April 2010 Real Estate Activity for Brookfield & end of the $8000 tax credit. What does that mean?

By
Real Estate Agent with First Weber Group/short sale/cdpe/gri

There were 31 sold properties with an average sales price of $274,962 and a original list to sales ratio of 92.16% with 160 days on the market.  I addition there are 24 accepted offers with future closing dates. 

In 2010 there were 4 more sales than there were in 2009 or a 14.8% increase.  However, there were 55 fewer new listings in April 2010 that 2009 or a 39% reduction.

There are currently 503 properties listed with an average list price of $349,873 with an average time on the market of 258 days.

When comparing year to date results for 2010 to 2009, this year there have been 105 transactions compared to 98 last year or 7.1% increase. Currently the 22 accepted offers the 44 closed sales obtained in May 2010 may be obtainable for 2010.  So net net the sales seem to be consistent with results for 2009 in the same time frame which would suggest that the $8000 credit has had little impact.

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Rainer
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Keith Manson

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