What have we learned in 20 days?

By
Real Estate Broker/Owner with Riverbend Realty, Cape Girardeau, MO 2004008944

Craig Ferguson used to have a little song at the end of his late night show, "What did we learn on the show tonight, Craig?"  

I couldn't help but think of Craig Ferguson's wacky late night show, as I did some research to see if the first part of January tells us anything about the Cape Girardeau area real estate market so early in 2015.

Properties are selling between 95 and 100 percent of their listed price! In fact, the average ratio is 96.17 percent. That holds true of all classifications except vacant land and farms (which, along with commercial/industrial also skews the total days on market).

Three, four, and five bedroom properties are bringing the highest list to sold price ratio of the categories. Yes, this is a limited cross-section of the market, as we are only 20 days into the year; but consumers hoping to get under contract would be wise to pay attention. The days of lowball offers are pretty much behind us, as the local market transitions from a buyers' market to a sellers' market--or at least to a "normal market," as described by Karen Fiddler in her recent AR blog.

Whether your area is a normal market or a sellers' market, though, local statistics will tell your agent whether or not the market supports listed values. The snapshot for my area (Southeast Missouri) does support listed values, so wise buyers should take note when deciding how much to offer.

Cape Girardeau real estate market

.

Posted by

* * * * * * * * * * * * * * *

If you are looking for a foreclosure in Cape Girardeau, Perry, N. Scott, or Bollinger counties, I am the region's most experienced REO agent. As the area's ONLY Fannie Mae direct listing agent, I list more foreclosure properties than any other agent in this MLS. I am among the few local agents approved to both list and sell HUD properties. Give me a call if you are looking for help with the purchase of a foreclosure property.

______________________________________________________

http://www.homepath.com/  for Fannie Mae properties

http://www.homesteps.com/  for Freddie Mac properties

http://www.hudhomestore.com/ for HUD properties (foreclosures that were FHA financed)

____________________________________________________________________________________________

If you want up-to-the-minute real estate information, the only way to get it is to have an agent set you up on auto-notify with immediate delivery. Your listing information will come directly from MLS only when it comes from an MLS member. You willl not have to wait for the information to roll to those other websites, and you will not have to check multiple sources. It's free, so why not give me a chance to help you in your search?


NO OTHER SOURCE is as complete or as fast as your local REALTOR®’s source. This is not just an advertisement for REALTORS®--it is information about how the system really works.

Click to email Liz   Call on Liz Lockhart for A Higher Degree of Excellence

©2015 Liz Lockhart (if you reblog, link back and leave copyright tag intact) Protected by Copyscape Originality Check

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
Missouri
Groups:
Posts to Localism
Bananatude
Real Estate Questions & Answers
Never Answer The Same Question Twice
Tags:
market research
how much should i offer
real estate in cape girardeau mo
sellers or buyers market
list price vs sales price in cape girardeau
market statistics for cape girardeau real estate

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
384,703
Trumps Elite
Keller Williams Realty Acadiana - Lafayette, LA
Realtors/Career Consultant

Very creative and interesting! I will have to take a look at this in my market! Thanks for sharing!

Jan 20, 2015 04:55 AM #1
Rainmaker
303,859
Liz Lockhart
Riverbend Realty, Cape Girardeau, MO - Cape Girardeau, MO
GRI, Cape Girardeau Real Estate

Thank you, Elite Team ! I will bet that you will find similar results as the markets all over are improving.

Jan 20, 2015 05:04 AM #2
Ambassador
3,772,004
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Liz- like your new profile picture.  I love Craig Ferguson and will miss his show.  Loved your market report for Cape Giradeau. 

Jan 20, 2015 08:39 AM #3
Rainmaker
303,859
Liz Lockhart
Riverbend Realty, Cape Girardeau, MO - Cape Girardeau, MO
GRI, Cape Girardeau Real Estate

Kathy Streib ~ Thank you and thank you. I'm going to miss Craig Ferguson, though the downhill slide of his show in the last few months, in my opinion, made the transition easier for me. I loved his outside-the-box dialogues, but he started relying on stale gags toward the last.

Jan 20, 2015 09:07 AM #4
Rainmaker
680,856
Michael Dagner
Brokers Guild Classic - Denver, CO
Your Denver Homes Realty Expert

Liz, always seem to miss Craig Ferguson.  I didn't know he was still on.  Must be the time slot.  Nice post and hope you have a good year.

Jan 20, 2015 02:47 PM #5
Ambassador
1,549,703
Karen Fiddler, Broker/Owner
Karen Parsons-Fiddler, Broker 949-510-2395 - Mission Viejo, CA
Orange County & Lake Arrowhead, CA (949)510-2395

Great post Liz! Thank you for the mention too. I also used to love Craig Ferguson, but I go to bed too early for the late nights now. 

Jan 20, 2015 11:20 PM #6
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
303,859

Liz Lockhart

GRI, Cape Girardeau Real Estate
Ask me a question
*
*
*
*
Spam prevention

Additional Information