The National Association of REALTORS (NAR) reported a 10 percent increase in existing home sales, while inventory fell 3.7 percent. Existing homes sales are on pace to reach 6.1 million units by year's end, are up over 23 percent from the same time a year ago.
Much of the recent activity was sparked by first time buyers looking to take advantage of an $8,000 tax credit, which was initially due to expire at the end of November. NAR expects market demand to remain strong as the tax credit program has been extended and expanded through April 30.
Current inventory levels in all price ranges have dropped to 3.57 million units nationally, creating a 7-month supply. "Low-end inventory has become very tight in many areas and in some cases buyers are becoming more aggressive," explained NAR president Vicki Cox Golder. Multiple offers are not uncommon in the lower price ranges, and foreclosed properties are selling more quickly.
Who do you know who needs a great real estate agent? We can help you and your friends, colleagues and family ANYWHERE in the United States. Just ask us for a referral. We'll tap our nationwide network and help you find awesome real estate service wherever you need it. Friends don't let friends buy or sell real estate without a referral!
December 9, 2009
November 12, 2009
Just Approved: Extensions for Loan Limits & Home Buyer Tax Credit
In recent weeks, Congress has passed important legislation aimed at supporting the stability and growth of our housing market and overall economy.
1) Loan Limit Extensions - Congress has approved the extension of higher loan limits for mortgages backed by Fannie Mae, Freddie Mac, and the Federal Housing Administration (FHA). These limits were temporarily raised in 2008 to $729,750 as part of the national stimulus plan, and were scheduled to expire at the end of the year. This new measure extends the higher loan limits through December 31, 2010.
2) Home Buyer Tax Credit – President Obama just signed an extension of the first-time home buyer credit program. The revised program now benefits both first-time homebuyers and existing homeowners who purchase and move.
First-time homebuyers may be eligible for up to an $8000 tax credit.
Existing homeowners may be eligible for up to a $6500 tax credit. Some of the fine print includes:
Eligibility: All U.S. citizens who file taxes are eligible to participate. A “first time” home buyer means you have not owned your principal residence for at least 3 years. An “existing” home owner means that you have owned and lived in your principal residence for at least 5 consecutive years out of the last 8 years.
Income limits: Eligibility for the tax credit is based on the household’s “modified adjusted gross income” (MAGI).
Modified Adjusted Gross Income (MAGI)
Full Tax Credit for Single Person, making less than $125,000
Partial Tax Credit for Single Person, making $125,000-$145,000
Full Tax Credit for Married Filing Jointly, making less than $225,000
Partial Tax Credit for Married Filing Jointly, making $225,000-$245,000
No Tax Credit- Single, over $145,000
Not Tax Credti- Married, over $245,000
Eligibility dates: Homes purchased after 11/6/2009 and before May 1, 2010. Note that homes that are in a binding contract by 4/30/2010 may qualify, provided the purchase closes by July 1, 2010.
Types of homes – New and resale homes (single family, townhomes, and condos) used as a principal residence with a purchase price of less than $800,000.
Residence requirements – the property needs to be the buyer’s principal residence for at least 3 years after close of escrow.
For more information on these programs – please give me a call. Details on the new tax credit program is also posted on the website www.federalhousingtaxcredit.com.
1) Loan Limit Extensions - Congress has approved the extension of higher loan limits for mortgages backed by Fannie Mae, Freddie Mac, and the Federal Housing Administration (FHA). These limits were temporarily raised in 2008 to $729,750 as part of the national stimulus plan, and were scheduled to expire at the end of the year. This new measure extends the higher loan limits through December 31, 2010.
2) Home Buyer Tax Credit – President Obama just signed an extension of the first-time home buyer credit program. The revised program now benefits both first-time homebuyers and existing homeowners who purchase and move.
First-time homebuyers may be eligible for up to an $8000 tax credit.
Existing homeowners may be eligible for up to a $6500 tax credit. Some of the fine print includes:
Eligibility: All U.S. citizens who file taxes are eligible to participate. A “first time” home buyer means you have not owned your principal residence for at least 3 years. An “existing” home owner means that you have owned and lived in your principal residence for at least 5 consecutive years out of the last 8 years.
Income limits: Eligibility for the tax credit is based on the household’s “modified adjusted gross income” (MAGI).
Modified Adjusted Gross Income (MAGI)
Full Tax Credit for Single Person, making less than $125,000
Partial Tax Credit for Single Person, making $125,000-$145,000
Full Tax Credit for Married Filing Jointly, making less than $225,000
Partial Tax Credit for Married Filing Jointly, making $225,000-$245,000
No Tax Credit- Single, over $145,000
Not Tax Credti- Married, over $245,000
Eligibility dates: Homes purchased after 11/6/2009 and before May 1, 2010. Note that homes that are in a binding contract by 4/30/2010 may qualify, provided the purchase closes by July 1, 2010.
Types of homes – New and resale homes (single family, townhomes, and condos) used as a principal residence with a purchase price of less than $800,000.
Residence requirements – the property needs to be the buyer’s principal residence for at least 3 years after close of escrow.
For more information on these programs – please give me a call. Details on the new tax credit program is also posted on the website www.federalhousingtaxcredit.com.
October 16, 2009
Still time left for the $8000 Tax Credit!
$8000 Tax Credit Available For a Limited Time... home buyers can claim a special tax credit worth up to $8,000. The American Recovery and Reinvestment Act offers qualifying homebuyers a tax credit equal to 10 percent of a home's purchase price, up to a maximum of $8,000. The tax credit is offered to first time homebuyers, and those who have not owned a principle residence in the past three years. To be eligible for the tax credit, the home purchase must be recorded between January 1 through December 1, 2009.The full tax credit is offered to buyers with reported income up to $75,000, or $150,000 for married couples filing a joint return. Partial tax credits are available to for those with income levels up to $95,000, or $170,000 for those filing jointly. Contact us today for more details on this exciting program!
October 12, 2009
The Meaning of Poverty!
A colleague passed this delightful story along:
One day a father of a very wealthy family took his son on a trip to the country with the firm purpose of showing his son how much poverty exists in the world. They spent several days and nights on the farm of a very poor family.
Upon their return from their trip, the father asked his son, "How was the trip?" The son's answer? "It was great, Dad!" "Did you see how poor people can be?" the father asked. "Oh yeah," said the son.
"So, what did you learn from the trip?" asked the father. The son continued, "I saw that we have one dog and they had four. We have a pool that reaches to the middle of our garden, and they have a creek that has no end. We have imported lanterns in our garden, and they have the stars at night. Our patio reaches to the front yard, and they have the whole horizon."
His son added, "We have a small piece of land to live on, and they have fields that go beyond our sight. We have servants who work for us, but they serve others. We buy our food, but they grow theirs. We have walls around our property to protect us, and they have friends to protect them."
With this the boy's father was speechless. Then his son finally said, "Thanks Dad, for showing me how poor we are."
Too many times we forget what we have and concentrate on what we don't have. What is one person's worthless object is another's prize possession. It is all based on one's perspective. It makes you wonder what would happen if we all gave thanks for the bounty we have, instead of worrying about wanting more. Take joy in all you have, especially your friends.
One day a father of a very wealthy family took his son on a trip to the country with the firm purpose of showing his son how much poverty exists in the world. They spent several days and nights on the farm of a very poor family.
Upon their return from their trip, the father asked his son, "How was the trip?" The son's answer? "It was great, Dad!" "Did you see how poor people can be?" the father asked. "Oh yeah," said the son.
"So, what did you learn from the trip?" asked the father. The son continued, "I saw that we have one dog and they had four. We have a pool that reaches to the middle of our garden, and they have a creek that has no end. We have imported lanterns in our garden, and they have the stars at night. Our patio reaches to the front yard, and they have the whole horizon."
His son added, "We have a small piece of land to live on, and they have fields that go beyond our sight. We have servants who work for us, but they serve others. We buy our food, but they grow theirs. We have walls around our property to protect us, and they have friends to protect them."
With this the boy's father was speechless. Then his son finally said, "Thanks Dad, for showing me how poor we are."
Too many times we forget what we have and concentrate on what we don't have. What is one person's worthless object is another's prize possession. It is all based on one's perspective. It makes you wonder what would happen if we all gave thanks for the bounty we have, instead of worrying about wanting more. Take joy in all you have, especially your friends.
October 1, 2009
Fall is Here! Is Your Home Ready?
That crispness in the morning air and dew on the lawn tells me that fall is here! We all know that once it’s cold and rainy outside, we tend to huddle indoors and pay less attention to the maintenance of our homes. With that in mind, now is the time to get your home ready!• Furnace Filters ~ Though filters should be checked more than once per year, it helps to use fall as a reminder for this basic maintenance. Your furnace is the blower unit for both your heating AND air conditioning, so it’s been working all summer long! Change the filter often for maximum performance and energy efficiency.
• Standing Water ~ The rainy season is here, so if you have open containers on your property such as flower pots or bird baths, they’re going to fill up. This is the perfect breeding ground for algae, so turn them upside down or store them out of the weather.
• Sprinkler Check ~ Save water and money by adjusting your sprinkler settings. Either reduce the number of days you’re watering, or the amount of time set for each station. By the time winter comes, you should be able to turn them off completely!
• Clear the Debris ~ I’m very certain that no one wants unwelcomed guests, meaning pests and rodents. Extra clutter around the perimeter of your home is the perfect hiding place to escape the colder weather, so get these areas cleaned up. This will strongly discourage rodents from making a home on your property!
• Seal the Gaps ~ Another place rodents like to hide out is in the attic. Walk the perimeter of your home and look for openings that would allow them access into your home, and get them sealed. Even a quarter-sized opening is large enough for a rat to squeeze through!
Everyone deserves a home they love ~ Inside and Out!
August 25, 2009
Law of the Garbage Truck...
I thought everyone might enjoy this little story:
Law of the Garbage Truck
One day I hopped in a taxi and we took off for the airport. We were driving in the right lane when suddenly a black car jumped out of a parking space right in front of us. My taxi driver slammed on his brakes, skidded, and missed the other car by just inches! The driver of the other car whipped his head around and started yelling at us. My taxi driver just smiled and waved at the guy. And I mean he was really friendly. So I asked, 'Why did you just do that? This guy almost ruined your car and sent us to the hospital!' This is when my taxi driver taught me what I now call, 'The Law of the Garbage Truck.' He explained that many people are like garbage trucks. They run around full of garbage, full of frustration, full of anger, and full of disappointment. As their garbage piles up, they need a place to dump it and sometimes they'll dump it on you. Don't take it personally. Just smile, wave, wish them well, and move on. Don't take their garbage and spread it to other people at work, at home, or on the streets. The bottom line is that successful people do not let garbage trucks take over their day. Life's too short to wake up in the morning with regrets, resentments, anger, and frustration; so:
Love the people who treat you right. Pray for the ones who don't. Life is ten percent what you make it, and ninety percent how you take it.
I hope all of you have a blessed, garbage-free day!
Law of the Garbage Truck
One day I hopped in a taxi and we took off for the airport. We were driving in the right lane when suddenly a black car jumped out of a parking space right in front of us. My taxi driver slammed on his brakes, skidded, and missed the other car by just inches! The driver of the other car whipped his head around and started yelling at us. My taxi driver just smiled and waved at the guy. And I mean he was really friendly. So I asked, 'Why did you just do that? This guy almost ruined your car and sent us to the hospital!' This is when my taxi driver taught me what I now call, 'The Law of the Garbage Truck.' He explained that many people are like garbage trucks. They run around full of garbage, full of frustration, full of anger, and full of disappointment. As their garbage piles up, they need a place to dump it and sometimes they'll dump it on you. Don't take it personally. Just smile, wave, wish them well, and move on. Don't take their garbage and spread it to other people at work, at home, or on the streets. The bottom line is that successful people do not let garbage trucks take over their day. Life's too short to wake up in the morning with regrets, resentments, anger, and frustration; so:
Love the people who treat you right. Pray for the ones who don't. Life is ten percent what you make it, and ninety percent how you take it.
I hope all of you have a blessed, garbage-free day!
July 21, 2009
Update on Real Estate market & New numbers for homes sold...
To offer you a real estate update, prices have slipped somewhat during these slower economic times, and inventory continues to rise. The average price of a home in the Lakeview/Bull Shoals area has declined less than 10%, which is not bad considering national real estate trends. Also, the number of homes sold has fallen in 2009.
Fortunately, Beaman Realty continues to hold the lead in homes listed and sold. As a matter of fact, year to date, Beaman Realty sold half of the properties in this area, taking the remaining 29 companies in MLS combined to sell the other half. On the national front, home sales are starting to improve as foreclosures and distressed properties begin to move out of inventory in competition with "normal" properties. This has always been a large factor in home sales in the Twin Lakes area. Although this area is highly desirable, unless/until people can sell their properties elsewhere, they are not in a position to buy here. Although we are not out of the woods yet, conditions seem to be gradually changing for the good.
Please find the latest area statistics on homes that have sold below, just click on table/chart to enlarge. I have also included previous years, as well as surrounding communities.
Fortunately, Beaman Realty continues to hold the lead in homes listed and sold. As a matter of fact, year to date, Beaman Realty sold half of the properties in this area, taking the remaining 29 companies in MLS combined to sell the other half. On the national front, home sales are starting to improve as foreclosures and distressed properties begin to move out of inventory in competition with "normal" properties. This has always been a large factor in home sales in the Twin Lakes area. Although this area is highly desirable, unless/until people can sell their properties elsewhere, they are not in a position to buy here. Although we are not out of the woods yet, conditions seem to be gradually changing for the good.
Please find the latest area statistics on homes that have sold below, just click on table/chart to enlarge. I have also included previous years, as well as surrounding communities.
May 6, 2009
Housing Numbers: Green Shoots or Red Flags?
Two new pieces of data out today suggest, at face value at least, an improvement in the housing market.
First, construction spending rose 0.3 percent in March. Now granted, that's not an awful lot, but it's the first time that number has been positive in six months. The trouble is, single family construction dropped 8.6 percent after falling a record 11 percent in February. Nonresidential construction, however, came in strong and actually unexpectedly strong.
Okay, great then about nonresidential, except that the gains came in commercial buildings, educational buildings and manufacturing, which are all overbuilt already for today's real estate climate. "March's gains were likely from ongoing projects that were started when the outlook was brighter than it is today," writes economist Patrick Newport of IHS Global Insight.
Of course on the bright side, you could argue that continued drops in residential construction spending is a good thing for the market, given how high new home inventories are right now. The less we build, the faster we get back to normal levels of supply and demand. That's the bright side, if you are not actually a home builder.
The second piece of data, Pending Home Sales from the National Association of Realtors, also came in higher than expected. An increase of 3.2 percent month to month in contracts signed for existing homes could signal a coming boost in existing home sales. Of course, "while pending home sales have historically been a one-month leading indicator to existing home sales, with a 71% correlation using a one-month lag," writes JP Morgan analyst Michael Rehaut, "we note that since October, the relationship has been more volatile. Specifically, Feb.’s Pending Home Sales rose 2.0%, but March Existing Home Sales fell 3.0%." Rehaut adds that rising unemployment and weak consumer confidence will keep these levels depressed through the year.
Most agree that the increase in demand is driven by continued demand for foreclosures, a huge increase in affordability, low mortgage rates and the $8000 first time home buyer tax credit. Credit-Suisse analyst Dan Oppenheim in looking for a correlating rise in existing home sales in April, based on these pending numbers, a 3.9 percent increase to be precise. Since the largest gains appear to be in the South and West (homes to your biggest boom and bust states), we can probably expect to see even a bigger percentage of sales coming from foreclosures or short sales. And that's not bad.
The faster we get rid of the distressed inventory, the faster we can get regular, higher-priced homes some action.
First, construction spending rose 0.3 percent in March. Now granted, that's not an awful lot, but it's the first time that number has been positive in six months. The trouble is, single family construction dropped 8.6 percent after falling a record 11 percent in February. Nonresidential construction, however, came in strong and actually unexpectedly strong.
Okay, great then about nonresidential, except that the gains came in commercial buildings, educational buildings and manufacturing, which are all overbuilt already for today's real estate climate. "March's gains were likely from ongoing projects that were started when the outlook was brighter than it is today," writes economist Patrick Newport of IHS Global Insight.
Of course on the bright side, you could argue that continued drops in residential construction spending is a good thing for the market, given how high new home inventories are right now. The less we build, the faster we get back to normal levels of supply and demand. That's the bright side, if you are not actually a home builder.
The second piece of data, Pending Home Sales from the National Association of Realtors, also came in higher than expected. An increase of 3.2 percent month to month in contracts signed for existing homes could signal a coming boost in existing home sales. Of course, "while pending home sales have historically been a one-month leading indicator to existing home sales, with a 71% correlation using a one-month lag," writes JP Morgan analyst Michael Rehaut, "we note that since October, the relationship has been more volatile. Specifically, Feb.’s Pending Home Sales rose 2.0%, but March Existing Home Sales fell 3.0%." Rehaut adds that rising unemployment and weak consumer confidence will keep these levels depressed through the year.
Most agree that the increase in demand is driven by continued demand for foreclosures, a huge increase in affordability, low mortgage rates and the $8000 first time home buyer tax credit. Credit-Suisse analyst Dan Oppenheim in looking for a correlating rise in existing home sales in April, based on these pending numbers, a 3.9 percent increase to be precise. Since the largest gains appear to be in the South and West (homes to your biggest boom and bust states), we can probably expect to see even a bigger percentage of sales coming from foreclosures or short sales. And that's not bad.
The faster we get rid of the distressed inventory, the faster we can get regular, higher-priced homes some action.
May 5, 2009
Pricing to Sell!
Want to get top dollar for your home?
Despite the fact that declining home prices have been grabbing headlines for several months now, it can be a challenge for any of us to let go of what we had hoped our home would sell for.
It’s often the case that, prior to listing their homes, sellers interview a few agents, with a plan to sign on with the one who agrees to list it at the highest price. With the understanding that the listing price is ultimately the decision of the seller, not the real estate agent, I’d like to explain one of the most critical dynamics that impacts the actual sales price of a home.
Whether we are in a buyer’s market or a seller’s market, the same principle applies. The most effective pricing strategy for getting top dollar for a home is to price it competitively. This might not seem to make sense at first, but study after study, as well as my own personal experience, has proven that when a competitively priced home hits the market, it generates an instant buzz. Agents begin calling their prospective buyers and lining up showings to ensure that they don’t miss out on a great buy. Bidding wars can even break out.
Let’s contrast this situation to what happens when a home is priced higher than comparable properties. Neighbors and prospective buyers take one look at the listing sheet, and dismiss it as overpriced. The home sits on the market and sits some more. Eventually “REDUCED PRICE!” signs go up. The market starts to wonder what’s wrong with the house since it hasn’t sold.
Eventually, sellers take it off the market or agree to sell it for a much lower price than they had originally hoped.
In any market, competitively priced homes sell quicker and command a higher selling price than homes that factor high hopes into the pricing equation.
Despite the fact that declining home prices have been grabbing headlines for several months now, it can be a challenge for any of us to let go of what we had hoped our home would sell for.
It’s often the case that, prior to listing their homes, sellers interview a few agents, with a plan to sign on with the one who agrees to list it at the highest price. With the understanding that the listing price is ultimately the decision of the seller, not the real estate agent, I’d like to explain one of the most critical dynamics that impacts the actual sales price of a home.
Whether we are in a buyer’s market or a seller’s market, the same principle applies. The most effective pricing strategy for getting top dollar for a home is to price it competitively. This might not seem to make sense at first, but study after study, as well as my own personal experience, has proven that when a competitively priced home hits the market, it generates an instant buzz. Agents begin calling their prospective buyers and lining up showings to ensure that they don’t miss out on a great buy. Bidding wars can even break out.
Let’s contrast this situation to what happens when a home is priced higher than comparable properties. Neighbors and prospective buyers take one look at the listing sheet, and dismiss it as overpriced. The home sits on the market and sits some more. Eventually “REDUCED PRICE!” signs go up. The market starts to wonder what’s wrong with the house since it hasn’t sold.
Eventually, sellers take it off the market or agree to sell it for a much lower price than they had originally hoped.
In any market, competitively priced homes sell quicker and command a higher selling price than homes that factor high hopes into the pricing equation.
April 3, 2009
A few of the current market trends...
$8000 Tax Credit Available
For a limited time home buyers can claim a special tax credit worth up to $8,000. The American Recovery and Reinvestment Act offers qualifying homebuyers a tax credit equal to 10 percent of a home's purchase price, up to a maximum of $8,000. The tax credit is offered to first time homebuyers, and those who have not owned a principle residence in the past three years. To be eligible for the tax credit, the home purchase must be recorded between January 1 through December 1, 2009.
The full tax credit is offered to buyers with reported income up to $75,000, or $150,000 for married couples filing a joint return. Partial tax credits are available to for those with income levels up to $95,000, or $170,000 for those filing jointly. Contact us today for more details on this exciting program!
Price your home to sell!
Did you know the best chance for selling your property is within the first seven weeks?
It's true.
Studies show that the longer a property stays on the market, the less the seller will net upon the sale. It is very important to price your property at a competitive market value at the signing of your listing contract. The market is so competitive that even over-pricing by a few thousand dollars could mean that your house will not sell.
An Overpriced Home:
· Minimizes offers
· Lowers agents response
· Limits qualified buyers
· Lowers showings
· Lowers prospects
· Limits financing
· Wastes advertising dollars
· Nets less for the seller
When you are ready, contact me today for a personal market value analysis of your home. No hassles or obligation - just honest advice on how to get top dollar for your home!
Existing Home Sales Rise
The National Association of REALTORS (NAR) reported that existing home sales increased 5.1 percent in February, reversing the trend from the previous month. Total housing inventory for sale rose 5.2 percent in February, representing a 9.7-month supply at the current sales pace. Existing home sales — including single-family, condos, co-ops and townhomes — are projected at 4.72 million units for 2009, up from 4.49 million units projected in late February.
According to Lawrence Yun, NAR chief economist, "Because entry level buyers are shopping for bargains, distressed sales accounted for 40 to 45 percent of transactions in February." Yun also referred to strong improvements made in the West, including California, "where the median listing price is beginning to rise for the first time in three years."
Home shopping has picked up with increased housing affordability. NAR president Charles McMillan said, "It appears most of the increase in buyer traffic occurred in the latter part of the month after the $8,000 first-time buyer tax credit was put in place. At the same time, mortgage purchase applications have risen, so we expect to see sales picking up around late spring."
Freddie Mac is reporting favorable mortgage rates hovering in the high 4 to low 5 percent range for a 30-year fixed-rate loan.
For a limited time home buyers can claim a special tax credit worth up to $8,000. The American Recovery and Reinvestment Act offers qualifying homebuyers a tax credit equal to 10 percent of a home's purchase price, up to a maximum of $8,000. The tax credit is offered to first time homebuyers, and those who have not owned a principle residence in the past three years. To be eligible for the tax credit, the home purchase must be recorded between January 1 through December 1, 2009.
The full tax credit is offered to buyers with reported income up to $75,000, or $150,000 for married couples filing a joint return. Partial tax credits are available to for those with income levels up to $95,000, or $170,000 for those filing jointly. Contact us today for more details on this exciting program!
Price your home to sell!
Did you know the best chance for selling your property is within the first seven weeks?
It's true.
Studies show that the longer a property stays on the market, the less the seller will net upon the sale. It is very important to price your property at a competitive market value at the signing of your listing contract. The market is so competitive that even over-pricing by a few thousand dollars could mean that your house will not sell.
An Overpriced Home:
· Minimizes offers
· Lowers agents response
· Limits qualified buyers
· Lowers showings
· Lowers prospects
· Limits financing
· Wastes advertising dollars
· Nets less for the seller
When you are ready, contact me today for a personal market value analysis of your home. No hassles or obligation - just honest advice on how to get top dollar for your home!
Existing Home Sales Rise
The National Association of REALTORS (NAR) reported that existing home sales increased 5.1 percent in February, reversing the trend from the previous month. Total housing inventory for sale rose 5.2 percent in February, representing a 9.7-month supply at the current sales pace. Existing home sales — including single-family, condos, co-ops and townhomes — are projected at 4.72 million units for 2009, up from 4.49 million units projected in late February.
According to Lawrence Yun, NAR chief economist, "Because entry level buyers are shopping for bargains, distressed sales accounted for 40 to 45 percent of transactions in February." Yun also referred to strong improvements made in the West, including California, "where the median listing price is beginning to rise for the first time in three years."
Home shopping has picked up with increased housing affordability. NAR president Charles McMillan said, "It appears most of the increase in buyer traffic occurred in the latter part of the month after the $8,000 first-time buyer tax credit was put in place. At the same time, mortgage purchase applications have risen, so we expect to see sales picking up around late spring."
Freddie Mac is reporting favorable mortgage rates hovering in the high 4 to low 5 percent range for a 30-year fixed-rate loan.
February 10, 2009
More statistics for you to ponder...
January 12, 2009
Out with the old, in with the new... Happy 2009!
For 2009... I hope everyone has a safe, healthy, and happy New Year!
Now for the old... please find below the recap of "homes sold" for 2008.
Bull Shoals
Total number of homes sold: 35
Total dollar amount of homes sold: $3,777,800
The average selling price: $107,937
The average days on market: 163
Lakeview
Total number of homes sold: 49
Total dollar amount of homes sold: $5,656,950
The average selling price: $115,448
The average days on market: 127
Mountain Home
Total number of homes sold: 355
Total dollar amount of homes sold: $51,527,142
The average selling price: $145,116
The average days on market: 145
Flippin
Total number of homes sold: 38
Total dollar amount of homes sold: $5,514,400
The average selling price: $145,116
The average days on market: 202
Cotter/Gassville
Total number of homes sold: 58
Total dollar amount of homes sold: $6,875,355
The average selling price: $118,541
The average days on market: 150
Now for the old... please find below the recap of "homes sold" for 2008.
Bull Shoals
Total number of homes sold: 35
Total dollar amount of homes sold: $3,777,800
The average selling price: $107,937
The average days on market: 163
Lakeview
Total number of homes sold: 49
Total dollar amount of homes sold: $5,656,950
The average selling price: $115,448
The average days on market: 127
Mountain Home
Total number of homes sold: 355
Total dollar amount of homes sold: $51,527,142
The average selling price: $145,116
The average days on market: 145
Flippin
Total number of homes sold: 38
Total dollar amount of homes sold: $5,514,400
The average selling price: $145,116
The average days on market: 202
Cotter/Gassville
Total number of homes sold: 58
Total dollar amount of homes sold: $6,875,355
The average selling price: $118,541
The average days on market: 150
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