This is the May 18, 2009 edition of Real Estate Market Reports Blog Carnival. Reports are showing invigorated home sales from the west coast to the east, with a mindful eye on looking for the turn in the real estate market.
Housing Report
Tallahassee Real Estate presents Final Thoughts On Appreciation And Price Per Foot posted at Tallahassee Real Estate Blog, saying, “This real estate graph shows the relative change each month in price per square foot of homes sold in Tallahassee. For example, March of 2009 recorded home sales that were 11.1% lower (depreciation) than March of 2008, when using price per square foot to compare. Contrarily, January of 2009 was 8.1% higher than January of 2008 (appreciation) using the same standard.”
Barb Szabo presents Middleburg Heights Ohio Market Report Through 5/19/09 posted at Barb Szabo’s Blog, saying, “Below you will find Middleburg Heights Ohio market statistics for active, contingent, and pending listings, and closed listings from the first of the year. The “spring” market had a much slower start than last year, with concern on the part of buyers over jobs, job stability, and losses in the financial markets. The $8000 2009 home buyer tax credit has motivated first time buyers to purchase, but for those who want to move up or downsize it has been a bit more challenging. If you are thinking of selling in the near future, make sure your home is ready for the market and consider your price very carefully as it will be critical to the successful sale of your home.”
Pam Dent presents Greene County VA Real Estate Market Report – April 2009 posted at Pam Dent -Charlottesville, Albemarle,VA’s Blog, saying, “Greene County is located just north of Albemarle County which surrounds Charlottesville Virginia. Many people live in Greene County because of its easy commuting distance to Charlottesville. This is particularly convenient if their job location is along the 20 north corridor such as NGIC.
In April 2009, 12 Greene County VA homes sold. The average sale price was $259,617. The homes were on the market for an average of 144 days and sold for an average of 98.19% of the list price.
In March 2009, there were also 12 Greene County homes with contracts that closed. They sold for an average of $267,783. The average DOM was 87 days and the homes sold for an average of 95.58% of the list price.”
Local Real Estate Data
Tallahassee Real Estate presents Home Sales In Tallahassee’s Hottest Neighborhoods posted at Tallahassee Real Estate Blog, saying, “Every once in a while, we like to publish a list of Tallahassee neighborhoods to show what is happening in home sales around Tallahassee. You might be surprised at what subdivisions are hot, and which ones are not…”
Christine Donovan presents Costa Mesa Real Estate Minute May 17, 2009 – Westside Costa Mesa Market Report posted at Costa Mesa’s Neighborhood Blog, saying, “Southwest Costa Mesa, better known as the Westside or Westside Costa Mesa, is a wonderful area of Costa Mesa which borders both Newport Beach and Huntington Beach. It is typically quantified as being West of Newport Boulevard.
It encompasses Fairview Park and the Talbert Nature Reserve.
It has a wide mix of homes ranging from single family homes, to condos and apartment buildings. The homes overlooking the bluffs, have beautiful views of the ocean and wildlife in the Santa Ana River.
The current market report for Westside Costa Mesa is below:”
Terry Westbrook presents Lowell Michigan ~ Top Best Home Buys ~ May 2009 posted at Grand Rapids Real Estate is My Real Job – Terry Westbrook, saying, “The Top Lowell Homes to Buy by Price per Square Foot:
11216 Bluewater Hwy $ 39,900 920 Sq Ft $43.37/SqFt
6038 Bancroft Ave $ 47,900 1812 Sq Ft $26.43/SqFt
11555 Peck Lake Rd $89,900 1310 Sq Ft $68.63/SqFt
11696 E Bear Mdws $89,000 1400 Sq Ft $63.57/SqFt
6459 Kodiak Dr SE $109,988 1635 Sq Ft $67.27/SqFt”
Real Estate Market Report
Tallahassee Real Estate presents The Real Estate Trend Is Still Towards Declining Home Sales posted at Tallahassee Real Estate Blog, saying, “Real estate trends do not change overnight, so we should be able to see them coming. If we know what part of the cycle that we currently are working through, then we should know what the next change will look like.”
Brian and Rita Burke present Lone Tree Real Estate – market report Apr 09 posted at Denver Luxury Homes and Real Estate ~ Denver Luxury Real Estate Specialists, saying, “March numbers look off. That is because one of the multi million dollar houses sold in March which skews the averages. April has returned to a more “normal” state. 34% of the houses for sale in Lone Tree are listed at over one million dollars. That is 32 houses. Sales picked up in April as was anticipated. The same trend should follow for May.”
Renee Burrows presents Real Estate Blog – Las Vegas NV Area April 2009 REO Inventory Update: All that is left is CRAP posted at active rain, saying, “nventory has fallen dramatically since last report (-2881 units), Pendings have risen +1187 units Closing data is up up up at +924 units. Low interest rates have spurred a flurry of buyer interest & activity this December and it continues.
REO sales accounted for 80.4% of all Las Vegas Area Valley resales in April 2009. REO listings account for only 25.2% of total resale listings.”
Other Information
Silicon Valley Blogger presents How To Buy A Foreclosure: Find Foreclosed Homes Online posted at The Digerati Life, saying, “Thanks!”
Torrey presents What is loss mitigation posted at 1st Choice Loss Mitigation Blog, saying, “Loss Mitigators are your link to the defaulting lender on behalf of the seller. They know how to communicate with the lender to allow for a short sale or loan modification.”
Handy Saputra presents What are Homeowner Loans? posted at Home Loan | Mortgage Resources, saying, “If you are looking for a loan but are unsure whether or not you will be able to secure one or you are concerned that the interest rate may not be affordable within your budget then a homeowner loan may be the right option for you.”
Handy Saputra presents Why Loan Modification Beats Refinancing Your Mortgage posted at Home Loan | Mortgage Resources, saying, “Modifying a mortgage loan has become much easier since the implementation of the Obama administration’s loan modification plan. This plan provides incentives to lenders to change the terms of an existing loan to make payments on Columbus houses more affordable to homeowners. In the past, getting a mortgage modification was far more difficult, since lenders had to bear certain costs of the process.”
Handy Saputra presents What You Need to Know About Second Home Mortgages posted at Home Loan | Mortgage Resources, saying, “A persons home is the biggest asset that one can have to use for money. A home to back you up when you need a loan is one of the greatest advantages of home ownership. In recent years, there has been a major boom in the amount of people looking to use their homes as a way to get access to extra money when they need it most. One of the best ways to do this is through a second mortgage.”
Handy Saputra presents The Criteria For Obtaining A Bankruptcy Loan posted at Home Loan | Mortgage Resources, saying, “If you think that bankruptcy can handicap you from applying for finance, then think again because whether a individual is bankrupt, a loan can still be organized especially if you own a property with enough equity. Even a bad credit score is not a adequate enough reason to stop someone having a home loan at an advantageous interest rate.”
Handy Saputra presents How To Refinance To A Lower Interest Rate posted at Home Loan | Mortgage Resources, saying, “Getting a loan is not easy; it involves a lot of processes that you should deliberately think about first before anything else. Grabbing the lowest home mortgage rates possible is an important process because it can lower the amount that you will be paying for the loan after.”
Tallahassee Real Estate presents Using an RSS Feed To Read Your Favorite Real Estate Blog posted at Tallahassee Real Estate Blog, saying, “If you know of a good blog that you would like to read on a regular basis, you should find its Subscription Button that encourages you to subscribe to it.”
That concludes this edition. Submit your blog article to the next edition of real estate market reports using our carnival submission form. Past posts and future hosts can be found on our blog carnival index page.
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