Welcome to the June 2, 2009 edition of the Real Estate Market Reports Blog Carnival. This Carnival pops up at different blog sites around the world each week to bring you interesting information about local real estate markets. With over 20 markets represented in this week’s report, there is something for everyone. Below, you will find information on the following topics:
- Housing Reports
- Local Real Estate Data
- Real Estate Market Reports
- Other Real Estate Related News
I hope you enjoy this week’s carnival. Please give us a “Five Star Rating” on by clicking the right star on the Blog Carnival graphic at the end of this post. Thanks and enjoy!
Housing Report
Barb Szabo presents Independence Ohio Real Estate Market Report For May 2009 posted at Barb Szabo’s Blog, saying, “Below you will find the number of total active listings along with those that went into contingent, pending, and closed status for the month of May. Although foreclosures and short sales are a large part of the market, the federal tax credit has brought some new buyers into the market. If you want to sell your home this year, pricing remains critical.”
Tallahassee Real Estate presents Killearn Lakes Unit 2: Home Sales Declining posted at Tallahassee Real Estate Blog, saying, “The average home price of a home sold in Killearn Lakes Unit 2 this year is $160,000, which represents a value of $110 per square foot. Much like the rest of the market, this traditionally strong Tallahassee neighborhood has seen home sales drop in half, and appreciation is -20% (meaning real depreciation) since the top of the market in 2006.”
Diane Aurit presents Lake Norman May 20009 Sales Analysis posted at Lake Norman Real Estate – Diane Aurit, saying, “Our total number of active listings decreased slightly. While they are high, considering this is Lake Norman’s peak selling/listing season at a time when we might expect increased inventory, this is a VERY good sign. I can’t emphasize enough how important it is for Lake Norman’s inventory to drop.”
Lee and Pamela St. Peter present Cary Apex Morrisville NC Market Report posted at RaleighHomesOnline, saying, “The market has changed dramatically comparing 1Q/08 with 1Q/09. During the first quarter of 2008, the average seller accepted offers that were +/-3% off of original list price. During the first quarter of this year, the average seller accepted offers that were +/-8% off of original list price. In listings where the final list price was equal to the original list price, the average days on market was between 30 and 52. In listings where the final list price was less than the original list price, the average days on market was between 115 and 138.”
Johnathan Mullaney presents What’s Happening On The Rest Of Lake Mary Road (Flagstaff, AZ) posted at Flagstaff Real Estate Blog, saying, “Here is a list of properties for sale, sale pending properties and sold properties(from the beginning of the year) for Lake Mary Road including: Lake Mary Park Estates, Bow & Arrow, Bennett Estates, Foxwood and Aspen Trails (Excluding Pine Canyon & Ponderosa Trails, see other post for these 2 areas) in Flagstaff, Arizona. We have 14 sold properties and 4 more sale pending! Search includes residential (single family stick built homes, townhomes, condos, manufactured homes, mobile homes & modular homes), land, multi-family homes, commercial and business opportunities, if they apply for this area.”
Local Real Estate Data
Lorrie Semier presents Addison, TX Homes New to the Market in May 2009 posted at Addison! Update, saying, “21 homes came on the market in Addison, TX in May, 2009 (up from 15 last month). In addition to the homes below, there are another 49 that have been on the market for more than a month. Now is the time to buy! If you are looking for an Addison home, call me! Now is also the time to sell, while inventory is still low!”
Tallahassee Real Estate presents Killearn Lakes Unit 1 Home Prices Holding posted at Tallahassee Real Estate Blog, saying, “We have been reviewing a stream of Tallahassee neighborhoods in our blog for the past two weeks and the common theme for these communities is falling home sales and falling prices. Up to now, it seems that most of these Tallahassee Subdivisions have seen prices fall (from the peak of the market) about 15-20%, but all appear to be showing long-term appreciation of greater than 3%”
Terry Westbrook presents Forest Hills Michigan Neighborhood Real Estate Market Reports ~ Forest Hills Gardens ~ May 2009 posted at Grand Rapids Real Estate is My Real Job – Terry Westbrook, saying, “The absorption rate for Forest Hills Gardens is 15 months, which means if no new listings come on the market it will take 15 months for the existing inventory of homes to sell at the current rate of sale.”
The Alexander-Slocum REMAX Team presents May Real Estate Market Snapshot for Vancouver and Clark County Washington posted at Vancouver WA Homes & Real Estate Blog, saying, “From this snap-shot view we can see that volume of home buying has increased, and the transactions involving REOs and those requiring 3rd Party approval – combined are about 30% of the homes listed, yet are now only 45% of the properties going under contract. The message we see for both Buyers and Sellers of homes in Vancouver and Clark County is that motivated home shoppers are including all eligible properties, and not just those based solely on price! Call or e-mail us to see how your individual situation fits into the current market.”
John Herrigel presents Portland Maine Real Estate Markets Improving posted at John’s Blog, saying, “Once again the Portland Maine residential home market posted solid results for the month ending May 31st 2009. 54 homes sold at a median price of 233K, compared with 72 homes at a median home price of 203K in 2008 for the same month. Despite the lower transaction volume, the median price rise coupled with a 7 day median days on market drop is encouraging news. Maine first time home buyers are very active and the higher median price shows other segments of the market are begining to heat up. Inventories ballooned to 451 properties compared with 410 a month prior, a bit disconcerting!”
Real Estate Market Report
Rob Arnold presents Orlando Realtor home sales statistics for April 2009 posted at Central Florida Orlando Real Estate – full service & investor friendly Realtor specializing in foreclosure, short sale, & bank owned REO houses, saying, “The Orlando Regional Realtor Association (r) released their April 2009 real estate market statistics for the metro Orlando area covering Orange County and Seminole County, Florida. The positive trend continues. Just look at those wonderful numbers. Inventory continues to shrink down from month over month – in fact it has decreased by just over 20% since April 2008.”
Tallahassee Real Estate presents Home Sales In Killearn Lakes Unit 3 (7 Oaks) posted at Tallahassee Real Estate Blog, saying, “When I first got into the business in 1991, Unit 3 of Killearn Lakes was in its prime. It was featured as the hottest neighborhood in town on many lists, and people were flocking to Killearn Lakes to check it out. It has been a strong selling neighborhood ever since its debut, but it is not immune to the current market conditions.”
Joy Goushaw presents Fort Myers Job Stability is Directly Tied to Fort Myers Real Estate Stabilizing posted at Joy ’s Blog, saying, “This was the news today in the Fort Myers News Press (link to the article). Columnist Mark Alexander shared recent reports by Fishkind & Associates that “Lee County lost 2,400 jobs in 2007, lost 11,000 jobs in 2008 and has projected a loss of 8,500 jobs in 2009.” Economy.com reported that in 2008, 29 percent of all foreclosures were caused by people losing their jobs. Economy.com projects that 60 percent of all foreclosures will be caused by foreclosures in 2009. I was fascinated by the information Mark Alexander shared as a result of his research.”
Carol Zingone presents Jacksonville Homes Sold 2009 Year To Date posted at My Insight Into NE FL, saying, “Jacksonville, Florida saw a 42% increase in sales comparing January-April 2008 to January-April 2009 – which is incredible. If you are in the market to sell your house, please consider how you will need to stage, present and price your home to make it stand out against the competition. I can provide you with a market analysis to help guide you.”
Joe Dallorso presents Ocala real estate market report April 09 posted at Joe’s Ocala Real Estate Blog, saying, “Ocala real estate sales in April were 229 homes in Marion County. That’s a large increase over January at 142, February at 188 and about the same as March which was 220. Total listings also dropped below 6,000 which is great news.”
Other Information
Tallahassee Real Estate presents Real Estate, FSBOs, and Fishing Nets posted at Tallahassee Real Estate Blog, saying, “I was talking to a good friend of mine yesterday who was asking me about an article in the Tallahassee Real Estate Newsletter that was published last Monday. He said he understood everything except he wanted to know what a “Failed To Sell” measurement was. He had seen the graph and wanted to know what it meant. Simply put, this is the measurement of the people in Tallahassee who tried to sell their home, but failed.”
NetBiz presents How to Negotiate Mortgage Terms posted at Your Finish Rich Plan, saying, “Learn to fish for the best deals”
Brian McKay presents Is Now the Time to Buy a Home? posted at MonitorBankRates.com, saying, “Have you been sitting on the sidelines the past couple of years waiting for the housing bubble to deflate?”
The Smarter Wallet presents The Basics of Home Financing: A Mortgage Loan Guide posted at The Smarter Wallet, saying, “Thanks!”
Silicon Valley Blogger presents How To Avoid Foreclosure: Keep Your House In Troubled Times posted at The Digerati Life, saying, “Thanks!”
Handy Saputra presents 4 Effective Mortgage Marketing Tips posted at Home Loan | Mortgage Resources, saying, “The mortgage market has been turbulent, affecting both lenders and brokers. In this time of serious crisis, mortgage brokers may be tempted to cut back on their marketing or advertising budget. Where money is tight, multiple methods of direct marketing and networking should be considered to attract attention of people who have not even considered applying for a mortgage before as well as generate repeat business from past clients.”
Handy Saputra presents Easy Tips On Home Loan Refinance posted at Home Loan | Mortgage Resources, saying, “If you have a home loan and your property went up in a ten percent or more value since you took out your current loan, you might make a good candidate for refinancing. It cannot only save you money on your mortgage payments, but it can also improve your terms, or both.”
Handy Saputra presents Refinance Home Mortgage – Discover Surprising Savings posted at Home Loan | Mortgage Resources, saying, “The current recession that grips the American economy has many homeowners wondering if they should refinance their mortgage loans. Many homeowners took out adjustable rate mortgages that were incredibly affordable when coupled along with the fact that they required little or no down payment. Now that interest rates have been adjusted higher they are scrambling to refinance their home mortgage.”
Handy Saputra presents Refinancing Home Loans Guidelines posted at Home Loan | Mortgage Resources, saying, “Refinancing your home can be a huge decision, especially if you have been investing in that home for a long time. If this is the case then you will need to ensure you are able to negotiate the best refinancing deal available.”
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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