Welcome to the January 18, 2009 edition of real estate market reports. Some of the real estate professionals are reporting dropping home inventory levels and increased buyer activity. This could be a good start to the hottest home selling season of the year.
Housing Report
Kathy Torline – Nordstrom presents Colorado Springs Real Estate Market — 2008 information for Briargate posted at Colorado Springs Real Estate Blog by Kathy Torline, saying, “The Briargate housing market continues to be a BUYERS Market, as there is currently a 7 month of supply of homes on the market. A 6 month supply of houses on the market is considered a “NEUTRAL MARKET”. Sales units are down 25% from 2007, but pricing is only down 11% from 2007.”
John Novak presents Real Estate Blog – Sun City Aliante real estate – 4th quarter market report posted at active rain, saying, “Sun City Aliante consists of all one-story homes with two to three bedrooms from 1,157 to 2,104 square feet. All homes have 2-car garages. Construction began in 2003, and new homes are still available.”
Joe Manausa presents Single Family Resale Homes In Tallahassee | Tallahassee Real Estate Blog posted at Tallahassee Real Estate Blog, saying, “The buzz around town (at least in my Tallahassee Real Estate world) is everybody speculating about what the Tallahassee housing market is going to do this year.”
Renee Burrows presents Real Estate Blog – Las Vegas NV Area December 2008 REO Inventory Update: The Heat is On! posted at active rain, saying, “Even though bank owned listings (aka Foreclosures, REO) are seeing an upward tick in absorption, it is still a seller’s market! Inventory has risen dramatically (+286 units), Pendings have dropped -92 units Closing data is up up UP at +300 units. Watch inventory rise in Feb/Mar as the foreclosure moratorium ended Jan 9. Low interest rates have spurred a flurry of buyer interest & activity this December and it continues. Foreclosures are showing NO signs of stopping!
REO sales accounted for 77% of all resales in December 2008. REO listings account for only 38% of total resale listings.”
Debbie Hutchins presents Real Estate Blog – Vestavia Hills, Alabama Year End 2008 Market Report posted at Deb’s Doodles About Real Estate in Birmingham and Shelby County Alabama, saying, “There are 434 homes available for sale today wwith a Median Price range of $358,500. There were 511 homes sold in 2008 with an Average SOLD price of $361,244 and 79 Average Days on Market.”
Local Real Estate Data
Brien Berard presents This Weeks Home Sales Report For Maryland Counties posted at Laurel & Silver Spring MD Blog, saying, “Home Sales in Maryland Counties, Montgomery, Prince Georges, Howard and Ann Arundel.”
Marjorie Taylor presents St. Augustinians Scoff posted at Marjorie’s Blog.
Brien Berard presents Home Sales Montgomery County Maryland posted at Laurel & Silver Spring MD Blog, saying, “Home sales in Montgomery County. Is the bottom near?”
Brien Berard presents Homes Sales Laurel MD Zip Code 20707 posted at Laurel & Silver Spring MD Blog, saying, “Laurel Maryland 20707 housing sales, show significant develpments.”
Joe Manausa presents Florida Condominium Governance Form | Tallahassee Real Estate Blog posted at Tallahassee Real Estate Blog, saying, “Like the rest of the market, Tallahassee condominiums have an abundance of supply in much of the Tallahassee real estate market. The following table shows that overall, there are over two years supply of condos for sale in Tallahassee, with the bulk of the supply above the $200,000 price range.”
Real Estate Market Report
C Richey presents CityCenter loses some Condos posted at Las Vegas Condos – Las Vegas Condominiums, saying, “CityCenter cuts some condos from the project.”
Lyn Sims presents Elk Grove Village Illinois Homes – $450,000 and up – Is anything selling? posted at Lyn Sims – Schaumburg IL Real Estate – Northwest Chicago IL, Illinois Real Estate,, saying, “Elk Grove Village Illinois Market Report – $450,000 and up”
C Richey presents Looking at the Las Vegas Real Estate Market posted at Las Vegas Real Estate News.
Torrey Brothers presents When Is A Good Time To Buy Real Estate? posted at Hot Wholesale Rehabs.
Jo Soss-Olson presents Bremerton WA Real Estate Market Report Recap |December 2008 posted at WestSoundLive!.
Joe Manausa presents 2009 Real Estate Forecast | Tallahassee Real Estate Blog posted at Tallahassee Real Estate Blog, saying, “Every year at this time, the Attorneys’ Title Insurance Fund publishes its Real Estate Forecast. This year, the report does little to bring enthusiasm to a much beleaguered market, instead predicting Florida’s economy to lag the rest of the country.”
Lyn Sims presents Questions about Home Buying? Hoffman Estates Illinois Real Estate – Lyn Sims (847)230-7324 RE/MAX SUBURBAN posted at Lyn Sims – Schaumburg IL Real Estate – Northwest Chicago IL, Illinois Real Estate,, saying, “Do you think you might need a buying coach? Do you need someone to help you with a home buying game plan? First time buyers or buyers who have been thru the maze before – great real estate advice with you the ‘client’ in mind. Schaumburg Illinois Area Buyers Agent.”
Other Information
Lyn Sims presents Home Seller Closing Costs – Lyn Sims (847)230-7324 Schaumburg IL Real Estate – RE/MAX Suburban posted at Lyn Sims – Schaumburg IL Real Estate – Northwest Chicago IL, Illinois Real Estate,, saying, “Sellers Closing Costs”
Robby recommends Forensic Loan Document Review, saying “ You Walk Away is a leader in forensic loan document review, which is a significant part of a loan modification process.“
Marjorie Taylor presents St. Augustine the Next Hollywood? posted at Marjorie’s Blog.
Chris presents Making an offer? Play it right. posted at Home I Own, saying, “Real estate consumers’ advice”
Tonda Hoagland presents Do You Really Need a Down Payment? posted at Hoagland Team chats with Indianapolis!, saying, “Information on how much down payment is really required in this current market.”
Tonda Hoagland presents Are You a “Property Virgin”? posted at Hoagland Team chats with Indianapolis!, saying, “First Time Homebuyer information.”
Joe Manausa presents Listing Realtor | Tallahassee Real Estate Blog posted at Tallahassee Real Estate Blog, saying, “Times change. Market cycles change. The advice on how to price your home to sell has changed! If you are thinking “if I have to drop my price that low, I’ll just keep my house and not sell it!,” then you are the perfect candidate for taking your home off the market (or not putting it on the market). The number of motivated home buyers in the Tallahassee real estate market is lower today than any level in the 1990s or 2000s and will not be enticed back into the market until values are much more attractive.”
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.
Technorati tags: real estate market reports, blog carnival.
{ 1 trackback }