Brian Buffini has released his newly updated Real Estate Report. I'll give you some of the facts that I find relevant and interesting.
- For Sale by Owner's are down in 2010, less than 1 out of 10 sales.
- 95% of first time home buyers chose a fixed-rate mortgage.
- Distressed properties make up 36% of the market.
- Top factors influencing a buyers decision: quality of the neighborhood, convenience to work, and affordability of the home.
- Percent of buyers who were first-time buyers increased to 50% in 2010.
- Typical home sold for 96% of the final list price.
- Most popular motivation for selling - current house too small.
- Most cost effective improvement to prep the house for sale: Cleaning and de-cluttering, lightening and brightening, then staging.
If you'd like more information about the local real estate market, contact the Eisenlauer Team. We'd love to be of assistance.
Bill 770-2455 Bob 979-2883
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