Friday, January 15, 2010

Houses are selling: but for how much and when?

Our special area has been very fortunate to retain its appeal to wide a range of buyers : weekenders, artists, investors and many who just recognize the quality of life here.
And with prices down about 18% from 2007, there are many bargains.

Here are statistics of new contracts and their price ranges:

15 houses entered contract between 12/22 - 12/28/09
6 of the houses were under $200K
5 were bet.$2-300K
3 were bet.$3-500K
1 was over $500K

8 houses entered contract between 12/29 - 1/4/10
1 house under $200K
4 houses bet. $2-300K
3 houses bet.$3-500K

The lucky first time home buyers that will be eligible for the $8,000 tax credit are leading the pack. More statistics next week.

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