Latham, NY

I was recently on a listing presentation here in Upstate NY...As we were wrapping up the presentation we were again talking about their goals for the future and what...ideally they would like to see happen...The sellers were wavering back and fourth about what the market suggests the value of thier home was worth...In their mind they were taking a hit (which from 3yrs ago they quite possibly were)They thought there house was worth $20K more...

At this moment scripts and my experience would tell me to break into the typical dialougue of...In this market the precieve hit that you are going to take on the sale of your home you will make up in the purchase of your next home....which is true, but I also spoke to them about...The interest rates and the 8K First Time Home Buyer Tax Credit...The clock is ticking on this tax credit...

We have about 3 more months of action that could be directly correlated to the First Time Home Buyer Tax Credit left...It was at that point in time their eyes lit up and they realized... That what they thought the market value was for their home and what the market really suggested is, two different things, but in their mind there were more advantages than disadvantages to there situation and listing their home.

Needless to say I walked out of there with a signed listing agreement...Thank You "First Time Home Buyer Tax Credit"

This monthly real estate report is brought to you courtesy of Michael Field - The Field Team at Keller Williams Realty. The following information shows you, for the month of March, how many new properties hit the market, how many went pending and also how many closed...Enjoy!

New Listings

50 New properties hit the market this month with an average asking price of $420,680. The High was $1.55 million and the low was $126,900. To be fair, this month there were 5 new listings over 1 million which heavily shifted the average new listing asking price...In a typical market, this average new listing asking price would be closer to $250K. Included in this 50, 10 were less than $200K, 11 were under $300K, 16 were under $400K, 4 under $500K, 2 under $600K, 1 @ $629K and 1 @ $899K (and of course the 5 between $1.05 Million-1.55 Million).

Pendings

36 Properties went pending this month. Of these, 12 of the properties had AN ASKING PRICE of less than $200K, 12 of the properties had ASKING PRICES of LESS than $300K, 6 for under $400K, 3 for under $500K, 1 under $600K, 1 under $700K and one under $1 million.

SOLDS

15 Properties closed this month. Average sale price $266,901, average Days on Market - 83, a high of $689,000 with a low of $115,000. 6 Properties sold for under $200K, 4 for under $300K, 3 under $400K, 1 @ $450K and then the one for $689K.

For a complete list of this information, please contact me in the office & I'd be glad to provide this report or perhaps a report similar for another particular area. Have a wonderful day & don't forget the HOME FIELD ADVANTAGE!

Coming to the end of the month of February, the results are in...Brought to you by the FIELD TEAM here is your update for the Latham, NY real estate market...

SOLDS - There were 10 sold properties in the North Colonie School District.

1. 36 Crabapple- 135K, a 3 BR 1 bath.
2. 27 Nelson - $169K, a 2BR 2 bath.
3. 83 Mill Rd. - $190K, a 3 BR, 1 bath.
4. 4 Andrea Ct. - $199.5K, a 3 BR, 1.5 bath
5. 73 Mohawk Ave. - $224,900K, a 4BR, 2 bath.
6. 15 Maxwell Rd. - $261K, a 4BR, 3bath.
7. 3 Schalren Dr. - $320K, a 3BR, 1.5 bath.
8. 20 Northern Dr. - $329KK, a 3 BR, 2 bath.
9. 33 Verdun St. - $374.9K, a 4BR, 2.5 bath.
10. 21 Northern Dr. - $442.9K, a 4 BR, 2.5 bath.

NEW LISTINGS- There were 30 new listings to the market. Granted several were previous listings that expired & were re-listed, these 30 make up the new properties to the Latham Real Estate Market. These prices range from $117K- 4.2 million. For a list of these properties email me & i'd be glad to provide this info...

PENDINGS - There are 4 properties that went pending & did not close in the month of February. This means that out of all the listings that went pending in the month of February, these are the only ones that didn't close. Out of the properties that sold in the above listed category, some of them mey have pended this month & closed in quick fashion however since they successfully closed we do not add them to this category.

This information should help to keep you up to date on the Latham Real estate market, however please feel free to contact me, Michael Field - The Field Team at Keller Williams Realty for expanded info on the Latham Real Estate Market. My goal is to be your expert in knowing the in's & out's of whats happening in the 12110 zip code for Real Estate.

THE HOME FIELD ADVANTAGE