Here is a summary of the Real Estate Statistics provided by
the Windsor and
Essex County Real Estate Board for the Month of May 2008.
Sales month-over-month in May decreased by 13% over May of
2007.
However, listings taken in the month also decreased by about the same
amount, 14%
AND year-to-date listings and sales are off by 5% identically
Prices were pretty much the same as last year at this
time..
Overall, the market is flat and the same as it was last
year. Supply
decreased pretty well the same as demand (listings vs. sales) and thus,
the
average sales price is unchanged. … Until next
month, I wish you all the
best, -Sash
|
Overall
Market May 2008 in |
2008 |
2007 |
2006 |
%INC/DEC |
|||
|
[
2007 - 2008 ] |
|||||||
|
Total
# of Listings [Month] |
1313 |
1521 |
1522 |
-14 % |
|||
|
Total
# of Listings YTD |
6455 |
6828 |
6836 |
-5 % |
|||
|
Total
# of Expired Listings [Month] |
590 |
463 |
611 |
27 % |
|||
|
Total
# of Expired Listings YTD |
2543 |
2584 |
2674 |
-2 % |
|||
|
Total
# of Sales [Month] |
516 |
594 |
572 |
-13 % |
|||
|
Total
# of Sales YTD |
2129 |
2245 |
2292 |
-5 % |
|||
|
Avg.
Sales Price YTD 2008 |
$163,870 |
Avg.
Sales Price YTD 2007 |
$163,445 |
||||
If you have any Questions or Comments, or would like a FREE
Over-The-Net
Home Evaluation, Visit... http://www.SashaMileticBlog.com/
Here is a summary of the Real Estate Statistics provided by the Windsor and Essex County Real Estate Board for the Month of April 2008.
Sales month-over-month in April decreased by 2% over April of 2007. However, listings taken in the month increased by 6% AND year-to-date listings fell as well by -4 %
Prices were higher from a year ago from $161,147 to $163,694.
Overall, the market is flat and the same as it was last year. Supply decreased pretty well the same as demand (listings vs. sales) and the average sales price increased ever so slightly. My opinion is that we’ve just about hit ROCK BOTTOM in Windsor and it’s about time to BUY. Grandma always told me to buy low and sell HIGH… Until next month, I wish you all the best, -Sash
| Overall Market April 2008 in Windsor and Essex County | 2008 | 2007 | 2006 | %INC/DEC | |||
| [ 2007 - 2008 ] | |||||||
| Total # of Listings [Month] | 1508 | 1428 | 1355 | 6 % | |||
| Total # of Listings YTD | 5102 | 5307 | 5314 | -4 % | |||
| Total # of Expired Listings [Month] | 535 | 572 | 551 | -6 % | |||
| Total # of Expired Listings YTD | 1983 | 2121 | 2063 | -7 % | |||
| Total # of Sales [Month] | 477 | 489 | 466 | -2 % | |||
| Total # of Sales YTD | 1607 | 1651 | 1720 | -3 % | |||
| Avg. Sales Price YTD 2008 | $163,694 | Avg. Sales Price YTD 2007 | $161,147 | ||||
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If you have any Questions or Comments, or would like a FREE Over-The-Net Home Evaluation, Visit... http://www.SashaMileticBlog.com/
Once
you have located
your new home, you can begin the fun part - moving. Whether
you’re moving two
streets away from your
current home, from one side of town to the other, or clear across the
country,
you have two options – either
professional movers or doing it yourself.
There
are pros and cons
of both choices. You must decide how much you can afford to spend, and
what option you feel works
best for you. Let's review the options.
•
Professional movers
costs and experience vary. There are those on the less expensive end of
the
system, consisting of
two to four people with a truck, up to the executive level of packing
and using
a
huge semi-truck to
delivery your belongings. Usually, what you pay for is what you get.
•
Most moving companies
provide sturdy, reinforced boxes. The cost of these boxes is included
in the
amount quoted for the
move.
•
Professional movers
use padded blankets to protect your furniture. These blankets are
secured with
rope or bungee cords so
no damage occurs.
•
If you are doing the
packing, make sure each box is carefully marked for the movers,
indicating
which
boxes contain fragile
items. In most cases, when using professional movers, you don't have to
worry
about the weight of the
boxes. They know how much to pack and have the correct equipment to
handle large boxes.
•
If working with
professional movers, one semi-truck may contain several households so
your
belongings may not be
the first on their route. Talk to the movers and determine when they are
expecting to arrive at
your new home. Keep in mind that traffic, construction, and weather,
can all
create delays. For this
reason, it's important to have phone numbers and e-mail addresses of the
movers along with the
main office just in case your belongings do not arrive on time. In
addition,
make
sure they have a phone
number to reach you. If the schedule denotes a 5 p.m. arrival, have
someone
at the house from 4:00
p.m. until the truck arrives: one hour before.
Self-Moving
industrial strength
boxes in all sizes, costing you nothing. Use old blankets, pillows, or
towels
for
minimal damage. Some
rental companies will rent padded blankets for a very small fee. Just
be sure
that you wrap breakable
items carefully and don't stack boxes of breakables on top of each
other.
•
Mark all boxes
carefully. Separate breakable items. Consider moving those in your car
instead of
loading them into trucks
with your other items.
unwanted items from
being packed and moved
• Carefully mark the
boxes containing towels, toiletries, sheets, etc., so you can unpack
those
first and
at least be able to make
your bed and take a shower.
"Open
me
first." This
might include a coffee pot, eating utensils, or clothing that
you've packed
separately to get you
through the first few days.
it will help them get
used to their new address.
•
If you have
cats, or other animals, make sure you keep them closed off from packing
as well
as the
moving day activity.
Pets can easily get into boxes without anyone knowing, or they can
quickly run
out a door and be lost.
Consider boarding them for a day or two.
condensation could
develop, and shock could occur when you plug them in.
placed on ice in a cooler
and then moved or given away. If you’re moving across the
country where
boxes
will take days to arrive, don't pack any perishable foods at all.
At
any given time, three
general factors affect the sale of your house: the current real estate
market, conditions,
the location of your property, and the competition. These three factors
are
always in flux. Interest rates rise and fall; neighborhoods lose or
gain
cachet; similar houses suddenly arrive on the market; and the pool of
active
buyers changes.
The Competition
When
a number of houses
with similar features are on the market, yours needs to shine. If two
houses
are similar in structure or layout, buyers will choose the one that
feels as if
it could be a home.
Well,
there isn't an
exact formula to arrive at the magic number, only a price range. Why?
Because
houses are a commodity and are subject to laws of supply
and demand, plus
market conditions keep changing. Prices rise when there are more buyers
than
sellers; they decline when more houses exceed buyers. The availability
of mortgage
money also affects sales, but ultimately what the buyers feels about a
house is
what determines the price he'll pay. While the buyer determines the
selling
price, you establish the listing price of your home.
When
you put a house up
for sale, there is a high probability that the asking price will be
lowered.
The key is knowing when to lower the amount. Keep in mind that timing
is
everything. If you have had your house on the market for some time and,
as a
last minute effort, decide to lower the price, it may not bring you the
desired
results.
It
is during the first
two weeks that your home will bring the most traffic. This is when the
home is
fresh on the market and in its peak sale time. If you wait too long to
bring
down the price, the current buyers will have already seen the house and
won't
necessarily show new interest.
That
doesn't mean that
another group of buyers won't come along, but buyers are bunched in
price
ranges. Therefore, in order to grab the attention of the next price
range of
buyers, you would probably have to make a significant reduction.
To
arrive at a realistic
listing price, research the competition. Learn what similar houses have
recently sold for as well as what "comparables" haven't sold. This
will provide a good idea of the price buyers are and are not willing to
pay for
houses similar to yours. Remember, a buyer will be looking at a number
of
houses with similar features and amenities.
Usually
specific
features in your house will determine its price range. For example, a
three-bedroom, one-bath house in a certain neighborhood will sell for
less than
a three-bedroom, two-bath house in the same neighborhood because buyers
are
willing to pay more for a second bathroom.
Pricing
your home can be
very emotional for the entire family. How do you put a dollar amount on
memories? Many sellers are offended if the market value of their house
does not
reflect their emotional attachment. However, you need to consider that
your
memories won’t qualify as a feature to strangers.
Don't
overprice your house - that
usually backfires. As mentioned above, the most
serious pool
of buyers arrive ready to buy within the first two weeks a house is on
the
market. They've done their homework. They won't buy a house that's
overpriced.
If a buyer is interested in your home, they still have to secure a
mortgage. In
order to obtain that mortgage, your home has to come back appraised at
the
asking price. For example, if you were selling your home for $100,000
but the
appraisal came back at $95,000. Mostly likely, the deal would fall
through or
you would have to lower the asking price to match the appraisal.
Finally,
it's your responsibility to price your
house so that it will sell quickly and
profitability
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