Hot off the Press: Richfield Market Update for Buyers and Sellers

February 2008

Richfield real estate market is slowly waking up from the long fall/winter slumber. Home owners whose homes are currently on the market are seeing slightly higher showing activity. Here is the summary of the MLS data for February 2008:

Currently available for sale: 193 homes up from 166 last month change: +16%

Homes listed during the month of February: 70 homes up from 50, change: +40%

Pending transactions during the month of February: 23 homes up from 12, change: +92%

Home sales closed in February: 15 homes down from 20, change: -25%

Market Temperature:

One home was listed, sold and closed within the month of February (it stayed on the market for 17 days). Four other homes sold in less than 30 days:

7 days - list price $284,900

11 days - list price $194,900

20 days - list price $209,000

22 days - list price $194,900

If you are looking for market information for condos, duplexes, or multi-family residential investment properties, email your request to: Marzena@MarzenaMelby.com

For a complimentary and up-to-date list of homes for sale, or a complimentary market analysis go to my website at http://www.livingintwincities.com/

Sellers: If you are planning on selling your home within the next six months, call me foe a complimentary market analysis. Hire the agent who has the right tools to find the right buyer for your property.

Buyers: Are you ready?! We offer a free consultation to help you determine the timing and the price range right for you and your situation. We are very knowledgeable about financing options, including special programs and first-time home buyers programs.