About Sarpy County, NE

2007 market recap for Stony Brook South in Omaha, NE. As of Febuary, 5, 2008 there are currently 6 homes listed on the Omaha MLS for sale and there were 15 homes sold in 2007.

As you know, 2007 was a down year for national real estate. However, people are still buying and selling homes in the Omaha Real Estate market. If you are considering moving in 2008, I would appreciate the opportunity to market your home. If you are considering Stony Brook South area, I would love to help you find the perfect home. Search all Omaha Homes For Sale listed by every real estate company at my website http://www.omaharealtypro.com/ .

Disclaimer: Statistics presented by Steve Lauver DEEB Realty, Information has not been verified, is not guaranteed, and is subject to change. Source: Great Plains REALTORS Multiple Listing Service, Inc.

Steve Lauver REALTOR DEEB Realty - The Better Choice tel.:402-689-7550 fax: stlauver@cox.net http://www.OmahaRealtyPro.com

Thank you for checking out my January l Estate market report for the Sarpy County area, including Papillion, La Vista, Bellevue, Springfield, Gretna and West Sarpy.

Active Listings, as of February 5, 2008 and Sold Data from January 1, 2008 to January 31, 2008. Months supply is the number of active listings divided by the number of sold listings for the month.

January was not the best month for sales. Mostly because those homes that closed in January were from buyers that were out in December looking at homes. December was one of the slowest months of the year for showings. Now that the holidays are out of the way, I think we will see an increase in homes sale through August. A couple of wild cards for this year are what effect will election year politics and the threat of $4 gas have on home buyers? If you're considering selling a home, I would appreciate the opportunity to market your home. If you are considering buying a home, be sure to check out my website and search the Omaha MLS for homes and when you are ready I would be happy to help purchase your new home.

Thanks for viewing my home market report and check out my website at http://www.omahareatypro.com/. Also, if your interested in a foreclosure or bank owned home, send me an email and I will set you up on a special email notification as they come on the market.

January Data Active as of 2--5-2008, Sold from 1-1-2008 to 1-31-2008

Sarpy County

Active listings 1,120
Sold listings 103
Months supply = 10.87

Papillion (Area 263)

Active listings 224
Sold listings 22
Months supply = 10.18

La Vista (Area 264)

Active listings 109
Sold listings 10
Months supply = 10.90

Bellevue (Areas 260, 261, 262)

Active listings 411
Sold listings 27
Months supply = 15.22

West Sarpy County (Areas 260-267)
(Gretna, Springfield)

Active listings 375
Sold listings 45
Months supply = 8.33

Thanks for viewing my home market report. Search all Omaha MLS listed homes at http://www.omaharealtypro.com/ When you visit my website, be sure to sign up for my Omaha Home Finder service.

Also, if you are interested in a foreclosure or bank-owned home, send me an email and I will set you up on a special email notification to alert you as these homes come on the market.

Information was pulled from the Great Plains Omaha Board of Realtors Multiple Listing Service; OABR deems information reliable but not guaranteed. Prepared by Steve Lauver-REALTOR

Steve Lauver REALTOR DEEB Realty - The Better Choice tel.:402-689-7550 fax: stlauver@cox.net http://www.OmahaRealtyPro.com

When a developer buys land for development a Sanitary Improvement District or SID is used to install streets, sewers, power, and the SID can also be used to buy land for public parks. In order to pay for these items a SID will issue bonds and assign special assessments to individual lots in the subdivision.

SIDs were established by the Nebraska Legislature in the 1940's to help with the huge influx of building that took place after World War II. Sanitary Improvement Districts are good because it keeps the cost of development lower which helps the builder and the buyer. Also, investors like SIDs because they issue tax free bonds and are generally a very stable investment.

When you buy a home and if the property is located in a SID you are required to receive a copy of the SID statement. This will show you the amount of the indebtedness of the SID. If you have questions about the SID it is best to contact the SIDs board of trustees and/or attorneys involved to ask about the SID's financial situation.

Taxes in SIDs are typically higher than in established parts of the city. This means a higher mil levy. The city generally requires a base level and the higher mil is used to pay for items such as a intersection in a development that is used by all inhabitants of the development. Codes for sewers and streets in a new development are stricter and the cost is higher which will also raise the mil levy.

A special assessment is assigned to items that are particular to a specific individual lot. For example, the street directly in front of the property and the sewer connected to the home benefit that particular home and these items are assigned special assessments.

Some buyers are concerned about what about if a development or a particular builder goes bankrupt. What does that mean for the SID? Does the buyer have to pay a higher assessment? No. It is extremely rare for a SID to go bankrupt, but it can happen. If it does it could mean a higher mil levy. Generally, if a SID goes bankrupt the indebtedness is reorganized to pay the bond.

This is just a general overview of SIDs if you have specific questions it may be best to consult an attorney. I also realize that this may not be the most exciting topic. Today's topic is courtesy of the KKAR and the real estate reality hour hosted by Steve Smithberg and Tori Lynn Ross. Steve Smithberg and Tori Lynn Ross host a local real estate radio show and Steve is owner of Homes by Design One and Tori is owner of Ross-Designs - Omaha's premier home stager.

Thanks,

David Matney, CRS,GRI

Alliance Real Estate

Considering selling your home? CLICK HERE for a list of questions to ask when selling your home.

2007 market recap for Hunters Crossing and Hunters Ridge in Papillion, NE. Out of 350 homes in the area, there were 16 homes sold in 2007 or 4.5% of the homes.

As you know, 2007 was not the best year in real estate. However, people continue to buy and sell homes in every type of market. If you are considering moving in 2008, I would appreciate the opportunity to market your home. If you are moving to the Papillion area, Hunters Crossing and Hunters Ridge is a great area. Search all Omaha Homes For Sale listed by every real estate company at my website http://www.omaharealtypro.com/ .

Disclaimer: Statistics presented by Steve Lauver DEEB Realty, Information has not been verified, is not guaranteed, and is subject to change. Source: Great Plains REALTORS Multiple Listing Service, Inc.

Steve Lauver REALTOR DEEB Realty - The Better Choice tel.:402-689-7550 fax: stlauver@cox.net http://www.OmahaRealtyPro.com