Metropolitan Regional Information Systems, Inc. Real Estate Trend Indicator - <$30K to >$500K Format
Frederick County, VA
From: 12/01/2007 to 12/31/2007 Statistics generated on: 01/08/2008
Residential | Active Listings | Time on Market | ||||||
Price Class | 2 |
| 4 | Condo | Residential | Condo | of Units Sold | |
Under $30,000 | 0 | 0 | 0 | 0 | 1 | 0 | 1 -30 Days | 10 |
$30,000-$39,000 | 0 | 0 | 0 | 0 | 0 | 0 | 31-60 Days | 8 |
$40,000-$49,999 | 0 | 0 | 0 | 0 | 1 | 0 | 61 - 90 Days | 3 |
$50,000-$59,999 | 0 | 0 | 0 | 0 | 0 | 0 | 91-120 Days | 4 |
$60,000-$69,999 | 0 | 0 | 0 | 0 | 0 | 0 | Over 120 Days | 36 |
$70,000-$79,999 | 0 | 0 | 0 | 0 | 0 | 0 | Total | 61 |
$80,000-$89,999 | 1 | 0 | 0 | 0 | 1 | 0 | ||
$90,000-$99,999 | 0 | 0 | 0 | 0 | 2 | 0 | Type of Financing | |
$100,000-$119,999 | 0 | 0 | 0 | 0 | 4 | 0 | ||
$120,000-$139,999 | 0 | 0 | 0 | 0 | 9 | 2 | Conventional | 42 |
$140,000-$159,999 | 2 | 2 | 0 | 1 | 30 | 8 | FHA | 4 |
$160,000-$179,999 | 0 | 1 | 0 | 0 | 48 | 0 | VA | 1 |
$180,000-$199,999 | 0 | 5 | 2 | 0 | 84 | 0 | Assumption | 4 |
$200,000-$249,999 | 0 | 7 | 7 | 0 | 177 | 1 | Cash | 7 |
$250,000-$299,999 | 0 | 2 | 6 | 0 | 204 | 2 | Owner Finance | 0 |
$300,000-$399,999 | 0 | 6 | 6 | 1 | 264 | 0 | All Other | 3 |
$400,000-$499,999 | 0 | 3 | 8 | 0 | 116 | 0 | Unreported | 0 |
Over $500,000 | 0 | 0 | 1 | 0 | 99 | 0 | Total | 61 |
Totals | 3 | 26 | 30 | 2 | 1040 | 13 | ||
Grand Totals | 61 | 1053 | ||||||
|
|
Source: Metropolitan Regional Information Systems, Inc. - MLS Resale Data
Copyright 2008 - Information deemed reliable, but is not guaranteed.
Things aren't looking good for the plans to bring Metro out to Dulles. The design process was in its final stages, but this latest decision could be the unexpected nail in the coffin. Until a few days ago, the FTA had given no indication that it was considering withholding its funding.
When meeting with my potential sellers, I have to used comparable foreclosures or short sale listings when performing a comparative market analysis. For one, like it or not, these homes are my sellers' competition. By showing these foreclosure properties, my sellers learn a very valuable lesson in pricing the property at market value and will most likely not overprice the properties.
Foreclosures have had a huge impact on the CMAs in some neighborhoods, I always try to run one CMA with the foreclosures included and one without to review with my clients.
 |
|
|
Let me tell you something about me. First I have 2 sons, Joe and Matt. Joe is in the Navy serving in Japan with the 7th Fleet. Matt is still at home and really into fixing up "fast" cars.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
