Sold Market Analysis
(Residential Listings)
February 2010
Another average month here in Sierra Vista. First time home buyers are still dominating the market and being in a military town.... VA loans are the loan of choice.
|
No. of Listings |
Dollar Volume |
Average Price |
Median Price |
Average DOM |
||
|
RESIDENTIAL |
||||||
|
OTHER |
4 |
$766,184 |
$191,546 |
$188,604 |
134 |
|
|
CONVENTIONAL |
14 |
$2,559,983 |
$182,856 |
$180,415 |
136 |
|
|
FHA |
5 |
$694,000 |
$138,800 |
$141,000 |
89 |
|
|
VA |
32 |
$6,530,074 |
$204,065 |
$200,308 |
132 |
|
|
CASH |
13 |
$1,378,500 |
$106,038 |
$69,000 |
96 |
|
|
OWNER CARRY 1st |
2 |
$112,500 |
$56,250 |
$56,250 |
132 |
|
|
|
||||||
|
Benson |
1 |
$242,000 |
$242,000 |
$242,000 |
212 |
|
|
Bisbee |
2 |
$349,750 |
$174,875 |
$174,875 |
98 |
|
|
Cochise |
1 |
$63,000 |
$63,000 |
$63,000 |
92 |
|
|
Douglas |
2 |
$195,000 |
$97,500 |
$97,500 |
71 |
|
|
Elfrida |
1 |
$32,000 |
$32,000 |
$32,000 |
99 |
|
|
Hereford |
10 |
$1,703,225 |
$170,323 |
$168,113 |
184 |
|
|
Huachuca City |
2 |
$271,000 |
$135,500 |
$135,500 |
99 |
|
|
McNeal |
1 |
$41,000 |
$41,000 |
$41,000 |
116 |
|
|
Palominas |
1 |
$350,000 |
$350,000 |
$350,000 |
364 |
|
|
Sierra Vista |
46 |
$8,542,366 |
$185,704 |
$193,158 |
109 |
|
|
Tombstone |
3 |
$251,900 |
$83,967 |
$83,000 |
117 |
|
|
|
||||||
|
Totals |
70 |
$12,041,241 |
$172,018 |
$178,000 |
123 |
|
|
Non Co-op Sales |
20 |
$2,790,200 |
$139,510 |
$123,450 |
97 |
|
|
Co-op Sales |
50 |
$9,251,041 |
$185,021 |
$183,163 |
134 |
|
|
All Sold Listings |
70 |
$12,041,241 |
$172,018 |
$178,000 |
123 |
I manage about 100 single family homes in Southern Arizona and have grown from about forty a year and a half ago. My goal a year and a half ago was to be at 200 in two years. I have made progress with word of mouth and online marketing however I am not gaining the ground I had hoped.
How are you growing your property management portfolio?
Do any of you offer agent referrals and do they work?
What advertising has brought you the best results?
Thanks for your ideas.
Brad Snyder
Sierra Vista Realty
www.BradSnyder.com

Merry Christmas!!
This is the holiday of all holidays. People anticipate the coming of the end
of the year because of all the fun and festivities that Christmas can bring.
Families reunite, enemies end feuds, friends create more memories. It’s
Christmas time. It’s the time to go out and enjoy the beautiful life God has
blessed us with.
--
Most Sincerely,
Brad Snyder, e-Pro
REALTOR/Property Manager
Sierra Vista Realty

Friends, Realtors, countrymen, lend me your ears.
The evil that inexperience and indifference does to our profession must end; the good is oft lost in their wake; so let the winds of change begin with the Real Estate Warrior.
The noble new agent of the future is ambitious: If it so, He will excel to greatness never before achieved, he will be an honorable agent; So much so that all honorable agents to come will speak of his greatness. His clients will say he was my friend, faithful and just to me.
He hath brought many happy buyers and sellers together by becoming a trusted advisor and all did see him as an expert and a good citizen while his adversaries feared is stern negotiating skills.
He sees no challenge too large….he understands the challenges of the future and can navigate the sea of change into real world advantages, he embraces change and cannot be deterred by resistance.
He will stand up after each challenge and challenge back with even more will. He will fight with every ounce of strength he can muster up inside to fight for his client and the American dream of home ownership.
Fear not, it’s not the end of the world for non warrior REALTORS but it may be the end for those who fail to adapt in a new world.
He will not be taken down by failure. He is a Real Estate Warrior.
I am a Real Estate Warrior...... Are you?

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