| Polk County Tennessee Home Sales Report - May 2009 |
| Average List Price | $296,133 |  |
| Average Sold Price | $286,816 | |
| Average Days On The Market (DOM) | 181 | |
| Total Number Of Homes Sold | 6 |  |
| Total Dollars Value Of Homes Sold | $1,720,900 | |
| Homes Currently For Sale | 139 | |
| Polk County Tennessee Home Sales Report - May 2008 |
| Average List Price | $138,610 | |
| Average Sold Price | $135,610 | |
| Average Says On The Market (DOM) | 187 | |
| Total Number Of Homes Sold | 7 | |
| Total Dollar Value Of Homes Sold | $949,275 |
| Summary: This month when compared with the same month in 2008 was a great month in almost every way. The numbers are scued upward by the sale of a 1.1 million dollar property which affects the averages. Prices have by no means recovered and buyers apear to be very slow to come back to the table and are picking up only the best priced homes. They are buying and that is a huge improvement. I think we are going to see a seesaw affect for many months until the market decides which direction to go. What does this mean to you? If you need to sell and you get an offer (a chance to sell) then sell now and buy while it is still an excellent buyers market and before interest rates increase. If you are thinking of waiting to see if the prices go down even more remember that for every 1% that interest rates go up you will on average have to be able to get the house for 9-10% less just to be at the same place you are today if you have to get a loan. Do the math and you will see it is time to buy. Interest rates have already started jumping up in the last couple of weeks and if rates and gas prices climb it will challenge any economic life beginning to return to the markets. If you are a buyer this is your chance for great selection and great price leverage! Buy but get the home you want and BUY GOOD and then if you stay in it for a few years and you should do just fine if not very well off. If you are interested in marketing your property or are looking for a good deal to buy then just give me a call. Craig Harding RE/MAX Rivergate in Ocoee TN 423-338-7300 or Direct at 423-650-4422 |
| Bradley County Tennessee Home Sales Report - May 2009 |
| Average List Price | $131,728 | |
| Average Sold Price | $125,652 | |
| Average Days On The Market (DOM) | 149 | |
| Total Number Of Homes Sold | 67 | |
| Total Dollars Value Of Homes Sold | $8,418,725 | |
| Homes Currently For Sale | 808 | |
| Bradley County Tennessee Home Sales Report - April 2008 |
| Average List Price | $154,638 | |
| Average Sold Price | $150,288 | |
| Average Says On The Market (DOM) | 131 | |
| Total Number Of Homes Sold | 93 | |
| Total Dollar Value Of Homes Sold | $13,976,840 |
| Summary: This month is 39.8% worse than last year in terms of dollars or real estate sold and 28% worse as far as the number of homes sold. The are no bright spots in this report worth talking about. What does this mean to you? Price it right and low than the market to get it sold and get attention in the crowd! This is not the time to play with the market just get your home sold. Remember that for every 1% that the interest rates go up your home becaomes on average 9-10% less affordable for the buy who has a mortgage and thus puts presure on you to need to reduce the price. Interest rates have already jumped up in the last 2 weeks so now is the time to sell before further increases and higher gas prices put addition brakes on any life returning to the markets. The big question most sellers forget to take into account is what it will cost me not to accept the offer? Really make sure your house available for every showing possible! Buyers the interest rates are going to go up and probably substantially which will largely erase any gains you think you might get by waiting for the market to adjust down more. Be sure to take advantage of the up to $8000 first time home buyer tax credit when buying as it does not have to be paid back unless you sell in the first three years. Don't forget to take all the factors in to consideration as price is only one of the pieces in the affordability puzzle. If you are interested in selling your property or are looking for a good deal to buy then just give me a call. Craig Harding RE/MAX Rivergate in Ocoee TN 423-338-7300 or Direct at 423-650-4422 |
| Polk County Tennessee Land Sales Report - May 2009 |
| Average List Price | $55,989 | |
| Average Sold Price | $53,169 | |
| Average Days On The Market (DOM) | 64 | |
| Total Number Of Parcels Sold | 5 | |
| Total Dollars Value Of Land Sold | $265,846 | |
| Land Parcels Currently For Sale | 282 | |
| Polk County Tennessee Land Sales Report - May 2008 |
| Average List Price | $66,750 | |
| Average Sold Price | $60,000 | |
| Average Says On The Market (DOM) | 260 | |
| Total Number Of Parcels Sold | 6 | |
| Total Dollar Value Of Land Sold | $360,000 |
| Summary: This is a poor report. What does this mean to you? Price your property very very aggressively. IF you get an offer then take it very seriously and dont counter for just anything as it is important not to miss a good opportunity. As most people know building is dead for the most part and this continues to hurt land sale big time! If you get an offer and it is anywhere close to what you can accept and you want to sell, then sign the offer and do what they ask. If you are a buyer there are some tremendous deals to be had. Just call me and I will get you a list! Craig Harding RE/MAX Rivergate in Ocoee TN 423-338-7300 *All numbers based on sales reported in RCAR for both time periods. |
| Bradley County Tennessee Land Sales Report - May 2009 |
| Average List Price | $31,118 | |
| Average Sold Price | $27,385 | |
| Average Days On The Market (DOM) | 390 | |
| Total Number Of Parcels Sold | 6 | |
| Total Dollars Value Of Land Sold | $164,310 | |
| Land Parcels Currently For Sale | 533 | |
| Bradley County Tennessee Land Sales Report - May 2008 |
| Average List Price | $58,605 | |
| Average Sold Price | $49,634 | |
| Average Days On The Market (DOM) | 430 | |
| Total Number Of Parcels Sold | 7 | |
| Total Dollar Value Of Land Sold | $347,440 |
| Summary: This report reflect continued blood letting in the construction market as the new construction market remains fairly lifeless. Builder sentiment has increased but that has not translated in to lot sales yet. What does this mean to you? If you are a buyer and you are not picky about what you buy then this is a great opportunity to go to some auctions and pick up some super deals. If you are a little more specific about what you want there are some excellent deals on listed properties and the best selection to choose from in year. If you are a seller then take any even remotely close offer you get if it is important to you to get your property sold. Craig Harding RE/MAX Rivergate in Ocoee TN 423-338-7300 *All numbers based on sales reported in RCAR for both time periods. |
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ABR & CDPE Working in Residential, Log Home, Commercial and 1031 Exchange Serving Polk, Bradley, Monroe, Hamilton and McMinn County as well as North Georgia. RE/MAX Rivergate WWW.CraigHarding.com
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