| Polk County Tennessee Home Sales Report - February 2009 |
| Average List Price | $52,100 |  |
| Average Sold Price | $50,000 | |
| Average Days On The Market (DOM) | 114 |  |
| Total Number Of Homes Sold | 2 | |
| Total Dollars Value Of Homes Sold | $100,000 | |
| Homes Currently For Sale | 111 | |
| Polk County Tennessee Home Sales Report - February 2008 |
| Average List Price | $144,171 | |
| Average Sold Price | $136,928 | |
| Average Says On The Market (DOM) | 173 | |
| Total Number Of Homes Sold | 7 | |
| Total Dollar Value Of Homes Sold | $958,500 |
| Summary: This month when compared with the same month in 2008 shows an almost 89.6% decrease in the total dollars of real estate sold. If you look at it in number of homes sold it is down by 71.4%. Clearly this is not a good report even though it is deceptive due to being on only 2 properties. What does this mean to you? If you don't need to sell then dont! If you need to sell and you get an offer (a chance to sell) then sell now and buy in an excellent buyers market. 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. Waiting isn't always better if you do the math. 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. 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 - January 2009 |
| Average List Price | $144,733 | |
| Average Sold Price | $138,292 | |
| Average Days On The Market (DOM) | 141 | |
| Total Number Of Homes Sold | 33 | |
| Total Dollars Value Of Homes Sold | $4,563,650 | |
| Homes Currently For Sale | 773 | |
| Bradley County Tennessee Home Sales Report - January 2008 |
| Average List Price | $140,806 | |
| Average Sold Price | $134,752 | |
| Average Says On The Market (DOM) | 118 | |
| Total Number Of Homes Sold | 48 | |
| Total Dollar Value Of Homes Sold | $6,468,120 |
| Summary: This month is 29.4% worse than last year in terms of dollars or real estate sold and 31.2% worse as far as the number of homes sold. There are a couple of bright spots and that is that the average sales price and list price are both up slightly from last year. What does this mean to you? Price it right and maybe even a little low 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. The big question most sellers forget to take into account is what it will cost you to not accept the offer you have. 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. 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 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 |
| Polk County Tennessee Land Sales Report - January 2009 |
| There was one sale this month for $22,000 and there are 280 active properties for sale. Needless to say there are really no statistics to report as averages etc mean nothing on one property. This was a very bad month for land sales in Polk County. Of course it is January which is not usually a good month so that being said we sold less that 1/3 of what was sold last year as far as total dollars sold. 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 - January 2009 |
| Average List Price | $93,133 | |
| Average Sold Price | $90,482 | |
| Average Days On The Market (DOM) | 76 | |
| Total Number Of Parcels Sold | 3 | |
| Total Dollars Value Of Land Sold | $271,448 | |
| Land Parcels Currently For Sale | 504 | |
| Bradley County Tennessee Land Sales Report - January 2008 |
| Average List Price | $51,125 | |
| Average Sold Price | $45,961 | |
| Average Days On The Market (DOM) | 111 | |
| Total Number Of Parcels Sold | 7 | |
| Total Dollar Value Of Land Sold | $321,732 |
| Summary: The market for land is terrible and will continue to be that way until demand for new homes returns. What does this mean to you? 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. |
| 50k-69,999 | 11 | 10 | 13.2 |
| 70k-89,999 | 9 | 14 | 7.7 |
| 90k-109,999 | 5 | 7 | 8.58 |
| 110k-129,999 | 9 | 8 | 13.5 |
| 130k-149,999 | 10 | 8 | 14.99 |
| 150k-169,999 | 7 | 4 | 21 |
| 170k-189,999 | 8 | 4 | 24.02 |
| 190k-209,999 | 3 | 0 | No Sale To Date |
| 210k-229,999 | 5 | 0 | No Sale To Date |
| 230k-249,999 | 4 | 0 | No Sale To Date |
| 250k-269,999 | 3 | 3 | 12 |
| 270k-289,999 | 5 | 1 | 60.24 |
| 290k-309,999 | 2 | 2 | 12 |
| 310k-329,999 | 2 | 2 | 12 |
| 330k-349,999 | 1 | 0 | No Sale To Date |
| 350k-399,999 | 8 | 1 | 96.39 |
| 400k-499,999 | 2 | 0 | No Sale To Date |
| 550k-15mill | 9 | 0 | No Sale To Date |
 |
|
|
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
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
