Remember the Down Payment? That relic from the past, at least in the eyes of some buyers and mortgage lenders??? Well, it's back in fashion again, maybe not by choice, but I surely welcome its gallant return. Read on here...
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Timing the Real Estate Market? Don't Bother...
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Why would a real estate agent "Buy a Listing"? It's not what you think...
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Three Bogus Real Estate Stats - You know I'm a stats guy, so I had to link to this one.
I picked the nine best listings among the mass of listings we've taken over this last month, I hope you agree that they look pretty good...
(great views from Deck)
(more great Deck views, by 4th St. Elevator!)
(classic older home)
(landscapers delight!)
17319 Ballymore Lane - $519,900
(in AWESOME Waterford Estates - Built by Tim Jeager)
As always, gain direct access to all the listings by registering at my website, DBQFavoriteAgent.com...
New Listings: 120
Price Changes: 109
Gone Under Contract: 78
Sold Listings: 74
Expired & Withdrawn Listings: 34
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Total New Listings: 561
Active Listings: 443
Pending Sold Listings: 118
(% Under Contract): 21.0% ( - 1.0%)
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Average Homes Sold Per Month: 64.3 Homes
Percentage Selling Per Month: 14.5%
Supply of Homes: 6.9 Month Supply (+ .7 months supply) (Over 6.0 = Buyer's Market, Under 6.0 = Seller's Market)
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Year to Date Sales: 445 ($144,327 Avg. per Sale)
2007 Year to Date: 601 ($148,468 Avg. per Sale)
2006 Year to Date: 646 ($147,956 Avg. per Sale)
2005 Year to Date: 562 ($139,592 Avg. per Sale)
2004 Year to Date: 588 ($123,814 Avg. per Sale)
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Some slight changes to the Market Stats I'm presenting. First off I am now showing, based on previous averages) how many homes are selling, as a percentage per month, this month 14.5% of homes trying to sell actually did. That alone should indicate to you just how tough it is to have your home among the masses be one of the chosen ones. This isn't to scare any current or potential sellers, you simply have to know what your general odds are in relation to the rest of your competition. See the chart I posted earlier today to graphically show you the difference between the homes that are trying to sell, and the number that actually is selling on a per month basis.
Also, I'm reaching back to 2004 for my weekly rundown of Year to Date sales numbers. Going back only two years to 2006 didn't seem to cast enough perspective on the market as 2006 was a peak year. Yes, things are slower by a large margin, but we've still lost very little in terms of percentage price per sale. Note too, that our Supply of homes number stands at 6.9 months, a .7 month increase.
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Dubuque Real Estate E-Blast |
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Did ya miss me? Don't answer that, because I know I missed writing more than a few tantalizing blog posts these last few weeks. Three youngins' under that age of two and a half in the home will to that to a fella. I usually write in my "off-hours" at home while taking in a good game or movie, but between the lack of sleep, the crying, and dirty diapers, it's been a heck of a month or two over here. Well, regardless the business churns along, and it's actually been quite busy, we've seen quite an expansion in Dubuque's market inventory, see the market stats in a forthcoming post. The side benefit to this expansion is the vast number of choice listing to feature in this week's featured homes post coming a bit later as well. Lastly, there have been a lot of good articles and blog posts in the last few weeks about what's going on in the business and economy overall, I've posted a number of these below. One last note, I'm now uploading my virtual tours to the uber-popular YouTube.com. So far I'm the only Dubuque agent doing this, click here to see some of my handi-work... |
Check out this chart I'm keeping updated on my computer. It shows the number of folks trying to sell each month versus the actual number that are selling each month (12 month rolling average), updated on August 19th, 2008...
Dubuque Rocks! As a lifelong resident in the Dubuque area I've seen the down times of the 80's, the rebirth in the 90's, and Dubuque's rise to one of the most prominent cities in all the midwest.
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