Keith Manson

Does anyone know anything about DW Sharp Inc. which is a Comerical Mortgage Banker? The web site is dwsharpinc.com They indicated, in a old letter sent to me, that they have been in business for over 30 years. The letter was a looking for people to refinance and where willing to write loans for up to 30 year amortization on comerical properties.

I would appreciate if anyone can give me any infomation on the company. It almost seems too good to be true!

The market active declined 112 closings or 15.4% in 2008 comapared to 2007 results. The listings declined 10.9% for the same time period.

During the month of January 2009 there were 19 closings with a average sold price of $107,438 and a list sales ratio of 94.31%. The average time on the market was 81 days.

The sold activity was done 34.5% or 10 closings when comparing January 2009 to 2008.

There currently 468 properties listed with a average list price of $186,220 and have been on market 127 days.

The sales in January 2009 were:

Number of sales Price Range Days on the Market

3 50-59999 52

3 60-69999 84

1 70-79999 18

1 80-89999 36

2 100-109999 68

2 110-119999 54

1 120-129999 72

1 130-139999 114

3 150-159999 120

1 160-169999 208

1 170-179999 90

The Greenfield market was down last year in volume by 48 closings 12.7% volume and listings are down 65 listings or 8.2%.

In January 2009 there were 10 sales with an average time on the market of 138 days and a list to sales price of 95.51 %. Theat average sold price was $192,400. The sales in 2009 are 50% down compared to the same time in 2008.

There are currently 244 properties on the market witha a average list price of $193,417 and a median list price of $153,900. The listings are down 18.8% in January 2009 compared to 2008. The average time on the market is 136 days. Mostof the listings on the market are between $150,000 and 225,000.

The price range of the sold properties in Janauary 2009 were:

Number of Properties Price Range Time on the market

1 140-149900 176

1 150-159999 68

1 160-169999 171

2 170-179999 102

2 180-189999 150

2 225-249999 131

1 275-299999 198

The market started a little slow this January with only 5 sales. with an average time on the market of 177 days. The average list to sales ratio was 93.05 %. In 2008 there were a total of 12 closings compared to only 5 in 2009.

There were less new listings added in 2009 with 38 properties compared to 54 properties in 2008. The good news is that there is less inventory with a current inventory of properties is 207.

The average list price on active listings is $423,295. With 101 of listings with list prices over $300,000 and a median price of $289,000. The average maket time is 153 days.

The price range of the sold properies in January was:

Number of properties Price Range Days on the Market

1 130-139,000 533

1 140-149,999 22

2 200-224,000 136

1 300-349,000 189

The good news is that I am seeing increases in lookers on my websites of potential buyers and there is less inventory out there to look at. The REO's are sell fast with multiple offers show the demand for deals.

I love how both Linkedin and Active Rain works! Especially if you have good contacts over the years and are attached to good groups to net work in. I have been able to use both to assist property owners stay in their homes or at least save their how to resell it. My latest case I had a person contact me 1 week before the foreclosure sale after have bad luck with a credit counselor, a attorney, and dealing with hope. I was able to identify the right person, send a email identifying the situation and what I was looking for. The results is that the case was placed on hold with a good indication of being able to work out the situation and most likely the sale of the property.

This is a positive for everyone.