Its that time of year...Crunch time for the tax time! If you're like me you've waited & know you need to get all your receipts, excel spreadsheets & Quicken files up to date and over to the accountants. Each year I tell myself that I am going to start earlier & this is going to be the year...But. This list accrues, and things get in the way.
Today though I had a great afternoon minding my son (my wife works Mondays) & getting myself together with my taxes. I took my time, stayed on track and didn't stop for lunch until June was finished. Then I came back to the desk finished them off & watched the begining of the Yankees game while I was wrapping things up. Doing that today makes me appreciate my daily activities as a Real Estate broker...Doing different things everyday with different types of people in working with them towards achieving their real estate goals...For that I'm thankful.
This monthly real estate report is brought to you courtesy of Michael Field - The Field Team at Keller Williams Realty. The following information shows you, for the month of March, how many new properties hit the market, how many went pending and also how many closed...Enjoy!
New Listings
50 New properties hit the market this month with an average asking price of $420,680. The High was $1.55 million and the low was $126,900. To be fair, this month there were 5 new listings over 1 million which heavily shifted the average new listing asking price...In a typical market, this average new listing asking price would be closer to $250K. Included in this 50, 10 were less than $200K, 11 were under $300K, 16 were under $400K, 4 under $500K, 2 under $600K, 1 @ $629K and 1 @ $899K (and of course the 5 between $1.05 Million-1.55 Million).
Pendings
36 Properties went pending this month. Of these, 12 of the properties had AN ASKING PRICE of less than $200K, 12 of the properties had ASKING PRICES of LESS than $300K, 6 for under $400K, 3 for under $500K, 1 under $600K, 1 under $700K and one under $1 million.
SOLDS
15 Properties closed this month. Average sale price $266,901, average Days on Market - 83, a high of $689,000 with a low of $115,000. 6 Properties sold for under $200K, 4 for under $300K, 3 under $400K, 1 @ $450K and then the one for $689K.
For a complete list of this information, please contact me in the office & I'd be glad to provide this report or perhaps a report similar for another particular area. Have a wonderful day & don't forget the HOME FIELD ADVANTAGE!
Remember back to 2000-2006 as first time buyers were the little brother getting thrown around because they didn't have any equity, or money or experience buying in a difficult market...Boy how things have changed!!! At this point, first time buyers have the capabilites & might even be depended on to get the Real Estate Market back on track for THE WHOLE COUNTRY!!! Imagine that!
From 2000-2006 you couldn't purchase a home for even a little over asking, you had to pay a lot more than asking whereas agents weren't even doing a good job pricing because we just couldn't find a ceiling...Neighbor Joe would put a sign on his front lawn & within 4 hours, three agents had offers to the listing agent...Then Neighbor Jane decided she wanted to get in on the action so she put a sign up & next thing you knew, she was getting 5K more than JOe got for his house three days earlier! In this type of buying atmosphere, first time buyers just couldn't keep up & if they were fortunate enough to purchase something they probably wished they hadn't of (at this point). Needless to say, they were unappreciated, unwanted & left out...
Nowadays, first time buyers might be the spark that the economy needs in order to get things back on track...They might force a demand in buying that we have needed...With the help of the fabulously low rates & $8,000 the gov is handing out, this really proves to be an awesome opportunity for them to lead the way! What once was lost now has been found! You are the golden ticket! Lead the way buyers!!! Congrats!
In the Capital Region Real Estate market, the average first time home buyer could spend anywhere from $150K-225K on average...With all the benefits for these buyers I can't help really to think about how great an opportunity it is to be buying right now...I heard from my loan officer, (Steve Field - my brother at Metrocities Mortgage) that rates were under 5%!!! Incredible! So let's break down the opportunities that are available:
God bless you first time buyers! You're in the driver seat!
Michael Field, Assoc. Broker - Realtor
The Field Team at Keller Williams Realty Capital District
518.724.5882 Office
518.669.1804 Cell
In the Capital Region Real Estate market, the average first time home buyer could spend anywhere from $150K-225K on average...With all the benefits for these buyers I can't help really to think about how great an opportunity it is to be buying right now...I heard from my loan officer, (Steve Field - my brother at Metrocities Mortgage) that rates were under 5%!!! Incredible! So let's break down the opportunities that are available:
God bless you first time buyers! You're in the driver seat!
Michael Field, Assoc. Broker - Realtor
The Field Team at Keller Williams Realty Capital District
518.724.5882 Office
518.669.1804 Cell
 |
|
|
Doing the Right Thing in the Capital Region's Real Estate Market...Our family team of agents supplies our clients with 5 Real Estate Experts!!! Thats the Home FIELD Advantage! www.thefieldteam.com
As a member of the Field Team, our family's philosphy is to always do the right thing...When representing my clients, I carefully help you 1) plan your real estate goal, then 2) help you achieve it. When representing, my buyers I make sure that you always have first insight as to newly listed properties through innovative technologies. My abilities to negotiate a transaction on your behalf is really what fuels my Real Estate Fire! Our advantage in the market place comes from within our family team of agents (Rick Sr., Barbara, Rick Jr., Robb and myself). With our "Home Field Advantage," we are able to make more appointments because there is someone who is always available for you. Our unique situation of having 5 agents in the business is an undeniable edge. My sellers receive the benefits of a four-year Business Degree in Marketing from Nazareth College. My degree helps to market my listings in the most visible, productive manners. I use edgy staging strategies to make sure your home is in the best condition for show...I would like to extend my services to you, or someone you know who is looking to get the most for their home, or to get the best deal in the Albany/Capital Region Real Estate Marketplace!
The Field Team
A Family Team of Real Estate Agents ready to help you buy or sell a home in the Capital Region
Click here to see all of our listings or to browse the Capital Region's MLS !
Albany County
Saratoga County
Calvin and Colleen Pitts-
"Where would we be w/ out you guys...Thank you for everything all of you have done for us. We appreciate everything. We would also like to say thank you for your thoughtful gifts, they will be put to good use...Thanks again."
Mark and Angela DePasquale -
"Hi Mike, I just wanted to drop a quick hello and thank you for all that you have done. The pie you dropped off around Thanksgiving was delicious, and we were very surprised to find the entertainment book in the mail box too. thank you so much, you have been very generous. We are very grateful to have found someone who was as honest and hardworking as you....."
Maureen & Jason -
"Thank you so much for all your help! We can not thank you enough for your kindness. We will highly recommend you to anyone who is searching for a house. You did a great job! Thanks again!
Learn More about Mike....
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
