This Presidents Day:10 Reasons to buy Real Estate

1) Many homes to choose from.

2) A brand new first time buyer stimulus package $8000 Tax credit that NOW DOESN'T have to be repaid. (should be finalized on Tues Feb17th,2009)

3) Rates ranging from 4.875% - 5.5% ...........with this inventory level are you kidding me ???

4) Warren Buffet says "Be fearful when others are greedy, and be greedy when others are fearful." Everyone is fearful now !!!!

5) Unlike a car, Real Estate will appreciate, we have seen a decline since 2005 but long term Real Estate has always been a good investment.

6) Move up buyers will save, example if your condo is worth 200K and you buy a house for 400K and the market is down 10% , you have a "perceived" loss of 20K on the condo but save 40K on the house. Down market = best time to move up buy.

7) Less Realtors are left the business, therefore you have a very select group of true real estate profesisonals that are truly dedicated to the industry and are truly in it for the long term.

8) There is nothing more benificial to the economy than a housing purchase. An average real estate transaction hires 26 people. This cycles much needed money through our economy.

9) As a buyer, you can negotiate a great deal for yourself that often times will include closing costs and terms that are very "buyer friendly".

10) You can get an FHA loan with as little as 3.5% down with a fico score of 600 or better. (just raised from 580)

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Burlington 07 vs 08 Values |
|
|
|
|
|
2007 |
|
2008 |
|
|
|
Avg Home Sale Price |
$492,102 |
Avg Home Sale Price |
$390,807 |
-20.58% |
|
Median Sale Price |
$434,555 |
Median Sale Price |
$367,500 |
-15.43% |
|
# of Homes Sold |
171 |
# of Homes Sold |
136 |
|
|
Avg Days on Market |
143 |
Avg Days on Market |
113 |
|
|
Fox Hill Elementary School |
|
|
|
|
|
2007 |
|
2008 |
|
|
|
Avg Home Sale Price |
$467,142 |
Avg Home Sale Price |
$423,417 |
-9.36% |
|
Median Sale Price |
$451,950 |
Median Sale Price |
$414,000 |
-8.40% |
|
# of Homes Sold |
30 |
# of Homes Sold |
33 |
|
|
Avg Days on Market |
119 |
Avg Days on Market |
117 |
|
|
Memorial Elementary School |
|
|
|
|
|
2007 |
|
2008 |
|
|
|
Avg Home Sale Price |
$454,127 |
Avg Home Sale Price |
$382,056 |
-15.87% |
|
Median Sale Price |
$448,750 |
Median Sale Price |
$365,000 |
-18.66% |
|
# of Homes Sold |
16 |
# of Homes Sold |
9 |
|
|
Avg Days on Market |
129 |
Avg Days on Market |
126 |
|
|
Pine Glen ElementarySchool |
|
|
|
|
|
2007 |
|
2008 |
|
|
|
Avg Home Sale Price |
$420,606 |
Avg Home Sale Price |
$389,880 |
-7.31% |
|
Median Sale Price |
$405,000 |
Median Sale Price |
$380,000 |
-6.17% |
|
# of Homes Sold |
25 |
# of Homes Sold |
25 |
|
|
Avg Days on Market |
138 |
Avg Days on Market |
65 |
|
|
Francis Wyman Elementary School |
|
|
|
|
|
2007 |
|
2008 |
|
|
|
Avg Home Sale Price |
$456,497 |
Avg Home Sale Price |
$397,971 |
-12.82% |
|
Median Sale Price |
$422,250 |
Median Sale Price |
$360,000 |
-14.74% |
|
# of Homes Sold |
36 |
# of Homes Sold |
17 |
|
|
Avg Days on Market |
131 |
Avg Days on Market |
158 |
|
Please note that these numbers are based on MLS. Not all listings in MLS are required to provide an elementary/grade school in the listing sheet.
|
Arlington Dallin School Homes Sold |
|
|
|
|
|
|
|
|
|
2007 |
|
2008 |
|
|
Avg Home Sale Price |
$492,102 |
Avg Home Sale Price |
$483,640 |
|
Median Sale Price |
$463,250 |
Median Sale Price |
$453,804 |
|
# of Homes Sold |
52 |
# of Homes Sold |
52 |
|
Avg Days on Market |
50 |
Avg Days on Market |
38 |
This is remarkable, it shows that Dallin School area has held value very well in 08 vs 07.
Info was pulled through MLS Pin.
|
December 2007 |
|
December 2008 |
|
Change |
|
Avg Home Sale Price |
$317,456 |
Avg Home Sale Price |
$352,111 |
-10% |
|
Median Sale Price |
$337,850 |
Median Sale Price |
$325,000 |
-4% |
|
# of Homes Sold |
10 |
# of Homes Sold |
9 |
|
|
Avg Days on Market |
117 |
Avg Days on Market |
213 |
|
**** Please note this information is through MLS Pin and doesn't count private non listed sales, actual sales may be slightly different through public records if there were any private sales during the above time period***
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