It looks like a few more homes went under contract this week. A sign of better weather coupled with an improved economy? Only a few more days to take advantage of the $8000 buyer credit, don't wait too long!
| PRICE RANGE | ACTIVE | PENDING | TOTAL |
| $1-$79,999 | 43 | 14 | 57 |
| $80,000-$99,999 | 39 | 18 | 57 |
| $100,000-$119,999 | 46 | 16 | 62 |
| $120,000-$139,999 | 86 | 40 | 126 |
| $140,000-$159,999 | 126 | 41 | 167 |
| $160,000-$179,999 | 126 | 42 | 168 |
| $180,000-$199,999 | 87 | 30 | 117 |
| $200,000-$224,999 | 72 | 22 | 94 |
| $225,000-$249,999 | 77 | 17 | 94 |
| $250,000-$274,999 | 50 | 9 | 59 |
| $275,000-$299,999 | 56 | 13 | 69 |
| $300,000-$349,999 | 42 | 6 | 48 |
| $350,000-$399,999 | 37 | 6 | 43 |
| $400,000-$499,999 | 49 | 3 | 52 |
| $500,000-$599,999 | 20 | 3 | 23 |
| $600,000 + | 53 | 1 | 54 |
| TOTAL | 1009 | 281 | 1290 |
I just had a scam happen to me on Craigslist. One of my listings was posted as a rental. The contact person informed potential renters that the sellers were in Africa, and would rent it for only $700 (a house priced at $174,900).
While it took 3 days for Craigslist to finally take it off their site, I received about 60 calls from people wanting to take me up on the offer of inexpensive housing. They drove by and saw my real estate sign and called me directly. I have no idea how many more just went straight to the poster. Or sent them money as a deposit (time will tell).
What I learned was that Craigslist does get a ton of traffic from our area (I have just started using it), and also that that many people are looking for a rental. Our market is getting very tight for rental housing, and I have a feeling it is going to get worse.
It looks to me that if an investor wanted to cash in, now is the time to buy rental housing. What's it like in your market?
P.S. - The house is not for rent!
Sales continue to increase, however I am unsure if they are due to the Cash Home Buying incentive or just the spring desire to purchase. We'll know more in the coming weeks. Look at the sales under $200,000, it's almost a sellers market in those price ranges.
| PRICE RANGE | ACTIVE | PENDING | TOTAL | %PENDING |
| $1-$79,999 | 41 | 14 | 55 | 25.45 |
| $80,000-$99,999 | 39 | 15 | 54 | 27.78 |
| $100,000-$119,999 | 46 | 15 | 61 | 24.59 |
| $120,000-$139,999 | 82 | 43 | 125 | 34.40 |
| $140,000-$159,999 | 116 | 40 | 156 | 25.64 |
| $160,000-$179,999 | 121 | 43 | 164 | 26.22 |
| $180,000-$199,999 | 84 | 28 | 112 | 25.00 |
| $200,000-$224,999 | 71 | 21 | 92 | 22.83 |
| $225,000-$249,999 | 82 | 17 | 99 | 17.17 |
| $250,000-$274,999 | 48 | 11 | 59 | 18.64 |
| $275,000-$299,999 | 56 | 10 | 66 | 15.15 |
| $300,000-$349,999 | 41 | 6 | 47 | 12.77 |
| $350,000-$399,999 | 34 | 8 | 42 | 19.05 |
| $400,000-$499,999 | 50 | 3 | 53 | 5.66 |
| $500,000-$599,999 | 21 | 2 | 23 | 8.70 |
| $600,000 + | 54 | 1 | 55 | 1.82 |
| TOTAL | 986 | 277 | 1263 | 21.93 |
There are bound to be lots of people traveling this weekend, and if you haven't had a chance to visit http://www.safetravelusa.com/ you may want to have a look. I use it almost every time I head out the door! Have a great weekend everyone!
The real estate market in the Black Hills is up about 10% over the past couple weeks. I'm sure part of that is due to the spring weather we have been experiencing. If you have any questions on analysing the following information, give me a call!
| PRICE RANGE | ACTIVE | PENDING | TOTAL |
| $1-$79,999 | 35 | 17 | 52 |
| $80,000-$99,999 | 39 | 11 | 50 |
| $100,000-$119,999 | 43 | 14 | 57 |
| $120,000-$139,999 | 81 | 39 | 120 |
| $140,000-$159,999 | 110 | 35 | 145 |
| $160,000-$179,999 | 130 | 35 | 165 |
| $180,000-$199,999 | 82 | 26 | 108 |
| $200,000-$224,999 | 65 | 21 | 86 |
| $225,000-$249,999 | 82 | 17 | 99 |
| $250,000-$274,999 | 47 | 10 | 57 |
| $275,000-$299,999 | 54 | 10 | 64 |
| $300,000-$349,999 | 38 | 6 | 44 |
| $350,000-$399,999 | 34 | 8 | 42 |
| $400,000-$499,999 | 51 | 3 | 54 |
| $500,000-$599,999 | 20 | 3 | 23 |
| $600,000 + | 54 | 1 | 55 |
| TOTAL | 965 | 256 | 1221 |
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