Welcome 2009!
Or perhaps shall I say WELCOME 2$$9!!
We all have new year resolutions, promises to do better, improvements, business plans etc...lots of hope. And this is great - because hope is motivating and inspiring. It gives us another chance at trying .... It is just like a spring - renews and sprouts new life which we see waking up in front of our eyes.
Most of us appreciate the fact that 2008 is a history with a huge relief. Quite an eventful year it was and all of it's turbulent months gave us a substantial amount of scare, a lot to think about and prompted us to take some actions. Real estate market, instability of our biggest investments - home and 401k's, stock market diving to below 8000, presidential election, bail outs, political scandals and the list goes on, and on...
But I am hopeful that this is going to be an absolutely "rebounding" year! There is a lot of speculation as all of us hear but from what I can conclude listening to economists and financial experts it is definitely "on the mend". Since the 80's we had two huge bear markets and historically we are due for a "good market". Real estate values balanced out from the price craziness of the last few years. They came back to historical 4% value appreciation. The mortgage rates are at their lowest ever. Consumers are refinancing and getting new loans. In November 2008, the U.S. personal savings rate had increased to 2.8% from negative savings rate. And judging from what was happenig in the malls all around the nation during December - Christmas shopping spree I and others can be pretty sure that we are getting out of economic doom.
Times are tougher for all of us, of course but we can sense a definite confidence among people that we are pulling through and getting smarter by learning from our mistakes. We are reevaluating our spending habits, yes...and we are cautious about making a big financial commitments. But these are wise and valuable lessons which will bring prosperity again...
Welcome 2009 with a big smile! 
As you read the stats below - notice that our market is strong, no significant changes in prices what has changed is the amount of units sold and a longer time on the market. It is important to remembe that we are in the "slow months" for real estate sales during holiday and winter months.
|
TOWN
|
YUKON
|
MUSTANG
|
|
Report Period
|
10-01-2008 to 12-31-2008
|
10-01-2008 to 12-31-2008
|
|
Units Sold
|
96
|
136
|
|
Average List Price
|
$142,000
|
$155,645
|
|
Average Sale Price
|
$138,319
|
$151,948
|
To see III quarter of 2008 stats click here.
