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Polk County Tennessee Home Sales Report - April 2009

05-27-09
Craig Harding
Craig Harding: Real Estate Agent in Cleveland, TN
  • view my blog
  • Office: (423) 338-7300
  • Mobile: (423) 443-6460
  • Secondary: (423) 650-4422
Polk County Tennessee Home Sales Report - April 2009
Average List Price $140,000
Average Sold Price $140,750
Average Days On The Market (DOM) 184
Total Number Of Homes Sold 2
Total Dollars Value Of Homes Sold $281,500
Homes Currently For Sale 132
Polk County Tennessee Home Sales Report - April 2008
Average List Price $110,680
Average Sold Price $107,405
Average Says On The Market (DOM) 122
Total Number Of Homes Sold 10
Total Dollar Value Of Homes Sold $1,074,050
Summary: This month when compared with the same month in 2008 shows an almost 74% decrease in the total dollars of real estate sold. That is huge and very ugly! If you look at it in number of homes sold it is down by 80%. Clearly this is NOT a good report! Prices have by no means recovered and buyers apear to be very slow to come back to the table and are picking up only the best priced homes. What does this mean to you? If you need to sell and you get an offer (a chance to sell) then sell now and buy while it is still an excellent buyers market and before interest rates increase. If you are thinking of waiting to see if the prices go down even more remember that for every 1% that interest rates go up you will on average have to be able to get the house for 9-10% less just to be at the same place you are today if you have to get a loan. Do the math and you will see it is time to buy. If you are a buyer this is your chance for great selection and great price leverage! Buy but get the home you want and BUY GOOD and then if you stay in it for a few years and you should do just fine if not very well off. If you are interested in marketing your property or are looking for a good deal to buy then just give me a call. Craig Harding RE/MAX Rivergate in Ocoee TN 423-338-7300 or Direct at 423-650-4422
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Polk County Tennessee Land Sales Report - April 2009

05-27-09
Craig Harding
Craig Harding: Real Estate Agent in Cleveland, TN
  • view my blog
  • Office: (423) 338-7300
  • Mobile: (423) 443-6460
  • Secondary: (423) 650-4422
Polk County Tennessee Land Sales Report - April 2009
Average List Price $35,950
Average Sold Price $28,700
Average Days On The Market (DOM) 55
Total Number Of Parcels Sold 2
Total Dollars Value Of Land Sold $57,400
Land Parcels Currently For Sale 270
Polk County Tennessee Land Sales Report - April 2008
Average List Price $41,666
Average Sold Price $44,000
Average Says On The Market (DOM) 44
Total Number Of Parcels Sold 3
Total Dollar Value Of Land Sold $132,000
Summary: This is a poor report. What does this mean to you? Price your property very very aggressively. IF you get an offer then take it very seriously and dont counter for just anything as it is important not to miss a good opportunity. As most people know building is dead for the most part and this continues to hurt land sale big time! If you get an offer and it is anywhere close to what you can accept and you want to sell, then sign the offer and do what they ask. Craig Harding RE/MAX Rivergate in Ocoee TN 423-338-7300 *All numbers based on sales reported in RCAR for both time periods.
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Polk County Tennessee Home Sales Report For March 2009

04-03-09
Craig Harding
Craig Harding: Real Estate Agent in Cleveland, TN
  • view my blog
  • Office: (423) 338-7300
  • Mobile: (423) 443-6460
  • Secondary: (423) 650-4422
Polk County Tennessee Home Sales Report - March 2009
Average List Price $94,512
Average Sold Price $88,862
Average Days On The Market (DOM) 162
Total Number Of Homes Sold 8
Total Dollars Value Of Homes Sold $710,900
Homes Currently For Sale 129
Polk County Tennessee Home Sales Report - March 2008
Average List Price $118,700
Average Sold Price $112,721
Average Says On The Market (DOM) 116
Total Number Of Homes Sold 7
Total Dollar Value Of Homes Sold $789,050
Summary: This month when compared with the same month in 2008 shows an almost 10% decrease in the total dollars of real estate sold. If you look at it in number of homes sold it is up by 12.5%. Clearly this is a good report. Prices have by no means recovered but buyers are starting to come back to the table and pick up the best priced homes. What does this mean to you? If you need to sell and you get an offer (a chance to sell) then sell now and buy while it is still an excellent buyers market and before interest rates increase. If you are thinking of waiting to see if the prices go down even more remember that for every 1% that interest rates go up you will on average have to be able to get the house for 9-10% less just to be at the same place you are today if you have to get a loan. Do the math and you will see it is time to buy. If you are a buyer this is your chance for great selection and great price leverage! Buy but get the home you want and buy good and then if you stay in it for a few years and you should do just fine if not very well. If you are interested in marketing your property or are looking for a good deal to buy then just give me a call. Craig Harding RE/MAX Rivergate in Ocoee TN 423-338-7300 or Direct at 423-650-4422
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Polk County Land Sales Report-March 2009

04-03-09
Craig Harding
Craig Harding: Real Estate Agent in Cleveland, TN
  • view my blog
  • Office: (423) 338-7300
  • Mobile: (423) 443-6460
  • Secondary: (423) 650-4422
There where no land sales reported to the MLS for Polk County Tennessee this month (March 2009) and only one in March 2008. If you need to sell your land it is time to reduce the price to induce buyers off the sidelines. If you are interested in selling your property or buying just call Craig Harding RE/MAX Rivergate 423-338-7300 or Direct 423-650-4422
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Polk County Tennessee Home Sales Report - February 2009

03-11-09
Craig Harding
Craig Harding: Real Estate Agent in Cleveland, TN
  • view my blog
  • Office: (423) 338-7300
  • Mobile: (423) 443-6460
  • Secondary: (423) 650-4422
Polk County Tennessee Home Sales Report - February 2009
Average List Price $52,100
Average Sold Price $50,000
Average Days On The Market (DOM) 114
Total Number Of Homes Sold 2
Total Dollars Value Of Homes Sold $100,000
Homes Currently For Sale 111
Polk County Tennessee Home Sales Report - February 2008
Average List Price $144,171
Average Sold Price $136,928
Average Says On The Market (DOM) 173
Total Number Of Homes Sold 7
Total Dollar Value Of Homes Sold $958,500
Summary: This month when compared with the same month in 2008 shows an almost 89.6% decrease in the total dollars of real estate sold. If you look at it in number of homes sold it is down by 71.4%. Clearly this is not a good report even though it is deceptive due to being on only 2 properties. What does this mean to you? If you don't need to sell then dont! If you need to sell and you get an offer (a chance to sell) then sell now and buy in an excellent buyers market. If you are thinking of waiting to see if the prices go down even more remember that for every 1% that interest rates go up you will on average have to be able to get the house for 9-10% less just to be at the same place you are today if you have to get a loan. Waiting isn't always better if you do the math. If you are a buyer this is your chance for great selection and great price leverage! Buy but get the home you want and buy good and then if you stay in it for a few years and you should do just fine if not very well. If you are interested in marketing your property or are looking for a good deal to buy then just give me a call. Craig Harding RE/MAX Rivergate in Ocoee TN 423-338-7300 or Direct at 423-650-4422
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