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Land Sales Report August 2008 For Polk County Tennessee

09-09-08
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 - August 2008
Average List Price $105,500
Average Sold Price$96,800
Average Days On The Market (DOM)464
Total Number Of Parcels Sold 2
Total Dollars Value Of Land Sold $193,600
Land Parcels Currently For Sale266
Polk County Tennessee Land Sales Report - August 2007
Average List Price $64,133
Average Sold Price$59,666
Average Says On The Market (DOM) 149
Total Number Of Parcels Sold 3
Total Dollar Value Of Land Sold $179,000
Summary: Land sales are off in the number of parcels sold compared to last year in the month of August. This is a real mixed bag as half the number are worse than last year and half are better. Most of the numbers showing better than last year are due to both sales being larger parcel or high value parcels and don't indicate a shift in value. Until new construction recovers from over building we will only see limited improvements in this area of the market. What does this mean to you? Be ready to just buckle up for a wait and or price your property very very aggressively. If you get an offer and it is anywhere close 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 Home Sales Report For June 2008

08-26-08
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 - June 2008
Average List Price $79,142
Average Sold Price$77,842
Average Days On The Market (DOM)57
Total Number Of Homes Sold 6
Total Dollars Value Of Homes Sold $544,900
Homes Currently For Sale115
Polk County Tennessee Home Sales Report - June 2007
Average List Price $192,827
Average Sold Price$183,900
Average Says On The Market (DOM) 190
Total Number Of Homes Sold 11
Total Dollar Value Of Homes Sold $2,022,901
Summary: This is a very negative report in almost every way. While this is a small snapshot since it is only one month it should be taken with some grain of salt but it is strongly indicative of continued slowing in the market place. What does this mean to you? If you want to sell your home you had better price it very aggressively and be ready to wait a while. When deciding whether to accept an offer or to reduce your asking price take into consideration how much of your payment on the home is and how much of that is interest. The interest you pay every month is lost money and a price reduction or acceptance of a lower offer may really save you money in the long run. 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 June 2008

08-26-08
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 - June 2008
Average List Price $41,966
Average Sold Price$37,300
Average Days On The Market (DOM)270
Total Number Of Parcels Sold 3
Total Dollars Value Of Land Sold $111,900
Land Parcels Currently For Sale265
Polk County Tennessee Land Sales Report - May 2007
Average List Price $43,595
Average Sold Price$34,845
Average Says On The Market (DOM) 358
Total Number Of Parcels Sold 10
Total Dollar Value Of Land Sold $348,450
Summary: While some of these indicators are very positive they are offset by the drastic decrease in the number of properties sold. So much weight should be given to the huge decrease in the number sold that it turns this report into a virtually completely negative report. What does this mean to you? Be ready to price your land very aggressively and or just buckle up for a wait as the pending sales numbers are no better at all. If you get an offer and it is anywhere close and you want to sell 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 Homes Sales Report For July 2008

08-26-08
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 - July 2008
Average List Price $124,937
Average Sold Price$116,562
Average Days On The Market (DOM)100
Total Number Of Homes Sold 8
Total Dollars Value Of Homes Sold $932,500
Homes Currently For Sale114
Polk County Tennessee Home Sales Report - July 2007
Average List Price $165,800
Average Sold Price$157,628
Average Says On The Market (DOM) 137
Total Number Of Homes Sold 7
Total Dollar Value Of Homes Sold $1,101,400
Summary: This is a refreshing report compared to last months for sure and just underscores the overall uncertainty the market as a whole is facing. What does this mean to you? Not everything is doom and gloom. Stick with it and price your home right be absolutely sure that you make your home the very best for every showing so that the few buyers out there looking see your with its best foot forward. Leave all the lights on before the showing and maybe even back some cookies just before leaving! 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 Stats For May 2008

06-13-08
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 - May 2008
Average List Price $66,750
Average Sold Price $60,000
Average Days On The Market (DOM) 259
Total Number Of Parcels Sold 6
Total Dollars Value Of Land Sold $360,000
Land Parcels Currently For Sale 245
Polk County Tennessee Land Sales Report - May 2007
Average List Price $29,158
Average Sold Price $24,200
Average Says On The Market (DOM) 112
Total Number Of Parcels Sold 5
Total Dollar Value Of Land Sold $121,000
Summary: This is an excellent report in most ways. The average price is up as well as the percentage of the list price that the properties are selling for is up to 90% from 83% last year for the same period of time. The one big negative is the fact that their is so much for sale and that the days on the market are correspondingly longer. What does this mean to you? If you are selling you had better price your property very well if you want to sell quickly and even then be prepared to wait a while. If you are buying you have lots of choices but the sellers as a whole are not coming down significantly from their prices. If you are interested in buying or selling land in Polk County be sure to give me a call for the specific info on your property or the market you are looking to buy in. Craig Harding RE/MAX Rivergate 423-338-7300
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