Foreclosures - Are you getting the best buy?

californiadon posted this 1 1,327 Views

Foreclosures: Several buyers have been asking me about the foreclosed (REO) homes and condominium opportunities in the marketplace. It seems that the more REO properties we have in the marketplace, the less attractive these opportunities are. The logic seems crazy, I know. If it were only based on the simple economic fact that the more homes in the marketplace for sale... the more downward the price pressure on the existing inventory and therefore the pricing ...except in the case that mo...

Indianapolis Real Estate - Market Report - October 2007

Indy Realtor posted this 1,035 Views

I don’t normally like to do a report just on Indianapolis real estate because I feel that it too broad of a search to get a realistic picture of what is going on in the marketplace.  However, it does provide some good overall data that can be used to compare with some more local statistics.  So, I will give the Indianapolis numbers and then follow it up broken down by townships so that we can see how the individual townships fare as compared to the overall market.  ...

Northville Real Estate Market Update In Nov, 2007

MARK Z posted this 1,158 Views

It's amazing how many times I am on a competitive listing appointment in the Northville Real Estate market, or for that matter any Michigan Real Estate market, and I pull out the market stats for that area and the seller has never seen them before.  For whatever reason, most agents know nothing about their market statistics.  My question is how can a sales professional properly price a property without knowing in which direction the market is heading?  How can you price a p...

Lely Resort Real Estate Sales Update - January to September 2007

Gulf Coast Associates posted this 2,794 Views

The January thru September real estate market statistics for both Lely Resort home and condominium sales are listed below. Lely Resort is an upscale gated golf community that includes an amenity rich, sophisticated and luxurious style of living and is considered one of Naples' premier communities. Lely Resort Sales Data Lely Resort Home Sales Jan-Sept 2007*: 45 Closed Sales Average Sales Price - $655,902 Average Days on Market - 189 Price/Sq. Foot - $283.04 Lel...

About Deep Creek Lake, MD

jbell@railey.com posted this 825 Views

A lot of prople know of the Deep Creek Lake area... but... don't know much about the area itself. I complied a short summery of the area below. Please feel free to email me JBell@Railey.com if you have any other questions about the area.     About Deep Creek Lake, MD:   Deep Creek Lake is located in Garrett County and is the largest fresh water lake in the state of Maryland. The lake was constructed in 1925 as a hydro-electric plant with approximatel...

The two best home deals in Rehoboth Beach. Summercrest and Sterling Crossing.

Coastal posted this 4,644 Views

$299,000 for a three bedroom home in Rehoboth Beach Delaware is almost unheard of yet they are currently available in both the community of Sterling Crossing and Summercrest. Summercrest (built by Anderson homes) is such a good deal that in one month during the summer they were able to sell 20 units. During the same time period most builders were lucky to sell one or two units per month.  The least expensive model starts at $299K - $309K As of November 5th 2007 they had around 47 tot...

Fishers Residents - Answer Your Door

Indy Realtor posted this 1,002 Views

Due to Fisher’s population boom, the town of Fishers has ordered a special census to count every single resident in the city.  For the second time since 2000, Fishers thinks it needs to recount the population in order to capture a higher percentage of the state taxes.  The higher the population is, the more Fishers gets in state taxes; if their estimates are correct they think the population has risen to 62,000 which would mean an additional $1.2 per year in state taxes.&nbsp...

Panama City Florida Real Estate Sellers, I have buyers...

Jennifer Mackay posted this 905 Views

I've done 6 open houses in as many weeks, and the buyers have been out and looking! The Panama City Florida Real Estate market while not what it was 2 years ago, is alive and well. Sellers, I am currently working with buyers in the market for: Rental Units - Multi-units (duplexes thru quads), Attached Sngle Family units etc. Detached Single Family Homes - I have several out of state families interested in relocating to the Panama City, Florida area.  Homes with 3...

Developers In Oakland Resorting to Auctions

Oakland Ca Real Estate posted this 1 2,151 Views

There were a couple of real estate auctions this weekend, one in the Central Valley and one in Pinole (Contra Costa County, 20 mins from Oakland). Developers are resorting to auctions now in some parts of the Bay Area to move some of the inventory they have piled up. Basically people are buying homes at a 20-30% below what they were listed for, and for those who are interested in new construction, an auction may be the way to go if they are having one in an area you like. Elk Grove, (fas...

Affordable Beach Homes?

Coastal posted this 1,525 Views

Are you looking for a great deal on a Delaware waterfront beach house but don't have the $2 million +  that it would cost you to buy a home in Lewes Beach or Rehoboth Beach? Only 15 minutes to the north lies Broadkill Beach where Bayfront homes can be had for less than $600,000  The only difference between homes in Lewes Beach and Broadkill is the amount of traffic you will have to drive through on your way from points north and the price. Broadkill can be as much as 30 minutes clos...