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Market Trends
Commentary Provided byCindy and David Becker If you can qualify, now is an exceptional time to buy a home. Low interest rates and prices still at year 2000 levels make home ownership a no brainer! Call David Becker now for more information at 612-203-1760 or davidb2@remax.net |
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| Report Date | Fall 2009 | ||
| Nearest Metro Area | Minneapolis-St. Paul | ||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||
| Average Time on Market | 30-60 days | ||
| Market Trend | Increasing | ||
| Housing Inventory | Limited Supply | ||
| Inventory Comments | Good deals still to be had, but they are snapped up quickly. Little time remains for homebuyers that have not owned a home in the past 3 years to take advantage of the Federal Tax Credit as you would need to have an accepted contract by mid October to close a sale by November 30, 2009. | ||
| Average Home Price | $150,000 - View Graph Trend | ||
| Best Selling Price Range | $100,000 - $149,000 | ||
| Worst Selling Price Range | $250,000 - $299,000 | ||
| Compared to Last Year | Up 0-5% | ||
| Prices As % of Asking Price | 95-100% | ||
| Multiple Offers? | Yes | ||
| Greatest Activity | First Time Buyers | ||
| Buyer Activity for the past 90 days in Belle Plaine is | Increasing | ||
| Seller Activity for the past 90 days in Belle Plaine is | No Change | ||
| Is Financing Available For Qualified Buyers in Belle Plaine? | Yes | ||
| Comments on Financing For Qualified Buyers | Belle Plaine is eligible for 'ZERO DOWN' Rural Development loans. A buyer can still purchase for little or no cash out of pocket and still take advantage of the Federal Tax Credit available until December 1, 2009 currently. | ||
| Existing Home Prices for the past 90 days are | Increasing | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 25-30% | ||
| Housing Hot Spots | Most cities within the Scott County area are considered 'Housing Hotspots' | ||
| Reason to Buy/Sell | Easy commuting to Minneapolis or Mankato from Belle Plaine's central location make it a perfect place to call home for additional employment options. | ||
| Average Sold Price | $150,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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Cindy and David Becker
RE/MAX Home Choice Belle Plaine, Minnesota 612-636-7800 sevensprint@aol.com Agent Home Page 
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Belle Plaine Local News
News for Belle Plaine, MN - Friday October 2nd, 2009 5:33pm
The inventory of homes in Belle Plaine continues to remain low, 81 homes at all prices. The 10%, to $8000 buyer tax credit is helping homes priced under $200,000 with 18 sales pending as of 10/2/09. There are newly listed bank owned homes and seller owned short sales coming on the market. This trend will continue as foreclosure activity remains active.
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