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Market Trends
Commentary Provided byGeorge J. Tucci Jr. What a fantastic fall market we just had here in Cicero. 1st time buyers are getting the opportunity to own a home with great value and low interest loans. Move up buyers have a great selection of well valued homes. Now that the stimulus package has been extended and expanded to include existing home owner’s, The winter market should be excellent and rates continue to stay under 6%. |
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| Report Date | Winter 2010 | ||
| Nearest Metro Area | Syracuse | ||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||
| Average Time on Market | 60-90 days | ||
| Market Trend | Increasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Inventory Comments | Cicero currently has an excellent inventory of new and resale homes in most price ranges. | ||
| Average Home Price | $175,000 - View Graph Trend | ||
| Best Selling Price Range | $100,000 - $149,000 | ||
| Worst Selling Price Range | $350,000 - $399,000 | ||
| Compared to Last Year | Down 0-5% | ||
| Prices As % of Asking Price | 90-95% | ||
| Multiple Offers? | Yes | ||
| Multiple Offers Commentary | Like always, Here in Cicero, the good listings don't last. They sell for over full price with multiple offers. | ||
| Greatest Activity | Repeat Buyers | ||
| Buyer Activity for the past 90 days in Cicero is | Increasing | ||
| Seller Activity for the past 90 days in Cicero is | Increasing | ||
| Is Financing Available For Qualified Buyers in Cicero? | Yes | ||
| Existing Home Prices for the past 90 days are | No Change | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 0-5% | ||
| Housing Hot Spots | The Crossings, The Pastures and Gulfstream by the Lake | ||
| Reason to Buy/Sell | Job Growth | ||
| Average Sold Price | $175,000 - 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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George J. Tucci Jr.
CENTURY 21 Tucci Realty Cicero, New York 315-458-9000 ex.227 GeorgeTucciJr@agents.househunt.com Agent Home Page 
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Cicero Local News
News for Cicero, NY - Monday June 15th, 2009 10:18am
What a fantastic fall market we just had here in Cicero. 1st time buyers are getting the opportunity to own a home with great value and low interest loans. Move up buyers have a great selection of well valued homes. Now that the stimulus package has been extended and expanded to include existing home owner's, The winter market should be excellent and rates continue to stay under 6%.
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315-458-9000 ex.227
