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Market Trends
Commentary Provided byMatt Clausen and Carla Faye Torkelson Buyers are also seeing the value in finding a lot and building a home since bldg. costs are running from $100/sq. ft. and up to $200/sq. ft. in expensive country club communities. Acreage is available at reasonable costs which is also appealing for those looking for more space and privacy. |
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| Report Date | Fall 2009 | ||
| Nearest Metro Area | Nashville, TN | ||
| Buyers’ or Sellers’ Market | More buyers than sellers | ||
| Average Time on Market | Less than 10 days | ||
| Market Trend | Increasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Average Home Price | $235,000 - View Graph Trend | ||
| Best Selling Price Range | |||
| Worst Selling Price Range | |||
| Compared to Last Year | Up 5-10% | ||
| Prices As % of Asking Price | 95-100% | ||
| Multiple Offers? | Yes | ||
| Greatest Activity | Single-Family Homes | ||
| Buyer Activity for the past 90 days in Hendersonville is | |||
| Seller Activity for the past 90 days in Hendersonville is | |||
| Is Financing Available For Qualified Buyers in Hendersonville? | |||
| Existing Home Prices for the past 90 days are | |||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | |||
| Housing Hot Spots | Newer developments in the $270,000-$400,000 range are being gobbled up by newcomers to the area. They are surprised at how much home they can have for the money...value! | ||
| Reason to Buy/Sell | Population Growth | ||
| Average Sold Price | $235,000 - 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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Matt Clausen and Carla Faye Torkelson
Clausen Group Realtors Gallatin, Tennessee 615-452-8700 clausengroup@comcast.net Agent Home Page 
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Hendersonville Local News
Great news! $8000 Tax Credit Extended! - Friday November 6th, 2009 3:57pm
Great News! The House and Senate both APPROVED an extension of the tax credit for home purchasers through April 30, 2010.
Here are the basics:
• First Time-Homebuyers still receive an $8,000 tax credit. Single buyers receive $4,000.
• Income limits have increased from $75,000 for single tax filers to $125,000 and from $150,000 to $225,000 for joint tax filers. Big increases!
• Non First-Time Homebuyers who have lived in their primary residence for at least 5 of the last 8 years now qualify for a $6,500 tax credit. Again, single homebuyers qualify for $3,200
• Cap on purchases is $800,000.
• There are additional tax incentives and provisions…check with your CPA.
Call for more information…Clausen Group Realtors — 615-452-8700. Let us negotiate a great deal for you on a Short Sale, Foreclosure, new construction or Resale home!
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615-452-8700
