Summer 2010 Market Update
Market Commentary Provided by
Marge Crouch, CRS, GRI, SRES, ABR, APS

Great schools, large shopping center, great restaurants, friendly neighborhoods, only 20 minutes to downtown area w/sports, arts, theatre available.

Average Home Price $70,000 - View Graph Trend
Average Price Compared to Last Year Up 0-5%
Average Time on Market 60-90 days
Prices As % of Asking Price 95-100%
Existing Home Prices for the past 90 days are?
Market Trend Increasing
Buyers’ or Sellers’ Market More buyers than sellers
Seller Activity for the past 90 days in Lawrence Township is?
Multiple Offers? No
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?
Is Financing Available For Qualified Buyers?
Housing Inventory Good supply - Some Prices
Greatest Activity First-Time Buyers
Reason to Buy/Sell Job Growth
Housing Hot Spots Fort Benjamin Harrison, Geist reservoir, Castleton area.
Average Sold Price $70,000 - View Graph Trend

Lawrence Township Local News

Repeat Buyers & Investors With Cash Boosting Home Sales & Prices In Many Markets, New HouseHunt Survey Shows

For the first time in nearly three years, repeat buyers and investors have overtaken first-time buyers as sales leaders once again in the nation's housing market. As a result, prices of bank-owned REOs and properties involved in short sales are being bid up by multiple offers and cash buyers in many neighborhoods, according to the latest HouseHunt quarterly current market conditions survey.

"The current ratio of 58% to 42% favors repeat buyers," said Michael Bearden, president and CEO of HouseHunt, Inc. "This is an increase of 10 percentage points over a year ago and 24 points over six months ago. In a more balanced market of supply and demand, repeat buyers usually lead by a two-thirds ratio."

Click here for full article...


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Marge Crouch, CRS, GRI, SRES, ABR, APS
     317-557-5478

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Mortgage Rates
– Jul 30th, 2010 –
---------------------------------
 30 yr. fixed rate:     4.60%
 15 yr. fixed rate:     4.07%
  30 yr. jumbo rate:  5.42%
  15 yr. jumbo rate:  4.98%

Home Values
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Greentree Real Estate Group
Marge Crouch, CRS, GRI, SRES, ABR, APS Let Me Answer Your Questions! Ask Me!
Marge Crouch, CRS, GRI, SRES, ABR, APS
Greentree Real Estate Group

  317-557-5478
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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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