|
Summer 2010 Market Update
Market Commentary Provided byTracy Reeves, Melissa Boykin and Kevin Ryan If you can qualify, now is an exceptional time to buy a home in Lake Wylie North. Low rates with falling home prices makes a home purchase a great value! Call now for more information at Tracy @ 803-981-2773 or Melissa @ 803-242-2743 |
|
| Average Home Price | $400,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 0-5% |
| Average Time on Market | More than 120 days |
| Best Selling Price Range | $350,000 - $399,000 |
| Worst Selling Price Range | $950,000 - $999,000 |
| Prices As % of Asking Price | 95-100% |
| Existing Home Prices for the past 90 days are? | Decreasing |
| Market Trend | No Change |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in Lake Wylie North is | Increasing |
| Seller Activity for the past 90 days in Lake Wylie North is? | Increasing |
| Multiple Offers? | Yes |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Good supply - Some Prices |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Job Growth |
| Nearest Metro Area | Lake Wylie |
| Housing Hot Spots | Water front and available land. |
| Average Sold Price | $400,000 - View Graph Trend |
Lake Wylie North 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...
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...
Contact Me
Send me an Email
Tracy803-981-2773,Melissa803-242-2743,Kevin704-678-2068Blog Archives
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
StreetZip Code
 |
|||
|
 Ask Me!
Tracy Reeves, Melissa Boykin and Kevin Ryan
Keller Williams Realty |
Tracy803-981-2773,Melissa803-242-2743,Kevin704-678-2068 |
|
| Receive New Listings by Email | Get Free Monthly Newsletter | Find Lake Wylie North Homes for Sale | Search Lake Wylie North Real Estate | ||
(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.)
North Carolina Homes for Sale |
North Carolina Real Estate News | Homes for Sale |
Real Estate Market News | Hot Markets
| Agents Join
“Your #1 resource for finding Homes for Sale, How Much My Home is Worth, Community Information and Real Estate Agents!”
© Copyright 1995-2010 HouseHunt Inc - All Rights Reserved