I come to you today with great news with a bitter-sweet twist. We had 10 homes go under contract last week! I can't remember the last time we saw that...it's been awhile and definitely not this year. While that is very encouraging, it's not great news for those trying to sell their houses in the mid to upper range as 8 of those listings were priced under $200,000. I can't think of a better time to be a first time home buyer. Rates are historically low, prices have come way down, and that $8,000 tax credit really sweetens the deal. Mid and upper range buyers are still few and far between as most have houses of their own to sell.

Of the 8 closed sales last week, none of them were short sales or bank owned!!

Average rates today 5.125% on a 30 year fixed and 4.750% on a 15 year.

CLOSED SALES: 4/20/2009 - 4/26/2009
2101 HARRISON AVE: 3/2/1 - 2,177 sq/ft - $365,000
1310 BELLEAIRE CIR: 4/3/1 - 3,156 sq/ft - $490,000
2035 COUNTRY SIDE CIR: 2/2 - 1,502 sq/ft - $196,000
3123 EAGLE BLVD #f: 3/1/1 - 1,220 sq/ft - $179,750
3512 FAIRWAY LN: 3/1 - 944 sq/ft - $124,500
2216 AMHERST AVE: 3/2/1 - 1,608 sq/ft - $245,000
1902 N WESTMORELAND DR: 2/1 - 830 sq/ft - $185,000
616 W HAZEL ST: 2/2 - 1,279 sq/ft - $275,000


OTHER MARKET ACTIVITY: 4/27/2009 - 5/3/2009
New Listings: 7
Pending Sales: 10
Price Reductions: 25

PRESENTLY ON THE MARKET: 5/3/2009
Active Listings: 284
Under 100K: 9
100K - 199,999: 59
200K - 299,999: 78
300K - 399,999: 47
400K - 499,999: 20
500K - 599,999: 20
600K - 699,999: 18
700K - 799,999: 7
800K - 899,999: 9
900K - 999,999: 4
Over $1,000,000: 13
Total Pending Sales: 37

The above numbers come from single family homes and condos listed in the MLS in the 32804 zip code. Please contact me for more specific information, or for statistics on commercial property or vacant land.