New Real Estate Listings

August 16, 2008
$ 109,900 Lebanon Wonderful Neighborhood - 3 bedroom 2 bath 1315 sqft 0.28 acres

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Weekly Market Report 8-15-08

August 15, 2008
This report pertains to residential homes on less than 10 acres sold from Aug 8th to Aug 14th as reported by the Lebanon Board of Realtors MLS.

Over the last week there were 6 homes sold for a total of 862k. The average price of these homes was almost 144 thousand with the median price at 115K, these homes had an average time on the market of 150 days. There are currently 15 homes listed as under contract in the Lebanon MLS and those homes have an average price of 130,000.

Year to date there have been 171 homes sold, that’s down from last years 212 during the same time frame, the average price is 109 thousand dollars, down from last years 112.5K; the YTD volume of 18.7 million is under last years 23.8 million. Our average time on the market this year has been 141 days, that’s up some from last years 133 day average.

As of this morning there were 398 homes with less than 10 acres, listed with the Lebanon MLS compared to 325 last year in the same week. The average asking price is 147k with median asking price of just about 120; these homes have an average time on the market of 136 days.
With all the changes in the Real Estate Market Nationally we all know that the mortgage industry has made many changes. Many of these changes are good for our industry but some of them might hurt the good people they were intended for. Despite what you hear on the news it is still possible to buy a home for little or no money down. Working with the right lender is an important part of the process of buying a home and knowing your loan options are can be complex. A well qualified buyer still has many options and a good Realtor will be able to give you information about each of those options and refer you to lenders who can process your loan. If you are new to buying a home don’t be intimidated by the process, hire an experienced, full time, professional realtor and they will guide you through the details and ensure you have a full understanding of process.

New Real Estate Listings

August 15, 2008
$ 64,900 Lebanon Wooded Land w/ River Frontage - 9.74 acres

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New Real Estate Listings

August 15, 2008
$ 64,900 Lebanon Wooded Land w/ River Frontage - 9.74 acres

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New Real Estate Listings

August 14, 2008
$ 79,500 Lebanon Neat as a Pin! - 2 bedroom 1 bath 772 sqft 2 acres

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Market Report 8-1-08

August 01, 2008
This report pertains to residential homes on less than 10 acres sold from July 1st to July 31th as reported by the Lebanon Board of Realtors MLS.

Over the last month there were 28 homes sold for a total of 3.2 million. The average price of these homes was almost 114 thousand and the median price at 108K these homes had an average time on the market of 131 days. There are currently 14 homes listed as under contract in the Lebanon MLS and those homes have an average price of 118,000.

Year to date there have been 164 homes sold, that’s down from last years 198 during the same time frame, the average price is
108 thousand dollars, down from last years 112K; the YTD volume of 17.7 million is under last years 22.2 million. Our average time on the market this year has been 139 days, that’s up some from last years 134 day average.

As of this morning there were 389 homes with less than 10 acres, listed with the Lebanon MLS compared to 323 last year in the same week. The average asking price is 149k with median asking price of just about 124; these homes have an average time on the market of 133 days.

New Real Estate Listings

August 01, 2008
$ 399,900 Lebanon Beautiful Home on Over 3 Acres - 4 bedroom 4 bath 6759 sqft 3.26 acres

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New Real Estate Listings

July 29, 2008
$ 189,000 Lebanon Priced to Sell!!! - 4480 sqft

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Mid Year Market Report 2008

July 11, 2008
This report pertains to residential homes on less than 10 acres sold in Laclede County between January 1 2008 and June 30 2008 as reported by the Lebanon Board of Realtors MLS.

The totals number of homes sold on less than 10 acres so far this year is 136, those homes sold for a total of just around 14.5 million, that was down 17% from 2007’s 18.3 during the same time frame. Total dollar volume this year is down 18% from last year. And looking back to 2006 our total sales are down almost 35% compared to the first half of 06.

The average price for sold homes in this category was around $107k with a median price of almost $93k The average was is down 4% from 07’s 111k and the median price had a 3% decrease from 96k in 07.

The average days on the market for sold homes this year is 141 days. Quite a bit more than 2007’s 125 days.

The list price to sale price ratio for these sold homes was 95% with an average of just over $5400 negotiated off the asking price. In 07 sellers better @ 96% with close to 5100 average negotiation.

As of July 11th 2008 there were 376 homes on the market in Laclede County with less than 10 acres listed with the Lebanon MLS, that is a 15% increase over July of last year. The average asking price is almost $147 and a median asking price of just about $123; these homes have an average time on the market of 143 days.

Laclede county real estate owner are feeling the effects of our down market but it is still more stable than many areas of the country. The good part is that if you are in the market to buy, and most sellers are, you can find good deals from motivated sellers

New Real Estate Listings

July 09, 2008
$ 109,900 Lebanon Charm and Character - 4 bedroom 2 bath 2200 sqft 0.28 acres
$ 55,000 Lebanon Cabin in the Woods - 2 bedroom 2 bath 924 sqft 0.78 acres

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New Real Estate Listings

June 25, 2008
$ 1,650,000 Lebanon Beautiful Setting - 4 bedroom 5 bath 8438 sqft 70.45 acres
$ 149,900 Lebanon Great Location - 3 bedroom 2 bath 1656 sqft 3 acres

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New Real Estate Listings

June 18, 2008
$ 495,000 Lebanon Wonderful Location - 7000 sqft 0.52 acres

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Weekly Market Report 6-13-08

June 13, 2008
This report pertains to residential homes on less than 10 acres sold from May 31st to June 12th as reported by the Lebanon Board of Realtors MLS.

Over the last 2 weeks there were 9 homes sold for a total of 1.2mill. The average price of these homes was almost 140 thousand and the median price at 123K as well these homes had an average time on the market of 109 days. There are currently 24 homes listed as under contract in the Lebanon MLS and those homes have an average price of 112,500.

Year to date there have been 116 homes sold, that’s down from last years 146 during the same time frame, the average price is
105 thousand dollars, down from last years 111K; the YTD volume of 12.1 million is under last years 16.2 million. Our average time on the market this year has been 135 days, that’s up some from last years 120 day average.

As of this morning there were 384 homes with less than 10 acres, listed with the Lebanon MLS compared to 316 last year in the same week. The average asking price is 150k with median asking price of just about 125; these homes have an average time on the market of 135 days.
With the use of the internet continues to be on the rise, the real estate industry is leading the pack in consumer services. Real Estate is big online and if you are searching for a home or a realtor it’s easy to get lost in it all. I always suggest that people use REALTOR.com. REALTOR.com is the only site owned and endorsed by the national association of realtors. You will find all the listings in an area on that site because they are linked directly to every local MLS. There are a lot of other sites that can provide you similar and sometimes better information, but they will often times leave out a large percentage of the homes for sale in an area. If you are shopping for a realtor, be sure and visit their office and individual web sites so that you can get a good feel for their marketing and internet presence. Marketing online is an important factor for buyers, sellers and realtors, be sure that if you are in the market, that you are familiar with all the option on the internet, and be sure to ask someone you trust if you have questions.

New Real Estate Listings

June 13, 2008
$ 279,900 Lebanon Beautiful Home - 4 bedroom 3 bath 3600 sqft 0.3 acres
$ 119,000 Lebanon Country Living - 5 bedroom 2 bath 3300 sqft 3 acres

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New Real Estate Listings

June 10, 2008
$ 749,900 Lebanon Beautiful Brick Home - 5 bedroom 5 bath 7200 sqft 5.97 acres

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