This report pertains to residential homes on less than 10 acres sold for the week of Sept 21st to Sept 27th as reported by the Lebanon Board of Realtors MLS.
This week there were 4 homes sold for a total of 657 thousand. The average price of these homes was 164 and the median price at 140 these homes had an average time on the market of 299 days. There are currently 18 homes listed as under contract in the Lebanon MLS and those homes have an average price of 121 thousand.
Year to date there have been 243 homes sold, down from last years 304 during the same time frame, the average price is 115 thousand dollars compared to last years 104K; the YTD volume of 27.9 million is under last years 31.7 million. Our average time on the market this year has been 141 days, that’s up from last years 112 day average.
As of this morning there were 350 homes with less than 10 acres, listed with the Lebanon MLS. The average asking price is 151 with median asking price of just about 129; these homes have an average time on the market of 126 days.
For those of you who were watching NBC this morning you had a chance to witness an interesting exchange between financial analyst Jim Cramer and National association of realtor vice president Charles McMillon. Mr Cramer, along with most of the media, forgets that real estate is local, they tend to tell the whole country that buying a home would be a mistake. NAR’s VP Mc Millon did a poor job defending those of us who work in a small rural and mid western market. The reality as it relates to Laclede county is this, some coastal markets have seen as much as a 60% drop in home values in the last year, that sound extreme until you also hear that those same markets have had as much as 100% appreciation from 2002 to 2006, no wonder its tanked. Here in Laclede county our average sale price has continued to increase despite fewer sales than a year ago. In fact between 2004 and 2006 there has been a modest 16% increase in the average sale price on homes with less than 10 acres, that equates to a little over 5% per year. There is never really a bad time to buy in a market as relatively stable as ours. We are blessed to live in such a stable and rewarding community, be sure not to listen to all the dooms day media moguls who don’t know our market. Count on me to keep you informed about the truth of our real estate market.
Archive for September of 2007
Weekly Market Report 9-28-07
September 28, 2007Weekly Market Report 9-21-07
September 21, 2007
This report pertains to residential homes on less than 10 acres sold for the week of Sept 14th to Sept 20th as reported by the Lebanon Board of Realtors MLS.
This week there were 6 homes sold for a total of 745 thousand. The average price of these homes was 124 and the median price at 137 these homes had an average time on the market of 89 days. There are currently 18 homes listed as under contract in the Lebanon MLS and those homes have an average price of 139 thousand.
Year to date there have been 239 homes sold, down from last years 296 during the same time frame, the average price is 114 thousand dollars compared to last years 105K; the YTD volume of 27.3 million is under last years 31 million. Our average time on the market this year has been 139 days, that’s up from last years 112 day average.
As of this morning there were 356 homes with less than 10 acres, listed with the Lebanon MLS. The average asking price is 151 with median asking price of just about 130; these homes have an average time on the market of 123 days.
As most people know the internet is being used by the majority of buyers when they begin searching for a home, and more often sellers are using the internet to find a REALTOR. We are proud of the content on our web site and invite you to visit it at lebanonrealtyx.com. There you will find great tips for buyers and sellers, you can also listen to past market reports, or just view homes for sale. You can request a list of home foreclosures or sign up to receive new listings in your e-mail. Our site is full of video content and is a great way to see how hard we will work for you. We understand the importance of using the internet to attract buyers, and we are using it to better service our clients. We are confident that our web site is on the leading edge and we invite you to visit it and compare it to our competitors before you choose a Realtor.
This week there were 6 homes sold for a total of 745 thousand. The average price of these homes was 124 and the median price at 137 these homes had an average time on the market of 89 days. There are currently 18 homes listed as under contract in the Lebanon MLS and those homes have an average price of 139 thousand.
Year to date there have been 239 homes sold, down from last years 296 during the same time frame, the average price is 114 thousand dollars compared to last years 105K; the YTD volume of 27.3 million is under last years 31 million. Our average time on the market this year has been 139 days, that’s up from last years 112 day average.
As of this morning there were 356 homes with less than 10 acres, listed with the Lebanon MLS. The average asking price is 151 with median asking price of just about 130; these homes have an average time on the market of 123 days.
As most people know the internet is being used by the majority of buyers when they begin searching for a home, and more often sellers are using the internet to find a REALTOR. We are proud of the content on our web site and invite you to visit it at lebanonrealtyx.com. There you will find great tips for buyers and sellers, you can also listen to past market reports, or just view homes for sale. You can request a list of home foreclosures or sign up to receive new listings in your e-mail. Our site is full of video content and is a great way to see how hard we will work for you. We understand the importance of using the internet to attract buyers, and we are using it to better service our clients. We are confident that our web site is on the leading edge and we invite you to visit it and compare it to our competitors before you choose a Realtor.
Weekly Market Report 9-14-07
September 14, 2007
This report pertains to residential homes on less than 10 acres sold for the week of Sept 7th to Sept 13th as reported by the Lebanon Board of Realtors MLS.
This week there were 2 homes sold for a total of 248 thousand. The average price of these homes was 121,500 and the median price at 121.5 these homes had an average time on the market of 529 days. There are currently 16 homes listed as under contract in the Lebanon MLS and those homes have an average price of 143 thousand.
Year to date there have been 233 homes sold, down from last years 288 during the same time frame, the average price is 114 thousand dollars compared to last years 105K; the YTD volume of 26.5 million is under last years 30.3 million. Our average time on the market this year has been 140 days, that’s up some from last years 113 day average.
As of this morning there were 353 homes with less than 10 acres, listed with the Lebanon MLS. The average asking price is 151 with median asking price of just about 130; these homes have an average time on the market of 120 days.
Lots of homes are on the market right now so if your getting ready to put your house on the market be sure you interview 3 agents and be sure one of them is an Executive. When choosing a Real Estate professional don’t always pick the one who says your home is worth the most, make sure the price you are quoted is supported with comparable sales and be sure you are shown your competition. An overpriced home just ends up on the market for long periods of time without getting activity from buyers in the correct price range. No matter what you have heard, the 2 most important factors in the sale of your home are Price and Location. An expert at Realty Executives of Lebanon can help you with all these questions
This week there were 2 homes sold for a total of 248 thousand. The average price of these homes was 121,500 and the median price at 121.5 these homes had an average time on the market of 529 days. There are currently 16 homes listed as under contract in the Lebanon MLS and those homes have an average price of 143 thousand.
Year to date there have been 233 homes sold, down from last years 288 during the same time frame, the average price is 114 thousand dollars compared to last years 105K; the YTD volume of 26.5 million is under last years 30.3 million. Our average time on the market this year has been 140 days, that’s up some from last years 113 day average.
As of this morning there were 353 homes with less than 10 acres, listed with the Lebanon MLS. The average asking price is 151 with median asking price of just about 130; these homes have an average time on the market of 120 days.
Lots of homes are on the market right now so if your getting ready to put your house on the market be sure you interview 3 agents and be sure one of them is an Executive. When choosing a Real Estate professional don’t always pick the one who says your home is worth the most, make sure the price you are quoted is supported with comparable sales and be sure you are shown your competition. An overpriced home just ends up on the market for long periods of time without getting activity from buyers in the correct price range. No matter what you have heard, the 2 most important factors in the sale of your home are Price and Location. An expert at Realty Executives of Lebanon can help you with all these questions
Weekly Market Report 9-7-07
September 07, 2007
This report pertains to residential homes on less than 10 acres sold for the week of Aug 31st to Sept 6th as reported by the Lebanon Board of Realtors MLS.
This week there were 5 homes sold for a total of 645 thousand. The average price of these homes was 129 thousand and the median price at 141 these homes had an average time on the market of 228 days. There are currently 17 homes listed as under contract in the Lebanon MLS and those homes have an average price of 141 thousand.
Year to date there have been 231 homes sold, down from last years 283 during the same time frame, the average price is just under
114 thousand dollars compared to last years 105K; the YTD volume of 26.3 million is under last years 29.9 million. Our average time on the market this year has been 137 days, that’s up some from last years 113 day average.
As of this morning there were 336 homes with less than 10 acres, listed with the Lebanon MLS. The average asking price is 154 with median asking price of just about 130; these homes have an average time on the market of 122 days.
Well it looks like mortgage rates are starting to drop again; in fact I saw a rate quote today for a fixed rate, 30 year conventional mortgage at 6.125%, that’s a low rate. Now is a great time to buy, there are plenty of well priced homes to choose from. Be sure when you choose a realtor to work with they are members of the MLS and are willing to show you everything that’s on the market. Here are Realty Executives we are committed to providing the service of helping you meet your real estate goals, that means we can and will show you anything on the market you want to see, including listings from other real estate firms. We are not in the sales business, we are in the service business, stop by and see just what it means to experience excellence. For a free buyers needs analysis see and executive today.
This week there were 5 homes sold for a total of 645 thousand. The average price of these homes was 129 thousand and the median price at 141 these homes had an average time on the market of 228 days. There are currently 17 homes listed as under contract in the Lebanon MLS and those homes have an average price of 141 thousand.
Year to date there have been 231 homes sold, down from last years 283 during the same time frame, the average price is just under
114 thousand dollars compared to last years 105K; the YTD volume of 26.3 million is under last years 29.9 million. Our average time on the market this year has been 137 days, that’s up some from last years 113 day average.
As of this morning there were 336 homes with less than 10 acres, listed with the Lebanon MLS. The average asking price is 154 with median asking price of just about 130; these homes have an average time on the market of 122 days.
Well it looks like mortgage rates are starting to drop again; in fact I saw a rate quote today for a fixed rate, 30 year conventional mortgage at 6.125%, that’s a low rate. Now is a great time to buy, there are plenty of well priced homes to choose from. Be sure when you choose a realtor to work with they are members of the MLS and are willing to show you everything that’s on the market. Here are Realty Executives we are committed to providing the service of helping you meet your real estate goals, that means we can and will show you anything on the market you want to see, including listings from other real estate firms. We are not in the sales business, we are in the service business, stop by and see just what it means to experience excellence. For a free buyers needs analysis see and executive today.
