Brian Buffini has realeased his Real Estate Report, updated for 2011. I'll give you some of the facts that I find interesting.
- ForSaleByOwner's down in 2010, less than 1 out of 10 sales.
- 95% of first-time homebuyers chose a fixed-rate mortgage.
- Distressed homes make up 36% of the market.
- Top factors influencing a buyers decision - Quality of neighborhood, convenience to work, and affordability.
- Percentage of buyers who were first-time home buyers increased to 50% in 2010.
- Typical home sold for 96% of the final listing price.
- Most popular motivation for selling a home - current house is too small.
- The most cost-effective improvement project to sell a house - Cleaning and de-cluttering. Next is lightening & brightening, then staging.
To find out more about the local real estate market, call the Eisenlauer Team.
We'd love to be of assistance.
Bill 770-2455 Bob 979-2883
