Updated Statistics to December 31, 2010

Statistics as reported by the MidFlorida Listing Service MLS to December 31, 2010

Number of Homes offered for sale: 5
Price range from $129,010 to $209,900
Average price per sq. ft. offered: $90.58

Number of Homes under contract: none

Homes sold from Jan. 1, 2010 to December 31, 2010 :  14
Price range from $120,000 to $214,500
Average price per sq. ft. sold: $95.44
Average price of home sold: $162,024
Average days in the market: 114
Bank owned sold: 6
Short sales sold: 3

For homes sold from January 1, 2009 to December 31, 2009
Number of homes sold: 11
Average price per sq. ft. sold: $105.88
Average price of home sold: $182,409
Average days in the market: 86

Drop in sq. ft. sold in one year: 9.8%
Drop in price of home in one year: 11.2%

Prices are in the process of recovering and drops are not as pronounced as previously.
Distressed sales account for 64% of all sales in this past year and are an influencing factor in setting market prices. Please feel free to contact me for further details whether selling or buying.

THE SELLING PROCESS

The first and very important step is to ask yourself why you want to sell your present home and gauge the pros and cons of this decision.

If you are moving to another city, Benjamin Urrutia can help you through the network of professional relocation agent find a new home anywhere in or out of the country.

As an initial activity, you may decide to make improvements to your house to increase its value and to make that first favorable impact on potential customers.

The following step is to contact Benjamin Urrutia to make an appointment for a listing presentation and Benjamin will walk you through the following points:

To read the full article click on http://www.benjaminrealtor.com/central/?Selling_Process

 

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THE BUYING PROCESS

This is a brief description of the process and it only purports to show the most important steps.

To start off, you must get familiar with your credit report as it contains part of your credit history and that is going to have an impact on determining if your mortgage is going to get approved and if the interest rate and other terms  are going to be favorable to you or not. If you haven't looked at your credit reports, you might be surprised at their contents, because errors are common.

The next step is to find the appropriate lender and the type of loan that best fits your needs. Spend some time finding a lender or a mortgage broker that you feel comfortable with, one that makes you feel confident that understands your personal situation and can assist you ion this important financial decision,

To read the full article click on http://www.benjaminrealtor.com/central/?Buying_Process

 

Updated Statistics to December 7, 2010

Statistics as reported by the MidFlorida Listins Service MLS to November 30, 2010

Number of Homes offered for sale: 4
Price range from $165,000 to $214,900
Average price per sq. ft. offered: $102.34

Number of Homes under contract: none

Homes sold from Dec. 1, 2009 to Nov. 30, 2010 :  15
Price range from $120,000 to $214,500
Average price per sq. ft. sold: $96.06
Average price of home sold: $162,555
Average days in the market: 114
Bank owned sold: 6
Short sales sold: 4

For homes sold from Dec. 1, 2008 to Nov. 30, 2009
Number of homes sold: 10
Average price per sq. ft. sold: $105.99
Average price of home sold: $183,650
Average days in the market: 83

Drop in sq. ft. sold in one year: 9.3%
Drop in price of home in one year: 11.5%

Prices are in the process of recovering and drops are not as pronounced as previously.
Distressed sales account for 66% of all sales in this past year and are an influencing factor in setting market prices. Please feel free to contact me for further details whether selling or buying.