My Real Estate Blog

The market did well this week for sellers in 20171. There are 26 single family homes on the market - which is too low for buyers to find the right home - which makes the prices stronger for sellers.  Not many listings came on the market with our impending blizzard, so I expect quite a few new home listings will come on towards the later end of this week. As we ease into the Spring market, we should see more competition for the sellers and the buyers will have more houses to choose from. There were 7 new listings. To see those, click http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=524916XJRPL&p=DE-101284670-998. Out of the 7 new listings, one was a relist. Two of them are my listings - both show well and have been updated and remodeled. If you know of anyone looking for great homes in 20171, have them check out my 2 new listings. The great news for sellers was that 7 homes sold this week. I would think it will be a little slower this week as people dig themselves out of the snow. To see the sold homes this week, click http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=524916XJRPL&p=DE-101286001-655. The home on Lockgate place was a foreclosure. It looks to be one of those homes that the seller took out a second and took the money and then the market fell and was not able to pay the mortgage. It was purchase din 2003 for $450,000 and they listed it at $539,000 - so plenty of equity if they had not taken a second. Stay warm and looking forward to clear streets!

Posted by Angela Mitchell on February 8th, 2010 9:43 AMPost a Comment (0)

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