Here is the latest Residential Real Estate Statistics for Bloomington Normal and surrounding communities:
There are currently 1250 Active Residential Listings.
The Average List Price is $201,714.
The Average MLS percentage of Sale Price to List Price is 96.31%.
The Keller Williams Percentage of Sale Price to List Price is 99.17%!!
The Average Days on the Market for all Active Listings is currently 165.
The Average Days on Market for Sold Listings is 122.
So, Yes - Houses are selling in this market! If you are thinking about listing your home and buying a new home, this is a great time. Not only are there Tax Credits available to qualified buyers (please check with your trusted tax advisor to see if you are eligible), but the interest rates are still low.
As always, I recommend you use an experience Real Estate Professional when buying or selling. You will reap the benefits of their expertise!
Susan Temple
Broker, GRI
Keller Williams Realty
Monday, November 9, 2009
Friday, November 6, 2009
Great News if you have been contemplating purchasing or selling a home! Congress has now signed a bill to extend and expand the HomeBuyer Tax Credit Program.
The Program was slated to sunset on December 1, 2009 but now it will remain in effect until April 30 of 2010. In addition to the $8000 tax credit for First Time HomeBuyers (defined as people that have not owned a home within the last 3 years), there is also a credit of $6500 for current homeowner that sell their home and qualify under the provisions of the act.
You may be thinking that you have plenty of time to take advantage of this BUT the time flies quickly when you are looking for a home and you really do need at least 30 days from contract to closing to make sure everything is in order for your home purchase.
So.... if you are wanting to take advantage of this incredible opportunity,
1. Check with your tax advisor to make sure you qualify for the program. There
income requirements that need to be met.
2. Visit a lender today to get yourself preapproved! They will work with you to
how much you can afford in a home purchase and discuss the various methods
of financing your purchase.
3. Speak with an Experienced Real Estate Agent. They can make the entire process much easier from start to finish, by representing your interests in the real estate transaction.
This really is a great opportunity! This tax credit combined with our currently low interest rates could significantly benefit you if you are in the market for a home! But don't delay! It won't last forever and you don't want to be rushed when purchasing a home.
Best regards,
Susan Temple
Broker, GRI
Keller Williams Realty
The Program was slated to sunset on December 1, 2009 but now it will remain in effect until April 30 of 2010. In addition to the $8000 tax credit for First Time HomeBuyers (defined as people that have not owned a home within the last 3 years), there is also a credit of $6500 for current homeowner that sell their home and qualify under the provisions of the act.
You may be thinking that you have plenty of time to take advantage of this BUT the time flies quickly when you are looking for a home and you really do need at least 30 days from contract to closing to make sure everything is in order for your home purchase.
So.... if you are wanting to take advantage of this incredible opportunity,
1. Check with your tax advisor to make sure you qualify for the program. There
income requirements that need to be met.
2. Visit a lender today to get yourself preapproved! They will work with you to
how much you can afford in a home purchase and discuss the various methods
of financing your purchase.
3. Speak with an Experienced Real Estate Agent. They can make the entire process much easier from start to finish, by representing your interests in the real estate transaction.
This really is a great opportunity! This tax credit combined with our currently low interest rates could significantly benefit you if you are in the market for a home! But don't delay! It won't last forever and you don't want to be rushed when purchasing a home.
Best regards,
Susan Temple
Broker, GRI
Keller Williams Realty
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