Since my last blog – April 29, 2008 there have been 36 transactions (18 Properties Sold) in Brooks and County of Newell. For the same time period (April 29-May 20) last year we had 22 properties sell. Seems we are right on track for reproducing our transaction results from last year.
I’m very proud to say that RE/MAX Main Street Realty continues to lead the way with almost 60% involvement in the total transactions in this period. (Since the beginning 2009 to date RE/MAX Main Street has been involved in 47% of the transactions.)
The level of activity in the last few weeks has been noticeably busier. I’ve barely had time to update my blog – I have been striving for every two weeks and here we are at almost 3!!! I promise I will try better next time.
A discouraging fact amongst these statistics is the negotiated prices and average sale price – in the previous 3 week period the average sale price was $193,420 and the negotiated amount was 6% - in the last 3 week period the average sale price was $162,697 and the negotiated amounts was 7%. The other discouraging fact amongst these statistics is the days on market – this number increased from 82 days to 111 days.
I cannot emphasise enough that the numbers above represent an “average” sale price and an “average” negotiated price. Obviously this does not mean your home is worth any less or any more than it was last week... or month...or year!! – To determine what the value of your home is, a comparative market value would be completed based on homes that are similar to yours.
Ultimately all of this tells me that an adjustment period is and has been taking place – and quite frankly, statistics should be compared on a quarterly basis to get “real” numbers before any conclusion is drawn.
When it’s all said and done – these are just numbers. I want to bring you the numbers for awareness and education on the Brooks real estate market. To answer the question – “Is it better yet?” – no...But it’s getting there.
