2010 is over. A time to reflect and reset.
The real estate market in Brooks remained stable over the last 12 months and all predictions lean towards another stable market in 2011. Interest rates have remained low and personally I believe they will stay low throughout the year.
Foreclosures is a fact of life in Brooks and over the last several months the foreclosure listings have been increasing our inventory. With increased inventory and stable sales the price of real estate in Brooks should also stay quite stable.
Obviously, real estate is only worth what a buyer is willing to pay for it and the seller is willing to sell, and depending on motivation of the buyer and seller, they will ultimately determine whether or not there are good deals out there. With Main Street Realty selling 57% of the homes sold in Brooks there is proof that there are good deals out there. Knowledge of previous sales and existing listings is key to finding those deals and Main Street Realty has the knowledge and capable service available for you.
2010 STATISTICS
- Main Street Realty sold their listings a full 2 weeks sooner than the average real estate agent in the area
- April was the busiest month overall for us
- Our top for transactional months were March, April, September and November
- We also were responsible for 80% of the homes sold in Brooks the month of December (15 homes sold in Brooks)
PURE NUMBERS
- The real estate board reported 251 sales/643 listings for a 39% average sale to list value
- RE/MAX Main Street reported 107 sales/223 listings for a 48% average sale to list value
- Our closest competitor reported 112 sales/340 listings for a 33% average sale to list value
- There were 192 transactions reported in the City of Brooks with RE/MAX Main Street Realty responsible for 110 of those transactions.
- Average sale price in Brooks alone was $224,581
- Average negotiated price reported in the City of Brooks was 95% of list value
- RE/MAX Main Street transactions on average were completed in 81 days
- There were 41 homes in Brooks sold over $300,000 (37 of those were between $300,000 and $400,000)
As always, these are just numbers and statistical data. Keep in mind that each house has its individual value and worth (sometimes not the same number) Your real estate agent should be able to help and educate you to intelligently list your home so you are able to get the most out of your investment.
