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Friday, October 25, 2013
Thursday, April 4, 2013
2013 First Quarter Statistics
50 Properties have sold in the City of Brooks and County of Newell for the 1st quarter of the year. 70% of those listings sold have been directly in the City of Brooks. This compares to 90 properties in 2012 (same quarter) and 76% of those listings in the actual City of Brooks.
The average sale price of the Brooks properties sold within this period of 2013 is $248,600. Again in comparison of the same period in 2012, the average sold price in Brooks was $235,600.
It is certainly apparent that the housing market in Brooks is in a lull. My theory is weather (its been cold) and with no end in sight to the low interest rates I believe the general public feels no rush to purchase.
We believe that 2013 will be a very strong real estate year and will have some stable increase in overall purchase price.
As always, if you have any questions please never hesitate to contact your RE/MAX Main Street Realty associate to discuss.
Wednesday, January 23, 2013
2012 - BEST REAL ESTATE EVER
2009 was the best year in real estate transactions in Brooks at 240 transactions. We were hoping to blow that out of the water in 2012, however, an unexpected halt in the economy (temporary closure of XL foods) really stalled the real estate industry due to the uncertainity of what was going to happen. Fortunately, XL foods was reopened shortly and things went back to normal. RE/MAX Main Street Realty (MSR), did beat 2009 in transactions with 243, not a "blow out of the water" but still a banner year.
MSR retained its 51% market share in Brooks and the County of Newell, the big difference this year over last is that Century 21 and Royal LePage are fighting over the other 49% of sales opposed to 2011 when Royal LePage was our primary competition.
Also on a self promoting good point is MSR, on average, sold their listings for $7000 more and the list to sale value was 1% better than the average of the Brooks real estate board. 1% doesn't sound like much, but when you have a $300,000 home, it adds up. Lastly, our days on market was virtually the same with the Brooks board at 103 days and MSR at 98.
All in all, a very successful year for MSR and we anticipate much of the same in 2013. We believe stability in the Brooks market is a good thing and we should experience small growth in the prices of our homes.
As always, if you wish to discuss any real estate issues please never hesitate to contact me directly
MSR retained its 51% market share in Brooks and the County of Newell, the big difference this year over last is that Century 21 and Royal LePage are fighting over the other 49% of sales opposed to 2011 when Royal LePage was our primary competition.
Also on a self promoting good point is MSR, on average, sold their listings for $7000 more and the list to sale value was 1% better than the average of the Brooks real estate board. 1% doesn't sound like much, but when you have a $300,000 home, it adds up. Lastly, our days on market was virtually the same with the Brooks board at 103 days and MSR at 98.
All in all, a very successful year for MSR and we anticipate much of the same in 2013. We believe stability in the Brooks market is a good thing and we should experience small growth in the prices of our homes.
As always, if you wish to discuss any real estate issues please never hesitate to contact me directly
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