Some Local Statistics for The New Year

I thought you would enjoy some statistics from last year! It has been VERY interesting to see how real estate sales are trending. Right now the inventory is low only 932 residential listings and we as agents are scrambling for good homes to list. Pricing is very important right now! Also, the average list price is $306,065.00 and they are on the market for an average of 194 days. We sold more homes in 2011, in 2011 we sold 2,394 homes and that is up from 1750 in 2010. Although that doesn't mean that the prices are increasing, in fact the average sales price is down from $210,512 in 2010 to $177,727 in 2011. The following are some more statistics by area. Thanks!

Area          Listings in 2011       Sold Listings in          Average Sales 

                Active           Sold            12/2011                   $ in 12/2011 

City              94              275                22                        $124,935      

North          121             297                 20                        $173,257      

Northeast     77             291                  20                        $155,373      

Southeast     45            304                   15                         $109,922     

Redlands   119             248                   21                        $287,112       

Orchard

Mesa           76              217                  14                        $154,260         

Fruita          84              306                  29                       $212,996          

Clifton       48               161                  17                      $93,515            

Palisade/

East OM    33                  60                   1                        $373,600         

Our brokers gave us the following statistics in our meeting this week.

Feel free to give me a call, send an email, or a text with any questions. Thanks!Becky Behrens

Housing market improves, but foreclosures spoil the party

We are seeing the same trend here in Grand Junction. Our inventory is down and home sales are up, however the average price of recently sold homes is down slightly. Housing market improves, but foreclosures spoil the party Feel free to give me a call, send an email, or a text with any questions. Thanks!Becky Behrens

10 remodeling projects that pay back most

Every year Remodeling Magazine puts out a report on what remodeling projects have the most payoff. They take the price of the project versus the added value to the home, if you were to sell it now. The project htat suprised me the most was a new garage door. It isn't a very expensive project. I will testify that numurous times I have had clients comment on the older garage door that isn't moving smoothly and it beat up. It is like your front door and it makes a big impression.

10 remodeling projects that pay back most - MSN Real Estate

Feel free to give me a call, send an email, or a text with any questions. Thanks! Becky Behrens

Congress Restores FHA Loan Limits to NAR-Backed Levels

It looks like this should happen in the near future and the report states that we should go back to the previous loan limit we had prior to October of 2011. The FHA loan limit is currently $271,000 after the limit dropped from $371,000 in October of this year. This is GREAT news and will make financing easier for many of the home buyers in Mesa County. Currently our inventory is lower than is has been in 18 months.

Congress Restores FHA Loan Limits to NAR-Backed Levels

Feel free to give me a call, send an email, or a text with any questions. Thanks! Becky Behrens

Wedding Registries for Home Downpayments?

This is a GREAT idea, but you definitely want to talk to your lender prior to doing this. Just to make sure you document your gifts correctly.


Wedding Registries for Home Downpayments?

Feel free to give me a call, send an email, or a text with any questions. Thanks!Becky Behrens

Red neck closing gift......

Oh Yeah! Ice Ice Baby --'90s Pop Icon Offers Up Real Estate Tips

REALTOR® Magazine-Daily News-'90s Pop Icon Offers Up Real Estate Tips

Feel free to give me a call, send an email, or a text with any questions. Thanks!Becky Behrens