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Helping make real estate dreams come true
GLAR Market Update for November 2009


The passing of the home-buyer tax credit's intitial expiration date

hasn't yet slowed the urgency of home buyers in the Greater Lakes

region, as November saw a continuation of the strong sales we've

seen in previous months.

There were 245 closed sales during the month, up 59.6 percent from

a year ago. New Listings were also up 18.7 percent.

The Median Sales Price for the month was $134,850, dipping 3.0

percent from the same month last year. Year to date, the median

sales price has fallen 9.9 percent from a year ago. Falling prices

have combined with still-low mortgage rates to create a favorable

affordability picture.

Have you received a Notice of Default on your property?  What are your plans?  Do you plan to walk away or do you want to try a Short Sale which has much less damage to your credit and helps you save face? You need a plan of action and if you want to buy some time, stay in the home until it sells and save up some money - then contact:

 Kathleen Lordbock REALTOR/Staging & Short Sale Specialist 

Keller Williams Realty Brainerd Lakes

Don't just walk away - there is hope, there is help!
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Comments

  1. Jeff GreenJanuary 7, 2010 at 6:17 AM

    Thanks for this update on the effect of the extended home buyer tax credit in your area.

    ReplyDelete

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