The Brainerd Lakes Real Estate Blog

<cite>January 2010 Home Sales « GlarStar Blog</cite> : " January 2010 Home Sales February 10, 2010 by glarmlsblog Home sales in the Greater Lakes region in January were once again up compared to a year ago at 93 closed sales, an increase of 34.8 percent from a year ago. That's the fifth consecutive month where the change compared to a year ago has been positive. The increase in sales has led to stabilizing home prices. January's median sales price of $124,405 was 1.4 percent higher than a year ago. Yes, rising prices are ordinarily a pretty ho-hum and normal thing, but in light of the drop in prices that most parts of the country have seen over the last several years, 'ho-hum' is a welcome phrase these days. The Months Supply of Inventory in the region has decreased in the last year to 17.3, down 7.8 percent from the mark of 18.7 seen a year ago. That's still a very high mark, which means sellers still face challenging conditions that require sma...

Helping make real estate dreams come true Greater Lakes Association of REALTORS Market Update: With the final days of the tax-credit for first-time home buyers approaching, home sales in the Greater Lakes region are showing some signs of life. There were 236 homes sold in September, up 14.0 percent from one year ago. That's also a slight increase from August, which is quite remarkable considering that September typically means a drop-off in sales as the school year begins. Home prices continue to decline, but this is partially a function of increased market share of non-waterfront homes, likely sparked by the federal tax credit for first-time home buyers. Good news for sellers: the Average Days on Market Until Sale is now shrinking and the Percent of Original List Price Received at Sale is now growing. House not selling? Listing contract expiring? Falling behind on payments? Kathleen Lordbock Keller Williams Realty Brainerd Lakes REALTOR/Staging & Short Sale Specialist 218-829-...