Welcome

WELCOME to my blog page! If you have any questions concerning real estate, call me at 573-761-3485, or email me at hankvogt@yahoo.com , or visit my website at http://www.hankshouses.com/ . Thanks for stopping by, and come back often for information, tips, and news concerning the real estate market in Jefferson city!

Tuesday, December 1, 2009

Current Local Sales Trends

Current Month StatisticsNovember 1-30, 2009
# New Listings - 154
# Under Contract Listings - 37
# Sold Listings - 84
Average Sales Price - $136,586
List-to-Sell Ratio - 96.31%

Year-to-Date Statistics January 1 - November 30, 2009
# New Listings - 1,500
# Sold Listings - 1,071
Average Sales Price - $136,373
List-to-Sell Ratio - 96.56%
Average Days on Market - 94

Previous Year-to-Date StatisticsJanuary 1 - November 30, 2008
# New Listings - 1,355
# Sold Listings - 986
Average Sales Price - $138,301
List-to-Sell Ratio - 96.62%
Average Days on Market - 88

The territorial jurisdiction of the Jefferson City Area Board of REALTORS®, Inc. includes Cole, Callaway, Moniteau, and Osage Counties. This representation is based in whole or part on data supplied by the Multiple Listing Service of the Jefferson City Area Board of REALTORS®, Inc. Neither the Board nor its MLS guarantees or is any way responsible for its accuracy. Data maintained by the Board or its MLS may not reflect all real estate activity in the market.


THANK YOU!!!




The Jefferson City Area Board of REALTORS would like to thank the community for supporting the REALTORS & Friends Keep the Home Fires Burning fundraiser to support the Samaritan Center utility assistance program.

Thanks to the overwhelming support, a check in the amount of $3,888.00 was presented to the Samaritan Center to help low-income families in central Missouri pay their utility bills this winter.

The Eagles served chili to 500 people at the fundraiser on October 13, 2009.In addition to the chili supper and raffle, a canned food drive was held with 2,627 pounds of food for the Samaritan Center pantry.

REALTORS PACK THE BUS!

Realtors donated several shopping carts full of school supplies for the Annual Pack the Bus Program. The Jefferson City Area Board of Realtors purchased back to school supplies to be donated to the Smaritan Center for handout to school children who might not otherwise be able to start the school year out with a new back pack, or notebooks, or pencils.


Great Tips for Home Buyers

With the tax credits in place and interest rates still holding at near-all-time lows, here are some tips for buyers:

Start today. Binding purchase agreements have to be in place by April 30 in order to qualify for the federal tax credits, and with the improvements already showing in the housing market, another extension is highly unlikely. While the deadline is still five months away, the time will pass quickly—and so will the opportunities. If you have a home to sell, get it listed now, and price it aggressively. If you wait for the market to improve, the price of the home you’re wanting to purchase will also rise—and you’ll lose the added advantage of the federal tax credit.

Shop for good prices, but don’t count on “steals.” The extension of the tax credit to existing home owners will provide added incentive for sellers who want to gain the advantage on their move up. And that means opportunities for buyers. But don’t count on “lowballs” winning the deal, as more buyers will be in the marketplace competing for the prize! Properties in foreclosure can provide some good pricing, but getting the banks to agree to the “short sale” numbers is a slow and tedious process that could cause you to miss the deadline.

Interest rates will likely rise. Rates are currently at near-all-time lows—with the 30-year-fixed still hovering around five-percent. But as the housing market improves, the government’s purchase of mortgage-backed securities will likely decline. And that will bring rising mortgage rates. That’s another big incentive to get your purchase—and your rate—locked in early in 2010.

Prices will also rise. According to a recent MarketWatch.com report, home sales nationwide are now up nearly 36 percent from their bottom last January. At the current pace, there is only a seven-month supply of homes on the market, and in some areas there are already bidding wars. Increased buyer interest will likely offset any further decreases in prices that may result from the foreclosure marketplace.

Current Mortgage Rates

Rates effective as of 12/01/2009

CONVENTIONAL FIXED RATE MORTGAGES
Term (Fixed):
30 year 4.75%
20 year 4.625%
15 year 4.250%
10 year 4.250%

*Rates subject to change at any time. Provided by Lynne Bateman, Mid America Bank, 573-896-4790 Rates quoted above are for qualified borrowers with a 95% loan-to-value (LTV) or less. Please call for rates on mortgage loans with 95.01%-97% LTV. Rates subject to change at any time without notice Credit scores may adversely affect quoted rates.

If you're thinking of selling or buying in the Jefferson City Missouri Area, contact me direct at (573)761-3485 or online at http://www.hankshouses.com/ . “I want to be your Jefferson City Real Estate Resource ~ I am at your service!"