July Continues Decreasing Sales and Prices – 6-Month Market Analysis
July’s Real Estate Market figures are in. 172 Residential Properties were sold at a Median Price of $161,791, and for the 7- months of 2007, 1220 Residential Properties were sold at a Median Price of $180,000. When we look at Single Family Homes by eliminating Condos, Zero Lot, Line, Townhomes, and Manufactured Housing we find that in July, 2007, 136 SFHs were sold at a Median Price of $187,000, and for the 7- months of 2007, 1039 SFHs were sold at a Median Price of $195,500.
These numbers by themselves may not mean much to you, but I will tell you that they are very disappointing numbers. Without listing all of the numbers and prices here, I can tell you that, for the Overall Market in both the Month of July, and for the 7-months of 2007, these are the lowest July sales numbers since 2002, and the lowest July Median Price since 2004. Looking at SFHs for July the number of sales and the Median Price of a SFH Sold is again the lowest since 2004. The 7- Month SFH sales for 2007 are again the lowest since 2004, but despite July’s Median Price of a SFH being the lowest since 2004 the 7-month 2007 Median Price has continued to show an increase. This is only positive sign for 2007.
Because an Analysis of this information is consistent with my 6- Market Analysis that I just emailed to all of our present and past clients, I am presenting that Analysis here for those of you that have not seen it. I believe this is a very important document because, in the face of July’s data we are at a pivotal point in the Las Cruces Real Estate Market.
TO ACCESS THE REPORT, JUST CLICK HERE OR ON THE REPORT COVER IMAGE
I know that some of you are considering whether this is the right time to either Sell your Home or to Buy a home.
I would like to add links to these two article in hopes that you find them useful in making a decision.
#1. How to Buy In A Buyers Market.
When you are a Buyer in a Buyers Market you are in a great position.
CLICK HERE FOR THE FULL ARTICLE
#2 . SELLERS,
Don’t Despair,
It is Not So Bad Being A Seller In A Buyers Market.
CLICK HERE FOR THE FULL ARTICLE
I hope that you find that this post meets your needs and the goals of this blog. We welcome your input, opinions, ideas and suggestions! If you have something to share with us on this topic, please post your comments on this discussion. Return frequently to see what is new
Evelyn Bruder, REALTOR, CRS, GRI, ABR, E-PRO
FOR ALL OF YOUR REAL ESTATE NEEDS
Visit my internet site: http://www.homesforsaleinlascruces.comOR E-MAIL ME DIRECTLY :evelyn@homeslascruces.com
CALL ME: 505-650-7224
TOLL FREE direct line: 1-888-532-9069
OFFICE Direct Line: 505-532-2211
Steinborn GMAC Real Estate 522-3698
