Congratulations!

Today's blog post is our favorite type - a congratulations to one of our sellers.

Mike and Beth, congratulations on selling your home! We wish all of our sellers could be as easy to work with as you have been. Good luck with your move and enjoy your new state.

Congratulations

Congratulations to Luis and Teresa along with their adorable boys! We hope that you all enjoy your new home and that great big backyard!

April Market Report

April has passed up by, so it is time to take a look at how the real estate market did locally did during that month.

First, the number of single family homes that sold in Green County in April of 2008:

• 18 homes sold in April of 2009,
  
• The average sale price was $140,824,
  
• The median sale price was $125,200,
  
• The highest priced property sold was $340,000,
  
• The lowest priced property sold was $25,000.

Things have dropped a little bit since April of 2008:

• 29 homes sold in April of 2008,
  
• The average sale price was $156,5197,
  
• The median sale price was $130,000,
  
• The highest priced property sold was $355,000,
  
• The lowest priced property sold was $76,000.

Obviously the number of homes that closed in the month did fall some.

However, it is great to see that the median price jumped back up a little bit from the March 2009 position, and it just a little bit lower than it was in April 2008. This is really good news for the area.

Market Report for the Green County area

It was very interesting looking at the real estate market statistics for Green County this afternoon.

I examined the number of single family homes that sold in Green County in March of 2009:

• 25 homes sold in March of 2009,
  
• The average sale price was $142,654,
  
• The median sale price was $118,500,
  
• The highest priced property sold was $513,500,
  
• The lowest priced property sold was $25,000.

I then compared this to the March of 2008:

• 17 homes sold in March of 2008,
  
• The average sale price was $160,067,
  
• The median sale price was $141,500,
  
• The highest priced property sold was $379,900,
  
• The lowest priced property sold was $26,500.

Clearly the real estate market is still very active in the area. More single family homes are selling than sold a year ago. This also shows something that we realtors have been aware of - prices did drop in the last year and the more expensive homes are moving more slowly. This accounts for the very large drop in median home price.

When I ran some numbers for single family home sales in Green County for so far in April, I noticed a similar trend of a smaller drop in average sale price and a larger drop in median sale price. It will be interesting to see how the number of properties sold compared when the full April data is in.