January 2010 Real Estate Stats For South Haven And Surrounding Area'sThere were 11 units sold for January 2010 VS 14 units sold in 2009. Days on market for January 2010 were 64 days Vs 112 days in 2009. Dollar volume for January 2010 was $1,187,320 VS $1,248,300 for 2009. There were 52 REO/Bank owned units and 5 short sale units.
We have had some interesting stats over the first month of 2010. Activity continues to be growing with both buyers and sellers. The days On Market was considerably down for this past month compared to a year earlier. The total of sales volume was off 5% over last year. We have seen an incredible change where buyers are actually buying properties at 2005 prices. This is like having a time machine that allows buyers who have been caught chasing the market to go back 5 years and get exactly what they have wanted for years, but could not due to increasing prices. On the first time home buyer front, we are seeing buyers taking advantage of the $8,000 tax credit that applies to anyone who has not purchased a home in their name in the past 3 years. Even if you have, you can be eligible for a $6,500 tax credit. With the low interest rates, buyer tax credit and decreased prices, the first half of 2010 appears to be starting off on the up swing for sales.
The Way And Servatius Team
