Total Number of Single Family Homes that have sold in the month of April were 193. Sales have been brisk. Out of the 193 homes that have sold, 130 of them were new. This means that we see a lot of construction activity again and the market is recovering nicely putting a lot of folks back to work.
Total Number of Condos that sold in April were 97. This is actually slightly down from a year ago. However, the condo market has been hit hard in the mortgage area. If you can’t pay cash, then it is extremely difficult to finance a condo these days. Mortgage condos require anywhere from 25-30% down up front and a credit score of a minimum of 680 points. If you want that dream condo at the beach, then you better save up your money for your downpayment so you can well afford to buy it.
Residential Lots seem to be on fire right now. There were 245 sales in the month of April alone. This was an increase of 34.62% over last Apriil.
Foreclosures are remaining about the same, but the number of Lis Pendens or Notices of Foreclosures rose again for the second month in a row. I am beginning to see the shawdow inventory slowly dripping out into the market.
If you are in the market to buy, I work exclusively as a buyer’s representative. I can help you save time, money and avoid costly mistakes. I can get you from the intial contact to the closing table successfully. I am looking forward to hearing from you soon.