2009 was a rocky year on the national real estate scene. Homes that had been flying off the shelf were now lingering for months (and commanding thousands in price reductions).
Thankfully, real estate is a local business. Changes in one area do not necessarily mean adjustments in another. As the year ends, let's see how the Pineville,La market faired in 2009.
Based on MLS (Multiple Listing Service) data, 317 homes sold in the 75k-250k price range. On average homes commanded 96% of there list price. In other words, home sellers were getting close to their asking price. Also, homes in this range averaged 91 days on the market.
So...what does this tell us about the health of the market. Generally speaking, a buyer's market is one that has six months of inventory or more. In our market, we have only 91 days worth of supply. Defiantly a good indicator! Also, homes are going for 96% of there list price. Thus, if sellers price according to market value, they should be fine. Sellers that overprice though, will often be forced into price reductions before getting an offer.
This data, coupled with the extension of the 8,000 dollar tax credit, point to good things in 2010! As always, feel free to contact me directly at (318) 613-1994 to discuss your Cenla housing needs!
Tuesday, December 29, 2009
Monday, December 28, 2009
Thank You!
2009 has been an amazing year real estate wise. This summer I took the leap of faith and started doing real estate full time. I want to take a moment and thank some of the folks who helped along the way.
First and foremost the family...What can I say? without the wife's support (emotional and financial) none of this would have been possible. And to the kids who missed daddy all those weekends. You will understand one day. Nothing like having four children to feed to make one hustle!
Behind every successful agent there is one tired broker! Paige Walker has been a great mentor over the past two years. MANY times this year she has saved my bacon! Her faith and guidance have been and will continue to be one of my best assets.
And without my Administrative Assistant nothing would ever get done. Her organizational skills and good sense of humor keep this office buzzing.
Last but not least, my clients. Without clients, I am just a dude with cool yard signs! To quote Willie Nelson "You were always on my mind". From our first meeting all the way to the settlement table, I think about you constantly. Your family's needs are my top priority. Your cards and kind words make my day.
To each and all best wishes for the new year.
Doug Rogers, Realtor
First and foremost the family...What can I say? without the wife's support (emotional and financial) none of this would have been possible. And to the kids who missed daddy all those weekends. You will understand one day. Nothing like having four children to feed to make one hustle!
Behind every successful agent there is one tired broker! Paige Walker has been a great mentor over the past two years. MANY times this year she has saved my bacon! Her faith and guidance have been and will continue to be one of my best assets.
And without my Administrative Assistant nothing would ever get done. Her organizational skills and good sense of humor keep this office buzzing.
Last but not least, my clients. Without clients, I am just a dude with cool yard signs! To quote Willie Nelson "You were always on my mind". From our first meeting all the way to the settlement table, I think about you constantly. Your family's needs are my top priority. Your cards and kind words make my day.
To each and all best wishes for the new year.
Doug Rogers, Realtor
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