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5225 Greenbriar Lane OPEN HOUSE: Sunday, December 4 from 12:00 p.m. to 2 p.m. The best deal of the season!
5225 Greenbriar Lane
Better move quickly on this one – likely the best deal of the season! “Clean” is an understatement! New roof, siding, gutters/leaf guard & shutters just installed. New Pella windows (2003) w/additional updates throughout.
Oak hardwood on stairs & upstairs, laminate floors in dining rm & family rm, fresh new carpet living rm. Spacious & open floor plan includes 4 bedrooms upstairs w/1/2 bath in big master bedroom.
Large beautiful lot on picture perfect street, w/super neighbors (a priceless feature!). Dry, unfinished basement.
For more pictures, click HERE.
Have a question? Call or email!
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November 2011 Market Update
While home sales in September were down slightly from a relatively strong month in August, they were up from a year ago, giving encouraging signs of a strengthening market and potential for stabilizing, if not appreciating, home prices.
These signs include an increasing demand, shown by the number of people shopping for homes, and the decreasing inventory of homes for sale, in conjunction with some of the lowest levels of new housing construction since 1960s when the Beatles first came to the United States.
Of the homes sold in September, 32% were first-time home buyers.
With more and more people entering the market, the persisting obstacle for most is still the restrictive lending environment.
“We need to remove the roadblocks to a housing recovery—not place more obstacles in the way of financially qualified buyers,” NAR President Ron Phipps said.
With an increasing demand and shrinking inventory, it is hoped that banks will begin to see the market potential and start to lend to otherwise creditworthy home shoppers, opening the road to a more rapid recovery.
While consumer confidence still remains at all-time lows, retail spending increased 1.1% last month, a positive sign of growth fueled by the approaching holiday season, which could propel the U.S. into a promising new year.
Filed under agent, blog, broker, buyers, condo, condominium, economy, home financing, home ownership, Jenny, Jenny Swain, Keller, Keller Williams, listing, local, Madison, Madison Real Estate, Marketing, National Real Estate Trends, Real Estate, realtor, seller, services, Social Media, Statistics, Williams, Wisconsin, yourmovingexperience
Existing Home Sales Beat Expectations
Good news from our friends at Waterstone Mortgage:
Americans bought previously owned homes at a much higher level than economists had forecasted.
Economists had forecasted that October Existing Home Sales would decline -2.20%.
But they actually improved by +1.3%. The National Association of Realtors reported that the annualized rate of sales is 4.97 million units which was also better than the forecasted 4.8 million units.
The September reading was revised upward as well.
Sales were up 13.5% from the same month a year earlier. Even though we have a soft economy, high unemployment, tight lending standards, and an uncertainty about the direction of prices.
The report showed the median sales price in October was $162,500, down 4.7% from $170,600 a year earlier.
The inventory of previously owned homes remained high but did slide down to 3.33 million units or a 8 month supply.
Sales rose 4.4% in the West, 2.1% in the South, and 2.8% in the Midwest but fell 5.1% in the Northeast.
So, to recap – Existing Home Sales gained 13.5% from this month last year and had a month-over-month gain of 1.3%. Also, inventories shrank.
This certainly shows that there is positive momentum in the housing sector.
For more information, call or email me. You can also contact:
Dave Grauwels
Branch Manager
Office: 608-662-9580
Cell: 608-358-5383
dgrauwels@waterstonemortgage.com
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OPEN HOUSE REMINDER: Nichols Station Condos. 311 N. Hancock Street. Sunday (11/6) 12:00 to 2:00 p.m.
These condo units are amazing and have a great upscale, “downtown” feel.
With a landmark location on scenic James Madison Park and Lake Mendota, Nichols Station Condos offer a great downtown view at a great price.
Units include an underground parking spot and a storage unit. Walk right across the street to James Madison Park!
Stop by and check out the unique floor plans at 311 N. Hancock Street.
For more information, visit www.nicholsstation.com.
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