December 28th, 2009 . by Jon Modene
The pies have been picked up.
The snow is falling.
The year has sped on by.
What is left?
That would be the final 2009 Real Estate Stats for my little town of Perrysburg.
Come back after 12/31 and I will show/tell you the “real” truth.
What was the highest priced sale?
The lowest priced house?
The average appreciation/depreciation?
The number of houses in default as of 12/31?
The number of days until Mr. Freeze opens again?
These are vital numbers – at least to me. The last one is vitally important to my youngest child, Hannah, and our dog Buster. Something to do with ice cream . . .
Posted in Perrysburg Ohio, Perrysburg Ohio Realtor, Perrysburg Real Estate • No Comments Posted Yet »
Tagged With: perrysburg stats • stats
April 6th, 2009 . by Jon Modene
All markets are local.
They are all different.
I talked to a Long & Foster agent in suburban D.C. today. He said that 65% to 75% of the houses for sale in one of his marketing counties are “REO” aka foreclosed.
Perrysburg? Not even close.
The most recent Case-Shiller Home Price study came out on Friday. The average home lost 19% in their study. Which is made of matched pair sales in major metropolitan areas. Toledo is not included.
But Detroit is. And the average house value in Detriot is now what it was in 1997.
An “11 Year Drop”. A regression. A retreat. A decline.
What of Perrysburg? The median sold price for Perrysburg Single Family homes in March of 2009 was $146,450 according to our local MLS.
This represents a -25.7% decline in the past 24 months.
Which is a 1% drop in value per month over the last 2 years.
Which is a lot “better” than 1.5% per month that a lot of other markets have experienced.
If you NEED to sell, you need to understand these numbers.
These numbers might influence your decision.
Your houses’ potential buyer, appraiser, and lender understand them!
Posted in Jon Modene in Perrysburg Ohio Real Estate, Market Snapshot, Perrysburg Ohio Realtor, Perrysburg Real Estate • 1 Comment »
Tagged With: case-shiller • Market Snapshot • perrysburg stats • reo in perrysburg
