DID YOU KNOW THAT FIRST TIME HOME BUYERS CAN GET UP TO A $7,500 TAX CREDIT?
This is part of the Housing and Economic Recovery Act of 2008!
The amount of the credit will be 10% of the cost of the home, not to exceed $7,500. Eligible properties include any single-family residence (including condos,co-ops) that will be used as a principal residence. There is an income limit for individuals with adjusted gross income of no more than $75,000 ($150,000 on a joint return). Phases out above those caps ($95,000 and $170,000, respectively). This program is for first-time homebuyers, or purchasers that have not owned a principal residence in 3 years previous to purchase. The effective date for this credit begins April 9, 2008 and expires July 1, 2009.
For more information regarding the Housing and Economic Recovery Act of 2008 please visit http://www.realtor.org/gapublic.nsf/pages/hr_3221_key_provisions?OpenDocument
Quick review:
|
|
July |
June |
May |
|
Active Res Homes* |
1243 |
1275 |
1209 |
|
New Listings |
256 |
259 |
253 |
|
Total Sold |
106 |
98 |
123 |
*Active residential homes on the market includes single family, homes with acreage, condos &townhomes, mobile homes, and new construction
New Listing Details:
|
|
July |
June |
May |
|
# of New Listings |
256 |
259 |
253 |
|
Average Price |
$235,891 |
$217,658 |
$224,801 |
Sold Details:
|
|
July |
June |
May |
|
Average List Price |
$203,769 |
$179,812 |
$197,053 |
|
Average Sold Price |
$195,658 |
$172,031 |
$188,678 |
|
High List Price |
$479,000 |
$689,900 |
$975,000 |
|
High Sold Price |
$450,000 |
$620,000 |
$750,000 |
|
Low List Price |
$55,000 |
$49,000 |
$67,000 |
|
Low Sold Price |
$35,000 |
$38,500 |
$58,000 |
|
Average Days on Market* |
129 |
115 |
124 |
*Average days on the market: 49 of the 106 homes were on the market under 100 days
Please take note that these numbers are averages and includes all of Yuma County (Wellton, Dome Valley, Somerton, San Luis, etc.). If you would like more information about your specific neighborhood, please let me know. |