Thursday, November 29, 2007

Updates for 11/28/07

Not a lot of activity in the RE market yesterday.

Single Family homes
-1028 Hazel went under contract with a list price of $1,159,000
-2 New listings
-30 Ellendale a 4bed 2.5bath home listed for $659,000
-1160 Deerfield Rd. a 5bed 3.5bath home listed for $849,900
-425 Willow was reduced from $409,900 to $389,900

Attached Homes
-610 Robert York Rd. a 2bed 2bath condo listed for $299,900 closed for $292,000

Not a lot of stats to report, but as I've been saying things are actually somewhat busy. This is the busiest Nov. I've ever experienced (not in sales, but activity of people looking...although I have had a number of deals come together here at the end of the month).

Tuesday, November 27, 2007

Back with updates

I would like to apologize to all of my readers. I've been out for about 2 weeks. Surprisingly for this time of year I've been extremely busy, I've been sick, & traveling for Thanksgiving.

Anyway I'm back & will try to get everyone up to speed on whats been happening.

My last Blog was on Nov. 13th, so I'll just summarize the activity since.

For Single Family Homes
-614 Westgate went contingent with a list price of $1,769,000
-2 New listings
-950 Woodward a 3bed 1bath was listed for $249,900 (the price is correct, its being sold as-is)
-75 Mulberry a 4bed 2.5bath home was listed for $579,000
-5 Price reductions
-9 cancelled listings
-3 Closings
-1423 Deerfield closed for $406,000
-2 Tamarisk Ln. closed for $850,000
-1414 Hazel closed for $1,300,000
-4 Pending Listings
-1026 Central for $316,100
-1023 Greenwood for $323,900
-923 Stratfor for $349,900
-626 Appletree for $1,079,000

In the attached homes
-4 Properties went under contract
-464 Inverarry went under contract with a list price of $199,900
-422 Kelburn went under contract with a list price of $267,000
-849 Bluebird went under contract with a list price of $324,900
-420 Pintail went under contract with a list price of $339,900
-New listing at 297 Tanager a 3bed 2.5bath townhome for $339,900
-1 Price reduction...reduced by $100, I won't mention the address
-2 Reactivated listings
-3 Cancelations
-2 Closings
-331 Redwing closed for $200,000
-451 Elm closed for $217,500

The equity markets have tumbled again over the last 2 weeks & banks continue to cry about their exposure to the subprime loan markets. We'll monitor this through the rest of the year.

As a slight bit of optimism, I'm seeing more activity on my listings & my buyers seem to be more proactive on looking & buying before year end.

I'll try to keep more current with the updates & apologize again for the gap.

Tuesday, November 13, 2007

Deerfield Realty & finally a Great day on Wall Street

Well we finally had a good day on Wall Street...actually a great day. After 4 straight days of down markets, the equities rebound big time. If we have a few up days & market concerns lessen, I'll quit boring those of you who only read this for the Real Estate updates.

Dow +2.46%
Nasdaq +3.46%
S&P +2.91%

Also, today the NAR reported that pending home sales in September rose unexpectedly but the numbers were off 20% from the previous year.

Yesterday's Single Family Home Report for Deerfield
-2 New listings
-1155 North a 5bed 3full 2half bath home was listed for $1,275,000
-1524 Crabtree a 5bed 5.5bath home was listed for $1,695,000
-2 Price Reductions
-1 Pending home @ 1423 Deerfield Rd.
-No closings

Yesterday's Attached Home Report for Deerfield
-2 New Listings
-463 Elm #1I a 2bed 1.5bath condo was listed for $194,900
-610 Robert York #105 a 2bed 2bath condo was listed for $319,000
-2 Price reductions (so minimal not even worth listing the addresses)
-No Pendings
-No Closings

As always feel free to search any specific properties in Deerfield or the surrounding areas on my website

Monday, November 12, 2007

Weekend activity for Deerfield

Once again I'll be commenting on the equity markets due to the continued slide.
We had another down day on Wall Street.
Dow -.42%
Nasdaq -1.67%
S&P -1%

Its getting a little ugly in equity land.

Now on to the Deerfield weekend report

Single Family Homes
-2 New Listings
-1200 Kenton Rd. a 3bed 2.5bath home listed for $479,000
-657 Colwyn Ter. a 5bed 4.5bath home listed for $1,499,000
-1730 Overland Trl was reduced from $619,900 to $594,900
-3 Closings
-1010 Greenwood was listed for $314,900 & closed for $295,000
-421 Willow was listed for $424,900 & closed for $385,000
-825 Deere Park ct. was listed for $774,900 & closed for $752,000

Attached homes
-4 New listings
-1156 Osterman #56c a 1bed 1bath condo is listed for $199,000
-1356 Barclay a 2bed 1bath is listed for $234,900
-459 Elm #1b a 2bed 2.5bath is listed for $249,900
-402 Kelburn st. #222 a 2bed 2bath is listed for $269,500
-1 price reduction....619 Martin was reduced from $319,900 to 4314,999
-2 Closings
-462 south Commons Ct. was listed for $459,900 & closed for $445,500
-407 Winston Dr. was listed for $304,900 & closed for $283,000

Friday, November 9, 2007

Slow day for the Realty market...bad couple of days for the Stock market

I know this is a Real Estate blog, but today we saw another terrible move to the downside in the stock market.
Dow -1.69 Nasdaq -2.52% S&P -1.43%

What does this have to do with the Deerfield Real Estate market?... Actually a lot. These recent moves down are due to credit concerns with more banks reporting more problems. This effects consumer confidence, lending, & the list goes on & on.

Back to Deerfield Real Estate....we had a very slow day yesterday.

Single Family Homes
-New Listings @ 1444 Greenwood...3bed 1.5bath home listed for $639,000
-Price reduction @ 1513 Dartmouth...reduced from $799,900 to $789,900

Attached housing
-Nothing to report

Like I said, a very slow day yesterday.

Have a good weekend everyone & I'll be back on Monday.

Thursday, November 8, 2007

Deerfield updates

Minimal action in yesterdays market, there were a few updates.

Single Family Homes
-1 New listing...2Bed 1Bath home for $330,000
-2 Price reductions
-1111 Park was reduced from $533,000 to $495,000
-23442 Wildwood was reduced from $1,299,999 to $1,269,900
-No Closings

Attached housing
-1 New listing...4bed 2.5bath townhome @ 849 Bluebird for $324,900
-2 Price reductions
-754 INverrary was reduced from $187,750 to $187,650 (yes $100)
-422 Kelburn was reduced from $270,000 to $267,000

Stock market had another large sell off, but rebounded somewhat at the end of the day.

Major U.S. Indexes
Dow -33.73
Nasdaq -52.76
S&P -0.86

Wednesday, November 7, 2007

Deerfield Activity for 11/6/07

Reports for Deerfield's Single Family Homes

*We actually had a reduction of inventory yesterday in the Deerfield's been awhile
-2 Properties went under contract
-923 Stratford is under contract...list price was $349,900
-1246 Laurel is under contract...list price was $549,000
-1 New Listing...A 3bed 2bath home @ 1347 Carlisle Place is new on the market for $565,000
-1 Price reduction...715 Byron Ct. was reduced from $849,900 to $799,000
-1 Closing....1506 Central closed for $455,000

Reports for Attached Housing
-1 New listing....A 2bed 2bath home @ 1422 Inverrary Ln was listed for $185,000
-2 Price reductions

Its been awhile since we've seen inventory lessen. I know that it is nothing dramatic, but it is good to see.

Tuesday, November 6, 2007

Updates for Nov 3rd-5th

We have a few updates for the Deerfield market for Nov. 3rd-5th

-Single Family Homes
-1 new listing... A 3bed 2bath home @ 950 Appletree Ln. listed for $424,900
-1 pending listing....1044 Chestnut
-1 price reduction...838 Rosemary was reduced from $649,900 to $599,999
-2 closings...831 Foxhunt Trail closed for $620,000 & 855 Smoke Tree Rd. closed for $850,000

-Attached Housing
-No new listings
-2 price reductions
-1 closing...560 Inverrary Ln. closed on 11/5 for $160,000

-Lot 3 of Maya Ct. came back on the market $579,000

The trend for the Deerfield market (and surrounding areas as well) seems to be that the lower end of the market is still selling fairly well. I see this trend continuing into the end of the year & hopefully we'll see a pickup in the spring market.

Due to a few requests, I will be giving market stats for the month of Oct. within the next few days.

Friday, November 2, 2007

Slow Day

Not much new to report in Deerfield Real Estate.

No new listings today, no closings.
I'm not in the habit of reporting price changes, but due to the fact that there is nothing else to we go
-195 River was reduced from $1,300,000 to $1,289,000

In the national picture
-Foreclosure rates are on the rise
-Mortgage rates end lower on the week
-30 yr. fixed 6.33%
-15 yr. fixed 5.99%
-1 yr. adjustable 5.66%

Thursday, November 1, 2007

Day 1 of Deerfield Real Estate

For my limited audience:

Please bear with me as I post my first Blog on Deerfield Real Estate.

As we now enter the last 2 months of year, things have definitely cooled of in Deerfield as well as the surrounding areas.

-We have 5 single family homes that went on the market ranging from $324,999-879,000.
-851 Northwoods Drive (4bed 3bath) closed on 10/31/07 for $1,100,000

-No condos/townhomes listed today/yesterday
-423 Millford Rd. (3bed 3.5bath ) closed on 10/31/07 for $511,250

The Federal Reserve lowered the Fed Funds Rate on 10/31/07 by .25
The Federal Funds Rate is currently 4.5%