June 2010 News from Team Taylor |
Maria Taylor, Realtor/Owner Jessica Thomas, Operations Manager Rhonda Partin & Amy Wilkie, Buyer's Specialists Office: 937-306-5077
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Just a reminder, you can always see what is happening in your neighborhood by clicking on the following link; http://www.homeinsight.com/Widget/default.asp?IJYP5ZIE27ZI.
Dayton Area Home Sales
JANUARY 2010 - MLS SINGLE-FAMILY SALES SUMMARY
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2010
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2009
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% Change
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Single-Family Listings
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1727
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1700
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1.58%
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Solds
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520
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520
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0.00%
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Total List Price
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$61,818,946
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$58,051,020
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6.49%
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Total Sale Price
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$58,461,783
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$53,727,948
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8.81%
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% Sale/List Price
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94.57
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92.55
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2.18%
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Median Sales Price
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$90,000
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$75,000
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20.00%
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Average Sales Price
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$112,643
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$103,323
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9.02%
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Foreclosure vs. Short Sale-An Overview and Possible Solutions:
Although there are some signs of improvement in the Dayton-area housing market, many homeowners are still struggling with their mortgage payments. This unfortunately can lead to foreclosure which has touched millions of homeowners for a multitude of reasons including predatory lending, adjustable rate mortgages, increased property taxes, job loss, injury/medical expenses. These economic pressures coupled with a real estate market that no longer enjoys the automatic appreciation in home values that it once did, are just some of the reasons responsible for Americans falling behind on their mortgages.
WHAT IS FORECLOSURE? Foreclosure is a legal process in which a lender takes the title or forces the sale of a property as a result of the borrower’s failure to comply with the terms and conditions of the mortgage. Foreclosure is a tremendous hit to a homeowner’s credit rating, and it can be an emotionally strenuous event. An alternative to foreclosure is a short sale.
WHAT IS A SHORT SALE? A short sale allows a financially insolvent homeowner who is behind on payments and facing foreclosure to sell his home with approval from his lender for less than the value of the loan. The lender accepts the sale as payment in full for the loan. Benefits of a short sale versus a foreclosure action include allowing the homeowner more control of the sales process and a significant difference in the impact to his credit score. (Foreclosure lowers an individual’s credit score by 100-150 points versus the sale of the home through a short sale.)
Team Taylor specializes in assisting homeowners avoid foreclosure through short sales. For additional information on the short sale process, or if you or someone you know is struggling to make mortgage payments and is facing a foreclosure action call us today for a confidential analysis of your situation. Our services are provided at no cost to the homeowner.
- 2006: Dayton Area Rookie Business of the Year
- 2007: KW Growth Award—we pass the 75 agent mark
- 2008: Named RIS Media POWER 500 broker
- 2008: Our first Charity Golf tournament nets over $3500 for charity
- 2008: KW Growth Award—we exceed 100 agents
- 2008: Dayton Business Journal Fast 25: The 2nd fastest growing company in the Dayton area-across all industries
- 2009: RIS Media National Power 500 Broker again
- 2009: REALtrends 500—one of the top 500 Brokerages in the US
- 2009: Our 2nd Charity Golf tournament raises over $6400
- 2009: KW Advantage named as one of Top 5 local brokers in the Dayton area in sales volume (DBJ)