September is in the books, so it’s time to take a good hard look at how the Tri-Lakes market did through September of 2007
There were 37 new homes listed for sale. The average list price of these homes was $492,655
There were 11 homes that went “Under Contract”, the average list price of those homes was $429,463
I was meme tagged by Pat Kitano of Transparent RE.com. A meme [mem ] is described by the American Cultural Dictionary as “A unit of cultural information, such as a cultural practice or idea, that is transmitted verbally or by repeated action from one mind to another .”
Huh?
Earlier this month I commented on how players in the sub-prime market were taking a beating.
Not long ago I wrote a post on Real Estate Speculating vs. Real Estate Investing. My main point was that
Average home sale yields $32,200 in additional consumer spending.
OTTAWA – June 12, 2007
The resale housing industry in Canada generated more than 158,000 jobs and an average of $15.3 billion annually in the period from 2004 and 2006, according to a study prepared for The Canadian Real Estate Association by Altus Clayton.
Figures released last week indicated a contraction both in housing starts (lowest level since 1997) and in median sales prices.
Effective home selling these days requires the right attitude. The most effective sellers take the stance “We are no longer home owners, we are home sellers”. This attitude goes a long way in preparing the seller for what’s ahead. The following is a list of ten other things to keep in mind when getting ready to sell your home.
Travelling to the west this time…
Australian real estate investing in Perth has continued to show excellent results in terms of capital growth and good rental yields.
In the final quarter of 2006, ending 31st December, median house prices in Perth rose by nearly 5 per cent to $325,000. Over the past year, Perth house prices have increased by 18 per cent and rents have also risen by 25 per cent. The supply of new homes has slowed although demand is still strong.
Okay, here’s a new way of looking at things: perhaps irrational exuberance isn’t the bane that we thought it was. Okay, maybe investors took a financial bath by loading up on tulip bulbs back in the 1600’s or shares of pets.com in the 1990’s - but hey, they were contributing to the greater good!
Many Australian residents and those interested in Australian Real Estate Investing have found Tasmania, a safe retreat from the metropolitan areas with a temperate climate and plenty of waterfront properties.
In the past ,Tasmania has always been the most affordable state in Australia for real estate investment. Tasmania offers a vast amount of less costly options to live and certainly offers investment potential for investors willing to wait some time. Tasmania is ideal for investors willing to accept lower rents in exchange for retirement bed making. Australian real estate investors are finally starting to notice Tasmania.