A Rebound in the Housing Industry

A rebound in the housing industry has always been on of the key elements in the USA’s recovery from past recessions.  It will not be any different this time. The buying of a new or existing home has a positive ripple effect on the economy.  When you move into your new home, there are always new purchases you want to make, some significant and others just to make your new home, yours.  The reality being that you jump-start the economy.  Countryside Realty is working hard at doing just that with our 2012 Stimulus Plan.  Potential buyers that use one of our professionals will receive gift certificates after closing on their transaction.  The amounts vary as to the purchase price of the property.

Sold in January 2012

New Listing in Batesville

Cattales Chart

December Cattales

December 2011

JUST THE STATS By: Jim Dreyer •Sales in December were $503,000 compared to December, 2010 of $577,750. • Year-to-date sales of $15,011,097 compared to $13,268,674 in 2010. •There were 2 homes sold in December compared to 3 in December, 2010. •Year-to-date 82 homes have been sold compared to 85 in 2010. •Number of homes listed for sale increased to 76 compared to 72 at the end of November. • At the end of December there are 12 houses pending sale. Based on that I am estimating the sales for January to be approximately $2,000,000 compared to $799,800 in 2011. •After 3 years of declining sales of approximately 20% year, 2011 reversed that trend. Total sales dollars of residential homes increased in 2011 to $15,011,097 or 13.1% above 2010. The number of homes sold actually dropped from 85 in 2010 to 82 in 2011 but the average sale was $183,062 compared to $156,102 in 2010. The highest average sale year was 2007 when it was $185,174. That year also was the highest total sales in Batesville history. None of this data suggests that the value of home prices has increased. There were more homes sold between $200,000 and $300,000 and that is what drove the average up from preceding years. Sales values continue to remain depressed from 2007 and possibly 2008. January will be approximately $1,200,000 above January of 2011 so we are going to start the year well ahead of 2011. As I have stated in previous Cattales housing sales drive a lot of related business in Batesville. When housing sales increase businesses such as flooring, plumbing, electrical, etc. normally see increased volume as new home owners remodel some aspects of their newly purchased home. • In an effort to stimulate sales in Batesville we have kicked off our Batesville Stimulus Program. If Countryside Realty represents you in the purchase of any house in 2012 listed by any Realtor, you will receive up to $1,500 in Batesville Gift Certificates, following a successful closing. For complete details about this program, please visit www.CountrysideRE.com or call us at 812-934-6191

Dec

December Cattales

December 2011

JUST THE STATS By: Jim Dreyer •Sales in November were $1,333,000 compared to November, 2010 of $1,232,900. • Year-to-date sales of $14,374,097 compared to $12,690,924 in 2010. •There were 8 homes sold in November compared to 7 in November, 2010. •Year-to-date 79 homes have been sold compared to 82 in 2010. •Number of homes listed for sale decreased for the 2nd month in a row to 75 compared to 79 at the end of October. • At the end of November there are 8 houses pending sale. Based on that I am estimating the sales for December to be approximately $1,100,000 compared to $577,750 in 2010. •With my estimate of sales in December we will improve our status on a year year-to-date basis and be ahead of 2010 by approximately $2,200,000. We are currently ahead of 2010 by $1,683,173. •We continue to be ahead of 2010 in total dollar sales. It is also interesting to note the average sale so far this year is $181,951. Our highest ever was $185,174 in 2007. Prior to that, our average all the way back to 1999 was $176,007 or less. There are 8 houses pending sale compared to 10 at the end of September. With the continuation of the record breaking low interest rates and the excellent homes on the market, I would hope that we can see our market continue to recover from the previous three down years. If you have any questions about real estate sales in Batesville don’t hesitate to call us at 812-934-6191 begin_of_the_skype_highlighting              812-934-6191      end_of_the_skype_highlighting.