From RealTrends.com: May housing sales up for 9th month in a row as closed units up 19.8 percent over May 2009 while prices climbed 6.9 percent in same period. All regions were up strongly in both units closed and average prices. Continued impact of tax credit and low interest rates are main reasons.
Marion Skubi
Foreclosure Activity Down 3% in May
From RealTrends.com: RealtyTrac released its U.S. Foreclosure Market Report™ for May 2010, which shows that foreclosure filings were reported on 322,920 properties in May, a 3 percent decrease from the previous month and an increase of less than 1 percent from May 2009. One in every 400 U.S. housing units received a foreclosure filing during … Read more
May 2010
May 2010*single family homes Sales YTD Avg List Price Avg Sale Price 2009 Sales Value of the Month Las Campanas 10 1,045,300 1936,829 15 Northwest County 33 671,081 631,197 27 Northeast City 30 1,020,360 939,734 25 Tesuque 4 1,364,725 1,266,000 1 Santa Fe City 378 485,665 454,953 312 Santa Fe County 411 471,144 441,201 328 Go … Read more
Pending Home Sales Continue to Rise
From RealTrends.com: The Pending Home Sales Index rose 6.0 percent to 110.9 based on contracts signed in April, from an upwardly revised 104.6 in March, and is 22.4 percent higher than April 2009 when it was 90.6. That follows gains of 7.1 percent in March and 8.3 percent in February.
Commercial Real Estate Delivers First Positive Return in 18 Months
From RealTrends.com: Returns on commercial real estate investments reached 1.2% in Q110, the first positive return in 18 months, according to the IPD Quarterly Property Index. The report monitors the trends in the underlying market value and returns of $76 billion of assets held by real estate fund managers in the United States. The office … Read more
Mortgage Rates at Lowest Level of the Year
From RealTrends.com: Long-term mortgage rates fell to the lowest level of the year this week, after falling for five consecutive weeks. Freddie Mac’s weekly rate report puts the average 30-year fixed-rate mortgage at 4.93 percent in the week ending May 13, down from 5 percent last week. Source: Washington Business Journal, Jeff Clabaugh,(05/17/2010)
Marion Skubi Group Second Quarter Newsletter is Here!
Our second quarter Newsletter is hot off of the press! Click Here to Read the 2010 Second Quarter Newsletter
Pending Home Sales on an Upswing
From RealTrends.com: Pending home sales increased again in March, affirming that a surge of home sales is unfolding for the spring home buying season, according to the National Association of REALTORS®.
The Club at Las Campanas Completes Turnover to Member Ownership and Control
(SANTA FE, NM – May 5, 2010) – Representatives of The Club at Las Campanas and of Las Campanas Limited Partnership today reached final agreement on the debt-free transfer of ownership and full operational control of The Club to its members, effective today. The agreement concludes negotiations that began nearly a year ago, when Representatives of the Bank of Scotland (Now Part of Lloyds Banking Group) assumed control of various Lyle Anderson Company real estate holdings, including Las Campanas Limited Partnership and The Club at Las Campanas.
April 2010
April 2010*single family homes Sales YTD Avg List Price Avg Sale Price 2009 Sales Value of the Month Las Campanas 8 1,138,625 1,014,786 11 Northwest County 22 671,327 631,841 23 Northeast City 24 978,996 894,167 21 Tesuque 1 200,000 200,000 0 Santa Fe City 271 474,418 443,981 249 Santa Fe County 298 459,448 429,463 260 Go … Read more