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Sunday, 07 February 2010
Real Estate for sale in Piqua Area
3013 Chinook, Piqua, 3 bed, 2 bath, 1772 sq ft, 2 car garage, $160,000
938 Fountain, Troy, 3 bed, 2 bath, 1678 sq ft, $77,900
4065 N St Rt 48, Covington, 3 bed, 3 bath, 2266 sq ft, $225,000
414 Camp, Piqua, 4 bed, 1.5 bath, 1672 sq ft, $87,900
251 E Main, Piqua, 3 bed, 2 bath, 1200 sq ft, $50,000
9633 Country Club, Piqua, 4 bed, 2 bath, 1975 sq ft, $130,000
For more information on these homes or any homes in Miami or Shelby Counties, contact Kathy Henne at 937-778-3961 or Kathy@KathyHenneTeam.com
Sunday, 07 February 2010
Recent Piqua Area Home Sales
The local Multiple Listing Service reports these homes as sold by real estate agents.
903 W High, Piqua, 3 bed, 1.5 bath, 1065 sq ft, 1 car garage, list price $70,000, sale price $70,000, 1 day on market
703 Gordon, Piqua, 3 bed, 1 bath, 1280 sq ft, original list price $74,900, list price at sale $69,900, sale price $71,900, 108 days on market
1008 Plymouth, Piqua, 3 bed, 1.5 bath, 999 sq ft, list price $84,900, sale price $75,000, 98 days on market
2 Falcons Nest, Piqua, 5 bed, 3.5 bath, 2586 sq ft, original list price $239,900, list price at sale $199,900, sale price $170,000, 187 days on market
2 Eagles Way, Piqua, 4 bed, 2.5 bath, 2670 sq ft, list price $256,985, sale price $250,000, 40 days on market
Keep in mind that the seller may have paid for the buyers closing costs with reflect in the sale price. For more information on these homes or any homes in Miami or Shelby Counties, contact Kathy Henne at 937-778-3961 or Kathy@KathyHenneTeam.com
Wednesday, 03 February 2010
Phew! After four years of declining home sales, the numbers appear to be finally stabilizing, with closed sales and pending contracts at above-normal numbers. In particular, first-time buyers are helping buy the market by taking advantage of low prices and interest rates, as well as the $8,000 tax credit offered by the federal government.
At least for now, home prices remain attractively low, and mortgage payments as they relate to income are very comfortable. All the information seems to point to the fact that home prices have actually overcorrected downward. What does that mean? It indicates that many markets may experience a price "snap back," with values increasing a lot more than the historical average of 3% appreciation per year.
Some factors may continue to make buyers cautious, mostly declines in retirement savings and a lukewarm economic recovery with unemployment hovering around 9% to 10% nationally. Now is not the time to hesitate, however, as mortgage interest rates are expected to rise in 2010.
We can expect the momentum of home sales to continue, especially with the extension of the tax credit through April and the fact that qualification is no longer limited to just first-time buyers. Prices and interest rates will rise this year, so buyer confidence should be at an all-time high. The pressure cooker of pent-up demand is about to blow its top! Make sure you're in a position to take advantage of this incredible opportunity as a buyer or a seller!
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