| February 2012 |
JUST THE STATSBy: Jim Dreyer• Sales in January were $1,782,799 compared to January, 2011 of $799,800.
• There were 8 homes sold in January compared to 5 in January, 2011. • Year-to-date homes sold are the same. • Number of homes listed for sale decreased to 70 compared to 76 at the end of December. At the end of January there are 13 houses pending sale. Based on that I am estimating the sales for February to be approximately $1,500,000 compared to $407,000 in 2011. • If you remember last month's Cattales I reported that sales in 2011 increased by 13.1% over 2010. This month exceeded January, 2011 by $993,000 (124%). That is the highest January sales since 2005. Very exciting, indeed! Noth only that, but February sales will very likely exceed last year's February sales by $1,000,000. That will give us a better start than 2007 which was Batesville's best year ever. If we can sustain this momentum many local businesses like plumbing, electrical, flooring, painting, etc. should see an increase in their sales as new homeowners do some remodeling. Based on local banks yesterday the interest rate for a 30 year loan was 3.875% and a 15 year loan was 3.000%. How much lower does it have to go before the public starts looking at buying a new house?
• JUST A REMINDER. 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.
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