FHA has come out with its long-awaited rules on condominium loans, and they’re a mixed bag for investors, second home and other buyers and sellers.
Archive for June, 2009
FHA has come out with its long-awaited rules on condominium loans, and they’re a mixed bag for investors, second home and other buyers and sellers.
In a move to ward off foreclosure, a luxury condo developer has turned the units intended to sell for more than a quarter million dollars into a homeless shelter with the help of a New York-based nonprofit.
In a move to ward off foreclosure, a luxury condo developer has turned the units intended to sell for more than a quarter million dollars into a homeless shelter with the help of a New York-based nonprofit.
|
Year to Year Comparison |
|||
|
Month |
May-2008 |
May-2009 |
% Change |
|
% Sold Price to Asking Price |
97% |
94% |
-3% |
|
Sold Homes |
469 |
387 |
-17% |
|
Listing Price Per Home |
$ 353,640 |
$ 331,171 |
-6% |
|
Sold Price Per Home |
$ 341,423 |
$ 311,504 |
-9% |
|
Sold Price Per Sq Ft |
$ 168 |
$ 152 |
-9% |
|
MLS Days On Market Per Home |
69 |
92 |
33% |
|
Month of Month Comparison |
|||
|
Month |
Apr-2009 |
May-2009 |
% Change |
|
% Sold Price to Asking Price |
95% |
94% |
0% |
|
Sold Homes |
352 |
387 |
-1% |
|
Listing Price Per Home |
$ 301,839 |
$ 331,171 |
10% |
|
Sold Price Per Home |
$ 288,004 |
$ 311,504 |
10% |
|
Sold Price Per Sq Ft |
$ 150 |
$ 152 |
8% |
|
MLS Days On Market Per Home |
98 |
92 |
1% |
Talk with a local Philadelphia Real Estate Agent. Search for homes and condos in Philadelphia. Read a neighborhood overview of Philadelphia, PA. All numbers are from the MLS and are deemed reliable but not guaranteed as of 6/29/09.
|
Year to Year Comparison |
|||
|
Month |
May-2008 |
May-2009 |
% Change |
|
% Sold Price to Asking Price |
97% |
94% |
-3% |
|
Sold Homes |
469 |
387 |
-17% |
|
Listing Price Per Home |
$ 353,640 |
$ 331,171 |
-6% |
|
Sold Price Per Home |
$ 341,423 |
$ 311,504 |
-9% |
|
Sold Price Per Sq Ft |
$ 168 |
$ 152 |
-9% |
|
MLS Days On Market Per Home |
69 |
92 |
33% |
|
Month of Month Comparison |
|||
|
Month |
Apr-2009 |
May-2009 |
% Change |
|
% Sold Price to Asking Price |
95% |
94% |
0% |
|
Sold Homes |
352 |
387 |
-1% |
|
Listing Price Per Home |
$ 301,839 |
$ 331,171 |
10% |
|
Sold Price Per Home |
$ 288,004 |
$ 311,504 |
10% |
|
Sold Price Per Sq Ft |
$ 150 |
$ 152 |
8% |
|
MLS Days On Market Per Home |
98 |
92 |
1% |
Talk with a local Philadelphia Real Estate Agent. Search for homes and condos in Philadelphia. Read a neighborhood overview of Philadelphia, PA. All numbers are from the MLS and are deemed reliable but not guaranteed as of 6/29/09.
|
Year to Year Comparison |
|||
|
Month |
May-2008 |
May-2009 |
% Change |
|
% Sold Price to Asking Price |
96% |
95% |
-1% |
|
Sold Homes |
737 |
617 |
-16% |
|
Listing Price Per Home |
$ 232,766 |
$ 243,016 |
4% |
|
Sold Price Per Home |
$ 223,324 |
$ 230,791 |
3% |
|
Sold Price Per Sq Ft |
$ 83 |
$ 83 |
1% |
|
MLS Days On Market Per Home |
72 |
85 |
19% |
|
Month to Month Comparison |
|||
|
Month |
Apr-2009 |
May-2009 |
% Change |
|
% Sold Price to Asking Price |
95% |
95% |
0% |
|
Sold Homes |
517 |
617 |
19% |
|
Listing Price Per Home |
$ 235,167 |
$ 243,016 |
3% |
|
Sold Price Per Home |
$ 222,723 |
$ 230,791 |
4% |
|
Sold Price Per Sq Ft |
$ 82 |
$ 83 |
2% |
|
MLS Days On Market Per Home |
89 |
85 |
-4% |
Talk with a local Houston Real Estate Agent. Search for homes and condos in Houston, TX area. Read a neighborhood overviews of the Houston, TX. All numbers are from the MLS and are deemed reliable but not guaranteed as of 6/29/09.
|
Year to Year Comparison |
|||
|
Month |
May-2008 |
May-2009 |
% Change |
|
% Sold Price to Asking Price |
96% |
95% |
-1% |
|
Sold Homes |
737 |
617 |
-16% |
|
Listing Price Per Home |
$ 232,766 |
$ 243,016 |
4% |
|
Sold Price Per Home |
$ 223,324 |
$ 230,791 |
3% |
|
Sold Price Per Sq Ft |
$ 83 |
$ 83 |
1% |
|
MLS Days On Market Per Home |
72 |
85 |
19% |
|
Month to Month Comparison |
|||
|
Month |
Apr-2009 |
May-2009 |
% Change |
|
% Sold Price to Asking Price |
95% |
95% |
0% |
|
Sold Homes |
517 |
617 |
19% |
|
Listing Price Per Home |
$ 235,167 |
$ 243,016 |
3% |
|
Sold Price Per Home |
$ 222,723 |
$ 230,791 |
4% |
|
Sold Price Per Sq Ft |
$ 82 |
$ 83 |
2% |
|
MLS Days On Market Per Home |
89 |
85 |
-4% |
Talk with a local Houston Real Estate Agent. Search for homes and condos in Houston, TX area. Read a neighborhood overviews of the Houston, TX. All numbers are from the MLS and are deemed reliable but not guaranteed as of 6/29/09.
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