Farmington, MO Market Statistics for 10/5/09-10/11/09

The Farmington area has much to offer from beautiful, restored Victorian Homes to modern, new construction. Our area offers many events and destinations to visit. Among our many events and destinations, we have several wineries, golf courses, shopping, restaurants, and boutiques which always make for a great visit or stay. Currently, the Farmington area offers 227 homes for sale. This is the same as the previous week with 8 homes still pending closing.

DON'T FORGET...................

TAKE ADVANTAGE OF THE $8,000 FIRST-TIME HOMEBUYERS TAX CREDIT

WHICH IS SET TO EXPIRE ON DECEMBER 1ST!

Residential

            Active Listings              

                      Units                              227

                Avg. List Price:      $170,122 

                     Avg. DOM                     141

        Pending Sales

                Units                                  8

                Avg. List Price:      $106,675

                Avg. DOM                              76

        Solds

                Units                                  5

                Dollar Value          $500,000

                Avg. List Pice        $103,480

                Avg. Sold Price     $100,000

                Avg. Market Time            54

                Avg. % of List Price     96.64

Properties are still moving in our area and we have seen a great increase in showings as well as offers written. Buyers, please do not wait on the fence any longer. The market is not a game and none of us can predict when home prices will start to rise or fall. I can tell you from speaking with other REALTORS, more and more people are looking and getting reay to buy. Don't keep waiting for the market to drop more so you can get a better deal. If you are waiting for tomorrow's better deal, you will miss today's great deal which is usually better than tomorrow. If you have any questions, feel free to call Tom Hernandez at 573-210-8606, visit my website http://www.tomworks4u.com/, or email me at tom.hernandez@century21.com. Thanks and have a great day!