For the Year 2010, The National Association of Realtors reported:
Nationally:
*50% of home buyers were first-time buyers.
*The typical first-time buyer was 30 years old. The repeat buyer was 49 years old.
* 2009 median household income of buyers was $72,200. First-time buyers median income was $59,900 and $87,500 for repeat buyers.
*New home purchases were at the lowest level in nine years, just 15% of all homes sold.
*They typical home purchased was 1,780 sq. ft. with 3 bedrooms and 2 bathrooms. Built in 1990.
* When purchasing a home, commuting costs were considered very or somewhat important by 76% of buyers.
*Nine in ten home buyers used the internet first to search for homes.
* 83% of buyers used a Realtor to purchase a home.
* Four percent of buyers purchased a foreclosed home and six percent purchased a short sale.
* 48% of buyers found their Realtor through a referral from a friend or family member.
* 91% of home buyers financed their recent home purchase. (First -time buyers 96% while repeat buyers were 86%.)
* 46% of all buyers said they had to sacrifice in areas of other areas of spending (entertainment, clothing, luxury items) to purchase their home.
* 26% of first-time home buyers reported the mortgage application and approval process was somewhat more difficult than expected, while 14% stated it was much more difficult than expected.
* The typical seller lived in their home eight years before selling.
* 88% of sellers used a Realtor to list and sell their home.
* 47% of sellers offered incentives to sell their home such as a home warranty or assistance with closing costs.
* 57% of sellers reported that they reduced the selling price of their home at least once.
* 86% of sellers were satisfied with their selling experience.
So, just what is for sale in CORBETT? There are currently 11 "Active" listings and things will definitely change in the upcoming spring when several have already told me that they will be listing their home. I read the RMLS daily and am very tuned into Corbett's real estate market. Please call me at any time if you should have questions. #971-221-9655.