March April Newsletter 2010
AD Smith Team
(Real Estate Update, Upcoming Smith Camps, & Free Pizza)
AD Smith Team Newsletter Part 2 of 6 2010
Greetings Friends! I hope this note finds you all well!
First of all my apologies for being out of touch of late! 2010 seems to have flown by to this point and it’s amazing to me that we are approaching May already. I neglected to send out my Feb/March newsletter and hope the Papa’s Pizza coupon below will enable you to forgive meJ
Work has been busy with many buyers and sellers taking advantage of the soon to expire tax credits for first time home buyers and those upgrading to new homes. Thanks to those credits and a spectacular base of clients and friends, I’m actually 20% ahead of my pace for ’08 and ’09 and am hopeful to again finish both, atop Keller Williams’ 90+ agents and in the top 1% of Lane County Realtors.
Buyers still have until the end of April to be in contract to qualify for the $8000 credit for first timers and $6500 for others moving to a new primary residence.
Thanks again to you all for your support!!
Please don’t hesitate to call or email anytime I can be a resource. I’m happy to help any way I can.
All the best!!
AD
Real Estate Update
Some mixed news in the local market. Activity was considerably up compared to 2009, although prices were still off of 2009 and before levels. While current inventory levels, pricing, and interest rates suggest the current market is still “a buyer’s market,” other economic factors point to a more equitable market coming soon. See highlights below or click here for the most recent market snap shot.
March Residential Real Estate Highlights
Comparing March 2010 to the same month in 2009, closed sales grew 39.6% and pending sales jumped 51%. New listings also rose 45.7%. Further, when comparing March 2010 with February 2010, closed sales increased 53.6% (275 v. 179), pending sales were up 23.3% (391 v. 317), and new listings increased 25.7% (705 v. 561). At the month’s rate of sales, the 2,150 active residential properties would last 7.8 months.
Sale Prices
The March 2010 average and median sale prices fell 6.9% and 7.9%, respectively. Compared with February 2010, average sale price rose 1.3% ($214,800 v. $212,100) and median sale price grew 4.2% ($198,000 v. $190,000).
First Quarter Report
Comparing the first quarter of 2010 with that of 2009, closed sales increased 33.9% (597 v. 446). Pending sales also grew 40.6% (911 v. 648) and new listings went up 30.3% (1,816 v.1,394).
Smith Camps Update!
Updated Pictures from 4th Annual AD Smith Free Basketball Clinic
Updated Pictures from 2010 K-2 Series w/ Burdy & AD Smith
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Burdy and I are proud to announce that Smith Camps will be putting on the 2nd Annual Smith Summer Basket and Smith Summer Soccer Series in the summer of 2010. *
Registration will be available @ www.adsmithteam.com in mid may for camp dates below.
Smith Summer Basketball Series
(June 19th, June 26th, July 10th, July 17th)
Smith Summer Soccer Series
(August 7th, 14th, 21st, & 28th)
* Camp will be open to all K-5th grade boys and girls
* Camp will begin at 10am on each Saturday morning.
* Scholarships Available
Free Client Appreciation Coupon for this Month!
If you’d like a coupon please just drop me an email with a mailing address and I’ll send them out ASAP. All the best!!
* AD Smith Basketball---Latest Updates
* Complete Lane County Market Action--with Graphs
* Options when Facing Foreclosure!
* Find Distressed Properties the Day they Hit the Market!
Archived Newsletters
Jan/Feb Newsletter 2009 (Short Sales and Obama Changes)
March/April Newsletter 2009 ($8000 Tax Credit)
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