2014 – 111 homes closed with 35 under contract. There was a 6% decrease in the average sale price compared to 2013 and there was a 25% decrease in the average sale price compared to 2006. 2014 – 93 condos closed with 14 under contract. There was a 20% increase in the average sale price compared to 2013 and... Read More »
Mortgage Rates Through the Years Here’s an overview of mortgage rates in the past four decades, as well as the approximate payment on a $200,000 mortgage and how it changes with the rise and fall of rates, according to Freddie Mac. 1970s Average 30-year fixed-rate mortgage: 8.86% Approximate payment on a $200,000 mortgage: $1,589 1980s Average 30-year fixed-rate mortgage: 12.70%... Read More »
Here are Sales statistics for the period January 1st – February 21st 2014: 29 houses closed with 40 under contract. There was a 26% decrease in the average sale price compared to 2006. 10 condos closed with 23 under contract. There was a 23% decrease in the average sale price compared to 2006. 2 lots closed with 7 under contract.... Read More »
Interest Rates are a full percent higher than this time last year and interest rates for 30-year fixed-rate mortgages are predicted to rise in 2014. If you have been sitting on the fence waiting to jump into our market, don’t wait any longer. Give me a call! Read More »
The following information is from our San Cap MLS. HOUSES Year – Number (closed) – Average Sale Price – Median Sale Price 2012 – 181 – $825,837(+.64% from ’11) – $560,000 2013 – 197 – $910,321(+10.23% from ’12) – $645,000 Note: 21 houses are under contract on 1/1/14, sale prices are not public at this point. Additionally, there are 2 houses under short... Read More »
This link will take you to an excerpt from a Harvard study on home ownership. http://www.keepingcurrentmatters.com/2013/12/10/harvard-5-financial-reasons-to-buy-a-home/ Good argument for why it is often better to buy than rent. Read More »
Don’t you wish you were here?! Another day in paradise…. Read More »
As of 11/16/13: There were 184 home sales closed with an average price of $926,134 which is up +12.14% from 2012 and down 19.05% from 2006. There were 181 homes sold in all of 2012. For Condos 150 have sold so far with an average selling price of $568,922. This is up 1.73% from 2012 and down 34.38% from 2006. In comparison 146 condos sold... Read More »
Both the houses and condo sales numbers are doing well so far this year. The average and median sales prices for both are ahead of 2012. Houses 2012 – 181 closed sales with average sale price of $825,837 and median price of $560,000 Houses 2013 YTD – 176 closed sales with average sale price of $926,274 and median price of $647,500; 10 more... Read More »
For the second year in a row, VIP Realty Group has been voted the best Real Estate Agency on the Islands. I have been with VIP since April 1990 and it is a great group of dedicated and friendly people. Thanks to all who voted for us. Read More »
