Brett Baker, E-Pro, GRI

Curious to know just how the market is doing in Jefferson City? Well, here are the details, hot off the press.

*All Information is for Jefferson City. No surrounding communities are included.*

There are 433 homes on the market with prices ranging from $26,650-$1,400,000.
To date there have been 217 homes sold this year.
The average sale price is $136,189
The average list price is $141,713
The average List Price to Sale Price ratio is 96%

Here is some interesting information on how these homes were financed.
199 out of 217 homes were purchased using conventional financing. (The banks are lending money!)
11 homes were purchased using cash alone.
4 homes were purchased using FHA financing.
3 homes were purchased using VA financing.

The hottest price range in the Jefferson City market has been $120,000-$139,999 There have been 33 homes sell to date.
The slowest price range is everything above $399,999. No homes have sold yet in 2008.

Homes on average are on the market for 91 days. This means it is normal to be on the market for at least 3 months.

Here is another interesting way to look at the data:
72 homes sold in 0-30 days
32 homes sold in 31-60 days
27 homes sold in 61-90 days
29 homes sold in 91-120 days
30 homes sold in 121-180 days
22 homes sold in 181-365 days
5 homes sold in 366-720 days

I hope this information is usefull to you. I will continue to update this post on a monthly basis.

Feel free to call Brett Baker at 573-761-3330 anytime. I love to talk Real Estate!

You read it right. No more 100% financing. Of course I can't speak for every community so I am speaking for mine, Jefferson City, MO. The local banks are no longer making true 100% financing options available to their customers. Now there are some ways around it...at least somewhat. They will still offer 80/20 programs. Many first time home buyers over the past few years have relied on these 100% financing program and have gotten themselves into a lot of trouble. I am glad my local banks are making these changes and I hope that first time home buyers will recognize the importance. Buyers...it is important that you are able to bring some money to the table in a Real Estate transaction. It helps make your offer more solid and it is a much better financial decision. Understand that it may mean waiting a bit longer until you can save the right amount to get started but it will be worth it.

Have a great day!

I saw this tree lined stree today and just had to take a few pictures. We are so ready for spring here in Jefferson City and I was glad to see some signs of it. The Real Estate market is picking up and trees are starting to bloom and for me that means buyers should be coming out of their shells and looking at homes. Sellers, it's time to do some yardwork, plant a few flowers and get your home looking good. Your competition will be. The next one was an eve better find because I could get the Capitol building in it as well. The Capitol building is the essence of our town so I just love to get pictures of it.

Look for this one on the cover of the Jefferson City Home Buyers Guide on Fridays. I am going to submit this one with a few others I took this weekend. Have a wonderful weekend!

Introducing The New Standard of

Excellence

In Real Estate Service

Brett Baker Delivers

Satisfaction Guaranteed

100% Satisfaction or My Commission Back

That's right, when you employ Brett Baker to sell your home, if, at the end of the transaction, you do not feel that he has earned his commission, he will gladly give it back. No hassles, no questions asked. Brett believes that his real estate knowledge, outstanding marketing skills, and a total commitment to service will convince you that he has indeed earned his commission. The problem with selecting a real estate agent today is that you usually don't find out how good or bad an agent is until the transaction is over and you have already paid his or her fee. Brett takes the risk out with his innovative Satisfaction Guaranteed program. If you are considering a real estate move call Brett Baker today. You'll be glad you did, it's guaranteed.

Curious to know just how the market is doing in Holts Summit? Well, here are the details, hot off the press.

*All Information is for Holts Summit. No surrounding communities are included.*

There are 433 homes on the market with prices ranging from $49,900-$539,000.
To date there have been 21 homes sold this year.
The average sale price is $146,928
The average list price is $149,879
The average List Price to Sale Price ratio is 98%

Here is some interesting information on how these homes were financed.
16 out of 21 homes were purchased using conventional financing. (The banks are lending money!)
2 homes were purchased using cash alone.
1 home was purchased using FHA financing.
2 homes were purchased using VA financing.

The hottest price range in the Jefferson City market has been $160,000-$179,999 There have been 7 homes sell to date.
The slowest price range is everything above $250,000. No homes have sold yet in 2008.

Homes on average are on the market for 87 days. This means it is normal to be on the market for at least 3 months. Not a great reason to try to make a low ball offer.

Here is another interesting way to ook at the data:
4 homes sold in 0-30 days
5 homes sold in 31-60 days
6 homes sold in 61-90 days
0 homes sold in 91-120 days
3 homes sold in 121-180 days
3 homes sold in 181-365 days
0 homes sold in 366-720 days

I hope this information is usefull to you. I will continue to update this post on a monthly basis. Have a great day!