Good evening, I hope everyone enjoyed this amazing South Georgia weather this weekend, I showed homes at Villages on Marne this morning and had an open house at The Preserves at Cinder Hill this afternoon, and had a great turnout. Here is your weekly Hinesville/Fort Stewart residential real estate report for the week ending January 27, 2013. According to the Hinesville MLS there are 522 residential properties for sale in the Liberty/Long county area, +1 over last week, of those;
80 are foreclosures -1 from last week
71 are builder properties +6 from last week
We have 89 pending sales -4 from last week, of those;
25 are foreclosures +3 from last week
18 are builder properties -5 from last week
We had 13 closed transactions during this reporting period.
Home ownership is still the American Dream, prices have come down somewhat and interest rates are still at historical lows. Nationally the media is reporting continued growth in the National housing market over all. I believe, you will see the media reporting that building material inventory levels are at all time lows, if you are “on the fence” about buying a home to live in or invest in, when you start hearing these reports you had better get serious. When they start reporting shortages builders will start raising prices. This will complete the next part of the recovery cycle. I hope everyone has a fabulous week and remember if you are thinking about buying or selling real estate anywhere in the world let me show you the way home.