Spring has Sprung !

If April showers bring May flowers, What do May showers bring? A Dilemma.
Did you know……
A mortgage of $400,000.00 @ 3.5% costs $1996.00/month
@ 4.5% costs $2212.00/month
@ 5.5% costs $2440.00/month
…and this is largely what is fuelling our real estate market at present. Take advantage of cheaper money. It will not stay with us for too much longer!
$400,000 Mortgage @ 4.5%
with a 25 year amortization costs $2212.00/month
with a 30 year amortization costs $2016.00/month
FEB Sales of 6,266. 14% lower than Feb 2010 BUT very strong average of $454,000
MAR 2nd busiest on record. Down 11% from Mar.2010. 9,262 sales. Average of 5% $456,000
APR April sales of 9,041 went down 17% from Apr 2010 but our supply resulted in average sale price going by 9% to $477,400!!!

Category : Blog

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