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Market Conditions in Durand : Real Estate Advice

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Activity 2
Tue May 20, 2014
Charles Tiffany answered:
Yes, We are working with several lenders local to the area that are utilizing WHEDA, FHA, & USDA financing as well as providing lower down payment conventional loans to qualified individuals. 30-year Rates are currently in the 4.25 - 4.875 area depending upon credit score, employment history and ability to payback. Prime Realty specializes in taking buyers & sellers thru the entire process and assists in finding lenders & other vendors that can provide insight for home ownership. ... more
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Mon Jan 27, 2014
Charles Tiffany answered:
2013 stats: Original List Price:Selling Price = .82 Final list price : Sales price = .92 This is based on 27 sales in Durand, of which 8 were foreclosures & short sales. In summary, the homes that are not distressed and sellers are realistic with current market conditions, & they have a quality home that can meet inspections we will find a buyer eventually but avg days on market are approx. 241 days. Once the price exceeds $150,000 the avg days on market go up substantially with only rural properties being sold above this price in 2013. Of the 27 sales in the city, Prime Realty was involved with 16 as the listing agent, selling agent or both. ... more
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