Fort Smith Real Estate
Ft Smith home sales

Ft. Smith Real Estate July 09 Sold Market Report

September 6, 2009 by Ray Nellum · Leave a Comment 

If you are buying or selling real estate in the Ft. Smith Real Estate Market, you really need to stay on top of recently sold properties with the Ft. Smith area!  There’s way too much negative information about our market, and some of those statistics are based on a national average and not the average within the Ft. Smith Real Estate market.  You need to know the facts about the Ft. Smith Real Estate market, and it’s my job to keep you informed.

This Ft. Smith Real Estate Market Report covers homes sold July 2009 and covers the entire Sebastian County Residential Sold homes.

  • Homes sold:  136
  • Average List price:  $136,540
  • Average Sold price:  $131,195
  • Average Days on Market:  122 days

The graph below breaks down homes sold and the price ranges.  This image will give you an opportunity to see what sales price are the most active in Ft. Smith Real Estate .

july 09 price analysis Ft. Smith Real Estate July 09 Sold Market Report

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The following graph shows the break down of the Average Days on the Market!  This is important in Ft. Smith Real Estate because some homes have positioned the price of their home to be better, and with less days on the market!

You can see that 38% of the homes sold in July had been on the market for 120 days or more.

july 09 dom Ft. Smith Real Estate July 09 Sold Market Report

If you’re interested in buying or selling Ft. Smith Real Estate, please feel free to contact me in the form below!  My cell/text is 479-414-1894! Twitter

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Open House Sunday, May 17 from 1 to 3 pm Fort Smith Real Estate

May 16, 2009 by Ray Nellum · Leave a Comment 

5101 Hardscrabble Way, Fort Smith, AR

Searching for the “Perfect Home” in the Fort Smith Real Estate Market?  I’ve got your home right here.  Homes for sale in Fort Smith, just got more competitive with this beauty. 

Join me at my Open House at 5201 Hardscrabble Way  in Fort Smith from 1 p.m. to 3 p.m. 

You will be delighted with it’s contemporary design and uplifting feel.  This home is great for entertaining family and friends of all ages.  You can walk to Hardscrabble Country Club from your back deck!  Now that is convenient!

For more information, please call me at 479-414-1894!

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$8,000 What’s in Your Wallet? Fort Smith Real Estate

May 14, 2009 by Ray Nellum · Leave a Comment 

 

First Time Home Buyers in the Fort Smith Real Estate Market have a great opportunity to cash in with the New Tax Credit!    Could you use an additional $8,000??? So many buyers are on the fence and off the fence.  While you are trying to decide, you could be missing out on an opportunity of a lifetime.  Fort Smith Homes are at a great value right now for buyers!  Interest rates are absolutely amazing!

So if you are a buyer in market to buy a home is the Fort Smith Area, take a look at the tax credit breakdown.  I know, you may have read the information and don’t quite understand it all.  Below is a simple and easy breakdown of the Tax Credit.

For additional information please feel free to call me at 479-414-1894.

 

                FEATURE

CREDIT AS CREATED JULY 2008

REVISED CREDIT –

 

APPLIES TO All QUALIFIED

EFFECTIVE FOR PURCHASES ON

 

PURCHASES ON OR AFTER April 9,

OR AFTER JANUARY 1, 2009 AND

 

2008

BEFORE DECEMBER 1, 2009

Amount of

lesser of 10 percent of cost of home or

Maximum credit amount

Credit

$7500

increased to $8000

Eligible

Any single family residence (including

No change

Property

condos, co-ops, townhouses) that will

All principal residences eligible.

 

be used as a principal residence.

 

Refundable

Yes. Reduces (or can eliminate)

No change

 

income tax liability for the year of

Purchasers will continue to

 

purchase. Any unused amount of tax

receive refund for unused amount

 

credit refunded to purchaser.

when tax return is filed.

Income limit

Yes. Full amount of credit available for

No change

 

individuals with adjusted gross income

 

 

of no more than $75,000 ($150,000 on

Same income limits continue to

 

a joint return). Phases out above

apply.

 

those caps ($95,000 and $170,000).

 

First-time

Yes. Purchaser (and purchaser’s

No change

Homebuyer

spouse) may not have owned a

Still available for first-time

Only

principal residence in 3 years previous

purchasers only. Three-year rule

 

to purchase.

continues to apply.

Revenue Bond

No credit allowed if home financed

Purchasers who utilize revenue

Financing

with state/local bond funding.

bond financing can use credit.

Repayment

Yes. Portion (6.67% of credit or $500)

No repayment for purchases on

 

to be repaid each year for 15 years,

or after January 1, 2009 and

 

starting with 2010 tax filing.

before December 1, 2009

Recapture

If home sold before 15-year repayment

If home is sold within three years

 

period ends, then outstanding balance

of purchase, entire amount of

 

of repayment amount recaptured on

credit is recaptured on sale.

 

sale.

Applies only to homes purchased

 

 

in 2009.

Termination

July 1, 2009

December 1, 2009

 

(But note program changes for 2009)

 

 

Purchases on or after April 9, 2008 and

All revisions are effective as of

Effective Date

before January 1, 2009. Repayment to

January 1, 2009

 

begin for 2010 tax year.

 

 

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