market conditions: Evansville Real Estate News Letter for January 2014 - 01/22/14 10:21 AM
Market Watch January 2014
Before we talk about 2014, I think this is an excellent time to compare the real estate market in 2013 to the previous year.  My ulterior motive is that from virtually any perspective 2013 was a great year!
Unit sales in our market increased just over 10% from 2012 to 2013, while the median price increased 2.2% over the same time frame.  While these increases did not improve quite as much as our statewide increases of 13.6% in units and 4.2% in median sales price this was still an excellent year.  If you remember Market Watch from … (0 comments)

market conditions: Local Real Estate Values: The Outlook for 2014 - 01/07/14 08:49 AM
If there is one question that homeowners and prospective shoppers have in common as we enter the New Year, it’s about the direction of local real estate values in 2014. Small wonder: the financial market meltdown of the last decade had such a profound impact on all forms of real estate that it still has many people looking nervously over their shoulders. How likely is another tumble in the coming 12 months? Will real estate values in Evansville continue to rise? Knowing the answer could make a big difference to anyone planning to buy or sell a home in the areathis … (1 comments)

market conditions: Evansville Real Estate News Letter for November 2013 - 12/02/13 08:03 AM
Market Watch
Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), recently gave his annual forecast for home sales for 2014. Dr. Yun has been the chief economist for NAR for several years and was recognized last year by USA Today as one of the top 10 economists in the country.
His estimate for sales of existing homes in 2014 is 5.12 million homes, virtually identical to 2013’s 5.13 million sales. He expects new home sales to reach 508,000 in 2014 compared to 429,000 in 2013. This forecast says total sales will be essentially identical to last year. Although … (0 comments)

market conditions: Evansville Real Estate News Letter for October 2013 - 10/31/13 07:19 AM
Market Watch
The national landscape for real estate has changed over the course of this year. Clearly 2013 has been an excellent year for real estate sales nationwide. Nationally year-to-date unit sales through September climbed 15%, while statewide units were up 14% and our local market increased 16%. Although these numbers are excellent the market is experiencing some other changes.
The mix of buyers has changed over the past few years. Investors represented about 34% of all buyers so far this year, while the percentage of first time buyers is fewer than 30%, a significant drop from historical levels, which have … (0 comments)

market conditions: Evansville Real Estate News Letter for September 2013 - 09/09/13 12:07 PM
 
MARKET WATCH
 
There are a lot of positive things to discuss about real estate in this month’s Market Watch, both locally and nationally. Although from both perspectives the news is good, the news is not necessarily the same.
According to Lawrence Yun, chief economist for The National Association of Realtors, sales prices nationally are 13.7% above last year’s levels. Prices are still 7.3% below their all time high (July 2006). Days on market data is more difficult to obtain accurately but best estimates are in the 60-70 day range. There is currently a 5.1 month supply of homes … (1 comments)

market conditions: Evansville Real Estate News Letter for July 2013 - 07/30/13 08:00 AM
Last month I said I would make this month’s Market Watch a comparison of the first six months of 2012 to the first six months of 2013. I knew this would be fun because by every measure, the first six months of 2013 have been better than the first six months of 2012.
Number of sold homes increased from 2095 units to 2390 units é 14.1% Average sales price increased from $125,838 to $131,171 é 4.2% Dollar volume of closed sales increased from $262.1 million to $310.8 million
é 18.6% List price to sale price ratio increased from 95.40% to 96.36% … (0 comments)

market conditions: Evansville Real Estate News Letter for May 2013 - 05/30/13 11:39 AM
Market Watch
Although home sales have improved across all regions of the country, including our local market, I believe there are some subtle differences in both the results and the reasons. First, from a national perspective, existing home sales increased again in April to an annualized rate of almost 5 million homes. This is up 9.7% from the same time last year. According to the National Association of Realtors (NAR) median sale prices for existing homes were up 11% in April compared to April of 2012. Nationally foreclosures and short sales accounted for 18% of sales in April, down significantly from … (0 comments)

market conditions: Pending Home Sales Slip on Constrained Inventory - 04/04/13 10:19 AM
February pending home sales flattened with limited buyer choices, but remained at the second highest level in nearly three years, according to the National Association of Realtors®.
The Pending Home Sales Index,* a forward-looking indicator based on contract signings, slipped 0.4 percent to 104.8 in February from a downwardly revised 105.2 in January, but is 8.4 percent higher than February 2012 when it was 96.6. Contract activity has been above year-ago levels for the past 22 months; the data reflect contracts but not closings.
Before January, the last time the index showed a higher reading was in April 2010 when it … (0 comments)

market conditions: Evansville Real Estate News Letter for March 2013 - 03/11/13 11:51 AM
Market Watch   This month I want to recap the local real estate market in 2012 compared to 2011. This is especially easy since our market improved in virtually every category last year. The easy place to start is closed transactions. Our BLC (broker listing cooperative, which used to be called MLS) closed 4,387 home sales last year up 8.83% from 2011. The median sales price increased 4.4% increasing our average sales price to $125,971. Days on market decreased 11.3% compared to 2011 but is still higher than I like, at 105 days. The big news, which I have mentioned frequently … (0 comments)

market conditions: Association Reports Jump in Home Sales - 01/03/13 09:05 AM
The Indiana Association of Realtors is reporting increases in November closed home sales. The organization says that number jumped 26.2 percent, compared to the same month in 2011. The average sale price throughout the state increased 5.1 percent.
The Indiana Real Estate Markets Report today released by the state’s REALTORS® shows that statewide, when comparing November 2012 to November 2011, the following occurred:
• The number of closed home sales increased 26.2 percent to 5,566,• The median sale price of those homes increased 8.6 percent to $119,500,• The average sale price increased 5.1 percent to $139,688,• The percent of original list … (0 comments)

market conditions: Evansville Real Estate News Letter for November 2012 - 11/28/12 09:22 AM
Market Watch     As I mentioned last month I will recap Lawrence Yun’s economic/real estate forecast for 2013. Lawrence Yun PhD is the chief economist for the National Association of Realtors. He graduated from Purdue University and received his doctorate in economics from The University of Maryland. He serves on Harvard University’s Industrial Economic Council and has been recognized as one of the top ten economic forecasters in the country. Dr. Yun is more optimistic about real estate than the economy as a whole. He anticipates sales of existing homes to reach 5 million units next year with the median … (0 comments)

market conditions: Evansville Real Estate News Letter for October 2012 - 10/15/12 10:07 AM
                                                                        Market Watch
 We are three quarters of the way through the year, sold units through September are 5% ahead of last year and, the median sale price is up 3.3%. Sales this year have exceeded those in the corresponding month last year in 7 of 9 months. Unfortunately, September was one of those two months. I am confident that there is a valid reason for this decline. I have felt for a long time that contested Presidential elections have a short-term, negative impact on real estate sales. Earlier this month I saw a national survey that confirmed my thoughts. According to … (0 comments)

market conditions: INDIANA REAL ESTATE MARKETS REPORT FOR JUNE 2012 - 07/27/12 07:35 AM
Home prices and market activity held strong during June according to themonthly Indiana Real Estate MarketsReport today released by the state’s REALTORS®.
Highlightsfrom the report include:
• The median sale price of homes statewide is in its seventh consecutivemonth of year-over-year increases and back to a level not seen since 2007.• The average sale price of homes statewide is in its sixth consecutivemonth of year-over-year increases and also back to a level not seen since 2007.• The number of closed home sales is in its 12th consecutivemonth of year-over-year increases with 2012 on track to surpass years in whicha federal … (0 comments)

market conditions: Evansville Real Estate News Letter for March 2012 - 03/19/12 12:12 PM
Market Watch   I have one important message in this month’s Market Watch: If you or someone you know is thinking about selling their house, list it NOW. Seriously, I know that sounds like a Realtor talking but it is also the truth. Let me tell you why. Combined January and February closed transactions are up 5% from last year and up 17% from 2010. The number of homes currently listed is down 10.1% from last year and down 17.6% from 2010. When sales increase, as they have, and listings decrease, as they have, the month’s supply of homes also decreases. … (0 comments)

market conditions: New-Home Sales Post Biggest Gains in Months - 11/30/11 11:56 AM
New-home sales for single-family homes rose 1.3 percent in October, marking the best pace for new-home sales activity since this May, the U.S. Commerce Department reports.
Following the sector’s worst year for new-home activity on record last year, several recent reports are suggesting a pick-up in new construction.
"Builders have been seeing some marginal improvement in sales activity over the past few months, particularly in select markets where consumer confidence is higher due to improved economic conditions," Bob Nielsen, chairman of the National Association of Home Builders, said in a statement. "While this trend is encouraging, overall sales activity is still … (0 comments)

market conditions: Home sales point to continued 'stabilization' period - 10/28/11 01:24 PM
Home sales in the Evansville area were up nearly 15 percent in the third quarter of 2011, compared to the same period last year, with Gibson County the only county in a four-county Southwestern Indiana metro area showing a slight decline.
At the same time, Gibson County led the way with a sharp increase in median home prices, an apparent result of near-back-to-normal operations at Toyota Motor Manufacturing Indiana near Princeton.
Median prices also rose in Vanderburgh and Warrick counties. The median increase in the four-county area was more than 10 percent better than in the July-September period last year, with … (0 comments)

market conditions: August Existing-Home Sales Leap Despite Headwinds - 09/26/11 01:42 PM
Existing-home sales increased in August, even with ongoing tight credit and appraisal problems, along with regional disruptions created by Hurricane Irene, according to the NATIONAL ASSOCIATION OF REALTORS®. Monthly gains were seen in all regions.
Total existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 7.7 percent to a seasonally adjusted annual rate of 5.03 million in August from an upwardly revised 4.67 million in July, and are 18.6 percent higher than the 4.24 million unit level in August 2010.
Lawrence Yun, NAR chief economist, said there are some positive market fundamentals. “Some of the improvement … (1 comments)

market conditions: Average Sales Price for Tri-State Homes Jump - 01/25/11 05:51 PM
The average sales price for residential homes in parts of the tri-state has jumped.
Local realtors say they are seeing an increase in demand when it comes to buying homes. With an increase of money people are getting for their homes, they say that combination could make for a strong housing market in 2011.
The Evansville Area Association of Realtors reports a 4.7 percent increase in both the average sale price and median sale price of homes sold in Vanderburgh, Warrick, Posey and Gibson counties, from 2009 to 2010.
"The fact that these have gone up means that people are buying … (0 comments)

market conditions: INDIANA REAL ESTATE MARKETS REPORT - 01/24/11 10:36 AM
2010 on par with 2009;Median sale price of homes increases for the 13th month out of the last 15
Today's release of the "Indiana Real Estate Markets Report" by the Indiana Association of REALTORS® (IAR) provides the usual month-over-month comparison and because of timing, also provides a comparison of calendar years that supports the association's past recommendation for reviewing housing data in the long-term.
Statewide, when comparing 2010 to 2009:The number of closed home sales decreased 6.6% to 57,765; andThe median sale price of homes increased 1.8% to $112,000.The Report at a glance: Statewide Housing Market Overview(Monthly Indicators) Sortable County Tables:One-month & … (0 comments)

market conditions: Market Watch January 2011 - 01/13/11 03:52 PM
The holidays are over. A new year has started and I know the snow won't last forever. Every year The National Association surveys thousands of buyers and sellers who purchased or sold homes the preceding year. Below you will see the most recent chart detailing where buyer's found the home they purchased.    Over the past few years F. C. Tucker Emge Realtors and I have adjusted the way we market homes. These changes are based on buyer behavior. Not surprisingly, the biggest change in buyer behavior has been a shift away from print media toward the internet for their real estate needs. In 2001 only 8% … (0 comments)

 
Rolando Trentini (F.C.TuckerEmge Realtors, LLC) Rainmaker large

Rolando Trentini

Evansville, IN

More about me…

F.C.TuckerEmge Realtors, LLC

Address: 7820 Eagle Crest Blvd., Evansville, IN, 47715

Mobile: (812) 499-9234

Office: (812) 479-0801

Email Me

About Me The Trentini Team of F.C. Tucker EMGE REALTORS® provides exceptional service to each of their clients as they help them to achieve their real estate goals. With their knowledge, experience and background, both Kathy and Rolando bring one-of-a-kind perspectives to the table during all of their real estate transactions. Their excellent communication skills combined with their passion for real estate allows The Trentini Team to follow through every time with the highest level of service possible. Rolando and Kathy are your premier Evansville and Newburgh, Indiana real estate source. They can help you buy your dream home or sell your current home for the best price possible. To learn more about what The Trentini Team can do you for you, contact us today!


Listings

Links

Archives

RSS 2.0 Feed for this blog