Monthly sales and current listings for the month of September.
Residential – 52 Sold Median Price – $235,ooo
15 Bank Owned - Median Price $198,000
4 Short Sale – Median Price $282,000
33 Private – Median Price $259,000
520 Active Listings 70 Bank Owned 36 Short Sales
Land – 2 Sold 297 Active Listings
Commercial/Industrial - 0 Sold 68 Active Listings
Business Opportunity – 0 Sold 11 Active Listings
Mobile Home – 4 Sold 110 Active Listings
*Information provided by Tuolumne County MLS
The first time home buyers tax credit is getting closer to expiring. The $8,000 credit will expire on November 30, 2009. If you act now you can still close in time to receive the credit. Congress is considering to extend the credit beyond November 30th. Some important facts:
*The average time-frame from when you find a property until it closes is 30-45 days.
*The tax credit is for first time home buyers only. If you haven’t owned a home in the last three years, you are a first time home buyer.
*The tax credit does note have to be repaid.
*Single tax taxpayers with income up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
