Real Estate Term of the Day: Depreciation & Obsolescence

Real Estate Term of the Day: Depreciation & Obsolescence DEPRECIATION – an decrease in the value of property due to obsolescence (Barron’s Dictionary of Real Estate Terms) OBSOLESCENCE – a loss in value due to reduced desirability and usefulness of a structure because its design and construction have become obsolete; loss due to a structure … More Real Estate Term of the Day: Depreciation & Obsolescence

January 2012 Market Report is Now Available

The January 2012 Market Report is now available YTD (January 2011 vs January 2012) Single Family Highlights: Increase in the Number of Closed Sales to 1,993 (up 15.6%) Average Days on Market decreased to 103 days (from 120 days) Number of Active Listings decreased 39.1% to 8,356 Average Sold Price decreased (down 2.0% from $277,922 … More January 2012 Market Report is Now Available