Eastern Panhandle Real Estate & Community Blog

Here's an interesting piece I just received from Wells Fargo on changes to the way FICO scores are calculated. FICO Speeds Rollout of New Product to Meet Lender Demands 

If you find this type of news helpful please let us know so we can keep it coming.

Well, it's that time of the month when we take a look at the prior month and the same period a year ago thourgh our MLS data from Metropolitan Regional Information Systems.

For sellers it is still a pretty grim picture in both Berkeley and Jefferson counties. The most important numbers in Jefferson are the major drop in overall sales volume which fell in December by a whopping 37% compared to December 06 and the number of untis over the same period dropped by almost 44%. Berkeley did somewhat better with drops of 23% and 12% respectively. What does all this mean for Buyers? Well there certainly are deals to be had and it is a great time to be making that investment especially in the mid-price ranges of $250K to $325K

One of the most important numbers for Seller to be aware of is the ratio of List Price to final Sale price which in Jefferson in December ran at over 13% below list. We are accustomed to this number being between 5% and 7%

 For those of you that really get into the numbers here are links to the complete report as published by MRIS

Jefferson County Statistics - December 2007

Berkeley county Statistics - December 2007