As One Door Opens …..Another Closes!

New/Old Tax Credits, New Construction, New sales statistics, Free Ice Cream, Relay for life and more!
As of April 30th if you have not already opened escrow, you have missed out on the Federal 1st time home buyer tax credit of $8,000.
But wait … there’s more!!!! The State of California just passed AB 183 which provides a 1st time home buyer tax credit in the amount of $10,000 or 5% of the sale price, if you open escrow after May 1, 2010 and before August 1, 2011. So if you’re really good and plan well, you could actually receive up to $18,000 for a very limited time. In all fairness, the tax credit issue has really stimulated the buyers to get off the fence and buy that first home. It has really made a difference.
On to a more “constructive” note! Did you know that there have been 14 single family building permits issued by the City of Kingsburg since January 1st of this year? This is awesome news in that an increase in new home construction is one of the first indicators that a market has begun moving in the right direction. When Builders have the confidence to step out and take a risk, chances are the re-sale market is not far behind.
Check out the CMA box (comparative market analysis) to the right of this blog for the March Kingsburg real estate statistics. Due to the fact that we are getting so many “out of the area” listings from the Tulare County MLS, we have included those numbers in this months CMA. Our office is still experiencing a high volume of sales per month, but again, mostly in the under $200,000 range. The turn over for higher end homes still remains slow.
Don’t forget to click on the Free Ice Cream tab at the top of this page for that free ice cream from Baby Cakes and Superior Dairy. A big thank you to all who have applied ….. the response has been overwhelming!
Remember also the Kingsburg Relay for Life on May 22nd an 23rd. If you are interested in joining a team in remembrance of a loved one, please contact me at 647-1812. We’d love to have you a part of the Kingsburg Racing 4 a Cure team.

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