EQUITY FIFTY-FIVE REAL ESTATE
THE MIKE FIX TEAM
THE MIKE FIX TEAM
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Quarterly Newsletter from The Mike Fix Team.
One month of summer and the 4th of July have already gone!
Still time to find that new home and be in before school starts.
Team Updates:
Justin Fix has joined the United States Marine Corp. and Mike’s oldest son, Jarred has joined the United States Air Force. They are
scheduled to leave for basic training somewhere in the middle of September.
We wish them well in wherever it may take them.
HOME SALES:
May Home Sales Up Over 46% Compared to April
Sales Continue to Increase for 5th Consecutive Month in 2008
RASI released its May 2008 housing statistics yesterday, showing a steady upward trend in home sales compared to previous months
this year. St. Clair County posted a 46.4 percent increase in home sales in May 2008 compared to April 2008, selling 90 more homes in
May compared to April. Only seven less homes sold in May 2008 compared with May 2007, showing continued growth in the market.
For the second month in a row, Randolph County's 2008 monthly sales surpassed the sales reported in 2007. May of this year resulted in
a 6.67 percent increase in home sales compared to May 2007. The median home price increased by 53.2 percent. Year to date sales are
the highest recorded in the last four years.
Clinton County remained steady in sales, selling only two less homes this May compared to last May. The median home price increased
by 40.3 percent.
Monroe County showed mixed results, with a 22.04 percent increase in median home price but a slight decrease in home sales.
For the first time this year, Monroe County's home sales didn't increase from previous months.
Exterior Improvements
Vinyl Siding, Paint, Updated Front Entry
Average return at resale: 95.5%
The average national cost to replace 1,250 sq. ft. of vinyl siding: $7,239. Average return: $6,914, with a recoup rate of 95.5%.
A gallon of paint covers 400 sq. ft. of house.
Paint color cards take the guesswork out of choosing the right color combination for doors, trim and siding.
If you think your house was painted before 1978, test for lead before sanding or scraping.
Upscale, fiber-cement siding costs $10,393 and returns $10,771 at resale, an even better recoup rate of 103.6%.
If your columns have to hold up that pergola, make sure you purchase the load-bearing type. Fiberglass composite columns are popular
and durable. Check salvage yards for unique historic columns.
For an updated look, remove old awnings from over windows and doors.
Swap damaged wrought iron railings for real wood supports for a more inviting entry.
Give a bare, charmless porch a dramatic makeover by adding a pergola and columns
This site developed, created and maintained by The Mike Fix Team