Castle Mountain Creeks Market Update
August 16th, 2008 categories: Castle Mountain Creeks, Garden Valley Real Estate
Castle Mountain Creeks Real Estate Market Update
As is normally the case, the number of folks looking for property in Garden Valley, has risen during the summer months. Unlike past years, most buying prospects tend to be looking in the lower price ranges. Most of them seem to be immune to the financing availability woes, have good credit, money for a down payment but they seem to be dragging their feet. Everyone, both Buyers and Sellers, are waiting for some sign that we have hit the bottom of the market.
We are beginning to see some price adjustments. Inventory levels continue to rise. The selection of land and homes is extremely good. A little good news on the economic front will boost confidence and encourage Buyers to act.
Garden Valley Year To Date Sales, compared to the same period in 2007, are down 7.4%. Number of days on the market has increased by 30%.
Barney says”Let’s put some pep into this market”
If you would like more detailed information, I’m in the neighborhood and always available to help. Contact me or visit the Garden Valley Real Estate Blog at www.gardenvalleycurrents.com
