Local Market Update – 02-13-2007
Local housing in several subdivisions had slowed a bit in the past six months – but is starting to rebound now that new home list prices have been adjusted. In some cases, new home prices in particular subdivisions are down $20,000! Talk about savings.
If you’re interested in investing in real estate, there are many excellent properties available in this area. Especially in light of the BRAC (Base Realignment and Closure) status of Ft. Benning, GA.
Upwards of 30,000 are expected to move into the Phenix City, AL / Columbus, GA area over the next four years or so – just for Ft. Benning.
Some investors are purchasing new homes, in the hopes of either renting them to military and civilian employes; or, reselling the homes within the next couple of years for a profit.
If this sounds like something you would be interested in, then drop me a line at David@DavidsRealEstateSales.com
Stats for 01/01/2007 – 2/13/2007
Total New Listings During This Time Frame 315
Median Sold Price “$147,000 “
Average Sold Price “$165,830 “
Average Days on Market 138
Total Sold Dollar Volume “$12,934,722 “
Total Home Sales Sold Dollar Volume “$12,934,722 “
Type of Financing Analysis
Financing
Cash 10
Conventional 41
FHA 5
VA 20
Other 2
