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Posts from October 2018

Bain Real Estate - Market Update

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English
October
10

October 10th, 2018 by

Bain Real Estate Spectacle Lakes 2018 October Market Report.

PLEASE CLICK HERE TO SEE THE MAP

Have we reached equilibrium between buyers and seller after 10 years?  From the bottom of the market to today there has been a slow, arduous climb of local real estate values.  In the ensuing ten years values have improved with buyers returning to the market; returning however with a tempered desire to purchase. Sellers in turn reacted by lowering asking prices making it more appealing to the buyers. So, growth has ensued.

 

2006 was arguably the peak of the market prior to the Great Recession. Below is the data from 2006 showing an average sales price of $475,000 (rounded). The second box (Oct. 2017-Oct. 2018) shows an average sales price of $675,000 (rounded)...

Click Here to Read More...

Categories: Spectacle Lakes
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