PROPERTY VALUES BACK TO 2002 PRICING

This fact has been discussed in great detail for months amongst industry professionals. Where do we stand from a pricing standpoint? Well, reports from today say that property values have gone back to 2002 pricing which on average means the majority of properties out there have lost a full third of their value from just a couple of years ago. A frightening prospect indeed for those of us who had a nice litlle nest egg stashed away in our home values, but the reality today. Don't believe it? Try listing your home at 2007 prices and see if you even get a sniff from a buyer, it just won't happen.

THE REALITY OF SELLING A SINGLE FAMILY HOME IN EAGLE AND EAGLE RANCH.

I think it is clear after months of struggling home sale numbers in the Eagle and Eagle Ranch markets, that if you truly need to sell your single family home quickly, and at this point quickly can be defined as within three to four months, that your square footage price is going to absolutely begin with the number one, and not anything higher. This of course is my personal opinion, however, this is based on the facts that the average days on market in this market is currently 245 days. There have been three properties closed in this same market since the beginning of the year, this is out of 180 listed properties. This is quite the reality check for sellers and property owners at this point. I have had many listing appointments during the last couple of months and when potential sellers hear it's gonna take a list price somewhere between $150-$175 sqft. well, the reaction is never very positive, but this is what it will take to even get your single family property shown at this time. The outlook for sellers does not appear to look like it's going to change for quite some time either. However, if you are a buyer, and can find properties which are in a situation where they must be sold, this is a great time to shop for bargains.