Forums Forums - Off Topic Forum FUN

Go Back   Forums Forums - Off Topic Forum FUN > Off Topic Forums > Real Estate

Real Estate Buying, Selling, Trading, Pricing etc etc etc

Thread Tools Search this Thread Display Modes
Old 10-26-2018, 01:43 PM
bczoom bczoom is offline
Super Moderator

Join Date: Sep 2005
Posts: 16,566
Thanks: 1,873
Thanked 2,577 Times in 1,132 Posts
bczoom will become famous soon enoughbczoom will become famous soon enough
Style: T66
Default How is real estate doing in your town/zip code?

There's been a lot of growth heading toward our town from the suburbia about 15 miles to our south. That, coupled with our desired school district has put real estate in our rural town on fire. Our school district is a small conservative school that only has 1000 kids from K-12. The adjoining district has over 1000 kids per grade.

I regularly check for our zip code. Any reasonably priced (under $1 million) house normally has "sale pending" within a day of it coming on the market. Right now, our entire zip code has 3 listings. 2 houses that are $1.5M+ and my bunker. That's it.

I bought the house next door a couple months ago. I've received several calls from people wanting to rent or buy it. Had to turn them down.
If you didn't hear it with your own ears or see it with your own eyes, don't invent it with your small mind and share it with your big mouth.
Reply With Quote
The Following 2 Users Say Thank You to bczoom For This Useful Post:
FrancSevin (10-26-2018), Jim_S  (10-26-2018)
Old 10-26-2018, 01:58 PM
FrancSevin's Avatar
FrancSevin FrancSevin is offline
Silver Member
Join Date: Oct 2011
Posts: 11,945
Thanks: 8,394
Thanked 12,677 Times in 3,825 Posts
FrancSevin has a spectacular aura aboutFrancSevin has a spectacular aura about
Default Re: How is real estate doing in your town/zip code?

Three bedroom 2 bath 1500 SQ Foot ranch homes are selling in my neighborhood at about $200K. that is up from $150K in 2016. Back then a house was on the market for 2 to 3 months minimum. Often six months or more and selling under asking.

Now they are often sold before listing or within a day or two.

My house is currently appraised well over $200K But that is because of the upgrades. Lucky for us because we used it to finance our business during the Obama times. Now it is well above the mortgage.

However, it is not finished and also not for sale.

Back in 2009 GM was running one shift four days. Now they are 24/7. local $150K to $250K new homes they couldn't give away sat empty and developers folded. Now the same houses are selling in the $350K to $600K range.
Proudly Deplorable
When criminal justice is supplanted by social justice there is no justice.
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Real estate as a investment ?? BigAl Private Investing Forum 7 12-12-2010 02:01 PM
Anyone investing in Real Estate now? Melensdad Business 101 Forum 13 11-27-2009 01:49 AM
How NOT to market real estate... AndyM Business 101 Forum 3 03-14-2009 10:27 PM
Canceling a Real Estate Bid jwstewar Misc Consumers Forum 23 02-28-2009 09:32 PM
Are We in a Real Estate Bubble? Cityboy Open Forum 11 08-01-2006 06:36 AM

All times are GMT -4. The time now is 02:57 AM.

Powered by vBulletin® Version 3.8.9
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Copyright 2002 - 2020