We are at a crossroads in our real estate market.
2011 sales are up about 25% over 2010, a 25% increase over 2009. In 2009, we had the lowest number of sales reported in the last 15 years in our local MLS. We've trended up from the bottom for the last two years, and prices have not yet begun to rise. Judging by pending versus active listings, prices in some sectors have stabalized, while other sectors have yet to reach bottom.
For example, in the low-end sector of single family home sales under $100,000, there are 21 properties on the market and 13 of those are pending; evidence that this market sector has stabalized.
We believe other market sectors will even out in the weeks and months ahead.
This is a golden opportunity to buy with prices still low, and demand getting stronger. Carefully watch your favorite market sectors for th earrival of your ideal window to but. WIth interest rates remaining low, inflation and unemployment dropping, we have ideal conditions for buyers to invest in Sun Valley.
Don't miss the winter edition of our catalog, Sun Valley Style, on stands and also viewable online: