Crestview NW: Values are declining. But low supply. Are the dog days over?
I haven’t appraised in Crestview in quite some time. I heard there were a LOT of foreclosures.
I haven’t appraised in Crestview in quite some time. I heard there were a LOT of foreclosures.
I’m not really optimistic on Crestview. Values have steadily declined the past 5 years. But there is an under supply. Maybe poised for comeback. If you can get a house or townhome less than $75,000, you can rent it for $900 per month or higher. But what happens when the rental market softens?
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(1) How Long to Sell a House in Crestview SW? Between 114 and 140 Days
(2) There is an Under Supply
(3) There are 109 Active Listings For Sale
(4) Median Sale Price is $165,000
(5) Average Sale Price is $170,079
(6) Over $43,000,000 Total Dollars Sold YTD
(7) Most Are Selling 3% Less Than List Price
(8) Values Are Declining
(9) How Many Foreclosures? 48 And 40 Short Sales
BLT: “Dog Days are Over?” by Florence and the Machine
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BBQ: “The mind once enlightened cannot again become dark.”
– by Thomas Paine