Investors Corner
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John's Investor Corner Lincoln County |
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Most of us would love to be able to predict where the housing market is going! Several expert real estate forecasters have tried just that but recently you might do just as well asking a crystal ball. One thing that is certain is that no one person knows where the bottom of the housing market is or exactly when it will start to pick up speed and begin its journey of moving from the current buyers market back into the more competitive sellers market. One way investors like to gather information is to look at past trends. This gives them an idea of what segments of the market have performed well in the past. Below is a chart compiled of sales information from Lincoln County from year 2000 to 2007. In January, I will add the results from 2008. I have further tables going back as far as 1990. If you would like that info as well please shoot me an e-mail.
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Information was gathered from the Lincoln County Board of Realtors Multiple Listing Sevice (MLS) from the period of 2000-2007. Information is deemed reliable but is not guaranteed and should be verified by interested parties.
- All sales in this study are considered arms-length open market transactions
- Land categories do not include septic denied or unbuildable parcels
- All improved sales include land value except condominiums
- The non-view improved category includes only single built residences. Does not include condominiums or mobile homes.
- New construction category includes only single family stick built residences. Does not include condominium or mobile homes
Check back next month for the 3rd quarter review!
