Part 4 of the Tim Bondy's Walmart Real Estate Index for Mountain Home, Idaho
Part 1 can be read here | Part 2 can be read here | Part 3 can be read here
The Mountain Home Real Estate Market Hasn't Bottomed Out Yet?
Monday, September 6th, 2010 had me heading to Walmart for some much needed items. It looks like in the last 40 days plenty of houses in Mountain Home have been sold or taken off the real estate market. Back on July 18th, there were 12 homes for sale along my 2.7 mile route to Walmart. Now there are only 6 homes for sale! That, however was the only positive "good" news.
The bad news is the number of homes in what appears to be in "foreclosure" has increased from 2 homes in July to 4 properties in September. The only way I can determine if a home is in foreclosure is by the color of the lawn and a sign on the front door. So I could be wrong about these 4 homes?
But if we look at other data on the internet, we find the average listing price for homes has decrease by nearly $6,000 in the last month or so. Couple this data with the "fact" that we are entering the slow season (Fall and Winter) for real estate and this tells me we still haven't hit rock bottom. The buyer(less) market continues to be the trend in Mountain Home, Idaho. At least that is the way I see it. Your mileage may vary!
The Walmart Real Estate Trend Graph and Numbers
July 2, 2010 – 11 Homes for Sale
July 9, 2010 – 12 Homes for Sale
July 18, 2010 – 12 Homes for Sale
September 6, 2010 – 6 Homes for Sale
Trulia Agrees with my Walmart Real Estate Trend for Mountain Home?
In the last month the total numbers of homes for sale in Mountain Home has dropped from about 230 to 190 homes. Again this is a "good news-bad news" trend. The average listing price for these homes has also dropped from $169,000 down to $163,000.
Thanks for visiting and commenting on this business article.
Tim Bondy
The Bondyweb.Com author
Part 1 can be read here | Part 2 can be read here | Part 3 can be read here
The Mountain Home Real Estate Market Hasn't Bottomed Out Yet?
Monday, September 6th, 2010 had me heading to Walmart for some much needed items. It looks like in the last 40 days plenty of houses in Mountain Home have been sold or taken off the real estate market. Back on July 18th, there were 12 homes for sale along my 2.7 mile route to Walmart. Now there are only 6 homes for sale! That, however was the only positive "good" news.
The bad news is the number of homes in what appears to be in "foreclosure" has increased from 2 homes in July to 4 properties in September. The only way I can determine if a home is in foreclosure is by the color of the lawn and a sign on the front door. So I could be wrong about these 4 homes?
But if we look at other data on the internet, we find the average listing price for homes has decrease by nearly $6,000 in the last month or so. Couple this data with the "fact" that we are entering the slow season (Fall and Winter) for real estate and this tells me we still haven't hit rock bottom. The buyer(less) market continues to be the trend in Mountain Home, Idaho. At least that is the way I see it. Your mileage may vary!
The Walmart Real Estate Trend Graph and Numbers
July 2, 2010 – 11 Homes for Sale
July 9, 2010 – 12 Homes for Sale
July 18, 2010 – 12 Homes for Sale
September 6, 2010 – 6 Homes for Sale
Trulia Agrees with my Walmart Real Estate Trend for Mountain Home?
In the last month the total numbers of homes for sale in Mountain Home has dropped from about 230 to 190 homes. Again this is a "good news-bad news" trend. The average listing price for these homes has also dropped from $169,000 down to $163,000.
Thanks for visiting and commenting on this business article.
Tim Bondy
The Bondyweb.Com author
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