By Carolyne Calvin
November 27, 2023
In the real estate world, there is a lot of media about the slowdown in the national housing market. As a result, I have had numerous calls from clients looking for "deals" in the market.
It is important to remember that while our area has undoubtedly experienced a fairly dramatic reduction in the number of properties sold, it is not because of a reduction in demand. Rather our supply remains historically low, so buyers have fewer properties to choose from. This is why prices are not dropping drastically.
For those of you looking for "deals", there are two sectors to pay attention to - vacant land and properties that need to be remodeled. If you have the time and willingness to take on a project, then this is where you may find value. Just make sure you appropriately budget both time and funds for the project.
Don't hesitate to reach out if I can help in any way.