Robertson County Real Estate Market Update through June.
The numbers are in. Through the first six months of 2011, Robertson County Real Estate sales are down 23.5% compared to the same time last year. Although this is not what any of us want to see or hear, it is a 1.5% improvement compared to sales through the May time frame. Not only are sales down, but average sales prices are down 8.5% as well. Not all price points are off this much.
However, we have seen a drastic difference in the lower priced rental/investment properties. Many homes that were selling in 2005-2006 in the mid-$30s to low-$40s are selling for as little as half that, some even below $10,000. If you are looking to invest in Robertson County Real Estate, now is just as good a time as any.
There have also been building lots that have come available at various times. If a home has been torn down, either by the owner or by the city itself, these lots are being purchased for as little as $4,000-$5,000 and are a great place to build a new home. Some investors are buying these lots and building 2-3 bedroom homes for rental purposes. While they may still be rental units and not owner occupied homes, the new homes are slowly revitalizing and adding value to these areas.
If you have any questions regarding Robertson County Real Estate, give me a call anytime 615-308-4022.
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