Things are still quiet on the the real estate front, but not silent. While sales have been down significantly, there have still been sales. Sellers who price their homes and land appropriately for this current market can sell their property. Setting a good price isn't easy to do. There are not many comparative sales to use when a seller thinks about what it was worth it is hard to lower the expectation.
There are not that many buyers looking right now and they are not emotional shoppers. They are looking for a deal and a safe place to put their money. s In order to get the attention of one of those few buyers in a marketplace filled with many choices, price is a driving factor.
There are still sellers who don't want to set their price at current levels. They are holding out for the buyer who will pay the value they put on the property. These prices may be based on the former market, or maybe what they owe on the property, or profit they wish to capture. Perhaps selling isn't imperative and the seller can wait the market out or maybe they are hoping that someone will just make them an offer. It has been my experience that most buyers still are reluctant to throw out a "low-ball" offer. While there are more buyers willing to use the shotgun approach of making offers until a low offer is accepted, most will not. I think the best strategy is to put a marketable price on the property at the outset.
Some of the statistics say that 90% of buyers of real estate do their research online before ever contacting a sales professional. How do you convey to that buyer that your property could be bought for a better price if the agent doesn't get the chance to speak to that buyer? To get their attention, the price must speak.
I think that there are some good deals to be had right now. These are my current picks form the Gallatin MLS.** Some of these have since sold or come off the market
Least Expensive Lot in our area: 1.1 acres in Harrison $29,000. no longer listed
Least Expensive Ennis City Lot: .44 acres $44,500 Price Reduced $39,000
Great Lot for a Great Price: Pronghorn Meadows Lot 27 $64,900
Best Price for a Premium Lot: Pronghorn Meadows Lot 127 $115,750 off the market
Least Expensive 20 acre Lot: $75,000 within 10 minutes of Ennis off the market
Best Price in Sportsmans Paradise, Reynolds Pass area: 24 acres for $99,500 Price Reduced $64,900
Best Price Lot near Ennis Lake: 1.6 acres $125,000
Least Expensive Home with income potential in Ennis: $142,000 with a rental unit behind! SOLD!!
Least Expensive Home in Ennis: $127,500 Sold!
Best Deal in Jeffers: $159,900 Off the market
Best Deal on 20 Acres Close to Town: Home with Shop $224,000. off the market
Best Deal on a BRAND NEW HOUSE (bank owned): $285,000 Pronghorn Meadows SOLD
Best Deal for Horse Barn, Arena, and Home: 49 Acres $995,000 Cameron Just Reduced! Now $895,000. Now an even better deal. SOLD
Best Deal on a Luxury Home on 38 Acres: $1.95 Million off the market
Best Price for Cabin on the Madison: $849,000
Best Price for Home on the Madison River: $415,000 SOLD
Best Value on the Madison River: $1.295 Million Off the Market
Best Value for 160 Acres close to Ennis: $499,000.
**These are currently listed at these prices on 1/15/2010 These are just a sampling of homes and land. If you are interested in farm and ranch or commercial, contact me.
You can search for these listings on my website. You can search by price in the property search. You can also sign up for Realty Alerts and track the types of property you are interested in as they are listed or price reduced. Or please contact me on my cell phone at 406-579-1298 or email at dmyrvik@montana.net or comment below or to the side and I will respond.
Featured Property:
This3 BR/2BA home is situated on 20 acres in the shadow of Sphinx Mountain in the Madison Range. It hosts many custom features and has been lovingly maintained and cared for. With a large 3 bay shop on the south, sidewalks all around, and a full hookup RV pad on the north, you may never want to leave home, unless it is to go fishing, riding or hiking. This home is with in 10 minutes of all these things.
There is a surprising amount of wildlife that come through this area. Some of the locals include antelope, elk and even the occasional moose!
Check out the details on this home at my website: http://www.ennismontanaland.com/ .
Thanks for visiting my blog. I am working on sharing my real estate information and Ennis, MT details through a Facebook Business page. You can become a fan if you search Dawn Myrvik Real Estate on Facebook.
