Interesting development regarding the predicted supply of homes forecasted to increase due to more Bank Owned properties entering the market. Has the Sioux Empire seen Bank Owned properties hit the peak? I don't know for sure but we have seen pricing all over the board; from "value priced" to "it's not going to sell". If buyers are looking for properties that need a little TLC, there are plenty to be found. Sometimes these properties are priced correctly and many times too high for the work needed to bring the property to "Owner Occupied" standards.
With all that being said, I believe there is actually a shortage of clean, well cared for properties on the market. Properties that have valued features, good locations and in touch with current market pricing. These properties "still" sell quickly to discriminating buyers.
Steve Harney on Fox Business News from Steve Harney on Vimeo.
Find out more about Real Estate in Brandon SD and the entire Sioux Empire at www.BrandonHomeCenter.com
Todd Headrick - REALTOR
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