The Montgomery, Alabama Real Estate Market; On the RISE!
by Craig Schaid
on Saturday, April 12th, 2014 at 8:56am.
As a real estate advocate for local home buyers and national investors, I study the market across the nation to recognize trends. The trends I have noticed for some time are very promising. For over a year now, the market has been in a drastic shift from a buyers market to a sellers market. It has become a regular thing across this great country to be back to a multiple offer situation in many cases.
However, here locally in Montgomery, AL, it's remained a bit more stagnant in regards to the prices, the multiple offers and the like. These times are beginning to CHANGE! The market is getting stronger, the foreclosure inventory has begun to shrink and the demand is starting to build. This is a great thing for the folks that have been sitting on homes that can't afford to sell because of where their mortgage payoffs are. With the rise in traffic, this represents a price increase in our near future.
Some communities in the Montgomery County like Pike Road have shown spectacular growth through the past 2 years. Subdivisions like Bon Terre, Providence, Woodland Creek and others have sold prior to even being built. The demand has been greater than the builders can keep up to. In a recent visit to The Waters in Pike Road, I was absolutely amazed by the zest of new life that has been shot into that wonderful development. The Waters truly is a gem in the country with a style and class all to itself.
In my opinion, we are going to see brisk growth through the end of 2014. It is my prediction that 2015 is going to be a year of spectacular real estate earnings. Now is the time if you can possibly do it, to invest invest invest in real estate! a good 36 month plan in the real estate market is in my mind smart money!
If you have any interest in learning more, beginning to invest or upgrade your personal residence while the time is still perfect, call us today and let us help.