What’s happening in our current Bishop real estate market?
The Bishop market has a lot going on depending on the price
range you are looking at!
We are seeing quite a bit of activity in the
$150,000-$250,000 range. There are a lot of investors and a lot of cash offers.
Because of this, though, first time homebuyers are having a bit of a difficult
time competing.
In the middle market range, homes around $350,000, there is
a lack of inventory. We expect homes to sell very quickly when listed because
there is such a pent up demand. So, if you are considering selling your home,
now is the time!
In the higher price range homes, $450,000 and above, we are
seeing a slower market. There is a smaller buyers pool and fewer who can afford
the higher priced properties.
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