Are we there yet?

By
Real Estate Agent with Coldwell Banker Holman Premier Realty

Those interested in real estate often ask me this question:  The real estate bottom.  Are we there yet?

Buyers are watching for signs that the bottom is here so they can crawl off the fence.  Sellers want to stop dropping their price, or are finally going to put their house on the market.

All markets are checking for the bottom.  I have an email relationship with a Realtor in Vegas who, when asked about the bottom in his market, say not even close.  An acquaintence in Dallas says that her area of Texas is showing signs of improvement. 

But how are things looking in Klamath Falls?

I have run some sales reports and the numbers are up.  The number of sold properties, the price ranges that are selling, the percentage of listing price to sold price, good indicators of improvement.  I talked to an appraiser on Friday, he feels strongly that our market is improving.  He cited the availability of sold properties for comparables. which were tougher to come by even a few months ago, are out there to justify the appraisal amount.   And the appraisals are coming in where they need to. 

So, are we there yet?  I hope so!

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Rainer
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Ian Kautzman
Klamath Falls, OR

I feel the same way.  I can't imagine the market dropping any further.  If it does, then I would be willing to bet it wont be a huge drop from here.  I have friends and family members who are currently looking and I tell them the same thing.  Some area's around the country might not be there just yet, but I believe Klamath Falls has reached the bottom!  It will take some time at the bottom for the weary to believe fully that we are there, but once the word really catches on, the market should heat up nicely. 

Apr 20, 2009 04:17 PM #1
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Rainer
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Darlene Humphreys

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