Although the volume in the number of sales is up over the past few months, the prices of homes are staying relatively stable, and the interest rates on loans are still historically low.
The market is showing signs of both of these contributing factors to be rising, so I believe we have hit the low and will now see a steady increase.
Your first step, if you haven't already done so, is to meet with your lender and obtain a pre-approval if you will be needing a loan for purchase.
Hope this information helped you.
Deborah Gladback, Realtor
3011 American Way
Missoula, MT 59808
If you have not found your Grant Creek dream home I encourage you to take a look at 2011snowbowlroad.com. Or 1651doddranchroad.com. Both of these properties will let you live the Montana dream and you would have a second acess point from Dodd Ranch.
We could not have been happier with our decision to live in Grant Creek. It is the most beautiful area in Missoula.
Homes here are more expensive than other places in Missoula, but like Ty said, it's a buyer's market still and you are in a nice position. I sure we had bought our house in this market insead!
I am a Realtor in Missoula and have lived here since 1991. This is the first time in most peoples memory when interest rates are down and prices are down as well. I just did a CMA for a home in the Grant Creek area and was amazed at how long things have been on the market and also at the price reductions. There are however some variables that need to be considered. If you are in the market for a home $330k and lower then on market time is about 70 days and you can expect to see sellers take 3% to 4% off of listing price. Where as if you are looking at home over $350 the on market time is 150 days and climbs to almost 500 days for homes over $400k. You are really in the drivers seat in this case! If you have more questions or need more info, pleas don't hesitate to contact me.
Ty Robinson - Healthy. Happy. Home.
Prudential Montana Real Estate
(406) 880 - 0196
Terry Pietron, GRI, ePro
Century 21 Glacier Gateway
738 9th St W
Columbia Falls, MT 59912
(406) 892-6585 Office
(406) 270-7894 Cell Phone
(406) 892-6588 Office Fax