Montana Home Prices Continue to Decline
January 8, 2010
As is the case throughout the country right now, home prices in Montana have leveled off or even dropped, if only slightly, making this a great time to invest in Montana land for sale. Cash purchases are your best bet as the credit crunch continues to unfold making it harder for many to qualify for a mortgage, but if you have cash you surely can not go wrong. It is most certainly a Buyers Market as there are many more properties available for sale than there are buyers for them.
Now is the time you will find that dream place for a great deal and be able to gain some equity when the market regains momentum. Montana offers superb selections, complete with mountainous vistas and abounding nature. A rich history of mining and farming will make you a proud homeowner in Big Sky Country. White water rafting, trout fishing, big game hunting, and snow skiing are just a few things you can take advantage of here. Montana cabins in the Rocky Mountains are always a dream just one click away.
The average time for homes on the market is about 120 days, and average home prices between $250,000 and $350,000. Selling prices are averaging between 95-100% of the asking price, so it’s not a bad deal for the seller either; it just happens that the price is right for Mr. Buyer.
The economy in Montana is largely agricultural, but also has job claims to many natural energy resources, such as coal, oil, and natural gas. There is a large retail supply presence here as well. All industries are fed by three major colleges for a quality employment force, which is spawned by an above average rated primary and secondary educational system. There is a magnetic pull to businesses by the tourism prospect of nearby Yellowstone National Park and the many mountain and nature sites which people flock to annually. So it is likely that living and working in close proximity can provide a homebuyer here with a more than satisfactory work life balance.
Surely, Montana real estate is a good bet if you are looking either to make a move or to invest in historically stable Real Estate. The return on your investment should prove to be a good one if you have the time to wait out the current economic situation to recoup and expand your money. Meanwhile, enjoy life under beautiful wide open skies and a stable economic environment. There are plenty of properties to choose from which gives you the advantage and who knows once you are here you may decide you like the extra elbow room and never leave as many others have done!
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.