Doctor Phillips real estate between $400,000 and $600,000 is showing exceptional value for buyers looking to purchase this Summer. It wasn’t long ago this price range was in hot demand with buyers finding themselves in multiple offer situations more times than not, so what’s changed over the past few years?
- Stable economy
- Increase in available homes
The collapse of the real estate market in 2009 was followed by some of the best deals.
Value after a market crash is typically the best time to purchase, Warren Buffet said it best “You want to be greedy when others are fearful. You want to be fearful when others are greedy. It’s that simple.”
Mr. Buffet was talking about the stock market but the same can be true about real estate, 2009 and 2010 was fearful and at the same time good to be greedy!
Since July 2013 inventory of available homes has increase 41%. Add to this new construction and you can see buyers have options and with options comes leverage. Real estate is and always will be about supply and demand and Doctor Phillips real estate is not spared.
Today there are 53 Doctor Phillips homes listed between $400,000 and $600,000 with an average days on market at 101 days…timing is right finding your Doctor Phillips dream home!
