Spring has sprung!

We are off to a busy spring in the residential real estate market here in Vulcan. It is nice to see the market getting busy. Compared to this time last year, we are seeing more residential sales occurring. Personally, I have had people looking in the $100,000 t0 $150,00 range, with multiple offers on properties. I have also had dealings on properties in the high $200,000 to low $300,000 range. The low end of the market is getting picked over with properties that have been the market for a long time finally getting some attention. As for the higher end properties, I saw a property that was listed for several months at $279,000 have a price reduction of $50,000 and was gone within days. Higher end properties are dropping in price in order to attract some attention and make some sales. There was a foreclosure property adjacent to the golf course that sold for $250,000. Someone got a really good deal there. We still have a large inventory of properties on the market and it's going to take quite a while to get that inventory down to a more manageable level.

Realtors want action on grow ops and condos

Realtors want action on grow ops and condos