Mark A Southworth PC
Call Us at (541) 420-2767
 
Home Seller Programs My Listings Listing Search For Sale By Owner Property Trades Contact Us

Prineville Is On The Rebound


   

In 2014 we saw the first signs of a turnaround in property values. 2015 has continued to improve in certain areas. Although Bend and Redmond are moving ahead at a brisk pace, Prineville's activity has lagged behind much as it did during the 2000 boom when things suddenly exploded. Does this mean we can expect big changes in the near future? The factors that drove our market then have changed a bit, so in my opinion we should see a more gradual improvement. The mid range residential have enjoyed the most success while lots and small acreages have remained stagnate. Large properties and farms/ranches seem to be doing well at this time. Prices are all over the board so it is imperative to do your homework.

 


Prineville Oregon Real Estate, Prineville Oregon, Prineville Properties, Prineville property for sale, Mark Southworth, Mark Southworth Prineville


Is This The Right Time To Buy ?

The signs are encouraging to me. Although there are still foreclosure properties entering the market we are starting to see multiple offers and in some cases the prices are actually bidded up. Some properties are on the market only days and not the months or even years we saw in the past.

Some sellers made the decision not to follow everyone else over the cliff and held fast to the price they wanted for their property, and are getting it. 

A good percentage of my business is investment buyers who have waited for the dust to settle, but are now becoming more active. Some are realizing profits right now while others are preparing for a more definite turn around they feel is just around the corner. You can make things happen or you can watch them happen 


Proceed With Caution

Even with prices at a fraction of what they where, a thorough understanding of the local market is necessary to make sound decisions. I encourage you to look through the information that I have provide here and feel free to contact me with any question that you might have. Please understand that I will respect your privacy and that you will be in control of our contact at all times. The last thing I want to do is bury someone with mounds of useless information or make them afraid of opening the door to future harassment when all they want is a simple answer. I have built a successful brokerage on developing relationships, not intimidation.