We have been saying it for 3 years now…. it is THE perfect time to buy a packer Park home and it will not always be this easy!!!
The Perfect Storm for Buyers;
1. Rates are so low, you can borrow $220,000 for $988.oo/Month. Real estate taxes in packer park average $2880 annually, that’s $239/month +/- $988 for your mortgage payment + $239/month for your taxes = $1,227 a month. you can barely rent for that amount!!!
2. Inventory is higher than ever before. Remember when we struggled to find a home in Packer Park? inventory has doubled in the area due to the construction of projects like the Reserve, Geary Estates and others… Add the overall economic uncertainty to the equation and the 10+ months of Home Inventory available city-wide and you get a Buyers Market.
3. prices have bottomed. If you’re trying to time the Market, stop it… After several years of declining prices it is evident that prices have stabilized. Economic Indexes that track national Home prices are proof of this stabilization. Now is the time to buy.
Contact us today to buy Packer Park Real Estate !
Jim Onesti, Prudential Fox & Roach Realtors, Mccann Team