Any real estate question must be broken into market segments. Let's look at Canyon County Real Estate- It has reached the bottom.
There are a number of ways to determine if we have reached the bottom. One way is production of new homes and the Nampa / Caldwell area has reached the bottom. Permits by week for 2009-
Week One- 4 Permits
Week Two- 5 Permits
Week Three- 4 Permits
Week Four- 0 Permits
Week Five- 2 Permits
Week Six- 1 Permit
With almost no production, competition to sell real estate in Canyon County real estate is going to be extremely fierce. BuildingCredibility.com has been suggesting for months to do your homework so you are ready to strike. It is time to start sharpening your pencil and zero in on several properties or lots. The developers, builders and realtors know that every sale counts now. They will be offering every incentive possible and getting the costs as competitive as possible as well.
Bottom line. If you see something you want for your family say to your spouse "Let's just make an offer."
Dream big in 2009,
Trey Langford