As 2008 comes to an end I find myself reflecting on the past year. We have had a lot of ups and downs in the real estate industry over the past year including record number of foreclosures, decrease availability of financing and longer times on the market. Nationally the real estate industry has been impacted at a greater level than the Cheyenne real estate market. The number of sold homes has decreased by approximately 12-15% over 2007, however the average price of a single family home has remained relatively the same or slightly increased. According to the Cheyenne MLS the average price of a single family home as of November 2007 was $173,691 and the average price of a single family home as of November 2008 was $175,786.
I am looking forward to assisting you in the purchase or sale of a home in the coming year.
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