Real Estate Market Update for LC Valley

Our local MLS numbers are showing a steady market pace in the Valley as we end our 2008 real estate year. Our average residential dwelling is now selling at about 8% above last year's price, and buyers are paying $168,500 as average price for a 3 bedroom, one plus bath house. Interest rates remain at an affordable 6.25%. The combination of these circumstances makes this a great time to buy in our market.