U.S. CitiesCity-Data Forum Index
Happy Independence Day!
Go Back   City-Data Forum > U.S. Forums > Tennessee > Kingsport - Johnson City - Bristol
 [Register]
Kingsport - Johnson City - Bristol The Tri-Cities area
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 05-09-2010, 08:36 PM
 
Location: Steilacoom, WA by way of East Tennessee
1,049 posts, read 3,835,985 times
Reputation: 701

Advertisements

Everyone always asks how the real estate market is doing. Well here are my recent experiences, just an indicator of what prices are doing.

I finally have an offer in writing and awaiting appraisal and closing on my 26 acres that I bought when I got here in 2008 for $135k, sold 2 years later for $128k.....yes a loss. Land has been going down in some parts of the county.

Houses greater than 2000 sqft, I submitted an offer and it was accepted with some wrangling on a 2900 sqft brick (older home) for $131,000. Nice kitchen, 4 bed, 3 bath, close to town with a nice back yard. Wife is happy and son is as well, as the downstairs is set up as a 2nd apartment with all the necessary items to rent it if necessary. I'm excited that it's roomy, remodeled and in my price range. Hopefully we make it through the inspection, finance stage all the way to closing.

We looked at several older brick homes 2500-3200 sqft that were prices from $169,900-$200,000 that were original everything (including shag carpet). Very yucky

We also looked at New construction from $188,000-$240,000 in the 2000-3200 sqft range. Nice but in tiny subdivision lots.

We also looked (for my mom) for smaller homes, they run the gamut from $25,000 to $150,000 from 900 - 1800 sqft, various states of repair. But there were several smaller homes (1100 sqft) that seemed to be in decent shape for around $50,000, not too shabby if you ask me.

We also looked in the Asheville market (online search) because I'm from there and still have family there. We were very surprised at the abundance of 2500-3500 sqft homes between $200k - $250k. Much larger selection than the tricities and in many cases more bang for your buck. We'd have to change jobs, deal with higher taxes and more traffic, so we decided to stay here in Johnson City.

Good luck to everyone looking to move here, prices are down in many cases, but up in many more. To me, it seems prices have gone up substantially in the last 2 years I've been here. Having said that, there are deals to be had if you look hard enough.

Wish me luck on selling my dbl wide and 8 acres. Not looking forward to that as they are in the "bad" area of JC, (gun range, refuse dump area), I've had no trouble and the views are tremendous, but resale value.....not so much

Take care all

Tony
Rate this post positively Reply With Quote Quick reply to this message

 
Old 05-09-2010, 10:00 PM
 
Location: Tulsa, OK
5,987 posts, read 11,104,710 times
Reputation: 36717
Quote:
Originally Posted by Tony1790 View Post
Everyone always asks how the real estate market is doing. Well here are my recent experiences, just an indicator of what prices are doing.

I finally have an offer in writing and awaiting appraisal and closing on my 26 acres that I bought when I got here in 2008 for $135k, sold 2 years later for $128k.....yes a loss. Land has been going down in some parts of the county.

Houses greater than 2000 sqft, I submitted an offer and it was accepted with some wrangling on a 2900 sqft brick (older home) for $131,000. Nice kitchen, 4 bed, 3 bath, close to town with a nice back yard. Wife is happy and son is as well, as the downstairs is set up as a 2nd apartment with all the necessary items to rent it if necessary. I'm excited that it's roomy, remodeled and in my price range. Hopefully we make it through the inspection, finance stage all the way to closing.

We looked at several older brick homes 2500-3200 sqft that were prices from $169,900-$200,000 that were original everything (including shag carpet). Very yucky

We also looked at New construction from $188,000-$240,000 in the 2000-3200 sqft range. Nice but in tiny subdivision lots.

We also looked (for my mom) for smaller homes, they run the gamut from $25,000 to $150,000 from 900 - 1800 sqft, various states of repair. But there were several smaller homes (1100 sqft) that seemed to be in decent shape for around $50,000, not too shabby if you ask me.

We also looked in the Asheville market (online search) because I'm from there and still have family there. We were very surprised at the abundance of 2500-3500 sqft homes between $200k - $250k. Much larger selection than the tricities and in many cases more bang for your buck. We'd have to change jobs, deal with higher taxes and more traffic, so we decided to stay here in Johnson City.

Good luck to everyone looking to move here, prices are down in many cases, but up in many more. To me, it seems prices have gone up substantially in the last 2 years I've been here. Having said that, there are deals to be had if you look hard enough.

Wish me luck on selling my dbl wide and 8 acres. Not looking forward to that as they are in the "bad" area of JC, (gun range, refuse dump area), I've had no trouble and the views are tremendous, but resale value.....not so much

Take care all

Tony
Thank you Tony. I've decided I have to drop the price on my home in Suburban Chicago so I can move to the Tri-Cities area. Nice to know that even when I take less money for my house here I'll be OK there.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 05-22-2010, 03:18 PM
 
433 posts, read 456,202 times
Reputation: 717
Congratulations! Sounds like things are progressing for you. Success in selling the Doublewide.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Settings
X
Data:
Loading data...
Based on 2000-2020 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Tennessee > Kingsport - Johnson City - Bristol
Similar Threads
View detailed profiles of:

All times are GMT -6. The time now is 03:13 PM.

© 2005-2022, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top