Posted by: Todd Long | July 16, 2008

Statesville Real Estate Investing

Statesville $50,000-$125,000

Tonight I attended the monthly Statesville Landlord Association meeting.  This is an investor club.  We meet the third Tuesday of each month at the King of the Sea restaurant.  During the meeting I shared market stats for Statesville properties from the $50,000-$125,000 range and the $125,000-$250,000 range.  This is typically the investment range for this group.  What we are seeing seems counter to what we are hearing in the press.  The properties priced $50k-$125k are shrinking in inventory.  During the time of the year we usually see a rise of inventory.  We are seeing a rise of buyer activity.  We are down to about 4.5 months of inventory on the market which is a fairly low number.

One thing I was happy to find is how appreciative this group of active investors were of the information I share with them.  Tonight there was a group of about 15 people at the meeting that I know conservatively own close to 500 properties.  It strikes me that either Real Estate agent who work with these investors don’t know what is happening in the market or they just aren’t sharing the information. 

If you are an investor and have a real estate agent working for you that you believe to be a good agent, but they are not sharing information such as this with you, have them call me.  If you believe they are a good agent I probably will as well.  I’ll probably hire them to work for my office, give them all the tools to provide the right statistical information to you, and train them how to use the information to benefit your portfolio.

Todd Long

Broker-In-Charge

Century 21 Hecht Realty

Mooresville, NC

704-664-3165

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  1. […] – bookmarked by 2 members originally found by FreakyNightmare on 2008-10-03 Statesville Real Estate Investing https://toddlongcentury21.wordpress.com/2008/07/16/statesville-real-estate-investing/ – bookmarked […]


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