While the national home-building and real estate-selling market remains slow, Carol Alexander says the market in Jasper-Walker County remains steady.
Alexander is one of the owners with White Pepper Real Estate in Jasper and says that this area hasn't suffered as much on the real estate front as other areas – especially nationwide.
“For example, our lake business has been pretty good, especially in the Smith Lake area, with houses selling that are priced in the $250,000-$450,000 range as we wrap up 2011 and head into 2012,” she says. “That price range is popular, pretty much replacing the $800,000-$1 million houses that were selling before the construction and real estate market began to slump nationally.”
Alexander says some buyers are electing to put their money into real estate in the $250,000-$450,000 price range knowing that those values are going to hold relatively steady.
“Things will never get back to where it used to be, when loans were being approved to anyone who basically had an application in their hand,” she says. “But for the most part, I think we have been fortunate in Jasper and Walker County that the real estate market stayed as good as it has. We have been able to maintain.”
From Cottages to Mansions
Alexander says there are not a lot of apartments in Jasper, and some homes are selling these days with price tags of $75,000-$100,000.
“The price range average in our community is varied, with first-time-buyer cottage homes going for maybe $100,000, to someone looking to move up into a community where home prices average $300,000,” she says. “But really, Smith Lake is the hottest area right now as we close out 2011. Properties there range from $150,000 to $2.4 million, and as I said before, the $250,000-$450,000 homes are selling the best.”
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