Updated almost 10 years ago on . Most recent reply
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HI @Ralph Corgain I was recently approached with a wholesale deal from Adams. It was dirt cheap - at least compared to the rest of the state.
I did a little digging and came up with this:
- As of today (1/15/16), there are 8 SF homes on the market in Adams, 3 of which are listed as "lots". The lots are to-be-built in a new "premier" subdivision, so only 5 homes on the market that you could buy today.
- In the last 5 YEARS, there have only been 10 SF home sales in the entire town, with an average sale price of $69,350.
- There has been only 1 sale in the last 12 months and 3 total in the last 24 months.
Despite the seemingly dirt cheap price, I opted out due to the glacially slow market activity there. I just don't see Adams as a place that I'd consider investing.
If you want any help with further analysis, just give me a call or email and I'll try to help.