Gillette Wyoming Blog

Theatreworks’ production of “Charlotte’s Web” will be Monday, November 28th at 7pm at the Camplex Heritage Center. Tickets are $6 for adults and $4 for youth, senior and Military. . .Campbell County parks and Rec will be hosting the 8th annual dodgeball tournament on Friday, December 16th at the rec center so get your teams together. The entry fee is $80 per team and teams consist of six players ages 16 and up with a maximum of 8 players. The tournament format will be round robin with a double elimination bracket. Registration ends at 1opm on December 14th. Contact Adam Gibson at the rec center for more information 682-8527. . .The rec center will also be putting on the 6th annual bench press competition. The event is Saturday, December 10th at 11:30 am at the rec center. The competition will have judges and spotters to watch every lift with 3 attempts to reach your highest bench weight. The fee is $20 and is due by Thursday, December 8th. Call Adam Gibson for more information.

Gillette WY Real Estate Market Update November 15, 2011
We hope this finds you well as we near the holiday season. Attached you will find the Gillette Real Estate Market Update for this month. Notice that the absorption rate has continued to drop and now sits at exactly 6 months. This indicates a perfectly balanced overall market. However, a closer look at the numbers reveals a tale of two markets.

Homes under $300,000 continue to be the most active. This price point continues to be driven by foreclosures and new construction. Buyers and investors have been taking advantage of the deals on foreclosures which explains the very low absorption rate for homes under $120,000. Buyers are also taking advantage of the new construction between $200,000-$300,000. We have some builders that are offering quality products at this price point. Couple that with record low interest rates and it is a very attractive option for many buyers.

The higher end homes continue to be the slower end of our market. Low inventory can show some misleading numbers when a couple of sales occur, and we are still seeing these homes sit on the market for longer periods.

Please don’t hesitate to contact us when you have questions. Also feel free to pass this along to anyone who may find it useful. Happy Thanksgiving to you and yours!

Lexi & Jordan Ostlund
RE/MAX Professionals
Office: 307-682-6622
Lexi Cell: 307-689-1024
Jordan Cell: 307-689-7448
www.OstlundRealEstate.com

Gillette WY Real Estate Market Update November 15, 2011