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2024 Market Recap & 2025 Market Outlook

In 2024, the median home price in the Eastern Sierra experienced a slight decline, decreasing from $555,000 to $496,000. Using the median home price, rather than an average, excludes extreme outliers and provides a more accurate representation of overall market trends. Over the past five years, the Bishop area's median home price has grown by [...]

Bishop Real Estate Market Update – September 2023

By Jake Rasmusson, CA Broker Lic#01401464 In the Bishop, CA real estate market, a comparison between July 2023 and July 2022 reveals a mix of trends and changes: Total Properties Sold: The number of properties sold in July 2023 was 125, down from the 145 properties sold in July 2022. This represents a decrease [...]

Housing is Slowing, But Not Like Last Time

There are significant signs that the national housing market is cooling off, fueled by rising interest rates and inflation.  The downturn may slow down sales and price appreciation; however, the housing market is in a much better state than it was in 2008.  The health of both the residential real estate industry and the underlying [...]

How Will the New Tax Bill Affect Housing Costs in the Eastern Sierra

The Tax Cuts and Jobs Act was signed into law last December, carrying with it numerous changes to the tax law. The new law will affect individuals differently, depending on their property holdings and their locations. The three main changes to consider in evaluating the new law’s effect on the housing market are: • The [...]

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