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 [...]
In today’s dynamic real estate market, many homeowners are seeking ways to reduce their mortgage debt faster. Paying down your mortgage more quickly not only saves you money on interest but also accelerates your journey to financial freedom. As a real estate agent with a focus on financial empowerment, I’ve compiled some effective strategies to [...]
Inyo County has recently updated their permit requirements for short-term rentals. Short-term rentals are those where the occupants stay for less than 30 days. You may also be more familiar with the terms vacation homes, Airbnb, VRBOs, etc. This new regulation outlines conditions under which short-term rentals are permitted in Inyo County, focusing on [...]
In 2023, home prices in the Eastern Sierra continued the trend set the previous year, with a 16% rise in the median price from $478,000 to $555,000. This brings growth in the Bishop area median home price over the last five years to 60%. While prices were up, the number of properties sold decreased [...]
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 [...]
https://youtu.be/6ddTRyJjBV8 In 2022, home prices in the Eastern Sierra continued the trend set the previous year, with a 6% rise in the median price from $452,500 to $478,000. This brings growth in the Bishop area median home price over the last five years to 48%. While prices were up, the number of properties [...]
Post by Jake Rasmusson, Master of Science Real Estate, e-Pro, RENE Many people are aware that interest rates have risen but the questions I am getting most are why are they going up and how long will this last? Inflation is the main economic factor causing interest rates to rise. Inflation is caused by [...]
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 [...]
While many individuals are primarily focused on the fluctuation in current housing prices, many are failing to recognize the significant role interest rates play in the monthly, yearly and overall cost of their real estate purchase. Interest rates are currently near historic lows in the United States, which presents a significant opportunity for those looking [...]
2019 Bishop Real Estate statistics In 2019, home prices in the Eastern Sierra continued the trend set the previous year, with a 10% rise in the median price from $345,000 to $385,000. This brings growth in the Bishop area median home price over the last four years to 33%. While prices are up, [...]
