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Casper and Central Wyoming Real Estate

Blog by Stan Mitchem
Casper, Wyoming

Casper is located in the heart of Wyoming, along the Oregon, Mormon Pioneer, California, and Pony Express trails. Casper enjoys a rich blend of western history, culture, and recreation.

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Casper and Central Wyoming Real Estate

Casper Real Estate Trends

Jan. 24, 2008
Categorized in: Economy

      Casper, WY – Home Sales are STRONG in the Casper area. Despite negative data regarding the housing market nationally, Casper continues to have one of the strongest markets in the country.

      The Casper housing market has seen steady growth even through this past year when national statistics, higher interest rates and the sub-prime debacle have caused concern and pessimism in the general public. The following information represents the Year to Year growth reported in the MLS Statistical Report:

Year 2003 2004 2005 2006 2007
Homes Sold 1194 1323 1377 1383 1492
Avg Sales Price $126K $140K $163K $182K $202K

      As reported in the fall addition of the 9/28/07 Wyoming Business Report written by David A. Robateck, “Wyoming’s rate of appreciation in home values last year more than doubled the national average and ranked second in the nation trailing only Utah.” He also stated in the article that “statistics from the Office of Federal Housing Enterprise Oversight show that Wyoming house prices increased by 14.29 percent.”

      It’s no secret the strong economy in Wyoming and Casper brought on by a booming energy industry, has a great deal to with our strong Real Estate Market. 2008 LOOKS TO BE A GREAT TIME TO BUY, SELL, OR BUILD A HOME IN CASPER!!! 

      For more information on the Casper Housing Market please contact Casper Board of Realtors, Attn: Angie Evans at 307.237.1670