Taunya Fagan Bozeman Real Estate Blog: Bozeman Information and Listings: What a Difference a Zip Code Makes

What a Difference a Zip Code Makes

In a down market like this location becomes an important issue. More than 6 millon will purchase homes this year and many because they must, due to relocation and other reasons. Buyers are getting savvier, and in this market they have been spooked and are thinking "resale" as they purchase their property; they want to be able to sell if the market continues to fall or they are transferred again.

Smart buyers are looking at zip codes within the region or city in which they want to live or must. Property close to schools holds it value compared to comparable property in the same area. Property with open space, minimal noise, walk-to amenities, and property in built out subdivisions hold their values better. The lack of a downturn in places like Boulder, Tempe, and Santa Barbara is due in part to the fact that these and other towns are built out and have little or no more room to grow.

Here in Bozeman there could be room to grow but because the growth would ruin Bozeman's small town, farming and ranching identity, the community is looking to broader and stricter zoning in an effort to limit unbridled growth occuring away from town, wanting, instead, to encourage "smart growth," highly regulated growth occuring close to the city, with its amenities, like the large Box stores, speciality shops, and stores of neccesity and its infrastructure, like schools, sewers, and water. Growth outside of town could be limited to one house per 160 acres in the near future.

giving you the advantage...®

Taunya Fagan Bozeman Real Estate   406.579.9683   taunya.fagan@prumt.com 

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Comment balloon 2 commentsTaunya Fagan • March 14 2008 11:07PM

Comments

Zip Code 19901 is a great real estate zip coder here in Delaware, and of course since I am a realtor here I love scooping up extra customers!  Tom Davis Realtor -  Also I Hope your zip code is doing well ! 

Posted by Tom Davis, FREE Delaware Homes Search!, $$ Save $$ - Find Homes! Delaware Realtor (Harrington ERA,DE Homes For Sale, $$ Save $$ Buy Today !) over 10 years ago

Hi Taunya,

I've laughed and said at times the value of your home in my town of Brea, CA depends on your zip code. With prices today it's the differrene between $685,000 and $895,000.

Posted by Lynda Eisenmann, Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co (Preferred Home Brokers) over 10 years ago

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