Shippensburg Real Estate Charts

Posted on December 24, 2010 by JA/LEX Real Estate in Shippensburg homes for sale Shippensburg mls listings Shippensburg real estate Shippensburg rentals

Shippensburg Real Estate Charts
Brought to you by: JALEX Real Estate Services

This is a one year chart showing the overall value of real estate in the Shippensburg area.  Not too encouraging a graph as you can see.  Certainly, anyone thinking about making a real estate investment in the Shippensburg area would think twice after seeing this.  No wonder the Shippensburg investment properties are selling at a slower pace than we would like to see.  And this chart also is enough to make Shippensburg area homebuyers think twice before making the choice to purchase their first home or sell their current home and purchase a new one.  But step out of the box for a moment and take a much broader approach to real estate as an investment and the pictures is quite different:

Look at a Shippensburg area real estate values chart plotting the previous 10 years and you are reminded just how strong an investment Shippensburg real estate really is.  This graph is much more encouraging right?  After all, this is what I am counting on with regard to my real estate investments which we acquired not to realize short term gain but for long term gain.  Real estate is not a short term investment.  Yes, there were individuals who made gains in the short term investing in real estate a few years ago.  But others ended up with a higher basis in the real estate that they acquired and cannot get out now.  Many of them have since had to foreclose, sell short, walk away, or simply buckle down and work hard to pay for the real estate even though they may be “upside down.” 
The good news, the encouragement, the silver lining is this, that Shippensburg area or better yet, that Central, Pa real estate is the best investment going and over time is the strongest, most stable investment you can make.  Take a look at the ten year graph again and remember, no investment is short term without major risk.  And remember the reasons that we buy real estate in the first place, as a place to raise our children and provide stability and a legacy for our families.  We own real estate in areas where the schools are good and our families are safe.  We purchase real estate for our families and for our own pride of ownership.  The silver lining, so to speak, is that eventually we have an asset worth much more than our initial investment because the market has appreciated over time.  Because we have paid the mortgage down.  And we also are able to write off the mortgage interest to boot!  Sp stop looking at the short term charts and in your thinking.  Take a step back, look at the big picture for a moment.  Then give me a call to take a look at some houses that are now being sold for a great price!  And purchase your first home or a new home or another home at a historically low interest rate!  I believe you will thank yourself for it many times later in your life.