Buying a home is one of the most important decisions you can make, and it can also be one of the most expensive, so you want to try and save a bit of money wherever you can. Buying a home in the wintertime is one of the easiest ways to save on your purchase, as many places have lower homes in the winter months. If you’re willing to wait until the weather gets a little cooler, then have a look at this list of the best places to buy a home in the winter.
Summertime is often much busier for real estate agents because many more people choose to wait until their children have finished school before they move. Summer is also popular for home sales in warm areas, with people choosing to move permanently to a warmer spot. This means you want to look at buying in warmer places in the colder months so you will have far less competition.
One of the most popular beach destinations in Florida is the beautiful city of Pensacola. This tourist town has about 54,000 residents and a high level of tourists in the summer months who come to play on the sandy beaches and enjoy deep sea diving. The area is full of so many great features, and it has quite a few highly rated schools.
Home prices are very low in this area, and you can find a fantastic single-bedroom home for under 100k, which is perfect for investors. The home prices in January are around 250k, but in June, they spike up to 285k. Is waiting a few months worth saving 30,00 that you can put towards new furniture or some upgrades on your new home? I think so!
This small town has a population of about 16,000 residents, but it is an ideal spot for anyone who wants to find a delightful home at a great price. There are quite a few great schools in the area that are a big draw to families who are looking for an excellent education for their children.
The median home price in Douglas is in the $160k range, which is much lower than the national average. In July, homes are selling for around $150k, but in January, it’s about $130k, which is a fantastic price for a single-family home. This is another great spot where you can save tens of thousands of dollars by waiting until the right time to buy.
Idaho Falls, Idaho
Idaho Falls is a gorgeous city with a population of about 64,000 people, and it’s one of the best choices for eastern Idaho real estate. Residents love the fantastic nature that surrounds the area, including the river walk that features plenty of beautiful spots to visit. Idaho Falls has a few great schools that serve the students in the area, and it has plenty of beautiful homes available.
The home’s prices vary quite a bit in the cooler months, so it’s worth the wait in Idaho Falls. July has an average sale price in the $430k range, but in January, it falls all the way down to the $370k range. This means you will save a whopping 60k by choosing to get the home in the winter. This is a dramatic decrease, and it’s worth taking advantage of.
Roswell, New Mexico
Roswell is a delightful city with a fun reputation for being a tourist town for those who are seeking something a little more “extraterrestrial.” The town has plenty of people who come and visit every summer, which means the price for homes is quite a bit lower in the winter. Many of the houses are in fantastic locations around the city near the great schools and amazing restaurants.
Roswell has excellent home prices, considering it’s one of the warmer states, and the prices are even better in the wintertime. The summer months are chocked full of people coming through the town to visit some of the city’s major UFO-related attractions, which means the winter months are much slower. Home prices in June are up near the $220k range, but in December, it drops all the way down to $190k, and it’s hard to resist a savings of $30,000.
Overall, buying a home in the winter will be better for your pocketbook, but some places have much better prices than others, and you can end up saving thousands if you choose to wait it out a little longer. If you want to save some money, check out the warm states to find some fantastic prices in the wintertime. This is a great way to get in on the market while the prices are down while allowing yourself more options and a smaller chance of a bidding war.