Typically, December is one of the slowest months for real estate sales across the country, and waterfront real estate is generally one of the least interesting during that month. But for some reason, this year's sales were somewhat robust for us. And brokers in waterfront markets across the country have told me the same was true in their areas.
One broker near Corpus Christi, Texas said it was the best December -- and starting out to be the best January -- they have had in ten years in the real estate business. A recent article in the Star Tribune talked about the resurgence of multiple offers again in Twin Cities market. Something we haven't seem a whole lot for quite a few years, and even then not as much in mid-winter.
As one of my long-time colleagues said the other day, "Perhaps the buyers are just worn down from waiting on the sidelines." Or maybe people just finally feel a little better about the economy and the fact that prices have dropped nearly 50% in some markets!
Whatever the reason, our website traffic is up about 50% from last year at this time...and inquiries from prospective waterfront buyers as well. We seem to be continuing into early January with a fair amount of sales, and many of those tend to be higher prices than we saw last year.
The bottom may have hit in 2010, and market activity seems to just be awakening once again. Even during this typical time for hibernation!
Subscribe to:
Post Comments (Atom)
1 comment:
It's nice to hear that the market for homes is starting to recover and there are multiple offers on residences again. Thanks for the information.
Post a Comment