Hope Easter was a success at your house. It was wet and wild here and I didn’t feel guilty about spending the day in my weaving studio.
Spring Breaks are over and it’s back to “normal” at the beach. If you’ve never visited the best site around for info about what’s happening here, you need to bookmark it right now. FUNBEACH! There is more info than I could ever share on my blog.
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Kitten season is upon us!
Don’t you need a new friend? ADOPT! If you don’t want a kitten,
Discovery Coast Real Estate will pay the adoption fee for a mature
cat. Just as much love…
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SELLERS: It’s a stressful time for you, I know. Inventory is up, buyers are down. Currently there are 296 MLS listed residences, 59 condos, and 294 parcels of land. That’s stiff competition for your property, especially if you have a home listed for over $200,000! Last month wasn’t a great sales month. Just 12 residential sales, one condo, and six vacant land sales. Days on the market for homes averaged 264 days. Last year it was 201 days for the same period.
The first quarter of this year shows 26 MLS listed sales with a median price of $150,000. The same quarter of 2008 showed just 29 sales with a median price of $184, 000. And although the median price for the 1st quarter of 2007 was just $185,000 there were 59 MLS listed sales! So yes, in answer to your question, the market has slowed considerably.
But, there is hope as I’ve said over and over again. Real estate is still the best investment and although it looks bad right now, it will get better. I’ve read numerous articles from different sources about the fact that it is starting to pick up. We might not notice it here for a bit longer, but historically, sales go up in the summer months on the Long Beach Peninsula. This is one of the articles that mentions an uptick and it might cheer you up! REALTY TIMES.
Want more info? Curious if this is the time to get your property on the market? Give me a call or email me.
Is a Loan Modification Worth the Price? Read the article and decide.
Hope you had a chance to see our new listing in Ocean Park. Do you know of someone who might be interested in a great little house, secluded property, close to Nahcotta? Have them contact me!
Earth Day Community Beach Cleanup on Saturday, April 18th