So I think the spring market is here. I was wondering when we would see it pick up and I think the past two weeks have been indicators for us that it is here. We have had two properties receive multiple offers and buyers are starting to come out of the woodwork. So much so, I think this might be the end of my mini ski-trips. Just when I bit the bullet and purchased new skis so I wouldn't have to deal with renting. There's always next winter.
We also have had several sellers come to us for market evaluations and listings, hoping to get their place sold during the peak of the market. I do think that this sping will be different than the previous 7 or 8 springs, in that there is much more inventory on the market and very little of it is inspiring. Developments have slowed way down and nicer units are being held onto by owners hoping to ride out this down cycle of the market. This is leaving less desirable units on the market with languishing market times and reducing prices. The one caveat to that is spectacular properties that are head and shoulders above their competition are selling. They are selling fast and usually with multiple offers. The point I guess I'm trying to make is, as a buyer, if you come across a property that is better than the others in the same price range, I would seriously consider an offer.
Again, as most who know me, my favortie saying is "It's all about price." Anything, given the right price will sell. That is a very large reason why I love real estate. It is one of the purest forms of market economics.
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