How’s the Market?

On national news, I hear various descriptions of the current real estate market.

The most creative so far (from a segment on the Today Show): “savagely unhealthy”

With the lack of inventory, buyers are forced to compete against many other interested parties.  This in turn leads to frustrated customers…and ultimately higher prices.

During my 40 years in the Avalon and Stone Harbor real estate business, I have navigated a variety of market cycles.   Despite those fluctuations,  for the majority of property owners, a shore home remains one of their best investments.

We watch the numbers on our retirement account statements change, and likewise, the market value of our homes.  The numbers remain paper gains or losses until we are ready for our next adventure.  With real estate, we have the unique benefit of renting the property to generate income if needed.

I appreciate the opportunity to help with your local real estate plans!

ann.delaney@timkerrsir.com    609-967-7950

UnderContractSign

 

 

 

 

This entry was posted in Seashore Real Estate. Bookmark the permalink. Post a comment or leave a trackback: Trackback URL.

Post a Comment

Your email is never published nor shared. Required fields are marked *

*
*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Tim Kerr Sothebys Logo