It's March 1st and There's 10cm of snow on the ground from a fresh snow. It seems like winter is never going to end. It's been the coldest and the longest winter we've seen for a while.
I had my first client for oceanfront in town this week,and he had to fly out emptyhanded. There is no product on the market that wasn't left over from last season. I believe that 2008 will be busy for 4 reasons.
There is alot of clients left over from last year that did not buy. I know that I have a handful left over.
A large group of people are looking to move here from Calgary / Edmonton. They are going through a downturn which is going to last till May -but they will come!
The investor who is willing to build on raw land will make money! In fact ,that product is exactly what will sell in todays market. Don't build a big home though. And bungalows are hot!
The four hundred thousand - five Hundred thousand market is always quick to sell and The high fives and sixes in good shape will sell this year.
It' a good idea if you plan to buy - to work with a buyers agent like myself. The thing about Oceanfrontage especially in St. Margaret's Bay- is Learning the local trends and figuring out which shore is popular. If you plan to own a boat -it is much more important to work with someone who knows the shoreline and the coastline with respect to navigation and water depths.