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Saturday, March 21, 2009

Friday 20 March 09 - Lots of action this week

- Many showings, several offers and several accepted offers. I was in the third multiple offer situation in the last month.
- Investors are looking to buy again indicating a return of confidence in real estate as a good investment. My personal experience with condos in the $1,300/1,400 per month bracket is that rental demand is good.
- Booking showings for this weekend and about 35% of properties were reported to have an accepted offer. This applies to the more affordable price ranges; showings of high end properties are always easier to book.
- Still a lot of negative talk about the real estate market from Buyers. Trying to keep prices down?
-The stock market has been going up the last few days. Real estate demand has increased the last few weeks. Is this the start of a trend?

Have a great weekend! To search MLS for real estate listings go to http://www.christinelouw.com/

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