We are smack dab in the middle of our slow season, but it isn't slow! Although there have been some epic lows in the temperature department, and some messy storms, it isn't shaping up to be the winter that the last ones were. People are looking at real estate, and they are looking both on line and in person.
Weather may be part of it, but I also have thought for some time that we just aren't as seasonally tied as we used to be. Maybe it's because Connecticut is old on average, and doesn't care as much about the school calendar. Maybe it's because taxes drive real estate purchases as much as anything does, and that means end of year for lots of people. Maybe there just isn't any reason at all. Whatever the answer, we can't tell what kind of winter we'll have until we're in the thick of it.
It's also true that it may not matter that much, because we say that the market is "late" or "early", if the listings and sales don't mostly come in the spring. That's really just another way of saying that the market for real estate is not as predictable as it used to be. What that means for us now? We have buyers and tenants out there, so sellers should decide that spring has sprung, no matter the temperature, and list as soon as possible!
Showing posts with label spring. Show all posts
Showing posts with label spring. Show all posts
Thursday, February 25, 2016
Tuesday, March 27, 2012
Users are Out There
We have been happily surprised this season by the interest in listed properties by users. During the darkest days of the recession, most people who were looking at properties were investors, usually what we call "bottom fishers"--people looking to get a really good deal from the misfortunes of others. This is especially true when they have cash and can close immediately.
While we expected the early spring market to be more of the same, we are finding that showings are more often for businesses and organizations that need space. There are a lot of start-ups, and also places that need to expand. This is an excellent sign for the improvement of the commercial real estate market, and one that we hope to see continued in the weeks and months to come!
While we expected the early spring market to be more of the same, we are finding that showings are more often for businesses and organizations that need space. There are a lot of start-ups, and also places that need to expand. This is an excellent sign for the improvement of the commercial real estate market, and one that we hope to see continued in the weeks and months to come!
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