| Name: |
John C
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| Subject: |
August 08 MLS sales results
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Date:
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10/20/2008 8:44:31 PM
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See the link below. I threw in a very interesting and surprising (at least to me) statistic about waterfront lot sales.
if any of you have any thoughts, feel free to comment on my blog.
URL: Lake Martin MLS Sales Results - August 2008
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| Name: |
greycove
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| Subject: |
Thanks for sharing this info
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Date:
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10/21/2008 11:33:43 AM
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Surely the spring of 2009 will see some improvement.
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| Name: |
John C
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| Subject: |
Thanks for sharing this info
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Date:
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10/21/2008 11:40:21 AM
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my pleasure. I just wish it were better news.
hopefully demand will heat up in 09. I know that buyers I am working with right now are glad to have these low rates and lots of choices.
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| Name: |
GoneFishin
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| Subject: |
Thanks for sharing this info
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Date:
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10/21/2008 4:58:22 PM
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John, I see the numbers and wonder how the realtors can survive. Have any of the agencies closed?
Many will look back in a few years and say what is always said after the fact " Why didn't I buy in 2008"?
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| Name: |
JIM
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| Subject: |
Thanks for sharing this info
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Date:
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10/21/2008 7:16:08 PM
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From what I see ,you might kick yourself in the a&& for not selling in 2008. As my daddy said a fool and his money soon parts ways. It`s gonna get a lot worse before it gets better. If you bought in 2006 at inflated prices,the sellers are smiling all the way to the bank.
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| Name: |
pontoon
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| Subject: |
Food for thought
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Date:
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10/21/2008 9:11:10 PM
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I purchased in late 05
Yes - I paid more than i could sell for today
Would I sell today for even money - even a profit??
NO - My family has enjoyed the lake and it has brought us closer together
--I bet I would have lost the difference in stocks & mutual funds...
Better to have an investment you can enjoy
pontoon
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| Name: |
Feb
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| Subject: |
Food for thought
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Date:
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10/21/2008 9:14:04 PM
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Oh So True.
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| Name: |
BigFoot
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| Subject: |
Food for thought
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Date:
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10/21/2008 9:17:17 PM
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...excellent analysis of the situation!
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I'm have no doubt you would have lost more (on paper) if invested in stocks, and there is no replacement for enjoyment of the lake and family....life is short, and you can't take it with you when you depart!
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| Name: |
DJ
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| Subject: |
August 08 MLS sales results
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Date:
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10/22/2008 4:57:22 AM
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John, thanks for all this information, I was wondering if you have sale price vs list price information on these homes that sold? Are these million dollar plus homes or are these bargain-grabbing sales at rock bottom prices as I suspect........
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| Name: |
muddauber
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| Subject: |
Food for thought
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Date:
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10/22/2008 7:40:33 AM
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Very well said. A home is much more than an investment. Over the years, the money will take care of itself.
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| Name: |
lamont
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| Subject: |
Thanks for sharing this info
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Date:
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10/22/2008 8:54:40 AM
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I sincerely doubt it will get worse. Even with the downturn, our lakehouse doubled in the 2 years of 2004 and 2005. Still a much better return than my stocks and mutual funds. Plus, as many have mentioned, you can't put a value on the enjoyment of having a place on Lake Martin. And finally Jim, that "fool and his money" stuff is getting a little old.
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| Name: |
roswellric
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| Subject: |
Yes But
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Date:
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10/23/2008 10:15:47 AM
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You bought property back in 1936...
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| Name: |
BigFoot
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| Subject: |
Yes But
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Date:
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10/23/2008 11:04:58 AM
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lol....you're talking to Big Foot, not Big Ben!...but I did get a nice lot for 11k in 1978...
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