We had a very busy weekend with our Open Houses! Buyers are out, offers coming in, second showings are being arranged! All of this I expected when we had such a slowdown in the March/April timeframe. I've been doing this for a while now and have developed a "nose" for the business. June will be a very good month and I believe the summer will be good. Fall may be slow as the second home buyers may wait a bit longer before jumping in, however, the high end second home buyer is out in full force.
High end activity is very strong. There are currently 18 Pending contracts in the county with a Listing Price over $1,000,000. This realates to an average of $756 per square foot. Closed transactions versus last year are slightly down from 17 closed to this year of 15. However, the average price per square foot is up to $679 from $640 in 2006.
The bonus money from the record year on Wall Street is heading this way!
As the Broker/Owner of William Raveis of RI, I am fortunate to work with the William Raveis group, the largest family owned real estate firm in the northeast and the 9th largest in US.
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