A is for April, A is for Activity

The Masters is on, the course appears to be its fabulous self and we are getting loads of snow. Its just wrong.

On a brighter note, the activity here in the Northwoods is picking up. I suspect that the tulips down below the Arctic Circle we know as Hwy 8 are coming up and buyers are dreaming of a summer at the lake! There has not been a ton of on-water activity as are water remains quite hard and quite buried. It is difficult to show lakefront with an snow shoes and an ice auger.

With that, I have Jim's theory of Northwoods business at this point. 80% of our market is recreational properties. That is, they have a primary residence elsewhere (i.e. warmer). Those with money seem to be quite content to watch the market from the sidelines but not participating. Those with less money are less patient and are asking about price reductions and similar questions. The dividing line at this moment in time seems to be around $500,000. Many above are willing to wait for the market to go back to its usual robust self. Those below are stuck with a market with a lot of competitive listings and not many buyers (thus far).

Now, back to building my 25th snowman of the year.