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We are continuing to experience a high demand for property with few properties available.

Probably the most startling fact is that the median price of a home in this Coastal area is now $795,000.00 and there are only a very few homes available for less than $400,000.00. It’s also interesting to note that in our "quaint" area there are quite a few properties for well over $1,000,000.00, many more than we’ve seen on a regular basis.

The last couple of years have demonstrated that the minute we wind up our holiday period, prospective purchasers are ready to resume their search for property, and put their money where their thoughts are.

What does all this mean?

If you are buying property, it is absolutely imperative that you are pre-approved for you loan, know where your down payment and closing costs are coming from, and/ or be able to document your funds to purchase. In our current economy, many people are in the fortunate position of being able to pay all cash. If you are in competition for a home and don’t have your financial approvals, you will experience a lot of disappointment when you are not taken seriously in an offer situation.



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If you are selling property, you are in a fortunate position. However, don’t assume the buyers are not educated or prudent with their funds. A well-priced home that is staged so it sparkles, and the Buyers can see the home and not your belongings, will sell quickly and usually with some competition.