Foreclosures and distressed sales are currently the primary activity of real estate sales here on the island. Until these type properties are sold, don't expect any normalcy in the market here. It truly is simply an example of economics in supply and demand. Folks who have been watching the market are moving with lightning speed when these properties pop up. The buyers have always dictated the price in real estate, and it has never been more apparent than in recent days.
Properties that are for sale under normal circumstances for the most part are just sitting there, while the distressed sales are happening quite rapidly. Our agency, LANDMARK REAL ESTATE GROUP, has sold more property on the Island than any other company in the last 12 months. I believe this is because our history of being builders/developers and our work ethic has separated us from our competitors. Having experience in both building houses and developing properties has given us insight and rapport with other developers who are struggling to liquidate properties during this adjustment in the market. We truly do understand what is going on!
Please give us a call or email us for the latest and best deals available on Topsail Island. Oh yeah, the important stuff; the King Mackerel have finally shown up right on the beach following the schools of Menhaden. The Speckled Trout bite is good around all the bridges and structure in the sounds and Intracoastal Waterway! Email me for a fishing trip and tour of all the good real estate deals available!
Thursday, July 9, 2009
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