First Quarter Bodes Well for 2010

Whenever I introduce myself as a Realtor, one of the first questions I get is, "How's business?" For a while now, that question has been puncutated with a little wince (from both of us!). No doubt, it's been a challenging 18 months or so.
However, from the word go in 2010, my response to that question has changed to, "Fabulous!" Here at 12 Bridge Street the recovery of the housing market is in full swing. Here are some of my stats in this first quarter so far:

• Buyers whom I haven't heard from in 2 years are contacting me and getting back into the market.
• Six new listings with 3 more in the works
• One of those listings already SOLD (closed yesterday) from an offer that came in 6 days after it was listed
• One more listing under agreement, from an offer that came in 2 days after it was listed

A lot of this activity is driven by the Federal Homebuyer Tax Credits. Existing homeowners stand to gain $6,500 at the closing table for buying a new primary residence. First time homebuyers can expect up to $8,000. This is not chump change!

 

May and June will be busy with closings, then we go into July, the busiest shopping month for Cape Cod real estate. Here's hoping that the activity we're seeing in the first part of the year will create enough momentum to get us back up to cruising altitude by the summer!