Tuesday, February 10, 2009
“Who is buying Real Estate Now”?
I had a client ask me this today and I thought I would share the answer with you.
On Hilton Head Island, South Carolina there are approximately 339 pended listings as of this writing. Of the pended listings, 242 are homes with an average price of $710,198, 56 are villas with an average price of $368,549, and 41 are lots with an average price of $404,129.
Because of this statistic, we can expect in the next 30-45 days there will be 339 more homes SOLD!
Today’s buyer is savvy, smart and confident. They know the rule to ‘buy low and sell high’. Some people on the other hand know the cost of everything and the value of nothing.
These new buyers are educated on both cost and VALUE. They know that Hilton Head Island historically has some of the lowest priced oceanfront real estate on the east coast. They know that the town has protected over 1100 acres from development and they know that it cost the town $144,000,000. This new buyer knows when to take advantage of a great deal while selection is still inviting.
These buyers might be your neighbors, co-worker, clients, or family. This new buyer could be a couple preparing to retire, a young couple or family seeking to build wealth for their future and their family’s future, while creating memories that will last a lifetime.
They are the people at the party that talk about what they have done in their lives, their experiences and travels. These new buyers would rather listen to a story about Spanish Moss and moon beams before a story about a stock certificate hidden away in a safe deposit box.
I guess a better question is, "Are you one of these people”?
There has never been a better time to be a buyer.