Activity On LBI

Dated: November 25 2014

Views: 3261

The holiday season is here and typically there is a slowdown in activity, particularly in the second home market...right? This past weekend one of my buyers sent me eleven properties that he would like to see. When I made the usual phone calls to find out about the showing instructions, I was informed that five were under contract. They had a particular interest in one property, and when I followed up to obtain some additional information I was told that an offer had just been presented. So much for slow. I remain convinced that buyers in the second home market are financially better positioned than they have been for several years. I had one client tell me that he had a nice run-up in the stock  market, was convinced that would not be the case indefinitely, and thought real estate was a better option going forward. I am sure he is not alone. Typically, folks at this time of year will hold off until the Spring, but I have a strong feeling that you could be late to the game this time around.

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