The chart below shows how sales in the first quarter of 2008 were double what they are in the first quarter of 2009. Many of my clients are concerned about their retirement accounts declining due to the stock market. Some clients don't realize they still can get financed for a second home.
Something else I found interesting when reviewing the data for the first quarter of this year is that only 2 transactions were over $430,000. Half of the sales were below $325,000. Last year 4 sold were over $430,000 and 12 sold for under $325,000.
Phyllis Minik, WesternShoreBlog.com
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