No Sizzle For January Sales

By
Services for Real Estate Pros with Midamerica Referral Network


Whether it was the weather or the economic forcast, January was a big zero for real estate sales in Shell Knob, MO  Only one property went into escrow.  The sale was for a small home, which sold for $106,000.  No lots or land were sold, but the ice storm cannot be blamed for all the inaction.

Man  

This is largely a second home, lake home and retirement area.  Clients who had planned to retire next year, and line up their retirement home this year, are now rethinking if and when they can afford to retire. 
They have questions about personal funds and investments, how  big a loss did their savings take?

 Will their present home still be worth the $500,000 it was three years ago?
Will the home actually sell, or languish on the market for a year?

Do they need to plan on working two more years before retiring?

February is showing signs of improvement.  Lake property becomes more active as spring approaches.


CALL JOAN  FOR LAKE HOME INFORMATION - 417-858-2209

TRI-LAKES REALTORS   417-858-3344                                                      

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Missouri Barry County Shell Knob
Groups:
Realtors®
Localism Beta
Vacation and Second homes
Tags:
home sales
shell knob real estate report

Spam prevention
Show All Comments
Rainmaker
141,497
Karyn Smith Woody
Harry Norman Realtors - Blairsville, GA

Hi Joan,  I also live in an area that is primarily a second home and retirement area. Most of my recent sales have been second homes. Most of my clients looking for retirement homes are from the FL area and are having a difficult time selling their places there. However, people are starting to recognize that it is a great time to buy and it seems to have picked up. I am positive about the outlook for 2009, but only time will tell. Best wishes, Karyn

Feb 05, 2009 04:58 AM #1
Rainmaker
2,190,192
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

What do agents do in areas like Shell Knob where there's only one sale in a month? Do you all go on vacation?

elizabeth weintraub sacramento short sale agent

Feb 19, 2009 03:32 AM #2
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
226,979

Joan Snodgrass

Ask me a question
*
*
*
*
Spam prevention

Additional Information