Since the fishing is good, it's nice to have a couple of listings on the river, and I've noticed a spike in inquiries on both the Homestead Resort on the River which I have listed for sale, and on my listing for a secluded retreat on the Betsie River which just got a healthy price reduction.
Speaking of price reductions, I was really pleased to have secured price adjustments on five of my listings this week. While it seems that real estate activity has ratcheted up another notch, most of the activity is still being driven by value/price. More on those values in an UnReal Deals post soon.
Thanks to lots of hard work, I've stayed pretty busy all year, but it's at another level now, and I'm hearing that others are seeing the same trend. One agent I spoke with put deals together for 8 customers in the past two weeks, and I have two properties that received multiple offers this week. In other words, we had two buyers battling for one property. It's all good news, and combined with a downward trend in the number of new listings being placed on the market, we're working toward a healthier inventory level. Great mortgage rates and the $8000 first time buyer tax credit are helping out some too. It's a shame that the tax credit is limited to folks who haven't owned a home in the past three years though.
Tomorrow I'm off to Cadillac to give a presentation for the Paul Bunyan Board of REALTORS about the use of Social Networking by REALTORS, then back to the office for a 3:30 closing before heading back south to Kentwood, hauling the props for my oldest son's Odyssey of the Mind Competition.
If anyone hears any reports on Steelhead, smelt, or morel mushrooms, please post a comment. General information is find, no specifics necessary. I don't expect anyone to give up their favorite spot!
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