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RUMOR HAS IT THAT IT IS OPEN SEASON FOR THE BARGAIN HUNTERS
Posted by V.K. [Mel] Melhado P.A. on Sunday, March 9th, 2008 at 4:25pm.
As we head toward the end of ‘high season’, (Easter comes early this year and traditionally Easter signals the end of ‘high season’,) we are seeing pending sales picking up in the greater Naples Real Estate Market. Maybe it is because the fence sitters are finally getting the message that the market has indeed stabilized and the exceptional bargains are being snapped up by the Canadian and European buyer. It isn’t that the huge inventory that we have is going to disappear anytime soon, but the exceptional bargains will, it’s happening as we speak.
While some of the American buyers remain ambivalent about whether to finally pull the trigger, (they express concern for everything from the economy, their stock portfolios and such to the price of gas,) the Canadians and Europeans seemed rather un-fazed by it all and are taking advantage of a depressed market.
My suggestion would be jump in the water’s fine, because the smart money is certainly stepping in!
V.K. [Mel] Melhado PA
Downing-Frye Realty, Inc.
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