This year so far has been tough in the mountains. Winter seems to have lasted forever. Also lay-offs in some of the industries, notably carpet have effected the local economies. We are often a lagging indicator of the market. So while other areas were experiencing high rates of value decline not so much us.
But lately the declines have excelerated. So in some ways while thers are rebounding we are struggling. The news is nt all bad. Given the economic state we already see more and more local folks traveling and exploring the mountains as we are close to them. We also see folks moving here to down size, improve their quality of life and in general reduce their costs.
So it is a mixed bag for us right now. Spring and summer will tell the tale. Will the upswing in first time buyers carry us forward and lead a rebound? Only time with tell
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Charlie Ragonesi All Mountain Realty Big Canoe and Mountain Blog
On line at www.allmountainrealty.com Call at 706 579 1098
I'm pretty sure most of us in Active Rain have similar challenges in our business. . I can assure you that my team and I are reminded everyday that we can not control the economy but. .we can control what we do. I know with certainty that someone will be sitting down at a table signing documents buying or selling a home TODAY.. It may as well be us .. representing one of them!
HI Charlie, hopefully your area will escape most of the downturn, we have had some impact here but not like many areas, we are so very grateful that its only slowed around here and not died on the vine. Prices have steadied here not dropped like a rock.