The life of a Realtor can be a busy one. Yesterday I got up at 5:20 am in the morning to handle my email and update two websites. I packed my day-pack with cameras, tape measure, basic paperwork and bicycle and headed for the ferry dock at Catawba. I always enjoy talking to people on the ferry boat. There were not many people on this cold and rainy day, but I did talk to a couple who were going over for their first time as tourists. I suggested they come back in the spring when more was open, but recommended some places that were still open for business.
I showed a nice ranch we have listed on South Bass Island (Put in Bay is a Village on South Bass Island) to some buyers. They seemed interested - but you never know until they contact you for more information or to make an offer. While leaving the ranch I got a call from a contractor who was doing work on the island and he and his wife wanted to look at a historic home surrounded by woodland that has been completely restored. I was two blocks away and met them in 20 minutes. They were very impressed since I was on a bicycle.
After showing the homes and refilling the flier boxes I headed for the village and grabbed some quick lunch at the Fishbowl. I then biked over to the Miller Boat Line office from which I caught the ferry over to Middle Bass Island. Once on Middle Bass I helped my father winterize our place, pulled most of the flier boxes on the island and stored them in our island office (just ordered new signs for the street for next spring!!) and grabbed more food at Walleyes.
I'm a lucky person. I list and sell real estate along Ohio's North Coast. Beautiful locations like Avon Lake, Vermilion, Huron, Catawba, and the Lake Erie Islands are my office much of the time. If you are considering a primary home along Lake Erie's shores, a new business location, vacant land for future plans or a summer retreat contact me at leehisey@howardhanna.com. I would love to help you discover Ohio's islands and shores.
For our current listings visit: http://www.OhioIslandsAndShores.com
12 October 2012
The Real Estate Market Showing Signs of Recovery with Shortages in Key Ohio Markets & Price Ranges
The housing market is improving -
http://www.mortgagenewsdaily.com/10092012_fannie_mae_housing_survey.asp
Foreclosures have fallen to a 5 year low -
http://money.cnn.com/2012/10/11/real_estate/foreclosures/index.html?section=money_realestate&utm_source=twitterfeed&utm_medium=linkedin&utm_campaign=Feed%3A+rss%2Fmoney_realestate+%28Real+Estate%29
Some of our key markets in Northern Ohio are short on listings -
I've been hearing about data and saw a couple of charts at a meeting showing a decline in listings available in key markets in the mid price range - roughly $200k to $400k. I decided to check one of our markets - the 44089 zip code for Vermilion, Ohio and the surrounding areas. With an increase in buyers and very, very low interest rates we've been experiencing increased sales. Apparently many sellers can't sell or are hoping prices rebound dramatically to pre-decline levels (unlikely). Remember - if you can afford to sell and wait until you homes value is worth more you will also lose the lower prices when you purchase and interest rates will undoubtedly go up. If you dream is living on the beach and you have equity in your home now is the time to make the move.
Vermilion Area (44089) and Avon Lake (44012) -
http://www.mortgagenewsdaily.com/10092012_fannie_mae_housing_survey.asp
Foreclosures have fallen to a 5 year low -
http://money.cnn.com/2012/10/11/real_estate/foreclosures/index.html?section=money_realestate&utm_source=twitterfeed&utm_medium=linkedin&utm_campaign=Feed%3A+rss%2Fmoney_realestate+%28Real+Estate%29
Some of our key markets in Northern Ohio are short on listings -
I've been hearing about data and saw a couple of charts at a meeting showing a decline in listings available in key markets in the mid price range - roughly $200k to $400k. I decided to check one of our markets - the 44089 zip code for Vermilion, Ohio and the surrounding areas. With an increase in buyers and very, very low interest rates we've been experiencing increased sales. Apparently many sellers can't sell or are hoping prices rebound dramatically to pre-decline levels (unlikely). Remember - if you can afford to sell and wait until you homes value is worth more you will also lose the lower prices when you purchase and interest rates will undoubtedly go up. If you dream is living on the beach and you have equity in your home now is the time to make the move.
Vermilion Area (44089) and Avon Lake (44012) -
10 October 2012
Ohio's Northcoast Real Estate Update along Lake Erie's Southern Shore
I'm sitting at Rio in Avon Lake, my regular coffee shop in the morning, and just reviewing my month and plans for today. We have had a flurry of activity this fall, selling multiple waterfront condominiums both along the shore on the mainland and on our beloved Lake Erie Islands. Buyers that have been sitting on the fence waiting for the Lakefront Condo of their dreams are now jumping into the market. We have had are best activity in the Vermilion and Huron areas, and on Middle Bass Island.
We are at a point where we are going to be short listings to sell so I'll be sending out some postcard mailings this week to try to get more listings. We send postcards to all "Expired" listings that meet our marketing criteria as well as specific lakefront developments. I'm also doing the initial research on creating some webinar programs for "Lake Erie Vacation Property" or "Lake Erie Living".
We have a large number of parcels for sale currently, and the prices are amazingly low based on historical pricing. I'm not sure why we do not have more investors coming into the market and grabbing them at this point. I can't imagine rates being lower or lot prices dropping substantially. It would be a good time to purchase for a mid to long time period investment. Visit http://www.OhioVacationLand.com to view what is currently available.
Interest rates are still at record lows - I'm refinancing again! Rates haven't been this low since the 1950's. If you haven't purchased yet you are INSANE!! We have vacation condos for only 5% down if you are a strong buyer.
If you are considering purchasing or selling along Lake Erie's southern shore contact me today at 440-315-6000 or leehisey@howardhanna.com. And don't forget to sign up for our Northcoast e-newsletter at my website http://www.LeeHisey.com to get new listing updates, northcoast events, and more.
We are at a point where we are going to be short listings to sell so I'll be sending out some postcard mailings this week to try to get more listings. We send postcards to all "Expired" listings that meet our marketing criteria as well as specific lakefront developments. I'm also doing the initial research on creating some webinar programs for "Lake Erie Vacation Property" or "Lake Erie Living".
We have a large number of parcels for sale currently, and the prices are amazingly low based on historical pricing. I'm not sure why we do not have more investors coming into the market and grabbing them at this point. I can't imagine rates being lower or lot prices dropping substantially. It would be a good time to purchase for a mid to long time period investment. Visit http://www.OhioVacationLand.com to view what is currently available.
Interest rates are still at record lows - I'm refinancing again! Rates haven't been this low since the 1950's. If you haven't purchased yet you are INSANE!! We have vacation condos for only 5% down if you are a strong buyer.
If you are considering purchasing or selling along Lake Erie's southern shore contact me today at 440-315-6000 or leehisey@howardhanna.com. And don't forget to sign up for our Northcoast e-newsletter at my website http://www.LeeHisey.com to get new listing updates, northcoast events, and more.
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