Good idea some Realtors had to combine and advertise condos that are open on November 1 so buyers can concentrate on those available - web news and emails - plus some newspaper -we'll see the outcome - Are there buyers our there? The interest rate is low enough - 5% - and this is a good time to settle in.
The spreading American Elm tree is still in good health on Bloomfield Avenue, near Berkeley - over 100 years old -the great tree reaches almost across the street.
I did not get to the lunch at the UN, however did go to a networking meeting at 633 3rd avenue with Realtors from all over - US and abroad - (great day to be in the City, and walk from Port Authority bus terminal) Met with agents from NYC, Jersey City, Point Pleasant, Virginia, San Francisco and locations between. The most common topic of discussion was the ' market' - and how it is slow for most - however, there are areas where sales are continuing. ( especially with a Buyer's Broker in the city) - The international investor is evident ( the dollar works in their favor) and creates activity) Development has slowed in many areas - with the money being the biggest hindering element. When will things change? That will take a few more meetings to attend. The National Association Meeting in San Diego next month is where I'll keep tracking trends. What's happening here in Montclair? The lower priced properties - ($300,000 - 600,000 are generating interest - the upper price ranges, sporadic activity.) We'll see what this weekend brings -no Giants game, maybe good weather -
Where was everybody - our office had 4 open houses - all price ranges and Bloomfield and Montclair - and very few 'lookers' It must have been the NY Giants game - or the wet cold weather - Good thing buyers use the internet for their 'looking' .....will try next week again - other houses.