Since the beginning of the year, we have noticed higher than usual activity from buyers attending open homes during this time of the year. Last Saturday we saw a large number of buyers coming to all of our properties. A majority of our properties are currently in the higher end of the marketing, being million dollar plus properties. In 2008 and 2009 when the market was not as strong as it is now, the higher end of the market were more affected comparatively to the first home owner market. This shift towards strong buyer activity in the high end indicates that the market is currently confident and strong.

Many media outlets are indicating that the interest rates and the potential for them to increase is negatively affecting buyers thoughts upon the stability of the market, however, from what we have seen this is clearly not the case. Don’t believe everything you see on the tv, hear on the radio, or read in the paper!

Judi o’Dea

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