The Excitement is Back in Wildwood
Well, folks. It’s back. What’s that you ask? It’s a feeling in the air, it’s that spring in your step. Things are once again happening in the Wildwoods. Our phones have been ringing since the start of the new year with people calling for information on our properties and wanting to make appointments to view them. And, we’re not the only Realtors feeling that way. The island is abuzz with activity.
Remember back in 2001 when people were just starting to realize that the Wildwoods was the place to buy? The prices were low, and you could buy a small one bedroom condo in the Crest for just $23,000. Then prices started going up, and the crowds came and had to buy something before there wasn’t anything left. We even had people come into our office and say, “I have to buy something today!” Wow!
As time went on we heard people say they missed the boat. “I waited too long. Property is out of my price range”, they moaned. Well, you have another chance. The time to buy is now. Prices are stabilizing. Interest rates are low and expected to go lower. Inventory is going down. Many of the best properties are being scooped up. Fortunately, new listings are always coming onto the market.
I took a client around to look at property last week. Of the five properties we looked at, three went under contract in the next 2 days. My client didn’t even have time to think about them before they were off the market.
A lot is happening in the Wildwoods. Investors are once again putting money into the area. Now is a great time to buy. Don’t miss the boat again.
- City Girl