Here at Jewell Real Estate Agency, we sell mostly vacation homes at the Jersey shore. Condos, townhomes, single family homes – they are all elements of the dream families have of owning a second home in the Wildwoods.
Being a second home market, our yearly calendar of sales activity is fairly predictable. By that I mean that just like a school year starts and ends around the same time each year and school vacations are scheduled about the same weeks each year, our business also has regular busy and quiet times.
Our real estate market usually cools off each year about 10 days before Thanksgiving and that semi-hibernation lasts through New Years Day. That’s a time when local realtors takes cruises and warm weather vacations or work shorter days and cut to a minimum of floor time. In the past, some real estate agencies even closed from Christmas Eve through January 1st, though not us.
Because that six week period is fairly predictable, any decrease or increase in potential buyer volume is a good barometer of the condition of our local real estate market. We can gauge fairly accurately what type of year we are about to have by how many email and phone inquiries, plus walk-in traffic, we get during that time period. It’s sorta like the Groundhog predicting more winter or not, if you get my drift.
Which brings us to this year’s prognostication.
We were busier than usual leading right up to Thanksgiving Day, then the trend continued right up through Christmas Eve. The day after Christmas (yesterday), the phone and email inquiries were brisk. We’ll be juggling property showings all week long. Hurray!
While perhaps not very scientific, our real estate business indicator is predicting a good 2010. What more can we ask?
- Mountain Man and City Girl
http://www.MountainManandCityGirl.com
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