Happy New Year Everyone! Jewell Real Estate Agency had a good 2008, and we are looking forward to an even better 2009. The year started off with a bang on January 2. Our office was so busy and crowded you couldn’t move. Both Douglas and I had people in our office looking to buy and there were people in the front office waiting to talk to us. Instead of all the doom and gloom that you read in the newspaper, the people we talked to were upbeat and felt it’s the right time to buy. We couldn’t agree more. Interest rates are at an all-time low.
I received a rate sheet today from Wells Fargo that had a 4.75% 30 year fixed mortgage rate with 0 points. Other rate sheets I received were slightly higher but in the same range. How long will this last? No one knows.
Here’s some stats for Cape May County that may interest you. Last year (2008) there were over 1900 properties sold. The year before had over 2200 properties sold. Properties available now in the Wildwoods (Wildwood, North Wildwood, Wildwood Crest, and West Wildwood) number around 1192. Other areas: Avalon – 297; Lower Township – 386; Middle Township – 425; Upper Township – 83; Dennis Township – 137; Cape May – 300; Sea Isle City – 252; Stone Harbor – 149.
If you’re considering whether to buy, now is a good time to see what’s out there. There are some great properties to be had. If you’re looking to sell, it’s still a great time because the low interest rates are helping to get a lot of people off the fence and making an offer.
If the past week is any indication of what’s to come, it’s going to be a good year. Check out our Featured Listings and the entire MLS on our website. Give us a call or send us an email. We’d love to hear from you.
City Girl – Joyce Jewell, GRI, ABR, ePRO, ASP