All markets follow a cycle, and real estate is one of the most predictable. So, where are we now?
Check out this article posted in August of 2007, referring to another article posted in January of the same year. It provides a good perspective from that time in our recent history.
Compare the charts in that article with the one posted above, to indicate where I believe we are today; just past the Point of Maximum Financial Opportunity. My opinion is based on the decreasing inventory, shorter days on market, and rising prices. Where do you think we are in the cycle?
Do you know where the best beaches are located, and why? Don't worry, we do. Do you know which neighborhoods have deeded private beach rights? Which beaches have the lowest bluffs and easy beach access? Which lakefront homes are located within areas designated as High Risk Erosion? We know, because 255, 255); background-color: rgb(165, 165, 165);">Lake Michigan Lakefront Property and beach access real estate in Southwest Michigan is all we do.
Let's talk before you move forward with your next real estate transaction. You will be glad you did.
Paul Zubrys, Principal Broker / REALTOR
Southwest Michigan & Northwest Indiana Real Estate since 1987.