Charlie Arthur's Port Townsend Real Estate Blog

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Why aren't you buying real estate?

 

So far this year the DJIA ( Dow Jones Industrial Average) is down 14.44%!!  I am curious to know why people aren't taking their money out of the stock market and putting it into real estate.  The selection of property on the market is higher than it has been in years.  Jefferson county washington state is experiencing a slow market, but prices haven't plummetted.  The time on the market has increased considerably, but the price has only come down a little.  But there are more homes to choose from.  This is a great time to buy.  Interest rates are still very good. 

 

Comment balloon 4 commentsCharlie Arthur, CCIM • June 30 2008 06:17PM
Why aren't you buying real estate?
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So far this year the DJIA ( Dow Jones Industrial Average) is down 14. 44%!! I am curious to know why people aren't taking their money out of the stock market and putting it into real estate. The selection of property on the market is… more
Incredible multi home compound in sunny spot
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Mountain Views, incredible gardens, 3 homes built in 2000. 714 P St. is 2566 square, plus a 528 sq. ft garage. 710 P street is 800 square feet, 748 P street is 600 sq. ft. PLUS there is room to build more homes. total of 5 parcels already divided… more
Filling Flyer Boxes
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Why don't they make a flyer box that tells me when it is empty? Maybe a small radio chip that sends a signal when the box is empty? The sellers would be astonished at how you show up immediately after the last flyer is taken. Or maybe there… more
GPS home finder
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I thought I would share a technological idea with the world wide web. With GPS enabled phones, they should set up a service, whereby the buyers input the property they want, and whenever they are near a listing that matches their criteria… more
Buyer's Market in Port Townsend, Port Ludlow and Jefferson county
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We are seeing 3-5 price reductions per day in Jefferson County, and 2-8 new listings per 24 hour period. While there were only 21 houses sold in the entire county during the whole month of May 2008 in the Northwest Multiple Listing service for… more
No More Negativity
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I woke up this morning determined to be optimistic and positive. No more negativity. The sun is shining here in Port Townsend Washington. The temparature is around 60 degrees. The real estate prices are great for buyers. There are more choices… more
Weather is cool in Jefferson County
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While the rest of the country experiences a heat wave, Jefferson county, WA is enjoying pleasant temperatures in the 50's and 60's. The beautiful protective cloud cover keeps us cool and with the proper attitude to get work done. We are not… more
Best Time to Buy Real Estate in Port Townsend and Jefferson County
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Lots and Lots of inventory and prices are good. Interest rates are still good. 10 years-the last five were overpriced and the next five will likely see reasonable appreciation as the major price corrections have occurred. Five years from… more
Jefferson County Real Estate Market Port Townsend
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I must say that January and February have turned out to be very, very good. Our office has closed 23 transactions which is 17. 42% of the Jefferson County NWMLS activity. The market is picking up nicely. Average days on the market for the inventory… more
Seattle Turning Point
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One word describes the Turning Point Advanced Business Addition… AWESOME! Brian Buffini was on fire! His new ideas(really old ideas presented in a new way) about networking with business owners/vendors, etc. was thrilling. They offer a new… more