While the proponents of Wind Energy are going around asserting that a Wind Farm in your neighborhood will increase your property values I have my doubts.
The noises coming from Local Governmental circles re the wind farm proposal are not entirely encouraging to those of us who are against it.
Is it because they want these wind turbines in the Lake or do they just want them somewhere?
Personally I don't mind if they just want them somewhere - just don't ruin our beautiful unique (in the true meaning of the word) lake.
I'm all for alternative energy sources and how about putting scrubbers on the exhaust from Coal fired plants and using Natural gas of which there is now an abundance. What about getting the French over here to show us how to build a modern Nuclear Power system since I doubt if we now have the ability to do it ourselves.
Well, now that I got that off my chest!! - the real estate values are being impacted right now by the general malaise in the market.
The good news is that our phones have been very busy lately and we are looking forward to a better year in 2010.
Tuesday, January 26, 2010
Wednesday, January 20, 2010
Lake Michigan Property values
Finally the Lake Michigan water front property values are under pressure - foreclosures may this year make this part of the real estate market difficult.
Already it has been a slow market but now that the numbers of foreclosures seem to be increasing in this market it will give entry level investors a good opportunity while putting others under pressure to sell.
Ultimately the property values will strengthen and increase but I can't say just when that will happen.
One thing I can say for sure is that Foreclosures and the prospect of a Wind Farm close to shore are 2 factors that must go away before we will see any confidence return to the market.
The Wind Farm business also affects the second home market in general. No-one wants a second home in an industrial area - which is what our playgrounds will become if this Wind Farm nonsense as allowed to proceed.
WRITE TO YOUR REPRESENTATIVE AND YOUR SENATOR ! ! ! - now!!!
Please!!
The GOOD NEWS is that a lot of people who could not afford a home previously are now in the market and acquiring nice homes in the under $150,000 range.
Keep well
Sincerely
Quintus
Already it has been a slow market but now that the numbers of foreclosures seem to be increasing in this market it will give entry level investors a good opportunity while putting others under pressure to sell.
Ultimately the property values will strengthen and increase but I can't say just when that will happen.
One thing I can say for sure is that Foreclosures and the prospect of a Wind Farm close to shore are 2 factors that must go away before we will see any confidence return to the market.
The Wind Farm business also affects the second home market in general. No-one wants a second home in an industrial area - which is what our playgrounds will become if this Wind Farm nonsense as allowed to proceed.
WRITE TO YOUR REPRESENTATIVE AND YOUR SENATOR ! ! ! - now!!!
Please!!
The GOOD NEWS is that a lot of people who could not afford a home previously are now in the market and acquiring nice homes in the under $150,000 range.
Keep well
Sincerely
Quintus
Wednesday, January 13, 2010
Wind Farm Woes
There is a tremendous concern presently that a Wind Farm might appear in lake Michigan only a mile or 2 from our beautiful shoreline.
Take some time to contact your Representative and Senator to tell them that you don't want this to happen.
And if you, perhaps, do want it to happen then either you do not have an interest in Lake MI shoreline in Oceana County or you are under a misunderstanding about what this wind farm will do for us. Or maybe you stand to gain from the Millions of dollars of Taxpayer money that will be used to create such a monstrosity.
Public Meetings are to be held in Shelby High School at 7pm on the 18th Jan 2010
and in the Peterson Auditorium in ludington at 7pm on teh 19th January.
Contact me if you want further contacts and info.
Take some time to contact your Representative and Senator to tell them that you don't want this to happen.
And if you, perhaps, do want it to happen then either you do not have an interest in Lake MI shoreline in Oceana County or you are under a misunderstanding about what this wind farm will do for us. Or maybe you stand to gain from the Millions of dollars of Taxpayer money that will be used to create such a monstrosity.
Public Meetings are to be held in Shelby High School at 7pm on the 18th Jan 2010
and in the Peterson Auditorium in ludington at 7pm on teh 19th January.
Contact me if you want further contacts and info.
Monday, January 4, 2010
A new year - a new program
This year I plan to write here more prequently - Hows that for a start?
Major fight coming up on the part of the land owners along the shoreline of Lake MI - The Wind Farm.
I will try to provide some info - First there is a meeting on the 18th Jan in the Shelby High School. Followed by another in the Peterson Auditorium in Ludington the following night - it would be great if so many people turned up that they could not all get in the building!
There is a Facebook group "people against the Lake Michigan wind farm"
On the real estate side - sales have been staedy but small residential homes only. This is a good time to buy - no doubt about that.
HAPPY NEW YEAR!!
Quintus
Major fight coming up on the part of the land owners along the shoreline of Lake MI - The Wind Farm.
I will try to provide some info - First there is a meeting on the 18th Jan in the Shelby High School. Followed by another in the Peterson Auditorium in Ludington the following night - it would be great if so many people turned up that they could not all get in the building!
There is a Facebook group "people against the Lake Michigan wind farm"
On the real estate side - sales have been staedy but small residential homes only. This is a good time to buy - no doubt about that.
HAPPY NEW YEAR!!
Quintus
Saturday, October 3, 2009
The newspapers and the press are all trying to make out that the market is improving and with statistics you all know anything is possible!!
From our view point here in Pentwater the market is just as stuck as it has been this past year.
In January we had 100 homes listed in the Village and Township; now we have 120.
There were 27 condos listed for sale in the Village of Pentwater in January and we still have 27 for sale although a couple of them sold and a couple more came to the market.
All in all 14 homes were sold; 6 in the Village of Pentwater and 8 in the Township. 3 were bank owned (foreclosed). Yes, I know there are 3 more months in the year, thankfully.
We closed a short sale this week - been working on that since April.
Buyers are buying but only when a bargain is to be had.
First time buyers have been prominent in the market and there is a little flurry of activity going on right now as they try to beat the November deadline for the $8000 tax credit.
Unfortunately, many potential first time buyers fail to get a mortgage because the lending institutions are so bound up! (dose of salts required, I guess)
When you can buy homes in Detroit for $7000 and in Muskegon for $15,000 it comes as no surprise that the rest of the market has stalled - Maybe better news next week!
Quintus
From our view point here in Pentwater the market is just as stuck as it has been this past year.
In January we had 100 homes listed in the Village and Township; now we have 120.
There were 27 condos listed for sale in the Village of Pentwater in January and we still have 27 for sale although a couple of them sold and a couple more came to the market.
All in all 14 homes were sold; 6 in the Village of Pentwater and 8 in the Township. 3 were bank owned (foreclosed). Yes, I know there are 3 more months in the year, thankfully.
We closed a short sale this week - been working on that since April.
Buyers are buying but only when a bargain is to be had.
First time buyers have been prominent in the market and there is a little flurry of activity going on right now as they try to beat the November deadline for the $8000 tax credit.
Unfortunately, many potential first time buyers fail to get a mortgage because the lending institutions are so bound up! (dose of salts required, I guess)
When you can buy homes in Detroit for $7000 and in Muskegon for $15,000 it comes as no surprise that the rest of the market has stalled - Maybe better news next week!
Quintus
Monday, September 21, 2009
3rd Quarter 2009
Searching for bright spots in the housing market ??
The choice out there right now is staggering!! If you are in the market in any way - start looking; start educating yourself about the market now because it won't be long before the great buys are all gone.
Recently a home on Pentwater Lake sold for under $300,000!
A home in the Village of Pentwater sold recently for under $110,000!
Sure there are a lot of offerings in the $300,000 bracket but check out what is under $200,000.
I predict that we will have a busy winter season with buyers trying to make sure they are in the market before the prices firm up again.
Hope you are all well and that your summer was wonderful.
Time to go fishing again - Great house hunting!!
Quintus
The choice out there right now is staggering!! If you are in the market in any way - start looking; start educating yourself about the market now because it won't be long before the great buys are all gone.
Recently a home on Pentwater Lake sold for under $300,000!
A home in the Village of Pentwater sold recently for under $110,000!
Sure there are a lot of offerings in the $300,000 bracket but check out what is under $200,000.
I predict that we will have a busy winter season with buyers trying to make sure they are in the market before the prices firm up again.
Hope you are all well and that your summer was wonderful.
Time to go fishing again - Great house hunting!!
Quintus
Wednesday, August 19, 2009
We have studied the sales on Lake Michigan so far this year and the indication is that prices are holding well.
Some sales have been made under pressure, it is true but generally sales prices are in line with the past 2 or 3 years.
Second homes are not selling well although people still have money - they are nervous about making a committment. Buyers and sellers are coming closer together in their understanding of values which is good.
There are wonderful opportunities out there right now; great selection and choice of location. in the 15 years I have been selling in the Pentwater area I have never seen so much choice and value for money.
So - if you are in the market for a second vacation home now is the time to start seriously looking.
We are still seeing the occassional foreclosure but these tend to be in the rural areas where the homes are residential rather than vacation homes.
Call for our latest brochure or check our web site at www.mwsrealty.com
Some sales have been made under pressure, it is true but generally sales prices are in line with the past 2 or 3 years.
Second homes are not selling well although people still have money - they are nervous about making a committment. Buyers and sellers are coming closer together in their understanding of values which is good.
There are wonderful opportunities out there right now; great selection and choice of location. in the 15 years I have been selling in the Pentwater area I have never seen so much choice and value for money.
So - if you are in the market for a second vacation home now is the time to start seriously looking.
We are still seeing the occassional foreclosure but these tend to be in the rural areas where the homes are residential rather than vacation homes.
Call for our latest brochure or check our web site at www.mwsrealty.com
Subscribe to:
Posts (Atom)
