A couple more sales...

There have been a couple more sales at the resort in the past few weeks - one cottage lot that has a great view of the lake, and one RV lot. The RV lot had been on the market for a couple of years, so I am sure that the sellers were happy to see it finally move. And the buyers are happy that they were patient and they got a good deal. We have also lost a couple of listings at Lake McGregor Country Estates. One cottage lot and two RV lots with units. I do not blame the sellers for taking them off the market. I know at least one is now trying to sell on their own, and I am sure the other will be getting another real estate agent. Once again, I do not blame them. The market has been soft and it is frustrating not having your property sell, especially after being on the market for so long, like over a year or more. Sometimes the real estate is to blame, but sometimes the asking price is just too high, or the market is just not there. I am familiar with that. For the first several years of us marketing Lake McGregor Country Estates, we had very few sales, and high input costs for marketing. Then the market took off and sales were hot. And over the past few years, sales have certainly been fewer than the "hot" years, but still better than the first few years which were very quiet. As my university economics professor told us, the market goes in cycles. And when you hit the market at the wrong time, the cycle sucks!