Some points to ponder regarding the economy:
- The market is up 75% on average one year since the stock market lows of March, 2009. The DOW is poised to break 11,000 for the first time since the end of September, 2008.
- Personal spending is up for the 5th straight month.
- Manufacturing is growing faster than expected.
- Home values are increasing.
- Consumer confidence increased in March.
- Foreign markets are on the rise too, especially in Europe and China.
This is all good news. Does this mean that demand for land is on the rise? From our experience, phone calls are up over 100% in March when compared to February and January of this year.
Couple this with some of the most unbelievably favorable weather in central Maine this year. We escaped the big snowstorms that socked southern New England and the mid Atlantic. Temperatures have been mild since early February. Most lakes shed their ice last week, a phenomenon that rarely occurs before April 1st. Even though we did get some heavy rain in the past two weeks, it was far less than southern Maine and points further south.
The bottom line is our snow is gone, grass is starting to green and we have incredibly warm temperatures. We have not seen this kind of weather pattern for 30+ years.
This is the perfect time to look at land. Prices are low and interest is increasing. If you have been sitting on the sidelines waiting for improvement, now is a good time to look around.
Brokers at Wilderness Realty are available weekdays and weekends to show property. Give us a call and make an appointment, 207-947-7957.