This is an excerpt quoted from the March 9, 2010 edition of a Barron's article by Steven M. Sears: "At long last, the market for luxury real estate is coming back to life.
In Greenwich, Conn., realty brokers say, the final months of 2009 were almost record-setters for sales volume, as two years of pent-up demand was unleashed. Even the megadeal is back. In Beverly Hills, film producer Jeffrey Katzenberg just plunked down $35 million for an 8,700-square-foot home on six acres.
There's nothing like a stabilized economy and a huge rebound in stocks to send folks looking for the perfect manse. The return of hefty Wall Street bonuses hasn't hurt, either.
Prices are way down-40% off the peak in some locations. Seemingly at or near bottom, they are starting to attract the first wave of bargain hunters-and not just families in need of R&R. Hard-nosed investors also are on the prowl, says Jan Reuter, head of residential real estate at U.S. Trust Bank of America Private Wealth Management: "We've seen an uptick in buying in just the last couple of months... ".
The Ford Plantation is no exception and we are experiencing an increase in the number of people visiting the plantation and wanting to share this incredible coastal lifestyle, which is limited to only 400 families. There have already been several closings in January and February and all indications are that we are going to experience strong spring sales. Many of our peers have already reported record breaking January and February closings!
The time is right. Prices are low, jumbo loans are available again and interest rates are at record low levels ... how much longer will this be true? Don't miss this opportunity, visit our website now or call for an opportunity to visit and stay at The Main House!
Realtors, broker referrals and buyers agents are welcome!
122 Lost Cypress Way - Walk to the clubhouse, golf, pool or fitness center - unbeatable location and unbeatable value! Only $595,000
446 Ogeechee Drive - Waterfront on the Ogeechee River. Only $875,000
70 Little Lulu Lane - The Family Compound - Southern Style. $3,100,000
652 Silk Hope Drive - Marina living at its best. $2,795,000
221 Hidden Cove Drive - Lowcountry Southern Plantation Estate. $2,799,000
680 Myrtle Grove Lane - Home on Lake Dye. $2,450,000
1165 Dublin Drive - Empty-nester's Equestrian Delight. $2,195,000
261 Spanish Moss Lane - Custom Louisiana Country Home. $1,975,000
400 Ford Way - Tom Sawyer Pond Estate. $1,850,000
543 McAllister Landing - The Charleston Battery. $1,625,000
469 Dublin Drive - Immaculate Restored Tobacco Barn Home. $1,295,000
601 Myrtle Grove Lane - The Lake Dye Carriage House. $1,250,000
49 Eagles Cove - Perfect! Second Home / Weekend Getaway. $850,000
46 Cherry Laurel Way - Delightful Cherry Hill Cottage. $695,000
Visit our website for more information www.OgeecheeGroup.com
The Arlow Real Estate Group
912 790 6005
www.SavannahHomesNow.com
www.RichmondHillHomesNow.com
www.PoolerHomesNow.com
www.MarkArlow.com
Keller Williams Coastal Area Partners
329 Commercial Drive, Suite 100
Savannah, GA 31406
