Silver Lining in Dark Cloud of Real Estate: Rob Thomson
Posted by Linda Rawls — April 9, 2007
How about some good news?It’s not true that reporting upbeat stories on the real estate beat is, for me, akin to Maynard G. Krebs’ trying to say the word “w-w-w-w-work.” However, since some readers continue to blame the messenger (me) for the message (home sales and prices are slowing; inventory is growing), it’s time to empty our inbox of all of the pleasant news in residential real estate.Rob Thomson of Waterfront Properties & Club Communities says sales in Jupiter’s Admirals Cove for the first quarter of 2007 were nearly equal to the number of sales in all of 2006.“Last year there were 38 sales in Admirals Cove,” said Thomson, whose home and office are both situated in the boating and golfing community.“This year there are already 11 closed sales and 18 under contract,” he said. “Last week we placed three more properties in the computer in the ‘pending’ status.”Doing the math for us, Thomson happily notes that that brings the total for the first quarter of this year to 32 pending and closed sales.Thomson isn't talking about low-ball desperation sales, either. One of the Admirals Cove closings set a million-dollar record for a golf-course home, he said.“It's not a buyer's market and it’s not a seller's market,” he concluded. “It's just a market.”And that's good news.For the entire article in the Palm Beach Post, click here.