Jamestown real estate market stays healthy
The Jamestown Press, August 7, 2008 by Eileen M. Daly, Jamestown Press Staff Writer
The doom and gloom real estate market portrayed in many recent news stories is not an accurate portrayal of the Jamestown housing market according to local Realtors.
Ask Melanie Delman of Lila Delman Real Estate, for instance, and she'll tell you business is booming. Delman, and her associate Robin Nicholson, were recently the selling agents for the Fowler's Rock property, located 340 East Shore Road, for a record setting $6.9 million. High-end buyers still recognize a good value here in Jamestown, Delman said. "We are fortunate to not see a lot of erosion and waterfront properties with amenities are still selling quite well here," Delman added.
John Hodnett, also with Lila Delman Real Estate, shares his optimistic appraisal of the market, "Realistic sellers with appropriately priced homes will not have any problem selling their properties," he said. Although agents are no longer seeing the kind of buyers who throw caution to the winds and make ill-advised purchases, they are not having any problem making sales, Hodnett said.
Even the rental market, which has recently had some bad press, is not suffering here in Jamestown, according to Hodnett. "People that are spending thousands of dollars on their vacations are not going to cancel because it costs $20 instead of $15 to drive down," he said...
by Eileen M. Daly, Jamestown Press Staff Writer
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