If Mr. Azoff is still watching the Woodstock, NY market since the initial question, it is noteworthy that recently many properties in this area, in the higher price ranges, have had substantial asking price reductions.
Not only are real estate markets local in their trends, to see what the market is doing, you want a knowledgable Realtor to go over the details of the recent stats in the specific market segment being considered. What's happening in that market? What's the competition? How many homes got sold in the last six months? How many are likely to get sold in the next year? If one is a seller, it's important right now to have a compelling list price. Buyers are skittish in general. They need to see value. If you are also a buyer, there are no doubt some highly motivated sellers on the market, even if they're not priced compellingly yet. You want a strong, highly knowledgable Realtor, who understands the statistics and can help you establish realistic values. Then you might find the deal of the decade in Woodstock. Sometimes a buyers agent needs to present your value proposition to the seller's agent and the seller on your behalf in order for the seller to grasp today's reality. You want a great agent.... more
I love Kermit's answer to this question. "It ain't easy being green!" That's very true, unfortunately. Green technology is too expensive to make it very profitable. Will there be a market? Of course, but I think higher end homes are the most likely candidates. And even among those, you aren't likely to see the investment returned. Yes, there are definitely two types of buyers. Well, maybe even more. But suffice it to say, there are those that give a crap and those who could not care less. Yeah, an educated buyer may get converted. But plainly, people have to care first. We are so programmed to get the "best" deal. It's going to be difficult to educate people out of that.
From an environmental standpoint, I'd encourage it. I'd love to see every new home built with LED lighting wherever possible, automatic ultra low ev blinds, ultra low ev windows, and all sorts of other things to reduce energy usage. And also, older homes remodeled with the same technology. I'm not holding my breath for it though.
I believe part of the problem we face with having cheap green tech is the opposition by large oil and natural gas companies. Anything that would threaten their profitability is likely to have a long road to success. And green technology is a huge threat since they haven't gotten their feet firmly into it yet. So until they figure out a way to get a good foothold in the green market, things probably won't change much at all.
If you're going green in your home building or remodeling, it is something you've got to be prepared to do because it's the good thing to do, not necessarily the profitable thing to do. If enough companies jump on board so we can start seeing cheaper products to help us go there, the profitability will change. But I don't think we'll see lots of houses going that way until it gets much cheaper to build that way.... more