March 3, 2007

COUNTRYTYME CHANGES ITS SPOTS

For over 23 years the Grove City office has been successful in developing rural property into five acre lots for residences of middle class central Ohioans.

But, now the market has changed. For many reasons, some unknown middle class central Ohioans have made a U turn in their plans, if not dreams. Many of our regular class of customers prefer to live closer rather than further from their employment, schools, shopping, and other amenities. This is particularly true of baby boomers. The price of gasoline is one factor. Another is that people find time and family more important since 9/11, and long commutes are not so popular as they were.

And, on the supply side, the price of land has continued to increase as the wealthier folks in our area continue to invest in farms, timberland, and large estates. The price of corn, beans and wheat is running up the price of tillable productive farm land.

So, at least in the Grove City office, Countrytyme has decided to specialize in the resale of recreational property in Ohio and adjoining states. Right now this is mostly woods for hunters to buy for hunting, hiking, camping, fishing, etc. This is a strong market and it includes demand from baby boomers.

In addition the office plans to offer small farm properties of at least 11 acres for families that wish to take advantage of opportunities in farm production on a small scale.

The Grove City office also is offering a brokerage service that specializes in lots and land for those who desire a specialized service. This service is available to lenders who have “Real Estate Owned” that fits the rural marketing expertise available at Countrytyme at 614-209-6446.