As the Thanksgiving and Christmas holiday season and even into the first few months of the new year, conventional wisdom and opinion is that the real estate market slows down to a crawl and that this is not a good time to buy or a sell. In all my years of real estate experience both traditional and auction method, I have witnessed this slowdown first-hand from mid-November until mid to late February (or longer). Let’s take a closer look at this phenomenon and why you should or shouldn’t make a real estate move during this time.
T. Kyle Swicegood, CCIM, with The Swicegood Group, today Inc. announced the transfer of 200 acres located on Hwy 158 behind the new County Office Building. Wells Fargo, Trustee chose Swicegood to represent the bank and beneficiaries. Swicegood said “it’s exciting to be a part of a real estate transfer that is on one of the most significant assets not only in Davie County but central North Carolina.” Located along Highway 158 and known by many as the “Hanes property”, it contains approximately 200 acres and covers approximately 4500 feet of highway frontage and approximately 1200 feet of I-40 frontage. He continued, “This property has been on the growth map for 30 years, in fact, Davie County’s Comprehensive Growth Plan adopted in December of 2019 identified this property as future industrial. This purchase is probably one of the biggest commercial/industrial announcements in years. The sum of this transaction will mean jobs to our county.” Swicegood said
It was the year that I was born in 1967, that my father earned his North Carolina real estate license. I remember getting of the bus on Salisbury Street in Mocksville at Swicegood Real Estate. Mom was the “secretary” aka office manager, and I remember Dad having this huge desk with a leather chair. In my mind, I thought “I want to have one of these someday”.