{"id":15808,"date":"2014-10-15T14:38:09","date_gmt":"2014-10-15T18:38:09","guid":{"rendered":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2014\/10\/area-real-estate-agents-say-now-is-good-time-to-buy-or-sell.html"},"modified":"2014-10-15T14:38:09","modified_gmt":"2014-10-15T18:38:09","slug":"area-real-estate-agents-say-now-is-good-time-to-buy-or-sell","status":"publish","type":"post","link":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2014\/10\/area-real-estate-agents-say-now-is-good-time-to-buy-or-sell\/","title":{"rendered":"Area Real Estate Agents Say Now Is Good Time To Buy Or Sell In Glens Falls Region"},"content":{"rendered":"
\n
\n\"mark\n<\/div>\n
Mark Levack, owner of Levack Real Estate, says interest rates are attractive right now\n<\/div>\n<\/div>\n

BY LIZ WITBECK<\/p>\n

After a few years of a sluggish economy, the
\ncommercial real estate market is making a
\ncomeback. Local real estate experts in the Glens
\nFalls area say now is a great time to buy or sell a
\nproperty in the region.<\/p>\n

Mark Levack, owner of Levack Real Estate
\nin Glens Falls, with experience in commercial
\nsales, said current sectors of the commercial real
\nestate economy are experiencing gains, while
\nother sections are still struggling.<\/p>\n

Bob Sears, an associate broker with Prudential
\nBlake Realty, specializing in commercial
\nrealty, said that the past three to five years in
\nthe area have not been good for the real estate
\nindustry. People were too concerned about the
\neconomy. Yet recently there has been an upswing.
\n“In the past six months, things have started
\nto turn,” said Sears.
\n“In these past six months I am seeing people
\ndoing $350,000 to $750,000 contracts, which I
\nhave not seen in three or four years,” he said.
\nSears sees this as a sign that there are more
\nsmall business owners willing to take the risk
\nand buy and lease properties in Glens Falls. For
\nyears, there were only large business transactions
\nbeing handled.<\/p>\n

Peter Hoffman of Glen Street Associates in
\nGlens Falls, which handles numerous commercial
\nproperties, said the year has been a busy one.
\nHe said he has been in the Glens Falls real estate
\nmarket for 13 years and this is the strongest year
\nhe has experienced.<\/p>\n

Levack has noticed that more people outside
\nthe region are forming an interest in Glens Falls.
\n“There’s a marked increase in the number of out
\nof state investors.”
\nLevack attributes this to the number of notable
\nprojects that are in place in the area, like Just Beverages, a new beverage facility at the
\nformer site of St. Alphonsus Church.<\/p>\n

Low interest rates and climbing stock market
\nprices have helped ease people’s worries and get
\nthem back into the real estate market.
\n“Interest rates are very attractive right now,”
\nsaid Levack.<\/p>\n

The agents said the real estate market will
\ncontinue to make positive gains for both buyers
\nand sellers.
\n“I feel more confident at this stage of the game
\nthan I did three years ago,” said Levack. “We are
\non the right track for a positive economy.”<\/p>\n

Said Hoffman, “There’s a lot of optimism in the
\nmarket and people are feeling really good about
\nthe market right now.”
\nHe said a contributing factor is that real estate
\nprices in Saratoga Springs have risen and
\npeople are looking elsewhere for location and
\ninvestment.<\/p>\n

According to Hoffman, prices in Glens Falls
\nare 50-100 percent less than Saratoga. For both
\nresidential and commercial property, people are
\nfinding more value in Glens Falls.
\n“I can’t recommend any place in the Capital
\nDistrict any higher than Glens Falls,” he said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mark Levack, owner of Levack Real Estate, says interest rates are attractive right nowBY LIZ WITBECK After a few years of a sluggish economy, the commercial real estate market is making a comeback. Local real estate experts in the…<\/p>\n","protected":false},"author":88,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[66,91,122],"yoast_head":"\r\nArea Real Estate Agents Say Now Is Good Time To Buy Or Sell In Glens Falls Region - Glens Falls Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2014\/10\/area-real-estate-agents-say-now-is-good-time-to-buy-or-sell\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Area Real Estate Agents Say Now Is Good Time To Buy Or Sell In Glens Falls Region - Glens Falls Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"Mark Levack, owner of Levack Real Estate, says interest rates are attractive right nowBY LIZ WITBECK After a few years of a sluggish economy, the commercial real estate market is making a comeback. 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