Opportunities - More every day !
Posted Jan 25, 2007 @ 12:22 pm, Viewed by 603 Visitors, Read 628 Times.Get ready to fire, but don't shoot till you see the tears in their eyes. I mean, how much evidence do you need that it is a Buyers Market...
In today's News Press from Ft Myers:
Sales of existing homes plummeted 45 percent in December, compared to a year ago, according to figures today from the Florida Associated of Realtors.
The median price also dropped, from $322,300 to $262,500, down 19 percent from a year ago.
Condo sales, however, were up 27 percent from a year ago, from 127 to 167; the median price however was down 16 percent, from $306,500 to $256,300.
Percentage-wise, Lee County saw the biggest decline in the state. Statewide, the numbers of sales dropped 30 percent, while the median price saw a decline of 2 percent from $205,500 to $200,600.
Collier’s numbers were not complete; there was no data from the Naples Area Board of Realtors.
Charlotte County also saw an increase of 19 percent, from 204 to 243, while the median home price dropped 3 percent from $170,700 to $166,200.
Nationally, sales of existing homes fell in December, closing out a year in which demand for homes slumped by the largest amount in 24 years.
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Man i am sorry for you. I just wish that the news media would quit painting that picture as being what is happening nation wide. In the New Jersey area the Real Estate market is not nearly that bad, but many seem to believe that the average home price her has dropped 20% or more, when the reality is that the average home price is actually about 1/2 of 1 percent higher. James Boyer Keller Williams Realty Summit, NJ 07901