A turn around would be nice Cyg, but its not going to happen soon. People who can afford to wait to sell their homes are waiting. The homes on the market now that are selling are short sales, foreclsoures and homes that are competitively priced. There's a lot of inventory to go through. Remember, foreclsoures were halted for a while. There are more coming to market. Sales have been up in Florida for 4 months in a row, which is nice, but by no means an indication things have turned around. It took 15 years for the market to get to this low point again; it'll take a while for it to move in the other direction, but eventually it will and a normal rate of increase then is about 3% a year, based on past appreciation during such times.

Hope that helps. If you need more help, please feel free to call on me anytime.
Diane Vespucci; 904-347-3957; DianeVespucci@aol.com

Are you talking about St. Augustine? St. Johns County? According to the St. Augustine-St. Johns County Board of Realtors, there are 1352 homes for sale in St. Johns County. This doesn't count mobile homes or condos or townhomes. It also counts only the homes listed on their multiple listing service. St. Augustine is also represented on the Northeast Florida Assn. of Realtors multiple listing service so there are a lot more for sale.

Unfortunately, there are so many sellers holding off putting their homes on the market until "things get better" that there will be extra inventory for years to come. Also, we haven't seen but a fraction of the foreclosure market. I do think there is a pent up demand out there for homes, but they have to be in terrific condition and priced very competitively for buyer to notice them. With 14 or more months of houses to choose from, buyers are very picky.

Good luck to you, Cyg. Please feel free to call me if you need additional stats or info.