Trulia Voices—32754

Top Voices      Member Search BETA      Create a profile

Ask a question

Browse

Search

e.g.: "San Francisco, CA"
e.g.: "Parks" or "Schools"

Email me when:

RSS
 
Share this: 
  • del.icio.us
  • Digg
  • Reddit
  • StumbleUpon
  • NewsVine
 

have values declined in this area since 2006

Mon Oct 15 2007, 14:06 - 32754 - Market Conditions - 4 answers
 
Useful
(2)
 
 
Not useful
(0)
 
  report get email alerts email a friend
 
Carol Mosh...
Real Estate Pro
in Mims
Carol Mosh..., Real Estate Pro in Mims in Mims
Answers (4)
Show me:  Recent Answers     Oldest Answers     Highest Rated  
 
Jan Wood was FIRST TO ANSWER
House values have declined in the Mims area since 2006. There are now single family residences that can be purchased for under $100,000. Depending on the location of the property in Mims will determine how much the property has decreased in values. The sales have been slow in Mims but they are begging to pick back up! We are seeing that prices are beggining to level and the phones calls/emails are starting to come back.

Thu May 8 2008, 08:42
Web Reference: http://www.c21flag.com
 
Useful
(0)
 
 
Not useful
(0)
 
 
report
 
Dear Carol: Yes, unfortunately, many real property values have gone down over the past two years in Brevard County, Florida, especially in niche markets like exclusive, high-end oceanfront condos. We have seen a huge surge in foreclosed properties and short sales. Now, more than ever, is the time to buy! I am a real estate investor in addition to being a real estate broker and have already purchased one amazing property at a great value recently and am scouring the market every day looking for more extraordinary deals. If you would like specific depreciation information, please feel free to contact us.

Best,
Mark Palace, CEO/Founder
Palace Properties International, Inc.
www.PalacePropertiesOnline.com
321.773.5611
321.704.9305

Sat Oct 27 2007, 16:57
Web Reference: http://www.PalacePropertiesOnline.com
 
Useful
(1)
 
 
Not useful
(1)
 
 
report
 
House values have not declined in Florida. Much of what you are reading or seeing in the media has to do with people who purchased houses using subprime mtgs at the height of the market, and then expect to resell within a couple years.

The other issue is that the sellers market that drove high appreciation rates right after the hurricanes, due to low supply and high demand, are gone.

I think the market is correcting itself after the boom days. It is not declining, it is going back to normal. some agents who are fairly new to the industry aren't familiar with this and think it is declining.

Mon Oct 15 2007, 15:39
 
Useful
(1)
 
 
Not useful
(2)
 
 
report
 
FIRST ANSWER
Is this Mims, Florida? Maybe one of our esteemed Florida realtors can help with this question.

Mon Oct 15 2007, 14:38
Web Reference: http://www.CallYourTnRealtors.com
 
Useful
(0)
 
 
Not useful
(0)
 
 
report
 
[+] Save this question Send this question to a friend
Permalink: http://www.trulia.com/voices/Market_Conditions/have_values_declined_in_this_area_since_-11210--recent

Check out more Market Conditions questions in 32754...

Chad Conner, Real Estate Pro in Titusville
I am looking for a rental in no.mims may-be a rent to own,owner financing something like that, I have horses
Answered Fri Apr 4 2008, 10:36 by Chad Conner in 32754
Read the answer
View more Market Conditions questions and answers in 32754 >>