Stephan, Home Buyer in San Francisco, CA

There is a lot of talk of a softening real estate market. How would you describe the real estate market in Oakland Park?

Asked by Stephan, San Francisco, CA Mon Apr 23, 2007

How long do homes typically sit on the market in this city?

Help the community by answering this question:

Answers

4
As A Realtor & Property owner in Oakland Prk, I have observed pockets of marked upswing in property prices in the S Florida area in general. Some areas seem flat with pockets of up turned. I expect 2% this year as long as the dreaded REO - Foreclosure shadow invantory does not flood the market anytime soon.
0 votes Thank Flag Link Sun Mar 17, 2013
Things are getting better as far as real estate is concerned but the recovery has not been fast nor has it been high. While prices for the state may have risen by 8%, the percentage is not only about half that (if I base it on Miami's recovery), but it has only just started. Even 4% may sound good but you have to put it into perspective with just how low the prices dropped. For example, in 2003 I paid $325k for this house and within a couple of years was over $450k. Shortly thereafter toward the end of 2008 it was valued at $112k and it has fluctuated between $130k and $155k for a couple of years until this past year when I saw an increase but it is still nowhere near my purchase price and my mortgage is still underwater. You know the FILO inventory method...it applies here as far as home prices go...first to get hit and last to recover. :-) I'm keeping my fingers crossed that things will continue to get better.
0 votes Thank Flag Link Mon Aug 27, 2012
Hi Stephan,
That depends on what part of Oakland Park you are referring to. There is east Oakland Park, anything east of Andrews Ave and then west Oakland Park, west of Andrews Ave. Channel 10 News this morning announced that prices in South FLorida have increased by 8% this year. I am finding a lack of inventory so if you are interested in selling a property here I think it would go quickly. Please contact me if I can assist you with any real estate needs.
Linda Walton
Realtor
CDPE
Castelli Fort Lauderdale Real Estate
954-448-1681
0 votes Thank Flag Link Sat Jul 21, 2012
Currently the real estate market in Oakland Park has softened with the rest of the region. Now is a great time to buy as we are still enjoying record low mortgage rates and lower housing prices.
0 votes Thank Flag Link Mon Apr 23, 2007
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer