Here in Florida there are a number of indicators. A significant number of communities are showing recovery, meaning the sell prices are inching upwards. These communities have the same attributes most high value communities have always had, pride of ownership, investment in the homes in the community and NO BODY PARKING CARS IN THE FRONT YARD. These communities are mature and homeowners did not purchase within the same 5 year period. At this time, these communities are seeing a price increases of up to 10%.
Be aware there are loads of communities built from 1995 to current where owners moved in at nearly the same time, using very similar mortage programs. These like kind communites represent the best buyer opportunity. These communities likely have not experienced bottom at this time.
My experience is bottom HAS been detected in most segments except the $600,000 plus market. This is confirmed in multiple offers for distressed and non-distressed properties with active bidding AND offers at near listed price.
Without working with an expereinced agent with access to relevant data, you can not determine with way the arrow is pointing in a community until it is yesterdays news.
The LPA embraces these elements to exhibit trends, values, wishful thinking, buyer profile, and all the stuff you need to know to make an informed decision.
Don't get caught saying " I shoulda" and get in the game.
Buying or Selling in Tampa bay?
ReMax ACR Elite Group, Inc
727. 420. 4042