Jo Ann Fahlm…, Home Buyer in Outside U.S.

Have prices dropped again as woulld be assumed by the news coverage?

Asked by Jo Ann Fahlman, Outside U.S. Mon Mar 26, 2012

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8
Gavin MaGrath, Agent, Clearwater, FL
Tue May 22, 2012
No. The media is about 8 months behind the times. Just try and make an offer at prices of just a year ago and you will not get those prices anymore.

There are always exceptions but you have to have a Realtor find them very fast and be prepared to offer the right amount.

Gavin
727-564-2488
0 votes
Pat Fisher, , 34698
Tue Mar 27, 2012
I have seen prices stabilizing and increasing in Pinellas County. The bank foreclosures are having multiple offers and quick closings.
0 votes
Jackie Griff…, Agent, Cape Canaveral, FL
Mon Mar 26, 2012
Not in our area. Days on market are far less than 90 days now and we are experiencing multiple offers more and more as time goes by. Looks like the low interest rates and lack of inventory is finally helping put pressure on prices, we will see as times goes on, but for now, we see a slight positive in the plus direction.
0 votes
Nina Higdon, Agent, Clearwater, FL
Mon Mar 26, 2012
Hi Jo Ann,

In the area that I cover, mid to South Pinellas County, prices have not dropped again. Inventory has reduced, and actually Buyers are having a hard time finding properties that meet their specifications, and they are having to compete with other buyers in most cases.

Real Estate is local, and every area is different. There are still good deals available, and interest rates are still low. It's a great time to buy.

May I assist you with your search?

Nina Higdon
Charles Rutenberg Realty, Inc,
727-465-6996
Web Reference:  http://www.besthouses2go.com
0 votes
Annette Law…, Agent, Palm Harbor, FL
Mon Mar 26, 2012
Jo Ann,
It is always a good practice to remind oneself that real estate is a local affair. Applying national data to a local market will invariably produce the wrong conclusion.

This is a great opportunity for you to take a look at this in great detail.
The 'Market In A Minute' report for Dunedin is now available. The details in this report reveal how the communities in Dunedin FL are responding to the current economic picture.
In graphic form, one can track the result of the banks transgressions and the subsequent crash the followed. What is of greater significance is the ability to see which communities have recovered and appreciating, which are bouncing along the bottom and those communities yet to hit bottom.

If you are a buyer, seller, investor or real estate professional, this is the data needed to know the strategic plan to put in place.

Real estate is local, you need local data.
If Dunedin Fl is of any interest to you, and you will be buying or selling real estate in this area this year, request a copy of the Dunedin "Market In A Minute" by sending an mail request the MIAM Dunedin report to: MarketInAMinute(at)gmail.com

Best of success to you,
Annette Lawrence
Broker/Associate
ReMax Realtec Group
Palm Harbor, FL
727. 420. 4041
0 votes
David Kimpton, Agent, Safety Harbor, FL
Mon Mar 26, 2012
You should know that although the media likes to make Real Estate issues and especially prices a national issue, housing is a local issue not a national one even though sometimes national problems can sometimes affect the overall health of housing.

In Pinellas county where Clearwater is located, the demand is starting to eliminate our oversupply and as such, prices are stablizing and in some areas in Pinellas, prices are starting to increase again.

Like every commodity, supply and demand plays a big part in the housing market. Sales are generally on the rise here and the supply is now getting closer to a 6 month supply from the 18 month supply from 2 years ago. And remember one point, Pinellas is the only official built-out county in Florida. We have basically no more land to build on for big projects.
0 votes
Lisa Reeves, Agent, Tampa, FL
Mon Mar 26, 2012
I am unsure of where the news is getting their data - most areas of Pinellas and Hillsborough County are showing either a stabilization of prices or a small increase in more popular areas. Just take a look at what is available in the under 100K range and you will see fewer homes than were there this same time last year - probably by 1/2.
0 votes
Teresa Pileg…, Agent, Clermont, FL
Mon Mar 26, 2012
only in some rural areas and vacant land, some areas in Lake county have increased 2%
0 votes
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