View from the trenches....the market has picked up enormously in terms of units sold. We are still burdened with short sale properties. But more are making it to foreclosure and offered at great prices. These are being snapped up FAST because they are such great values. For example, last week we closed on a 3/2/2 in a nice area of Port Charlotte. This has a pool and spa and sold for $68,000.
As these great deals get sold the supply/demand balance is shifting away from the "buyers' market" to more of a balanced market. We are already beginning to see prices increase a bit.
Stay tuned!
Wednesday, August 26, 2009
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