South Florida’s Condo Crisis and what’s ahead

Foreclosures , Homes for Sale , Housing Market , Real Estate , REO and Short Sales 1 Comment

Personal comments regarding the recent article written in the Sun Sentinel newspaper on April 17, 2010 that you can read below.
The Sun Sentinel article discusses trends that will benefit both buyers and sellers. For buyers, prices are obviously once again very affordable. We have had price adjustments reflecting market conditions as much as 50%. Of course this depends on the specific area, price range and age of the condo. Sellers will also find our inventories have been reduced significantly, which is helping stabilize prices and in fact in some areas prices are starting to rise. Eileen and I would like to encourage your comments and feedback. If you have any questions you would like to discuss in greater detail give us a call 954-561-4100. To view hundreds of distressed properties for sale- Click Here

South Florida’s condo crisis: How the market went from boom to bust — and what’s ahead
Prices at seven-year lows, sales off 40 percent. The brightest view of today’s market is sales are starting to pick up. In 2009, condo sales rose 27 percent, barely surpassing levels in 2000. Pending sales this spring are about even with the pace of two years ago.
@ Ft. Lauderdale Sun Sentinel | Posted: 04/19/10 at 0223 EDST

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