"Picking up"

I certainly hope you're right - our business has increased a bit also, but my gut tells me this is just a temporary spike in activity due to the season and volume of vacationing families in the area. I think business will retreat again this Fall and perhaps come back in earnest next Spring or perhaps Fall of '07 - but only if we have a calm storm season this year...

I think we are back to real Real estate. That past stuff was a fluke. This new stuff is more reality based. The current buyers I have been working with are end users who have been trying to get in this market. The prices are getting back to reality and allowing people to see some value. If you price it right they will come.

Capitalism at its finest..."If you price it right, they will come..."

You betca!!! :clap_1:

Seems like it is getting busy again... We have put together several contracts this week and tons of calls. It looks like this market will be ok. I think there are going to be some areas where folks have purchased too high but if they can be patient and wait it out the market will probably come to them. It is hard to stay down too long when you have such beautiful beaches! People simply want to be here...

Bobby J

Thanks for a bit of hope. You always seem trustworthy. Sure would like to see folks not be stuck with the prices they paid in the last (Now) almost 3 years and
forfeit all their savings. I begged my husband for years to invest in the area. When we did the bottom fell out and I sure feel guilty.

I think we are back to real Real estate. That past stuff was a fluke. This new stuff is more reality based. The current buyers I have been working with are end users who have been trying to get in this market. The prices are getting back to reality and allowing people to see some value. If you price it right they will come.

I sure hope you're right, Bobby J. With so many agents reading this forum, it's very interesting there aren't more posts to this thread...

:scratch:

Thanks for a bit of hope. You always seem trustworthy. Sure would like to see folks not be stuck with the prices they paid in the last (Now) almost 3 years and
forfeit all their savings. I begged my husband for years to invest in the area. When we did the bottom fell out and I sure feel guilty.

Thanks for your nice words. Try not to feel guilty. Alot of bad news went down last year. It seemed for awhile we could not get a break. Heck! I ran off to Costa Rico I got so fed up. My grandma reminded me that markets do this. No one could have known. Alot of doomsayers seem happy about it but in the end Grandma says it is going to ok. One last thing, Grandma has never been wrong!

.. in the end Grandma says it is going to ok. One last thing, Grandma has never been wrong!

Wait till your grandma meets SHELLY...

My grandma would love Shelly!!! ;-)

Bobby J this is the first time I have posted all week. I have been very busy at work as well and feel that things are at least moving again although I do believe that it will die again. I think we are looking at 2 years for "normalcy" (just my 2 cents) It is back to real real estate. I am sure that this will weed out the agents that came in just to make a quick buck and do not know how to sell.....


Lets hope we do not get a large storm.....

Bobby J this is the first time I have posted all week. I have been very busy at work as well and feel that things are at least moving again although I do believe that it will die again. I think we are looking at 2 years for "normalcy" (just my 2 cents) It is back to real real estate. I am sure that this will weed out the agents that came in just to make a quick buck and do not know how to sell.....


Lets hope we do not get a large storm.....

My thoughts also ...

I sure hope you're right, Bobby J. With so many agents reading this forum, it's very interesting there aren't more posts to this thread...

:scratch:

We are busy with customers!! :clap_1:

Close'm Franny...

A miracle happened yesterday. :funn: I?ve had a FSBO sign on my pool-front lot in Seacrest Beach II for eleven months. Yesterday I received my first call from someone other than a Realtor trying to price a competing property. I was shocked.

The sad fact is that I couldn?t come up with an asking price on the spur of the moment. Until last week I knew exactly what my price was, and it was $104,000 less than the lot next to mine. However, last week I noticed that the lot next door had been reduced for the first time in over a year. It is now listed for $35,000 less than mine.

I paid less than half of the amount that my neighbor paid and I suppose I could get into the price war, but the more I think about it that would be ridiculous. :roll: Our area is much too attractive and unique for me to get pulled into that. The next time I?m at the beach I?m going to take my sign down. Until this market settles down and there is some consistency in pricing, I?m going to keep what I have. I?ve been through these cycles in Florida for over 40 years and it?s always paid to wait ? if you can possibly do it. I agree with Bobby?s grandmother. ;-)

I've just signed to buy 3 lots and looking at a few others and have relatives doing the same. We feel we'ree getting some good deals and are not worried if things drop more. We will continue to buy on the way down if it happens and when things starting heading up again. I have looked at a few things I saw on this forum - keep it up.

Right On...

We are busy with customers!! :clap_1:

Great! Well, there's one more...

I would love to hear from more agents re successful closings to help me believe in a recovery, or the beginnings of one.

I have an excellent building lot (which is currently the lowest priced lot in this particular 30A development). Activity seems to have definitely picked up over the last few weeks...and especially the past few days!!
I will be happy to provide more info via PM....Thanks to everyone for sharing as it is very helpful to all of us as buyers and sellers!!

Talked to a realtor today who has several recent contracts, one is a gulf front house in Dune Allen, and close to signing a couple more.

Also agreed that Garner's Lakeplace lot listing is a good buy at $350k. A little shocked actually.

Yup, several contracts over the past 3 weeks. 2 closings so far. Executed a contract for Gulfront seagrove condo for $1.275 today. Asking was $1.65

Talked to a realtor today who has several recent contracts, one is a gulf front house in Dune Allen, and close to signing a couple more.

Also agreed that Garner's Lakeplace lot listing is a good buy at $350k. A little shocked actually.

:clap_1: More activity - I like what I'm hearing...

Yup, several contracts over the past 3 weeks. 2 closings so far. Executed a contract for Gulfront seagrove condo for $1.275 today. Asking was $1.65

:shock: Now that's what I'm 'talkin about - go girl! :clap_1:

Sorry Sandcastle, that was my client that dropped the price on the pool lot next to yours. You must own P8....QUOTE=Sandcastle]A miracle happened yesterday. :funn: I?ve had a FSBO sign on my pool-front lot in Seacrest Beach II for eleven months. Yesterday I received my first call from someone other than a Realtor trying to price a competing property. I was shocked.

The sad fact is that I couldn?t come up with an asking price on the spur of the moment. Until last week I knew exactly what my price was, and it was $104,000 less than the lot next to mine. However, last week I noticed that the lot next door had been reduced for the first time in over a year. It is now listed for $35,000 less than mine.

I paid less than half of the amount that my neighbor paid and I suppose I could get into the price war, but the more I think about it that would be ridiculous. :roll: Our area is much too attractive and unique for me to get pulled into that. The next time I?m at the beach I?m going to take my sign down. Until this market settles down and there is some consistency in pricing, I?m going to keep what I have. I?ve been through these cycles in Florida for over 40 years and it?s always paid to wait ? if you can possibly do it. I agree with Bobby?s grandmother. ;-)[/QUOTE]

I also had a walk in today and was shocked :shock: , they actually wanted to see property and are wanting to buy.....All I want is one paycheck this year.... JK I have had one ;-)

My Goodness, You Mean People Still Want To Buy R/e...I Thought There Was A Meltdown And All Agents Would End Up In The "Service" Industry...Good For All Of You and Keep'em Coming...Red

My Goodness, You Mean People Still Want To Buy R/e...I Thought There Was A Meltdown And All Agents Would End Up In The "Service" Industry...Good For All Of You and Keep'em Coming...Red

I am happy to hear that the realtors on the thread are beginning to see some activity. Most of them work really hard to earn a buck. I do hope that the market has turned and sales will pick up dramatically.

However, the meltdown began over a year ago and I believe it continues today. The fact that some sales are occurring in the busiest season of the year does not mean the meltdown has ended. Prices are still falling and sales continue to be minimal compared to historical norms and especially compared to the frenzy period.

We will know the meltdown has ended when prices stabilize, inventories come down and sales pick up to historical norms for an extended period. I don't think we are seeing the beginning of the end of the problems. Inventories are still overwhelming compared to demand. Asking prices continue to fall and not many folks are biting even when asking prices are well below market highs.

The realtors on this forum can point out plenty of great houses at prices way, way below market highs that have languished on the market for a long time. My realtor continues to bring opportunities to me, but I am not biting yet. I will bite when I think we have hit bottom. I don't want to buy on the way down. I would rather miss the bottom by a tiny bit and buy a little above the trough than make a mistake and buy above the trough.