The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Tradelite who wrote (925)	10/22/2001 8:02:54 AM
From: tdl4138	Read Replies (2) of 306849

Visited a few "open houses" this weekend in the Stuart, Florida area. That's just north of West Palm Beach for you Yankees... Upper scale homes in secured (gated) communities. The general concensus from the realtors I spoke with was that the market was absolutely dead. We had time to "chat" because my wife and I were the only people out looking... They all stated that the market had spiked and peaked in June and July and that traffic had vanished since then. Since September 11, more and more listings were coming into the market but there was no interest unless it was a distress sale and priced accordingly. Just about all the homes we visited had been "reduced", marginally, but apparently not enough. It appears to us that the average seller is convinced they will get their price...but it may take a little longer. At the same time more and more competition is coming on line almost daily. "For Sale By Owner" signs are springing up like weeds, and one I spoke with explained to me he didn't need a realtor because the market was so good....I thought his asking price was about 30-35,000 overpriced to begin with. Just my observations Tdl4138

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next