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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Lizzie Tudor who wrote (8264)1/20/2003 7:59:30 PM
From: cooksbay95Read Replies (3) of 306849
 
Open Houses

I visited 4 open houses in a popular (the realtors like to call it "prestigeous" ) area in Naples, Florida yesterday. The properties were all off-water and priced between $500K and $750K (the waterfront properties within a block or two are priced at $2-3.5 million). I never saw another looker at any of the 4 properties .... probably spent 15 mins at each.
This is getting close to the high-season here AND this price range is supposed to be still selling. It's the higher end ($1.5 million plus) that's supposed to be between slow and dead.
It was only a base of 4 homes in this price range that I looked at but it sure looked absolutely dead to me.

Not a good sign!
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