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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (283436)	10/14/2010 1:48:40 PM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

Easiest thing to do for an outsider is look at comps from the late 1990's on the block or in the community to get a general idea as to whether prices are reasonable now. Most condos and townhouses are way below even those price points.. Single family in higher end great school districts or by Atlantic or Gulf are generally at around late 2002 or even 2003 prices (which frustrates Jim Mac to no end<g>) The crash in price story here was mostly a 2007-08 event with just a few exceptions.. Moratorium most likely spreads distressed inventory further out over time..kicking the can further down the road..also remember winter season here brings in much more demand especially Jan to March.