The February 2010 EcoLogical Realty Newsletter is now available! Please click on the link below to view. This month's articles include different types of home insulation, how to host a "Green" dinner party, and January housing statistics for the Pensacola Association of Realtors.
I welcome all comments and feedback, and would love to hear from you if you have an idea or would like more information on certain subjects in future blogs or newsletters.
February 2010 EcoLogical Realty Newsletter
Showing posts with label real estate market conditions. Show all posts
Showing posts with label real estate market conditions. Show all posts
Thursday, February 11, 2010
Wednesday, July 23, 2008
Take the Plunge!
Everyday, I get asked, “How’s Real Estate?”. Well, I gotta say that I still love my work. Sure, it’s still a difficult market for some Sellers, but my Buyers are having a field day! And, believe it or not, some of my Buyers are still facing some pretty steep competition to purchase homes in the under $125,000 range. Sellers, if you have a 3/2 or larger in a decent neighborhood for under $125,000 give me a call!
So, where are the “deals” right now? Mostly in the Luxury and higher price range homes. Want a beachfront condo? Have I got a bargain or 200 for you! How about a Penthouse Perdido Key Waterfront condo that listed in June of 2006 for $799,900 now on the market for $339,000? (Can you say “Short-sale?”)
One might consider this Portofino condo that sold for $990k in May 2005 a good deal now at $800k (unless you are the lender who currently holds the mortgage-sorry guys, guess you shouldn’t have made that loan!).
Prefer a luxury waterfront home on Pensacola Beach? How about 3900+ sq ft originally listed for $3.25 million, now offered at a “discount” rate of only $1.825 million!
Is every luxury home a bargain right now? Of course not. But overall the prices are getting back into a more reasonable range after a few years of inflation due to investors and speculators. The main reason you will be able to find a more acceptably priced luxury home right now is because of supply. The more luxury homes on the market, the lower the prices and the more bargaining power the Buyers have. If you are leery of buying a short-sale, don’t worry- those are a very small percentage of the luxury homes and condos currently on the market. But, if you are looking to buy a luxury or beachfront home, now is really the time to take the plunge. If you wait for prices to decline further, then the mortgage rates may go higher making any “savings” you might get from that slightly lower price meaningless.
If you’d like more information on local market conditions, please email me at BrokerTrish@gmail.com or call 850-449-0908. You can also visit my website at http://www.shadytreehomes.com/ for free homes searches, foreclosure lists & more!
So, where are the “deals” right now? Mostly in the Luxury and higher price range homes. Want a beachfront condo? Have I got a bargain or 200 for you! How about a Penthouse Perdido Key Waterfront condo that listed in June of 2006 for $799,900 now on the market for $339,000? (Can you say “Short-sale?”)
One might consider this Portofino condo that sold for $990k in May 2005 a good deal now at $800k (unless you are the lender who currently holds the mortgage-sorry guys, guess you shouldn’t have made that loan!).
Prefer a luxury waterfront home on Pensacola Beach? How about 3900+ sq ft originally listed for $3.25 million, now offered at a “discount” rate of only $1.825 million!
Is every luxury home a bargain right now? Of course not. But overall the prices are getting back into a more reasonable range after a few years of inflation due to investors and speculators. The main reason you will be able to find a more acceptably priced luxury home right now is because of supply. The more luxury homes on the market, the lower the prices and the more bargaining power the Buyers have. If you are leery of buying a short-sale, don’t worry- those are a very small percentage of the luxury homes and condos currently on the market. But, if you are looking to buy a luxury or beachfront home, now is really the time to take the plunge. If you wait for prices to decline further, then the mortgage rates may go higher making any “savings” you might get from that slightly lower price meaningless.
If you’d like more information on local market conditions, please email me at BrokerTrish@gmail.com or call 850-449-0908. You can also visit my website at http://www.shadytreehomes.com/ for free homes searches, foreclosure lists & more!
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