"Picking up"

[Cork On the Ocean]

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

 

[Unplugged]

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:

 

[InletBchDweller]

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]

 

[InletBchDweller]

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 ;-)

 

[redfisher]

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

 

[surfer]

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.

 

[Sandcastle]

Sorry Sandcastle, that was my client that dropped the price on the pool lot next to yours. You must own P8....

Yep! ;-) I?ll be at the beach in few days and I?ll take the sign down while I?m there. I?d like to own the last pool lot available when the market turns up, but that?s wishful thinking.

I hope you can sell P9. It?s a beautiful lot.

 

[SHELLY]

Yep! ;-) I?ll be at the beach in few days and I?ll take the sign down while I?m there. I?d like to own the last pool lot available when the market turns up, but that?s wishful thinking.

I hope you can sell P9. It?s a beautiful lot.

A $139,000 price drop in a week--impressive!

And remember the "P" is silent as in "Swimming Pool"

 

[Sandcastle]

A $139,000 price drop in a week--impressive!

And remember the "P" is silent as in "Swimming Pool"

And, some sellers are "under water". :

 

[InletBchDweller]

YOur lot is great as well. No buildings to block....

are you going to be at Seacrest Sunday July 23??? Concert at the pool....7-10 p.m.

Sorry Sandcastle, that was my client that dropped the price on the pool lot next to yours. You must own P8....

Yep! ;-) I?ll be at the beach in few days and I?ll take the sign down while I?m there. I?d like to own the last pool lot available when the market turns up, but that?s wishful thinking.

I hope you can sell P9. It?s a beautiful lot.