big ben
SW Florida
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Joined: 04/30/2002
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With in the city of Cape Coral Fl. there are Hundreds of empty homes. Many can be bought for for a 1/3 of what they sold for just 3 years ago.
Ben & Jean
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Modracer
central cal
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Joined: 09/20/2005
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Here in central Cal there are 3900 homes listed on the MLS (according to the Modesto Bee this morning) in our three county area. Prices are down between 25 and 40 Percent.
The paper this morning said some of the lower priced stuff is starting to move.
Looks like we will be here awhile. Still going to Tenn. to look around this summer.
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HDrider44
Merlin, Oregon,USA
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Joined: 11/14/2004
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When the slump hit rock bottom sales # per unit wise we had single digit home sales in this county. Last month we had 75 sold.
I'm in the building supply business and we do have new homes being supplied but they are all pre sold units. Only one builder I know of doing any spec homes. He did get rid of one last week.
Of course I'm one of the dumb ones... I have a new home and shop being built right now. We sold our home Nov of last year. Should have just drove away then. I'm a gluttin for punishment.
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CrusinSusan
Wherever I am at the moment
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Joined: 10/23/2005
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I have to say that I think it's about the bottom now. I work in a real estate office (administrative side...not as an agent) and while prices here are about 15% off from what they should (could?) be, in the last month things have really picked up in our office anyway. So much so that a house here just sold after a *gasp* bidding war for $20K over asking!
I haven't seen that in 2 years. Now I'm in a different market than many here....a 2nd home market really, so I don't know quite how that applies, if it applies, elsewhere in the Nation. If I wasn't going fulltiming, I would buy in FLA for sure.
PS: I'm no expert by any means....I just an arm-chair real estate hound for about 15 years now (ie: I look at real estate all over the country, but I don't sell or buy, save for the 2 homes I've owned for myself). Just some thoughts.
* This post was
edited 04/21/08 09:12pm by CrusinSusan *
Why Full-Timing? Because at my age, I have maybe 40 more chances to see flowers bloom.
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daytona7
Florida
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Talking to friends in Cape Coral over the weekend and they said that homes are selling better than condos. Only problem is that the buyers are mostly from England and Germany. They can get 2 homes for the price of 1. Also quite a few are going out to Miami and buying big dollar Yacht's for half our price and shipping them back home. Just about every one of them is paying in cash.
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CrusinSusan
Wherever I am at the moment
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Joined: 10/23/2005
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Today, a home here got an offer of full asking price. I also haven't seen that in 1.5 years. I do think something is up.
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wxman1
N. Highlands, Ca
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Joined: 10/05/2003
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CrusinSusan wrote:Today, a home here got an offer of full asking price. I also haven't seen that in 1.5 years. I do think something is up.
Where is here????
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CrusinSusan
Wherever I am at the moment
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I suppose that wasn't fair of me....and more so because I don't want to post on the internet where I am....so let's just say the North East.
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HDrider44
Merlin, Oregon,USA
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CrusinSusan wrote:I suppose that wasn't fair of me....and more so because I don't want to post on the internet where I am....so let's just say the North East.
Ahhhh, that explains the black SUV with very dark tinted windows that went by yesterday with (where is Crusin Susan) pasted on the sides 
Just kiddin !!!
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newk
Gillette, WY
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Joined: 08/18/2007
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I just read in today's paper that local housing prices this year are down about 5%, probably due to competition as builders are moving here for work, but the story also mentioned how the cost of building supplies has escalated so much the last few years. Lumber has remained fairly steady, due to less demand nationwide, but steel, copper, concrete and other materials are much higher, caused by the high demand in China. This leads me to believe that when the slump ends, prices nationwide are likely to do some rapid catching up.
Of course it depends on the locality. Some places have overbuilt so much that it might be a few years before prices rebound, but generally I'd guess we're not too far off from an upturn -- just a feeling.
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