Tuesday, May 26, 2009

The heat is on

Sarasota and Manatee counties were a couple of the first places in Florida to take a hit in the recession.

Prices dropped fast and continue to drop in the over 200k single family home market.

But things change quickly in this market.

For months now good location, good condition single family homes under 200k have been flying off the shelves.

With foreclosures it has not been unusual for multiple offers the day the home hits the market in that range.

Now take that one step further. We are finding the same situation with shorts sales.

The sales that often take months to close we are getting multiple offers on within days of them being listed.

As the foreclosure market dries up in the under 200k range the interest has shifted to whatever buyer's can find.

All the best
Greg Owens PA
Keller Williams Realty of Greater Manatee
941.932.6343
greg@teamworksfla.com

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