Florida Housing market heating up....

[Cash Bar]

Greg,

Anything selling in Harbor Beach area in the 5-10mm range?

Have not looked in that range in March. But my GUESS would be YES.

As an example, 57 properties sold in Royal Palm Yacht & Country Club in 2008. There were only 54 in 2007. Average selling price was UP about $50k. It would have been MUCH more difference except for the $19M house that sold in 2007.

Some areas just don't feel it quite as bad as the general market.

 

[JupiterSunsation]

Have not looked in that range in March. But my GUESS would be YES.

As an example, 57 properties sold in Royal Palm Yacht & Country Club in 2008. There were only 54 in 2007. Average selling price was UP about $50k. It would have been MUCH more difference except for the $19M house that sold in 2007.

Some areas just don't feel it quite as bad as the general market.

One house sold for 12 on paper and a few million for the furniture. David Roberts (the realtor that specializes in RPYCC) set the record for the neighborhood last year at 10.5mm for a single lot home (the 12mm house was on 2 lots) after selling his prior home for 7mm. All in 08.

I know someone choking on a home in HB, 5mm mortgage and tax bill of 200K due this month........He had dreams of getting 10mm for the house but I think he would be lucky to get the loan payoff now.........

 

[BlackJack58]

Hey Cash - have you ever used Twitter at all?

I am just seeing a boatload of Realtors on there - a lot of them use it to exchange useful info and links, post photos or videos of properties...it's kind of interesting how people are using it. I follow/am followed by a few who are into boating, or work in areas where boating is big. If you ever want to see what I mean - here are a few examples:

http://twitter.com/hawaiirealty
http://twitter.com/rmasse10
http://twitter.com/beachrealestate
http://twitter.com/KathyStilwell
http://twitter.com/rocknrealestate

Maybe you're already doing it, maybe it might be helpful - just thought I'd mention it. Good Luck, man.

My own Twitter: http://twitter.com/bigbadboat

 

[VtSteve]

Fantastic timing there. Glad to hear things are perking up, lots of tremendous properties available down there at great prices.

 

[Cash Bar]

One house sold for 12 on paper and a few million for the furniture. David Roberts (the realtor that specializes in RPYCC) set the record for the neighborhood last year at 10.5mm for a single lot home (the 12mm house was on 2 lots) after selling his prior home for 7mm. All in 08.

I know someone choking on a home in HB, 5mm mortgage and tax bill of 200K due this month........He had dreams of getting 10mm for the house but I think he would be lucky to get the loan payoff now.........

Correct. David is the MAN in RPYCC. I am working with his office now on a GC view home in the north end.

HIS highest was a $10.6 in '08. I just realized the 30k sq ft home is ACROSS the canal in Deerfield. :sifone:

Harbor Beach is tough without a PRIME lot. Even at my paltry asking of $1.5 in HB Inlet. I had to hang up on a sign caller over the weekend trying to tell me he would pay $800k in September for it. :rofl:

$200k tax bills are the reason I will NEVER own ICW property in Florida. :ack2:

Even on the cold-day-in-hell chance that I can afford it.

 

[Cash Bar]

Hey Cash - have you ever used Twitter at all?

I am just seeing a boatload of Realtors on there - a lot of them use it to exchange useful info and links, post photos or videos of properties...it's kind of interesting how people are using it. I follow/am followed by a few who are into boating, or work in areas where boating is big. If you ever want to see what I mean - here are a few examples:

http://twitter.com/hawaiirealty
http://twitter.com/rmasse10
http://twitter.com/beachrealestate
http://twitter.com/KathyStilwell
http://twitter.com/rocknrealestate

Maybe you're already doing it, maybe it might be helpful - just thought I'd mention it. Good Luck, man.


My own Twitter: http://twitter.com/bigbadboat

I was asked to join twitter by a member here a few weeks ago. All I could think was how many of the f'n social sites am I gonna need to join. :ack2:

I will check into it more on a biz level now tho. Thanks

 

[Cash Bar]

Great article on the spike in sales in South Florida.

http://www.sun-sentinel.com/business/sfl-home-sales-florida-february-032309,0,6936693.story

 

[Biggus]

We're doin' OK up here in Maine. My neighbor just went up another story on his fine pad.:sifone: