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Local real estate market begins recovery - article
- Thread starter Kurt
- Start date
30ashopper
SoWal Insider
Yes those number are correct for non-inflation adjusted values.
Inflation adjusted the average price of a home sold in Walton fell 32%. That number has since rebounded by about 7% and is starting to fall off again.
Average sale price can fluctuate based on all sort of factors so it's a rough estimate. Individual properties can vary widly from this. But it does give a fairly good indication of the overall trend.
SHELLY
SoWal Insider
I think Danny deserves some sort of medal for being the one to draw Shelly out of lurking.
The world is a better place now that we have Shelly responding to one more hyped up message to calm the masses before they all run off a cliff.
Gawd I miss hearing from Shelly!
Actually, it was my wanting to acknowledge Bobby J's "Manifest Destiny" that drew me out....it was "Grasshopper's" (aka Danny) parroting of NAR's threadbare platitude that sparked an impetuous reply on my part.
(Note to Realtors Far and Wide: The NAR doesn't decree when it's a buyer's market--the buyers determine when it's a buyer's market.)
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Shelly theres something that might suprsise you a bit. I was looking to buy a home in watercolor almost 2 years ago on western drive. it was listed at $675k for around 2100 square feet.even thought i bought elsewere i've followed all the comps closely. my curiosity got the best of me a few weeks ago when i started thinking i've seen almost no homes in watercolor for sale in those 2 years under 700k. 2 years ago i was certain that the square footage on home sales would drop to $200 or less in watercolor. i had my friend bring up the per square foot that the avg home has sold for in watercolor and rosemary and i was amazed that from 2008-2010 its not really dropped a ton and never got down to levels i thought it would. i believe its still over $300 a square foot in watercolor. were i ended up buying a short sale to this date 20 months later nobody has bought under what i paid. so some areas have held there values to a certain degree which suprsied me.
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Bobby J
Beach Fanatic
I would love to fly back in town to meet you. I promise I would never disclose.... ;-) Just send me a pm.
tistheseason
Beach Fanatic
Wait a sec. . .when did Shelly come out of retirement??
SHELLY
SoWal Insider
...and nothing much has changed--but just in time to see JOE take a drubbing on today's "Fast Money (CNBC)" about this:
Value Investing Congress: Einhorn Skewers JOE; Florida Real Estate Boondoggle - Stocks To Watch Today - Barrons.com
David Einhorn's presentation on JOE was appropriately called "Field of Schemes: If You Build It, They Won't Come."
Still betting that CROX will eclipse JOE before long.
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