tag:blogger.com,1999:blog-2740556909864494483.post1683095676082769249..comments2024-03-22T16:30:48.999-05:00Comments on Key West Properties: April 2010 Real Estate Sales in Key WestGary Thomashttp://www.blogger.com/profile/03006513292595034076noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2740556909864494483.post-46779976984131593412010-05-12T16:06:36.238-05:002010-05-12T16:06:36.238-05:00This is a new anon.
It's great there have be...This is a new anon. <br /><br />It's great there have been some sales. Some of the government incentives have probably helped, but those programs are coming to and end and mortage interest rates are creeping up. <br /><br />To keep sales going, homeowners who want/need to sell are going to need to lower their prices. It's been a tough couple of years, but we're still recovering from many years of an artificial run-up of prices, even in Key West. <br /><br />Unfortunately, that means lower per-sale profits for Realtors and more losses by homeowners, but at least lowering prices will keep the market moving with more sales and enable new buyers to get in at a fair price.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2740556909864494483.post-83440450654755493022010-05-03T13:51:43.363-05:002010-05-03T13:51:43.363-05:00Dear Anon, Nobody is gloating or boasting.
The ...Dear Anon, Nobody is gloating or boasting. <br /><br />The fact that market prices on a per sq ft basis are up over last year ought to make many sellers happy. Not all sellers are taking a "beating" either. <br /><br />The contracts that were written in April will begin to bear fruit within a matter of weeks. <br /><br />GaryGary Thomashttps://www.blogger.com/profile/03006513292595034076noreply@blogger.comtag:blogger.com,1999:blog-2740556909864494483.post-57527589991976194702010-05-03T13:14:40.869-05:002010-05-03T13:14:40.869-05:00So what you are saying is that it may be a great t...So what you are saying is that it may be a great time to buy but as a seller you will take a beating. Between the short sales and foreclosures and the last of the housing tax credit I don't see a whole lot of people making money in this real estate market who are trying to sell. And yes, there are many Realtors winning but at what price??? And at what misery? As a buyer's agent you are there to represent the buyer but as a Realtor representing the seller I find that to gloat amongst the hundreds of displaced sellers very distressing. We are far from an upswing in this market - wait till we get through summer to boast.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2740556909864494483.post-6280616322690799302010-05-02T02:53:05.622-05:002010-05-02T02:53:05.622-05:00Realtors are like stock brokers, they make money w...Realtors are like stock brokers, they make money when what they sell is sold. The "good" thing for us Realtors is that the market is on the uptake and what we sell is beginning to sell again in greater numbers and at higher prices.<br /><br />If you hit the CLICK HERE list you saw that many of the houses I wrote about over the past months have finally sold. And some sold for incredible prices. Lower for sellers, yes. They took a beating. But great for buyers who took advantage of the buying opportunity.<br /><br />There are winners and losers in every market turn around. I'm a Buyer's agent and my job is to help my Buyers get the best deal possible. There are still some pretty good deals out there.<br /><br />GaryGary Thomashttps://www.blogger.com/profile/03006513292595034076noreply@blogger.comtag:blogger.com,1999:blog-2740556909864494483.post-83375638313179336672010-05-01T22:51:15.874-05:002010-05-01T22:51:15.874-05:00It's good news for Realtors that sales activit...It's good news for Realtors that sales activity is picking up, but even more interesting to me is that almost every homeowner who sold homes in April LOST a significant amount of money. There were a few who broke even--the Hibiscus Lane owners did okay-- and a couple made money after owning the home for a generation, but most people sold for much, much less than they paid. Some lost $600,000 or more. That's a lot of lost wealth.Anonymousnoreply@blogger.com