There have been many stories in the news regarding real estate sales. A few years ago investing in real estate was the way to go. Now everyone wishes they had invested in the factory that made those magical crystal balls, if only they worked.
Today South West Florida is a focal point for everything that went wrong: Young couples buying over the ability to pay; seniors putting too much of their retirement funds into the new hacienda; and investors on a shoe string budget hoping to do a quick buy and flip. We all know someone who has been touched by the situation.
This writer may be lucky. The foreclosure guys are nowhere near the front door, and fortunately that is also true regarding the local bank. I am in that group that says: "As long as I stay where I am, I am "ok."
We are "ok" because nobody is knocking on our door, and we should be thankful for that. We are "ok" despite watching the equity in our homes evaporate. We are "ok" even if the market cut into those retirement funds we were counting on in these golden years. We are "ok" because, by comparison there are those, who are hurting big time. That's sad, but it's life. Be thankful for what you still have.
Looking around our community one might be interested in knowing that in the year 2008 forty of our neighbors sold their homes and moved on. This number comes from a MLS report and is believed to be accurate. Most of these sales were private party sales. In the first quarter of 2009 there were five sales: Two Carlyle, Two Capri, and One Caymen. At that rate there will be twenty sales for the year.
What does this all mean? Who knows, but this guy isn't going anywhere. He's content to think: "As long as I stay where I am, I am "ok."
Down the road we will try to do a summary of active sales within the community just for informational purposes.
2 comments:
Did you know locally there are 5 MLS services, not all are cross referenced. Lely has broken ground on 2 new communities, do you think maybe they know something we dont. The Collier County will bounce back way before surrounding areas. Our vacation income is down 10%, but most of Florida has suffered a 30-50% loss of that income. We are fortunate to reside in this county.
I couldn't agree with you more. Collier is a great county. Lets hope it leads the nation in economic rebounding, particularly the real estate market. Thanks for your comments.
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