There was a recent story in the print media suggesting real estate sales are up. In fact there was a headline stating the recent trend in sales was "positive." That sounded like good news. At least it was enough to put my glasses on and read the whole thing. I needed to hear some good news.
The story clearly pointed out that sales price were up in Collier County 113% for the first quarter of this year. This was based on sales of 964 homes that sold for less than $300,000. The number of homes sold alone is impressive. It inspired the writer to read the rest of the good news. None was to be found.
Data supplied by Sunshine MLS reported that there were 169 sales of homes between $300,000 and $500,000. The sale prices in this range were down from a year ago by 27%.
The "down" figure was worse when looking at homes sold for over $500,000. There were only 111 such sales. They were down from the previous year by 32%.
Nobody really knows what "tomorrow" is going to be like, but judging from these numbers the "turn around" that we all want is going to be from the bottom up. At least there just might be something brewing "down below."
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