Single family waterfront homes have strongly bucked the downward trend. Sales prices average +32% more than non- waterfront with many more sales.
Overall home inventory continues to decline with fewer listed homes for sale during the last six months of '07.
Owners accepted 17.5% less than asked during that period.
Inventory decline combined with lower prices could soon begin a year-long real estate rebound.
I'll also through in low interest rates and the fact that if you have good credit history you can obtain a decent rate and terms without too much hassle.
As always if your planning to purchase property in the Keys please contact me and I'll do my best to assist you.
I welcome your comments and thoughts, please give me feedback of what you think about the potential real estate market turnaround.
Rob Skeel Realtor
Centuny 21 Prestige Realty Group
305-393-6300
http://robskeel.com/homes_for_sale.shtml
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