For example, in the past 24 hours, 111 new listings and 22 solds in the Multiple Listings Services have been reported, the majority of the properties under $200,000.
Florida as a whole is noticing more realistic pricing. The ratio between the list and selling price continues to shrink, as does the average price of RESALE properties.
In February 2008 the average median price in Collier was $325,000. as opposed to January 2009 where the average price fell to under $200,000.
As the prices continue to fall, the inventory is being absorbed and reality is setting in for both sellers AND buyers.
If you have any questions as to the value of your property, OR you think you may want to invest in what is aurguably one of the best times ever to buy real estate, don't hesitate to call me. I have access to every listing, be it short sales, forclosures or just someone that wants out from under a mortgage.
REMEMBER; The best time to do it is when everyone else isn't !!
