Grim News in the Florida Real Estate Market

Sarasota-Bradenton - 48 percent drop in home sales
Sarasota-Bradenton - 41 percent drop in condo sales
Charlotte County North Port - 18 percent drop in home sales
Charlotte County North Port - 92 percent drop in condo sales
Palm Beach County - 39 percent drop in sales
Martin and St. Lucie counties - 44 percent drop in sales
Broward County - 36 percent drop in sales
Broward County - the fewest used homes sold in the county in one month since 1994 Miami-Dade County - 28 percent drop in sales
Naples - 31 percent drop in sales
Lee County - 9 percent drop in sales

See this Blog for the full posting:
http://globaleconomicanalysis.blogspot.com/2006/03/florida-bubble-busts-wide-open.html

But wait, this author is a stock market consultant and I suspect a salesperson. Stockbrokers love to tell people how terrible real estate investing is....because they make no money that way.

FACT: Our Bradenton - Sarasota market has experienced 145 percent appreciation in the past 5 years.

FACT: Our median sale price is up 10% over this time last year.

FACT: The number of sales are down because investors and speculators fueld the market and now are selling.

So what if you have to give up 10 percent to sell your house today, that still leaves a 135% gain. Becareful to investigate what you read!