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What happened to all the properties for sale?

March 2, 2012 2 comments

As I am typing this text in March of 2012, my thoughts go back to 2007 and 08 where at any given moment there were over 30 units for sale in one of my favorite condo communities. Considering there are over 800 condos there, this number always was pleasantly low, even when the market was very slow.

Today, I ran a search, and there are 17 condos listed in the MLS for sale (source: MyFloridaRegionalMLS). I don’t have hard facts to back this up, because there is no way to go back and search the MLS by “how many condos were listed for sale at any given point in time”, but I think this is a record low in a long, long, long time. Like several years long.

I have Buyers that I am working with, that just can’t seem to find that perfect condo for sale that they are looking for. It’s either not in their preferred building, too high up, not high enough, not the floor plan they like best, needs to be updated, updated but not quite their taste, just not the perfect one for them.  For a long time now it has been more like “Which one of these fabulous choices do I like best?”. – But it seems that the times of a huge selection of properties to choose from is over!

Maybe one day we’ll all look back at the winter of 2012 and realize, that this was when prices started to climb up again? I have again no hard facts to back my feeling up with, but if the laws of economics still work, then it seems like the demand is higher than the supply, and that is indeed the factor that will lead to price increases. Some of the reports in the news are supporting my feelings, but I am not sure yet about this new and changing real estate market. It will be interesting to re-visit the SOLD prices at the end of 2012 versus the prior years!

If you have similar of different thoughts on this topic, I would love to hear from you and discuss this further! You can reach me at 727-480-4155 or via ReachTanja@gmail.com.

If you are thinking about buying or selling real estate in our area, call me today!

Tanja Cisliek | Realtor   cell 727-480-4155   ReachTanja@gmail.com   www.RealtorTanja.com