I just read for the second time a Forbes.com article title "Most Resilient U.S. Real Estate Markets" this article Names Tampa Florida as the most Resilient real estate market in the US, based on a strong local economy, job growth and housing cost.
I believe that the St Augustine real estate market shares most of those quality and more.
- High Investor Rate
- Strong local economy
- Strong Job Growth
- Major Investments in the area
- Mall, Roads, Hospitals
St Augustine Real Estate market June 2007
- New spec homes under $230,000 have been sold
- Some spec homes remain under $260,000
- Resale market for single family homes priced under $230,000 are selling
- Select homes, condos and townhouses are selling
- Large selection of new condos / townhomes available (I expect some price cuts very soon)
- Owners / Builders are getting aggressive with Incentives and price adjustments
Your Trusted Real estate team "Producers" Realtors with Keller Williams Realty St Augustine Florida
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