For a personal tour of this wonderful neighborhood here in Port St Lucie, FL please call Kevin B Tolbert, PA today, and to see current listings, please CLICK Port St Lucie, FL.

And if you need to sell your home in Port St Lucie, FL, please www.SearchforSouthFloridaHome.Com is the only website you need to remember. We specialize in short sales and preventing foreclosure of your home, and if you qualify we can even get you cash back from your lender for relocation assistance at closing.

This has been our market for the first 2 months of 2012 for vacant lots.

The most interesting item is our absorbsion rate which is crashing in rentals and falling in resale homes very nicely while the vacant lots are rising and sales are slacking off.  This to me says our investors are turning their attention to our resale homes where they see the flipping opportunities and rental opportunities and leaving the low priced land alone for now.

If this trend continues for 2012, it is only logical to expect vacant land prices to fall further as more and more investments dollars are attractive away from this real estate segment and diverted towards home sales.

The List Price to Sale Price graph says it all, sale prices across the board are much lower than listing prices so if sellers want to start seeing sales increase again in this market sector, they will need to lower their asking prices.

That is because our investors are grabbing all of our homes below 100K  rather than vacant land.

If you would like to refer your investors, or are looking to buy, sell, or invest, NOW IS THE TIME to call me today!

And check out this report from Active Rain on predicted trends: http://actvra.in/tJy

Jan-12Feb-12
# Months Inventory 8.76 11.63
# Active Listings 184 186
# Sold Listings 21 16
Absorption Rate 21 16

 

Kevin B Tolbert PA, CIPS, GRI, RSPS, TRC, CDPE, ALC

Keller Williams Realty of Port St Lucie
1850 SW Fountainview Bld Ste 205
Port St Lucie, FL 34986

Direct:  772-834-0099
Email:  kevinbtolbert@kw.com

To see all our local listings please goto www.SearchforSouthFloridaHome.Com
To see all our statewide listings, please goto www.IsellPortStLucieLand.Com

To see all my blogs, please goto www.kevinbtolbertpa.com

 

 
This post has been included in Florida Real Estate News St Lucie County, FL Real Estate News Port St Lucie, FL Real Estate News
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6 Comments on Port St Lucie, FL Vacant Land MARKET TREND Week Ending Feb 29, 2012 2012 Market Trends

MAR
01
2012
1,210,622 Points 118 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Kevin - hmm, in our area the land is getting hotter, and is disappearing fast. Strange, we are not that far from you
9:55pm • #1
MAR
02
2012
1,093,443 Points 7 Featured Posts Outside Blog Called Shot Master

Good Morning Kevin, Great Job on the market trend report.  Keep up the good work!
3:04am • #2
957,004 Points 53 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Kevin, nice to read market news from across the Country and see how different cities are faring.    Good job!
1:20pm • #3
565,114 Points 2 Featured Posts Outside Blog Called Shot Master

Jon,

What can I say... you can buy a lot for $7000 and HOLD IT, or you can buy a house under 70K, do some TLC and flip it. 

In an economy like we just emerged from, don't you think these folks would rather make some quick return?
6:53pm • #4
565,114 Points 2 Featured Posts Outside Blog Called Shot Master

Wayne,

Thanks so much for stopping by and please visit my other blogs often.  Subscriptions are available.
6:54pm • #5
565,114 Points 2 Featured Posts Outside Blog Called Shot Master

Joan,

I am absolutely agreeing with you.  I love to hear the good news of how the other markets are doing and improving.
6:55pm • #6


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Kevin B Tolbert PA GRI CDPE CIPS RSPS Port Saint Lucie Short Sales Specialist

Saint Lucie West, FL

More about me…

Keller Williams Realty of Port Saint Lucie

Address: Kevin B Tolbert PA CIPS GRI RSPS TRC CDPE ALC, 1850 SW Fountainview Blvd Ste 205, Port Saint Lucie, FL, 34986

Office Phone: (772) 237-5600

Cell Phone: (772) 834-0099

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