Where are the buyers?

That question has been asked a lot over the last 2 years. Well, the answer is in and the buyers really did not go anywhere. The market and pricing left the buyers but the buyers didn't leave the market. Last Wednesday Coral Lakes, a gated community with nice amenities, went up for liquidation sale. Priced at levels that rolled back pricing to 3-4 years ago. The response has been overwhelming!

Buyers flocked to scoop up these tremendous deals. There were 116 homes and townhomes to be sold. The townhomes starting at $86,000 were the first to sell out. As of this post there are less than 30 homes remaining. These homes were priced at a 50-75% discount to what the builder was selling these homes at.

The response says volumes to the interest that is out there for people wanting to own a home in SW Florida. Cape Coral, Fort Myers and surrounding areas are full of deals like this and the news of this interest as it reaches the national level will be a great boost to our area.

Recent statistics show that our population continues to lead the state in growth. While our inventory levels remain high and many submarkets have a ways to go to be competitive in price, there are buying opportunities out there. Smart buyers are finding them and buying them.

Almost 1,000 people have expressed interest in Coral Lakes and that speaks volumes to the notion that buyers went away. Buyers are here and when the price is right they will act. Those that do not will look back and wish they had.

For more information on Coral Lakes http://www.dennyspicks.com

Michael Polly - Vice President Denny Grimes and Company 239.689.7600 http://www.michaelpolly.com