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What's Your Real Estate Market Like?

By
Services for Real Estate Pros

Looking north in Myrtle Beach

The Myrtle Beach real estate market is quickly getting to the point where prices have bottomed out and are going to rise, if it's not already there.  The best foreclosures and short-sales pop up less and less and are immediately purchased by the circling investors who watch every list and seldom let them hit the market.

Greenville Flowers

 Inland towards the mountains in South Carolina, Greenville SC homes are stable and both buyers and sellers are enjoying a good market.  Like other non-resort areas such as Charlotte and Raleigh, NC, Greenville didn't see the big rush of 2005 nor the double plus price increases.  Life revolves around industry, family life, and retirement neighborhoods, and is affordable and always popular.

My clients and partners in other areas have their own take on the market.  Annette Smith, Realtor® in Sarasota Florida tells her customers who are looking for a deal to ask themselves a few questions.  Do you want to live in the property?  Would you buy it if it wasn't a deal?  How long have you been looking for waterfront property?  Answer these questions honestly and then decide if you think now is the time to buy Sarasota FL Real Estate.  Homes have come off their highs to 2003-2004 prices.

She says Siesta Key condo inventory is very high and prices are much lower than the highs of 2005.  The buyers market affords many alternative deals along with low price.  Have your real estate agent ask that the seller pay closing costs, inspections and  possibly a maid to give a thorough cleaning before your closing.  Ask for the moon -- you may get it!

Waterfront homes on Longboat Key have always been at premium prices.  Longboat Key FL real estate has adjusted but the best inventory is selling, and buyers will be disappointed in a year to see what is available.  We're having a Macy's sale in Florida and the first day is the best day of any sale.  Once the inventory recedes, rents go up and prices of homes and condos start to follow.

Casey Key

Down in the southwest, residential markets like Flower Mound Texas real estate and Frisco TX real estate are enjoying a brisk retirement market, as well as upwardly mobile families and "green-conscious" boomers looking to settle down near careers and grandchildren.  The suburban scenery near to downtown culture and excitement offers the perfect balance to keep the market stable.

A beautiful home in Frisco Texas

What about some of the other areas like Washington State or Ohio?  How is your market these days?  We'd like to know!

Comments(4)

Chuck Carstensen
RE/MAX Results - Elk River, MN
Minnesota/Wisconsin Real Estate Expert

Right now in my area the bank owned homes that are priced right are flying off the market.  Lots of activity.

Aug 10, 2008 05:31 AM
Jan Chilton
Myrtle Beach, SC
Real Estate Marketing

What's your area, Chuck?  It's not in your sig...

Aug 10, 2008 05:37 AM
Anonymous
riathareja

 

India has "enormous potential in all its property investment categories". Strong population growth, a large pool of qualified workers, greater integration with the world economy and increasing domestic and foreign investment are fuelling demand for office, retail and residential property. India’s burgeoning middle class will drive up nominal retail sales through 2010 by 10% p.a. At the same time, organised retail is becoming more important. At present organised retail accounts for a mere 3% of the total; by 2010 this share will already have reached 10%.India is the prime destination for IT services outsourcing. In the coming five years, at least 55 million m² of extra office space must be completed in the premium office segment alone. Property investments in India are not risk-free. Market transparency is far behind European or US standards. It is therefore vital for foreign investors to have a professional local partner. The lack of liquidity and upward pressure of pricing remain the main concern within the market. For more view-   realtydigest.blogspot.com

Aug 10, 2008 10:48 PM
#3
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Philadelphia and suburbs is a good market as well. Homes priced under 300k are selling quicker.

Aug 10, 2008 11:58 PM