Let's Make a Million Doller Deal!!

Million-air buyer's are back. Florida Emerald Coast, like the rest of Fl, has been spiraling down a lot faster then our artificial market went up.  There seems to be a rainbow coming back out and I don't mean from Tropical storm Faye.  I own a RE/MAX office and have 52 agent's.  That helps me keep an finger on what our market is doing.  We have finally leveled off with prices. Our vacation rental's are up 20% and the income ROI is starting to make a return to the buyers and investors. Buyer's are back and I am seeing some big contracts starting to come in.  We have had several condos go under contract with several over $1 million and 2 beachfront Lot's in the $2 million range.  I have been in touch with several South Florida Broker's and they are also seeing it picking up.  There are still a lot of foreclosure's, short sales galore, and a least 1 real estate auction every weekend. This will still hurt our comps on appraisals but  I think buy the end of this year we will back in good shape.