St Augustine market is still holding it own, with only 50 Foreclosures +/- active at this time & with over 3,000 listing as a Percentage it not bad. My sales in December where both Foreclosures one at Palencia and one in Hannahs Walk

• Palencia sold for $240,000 with over 1800 SQ FT & some very nice Upgrades. Originally sold for $400,000 in 2005, wow what a few year can do to a market

• Hannahs walk sold for $120,000 3/2.5/1 Built in 2006 and Originally sold for $240,000 back in 2006.

January2009 I have 3 contract so far and planning on writing another one next week 2 are Foreclosures and 1 is a Short sale, I have some great deals for St Augustine Foreclosures with interest rates heading lower as well as prices I expected 2009 to be a busy year with prices dropping and not hitting a bottom until Loan Modification or refinancing for underwater home owners is address.