What is the Market Doing?

By
Real Estate Agent with Re/Max Gold Coast Realtors

We are noticing a definite increase in inventory and of course with that properties are on the market longer.

We are starting to see sellers reduce their prices.

With all of the new building that is taking place in the marina, the beach properties are seeing quite an influx of new buyers.  So, it should be interesting to see what happens to the market.

Florence at the beach at Channel Islands Marina

(just South of Santa Barbara) on the California Gold Coast

Comments (3)

Teri Isner
Keller Williams Realty at the Lakes - Orlando, FL
GRI, CRS, CIPS
We have increased inventory too but our numbers will be up this month for sales too!
Jul 21, 2006 09:18 AM
Sharon Simms
Coastal Properties Group International - Christie's International - Saint Petersburg, FL
St. Petersburg FL - CRS CIPS CLHMS RSPS
In Pinellas County Florida inventory is about 400% of what it was last year, with 40% less buyers.  Still, buyers are buying and people are moving to Florida. Pricing right is king.  In the case of "flippers" they are facing problems when developers have new units and are offering fantastic incentives.
Jul 21, 2006 01:42 PM
Ed DeChristopher
Fredericksburg Realty, Inc. - Fredericksburg, VA
CRS Fredericksburg VA

The real estate market in the Fredericksburg Virginia area is much the same as it appears to be in Florence's area of operations.

The number of listings is growing and the number settlements is decreasing.  At the end of last month we had )about) a 7 month supply of houses available.  A very notable increase from June of 2005.

How are things going in other areas of the country? 

Jul 22, 2006 06:18 AM