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Has the condo or second home market in your area started up from the bottom?

By
Real Estate Broker/Owner with Carousel Realty of Dyer County Tn 248435000

About two years ago I purchased a condo in Destin,Florida. I thought that I bought it at the bottom but prices seemed to continue down for another year or so.

Today, the prices have stabilized and even gone up a little. What about the condo market in your area? Sometimes I have friends wanting to buy second homes down in Florida but I don't want to encourage that if the market is still falling.

I hope realtors from the coasts of Alabama, Mississippi and Florida will give me a market update.

Lloyd Binen
Certified Realty Services - Saratoga, CA
Silicon Valley Realtor since 1976; 408-373-4411

The bottom of the Santa Clara County market in No. Ca hit bottom about 2 years ago when lenders reduced REO prices about 50% to get them sold.  It worked and stabilized the bottom of the market as investors purchased homes for cash.

May 23, 2011 05:51 AM