I was writing a blog post about units in Fountain beach Resort and noticed that today is the last day of February.
I think there is significance if not of the exact day, but the significance of this month.
In our cyclical local market February is the month with the lowest prices of the year.
March usually is the first month of the season. Life is coming back, the winter is over, people come in droves to Daytona events, and after all beer, bikes, races they are ready for real estate.
last year started with the bang, March condo prices in Florida went up 20%, but there was not enough steam behind, and the market could not sustain any serious growth. Will it happen this year? There are many signs pointing in this direction. This could be like 2004, but we wil only know when the summer season is over, and we could see what the season has brought to us.
To read the rest of the story, please follow the link to the post The last Day of February on my condo-hotel site.