Has the bubble burst? Or is it just slowly deflating?

By
Real Estate Broker/Owner with Tutas Towne Realty, Inc and Garden Views Realty, LLC BK607690

My market area is Poinciana one of the fastest growing PUDs in the country located in  Kissimmee,FlAs of this morning there were 1434 homes on the market in our two zip codes ranging from $135,000 to $650,000. Twelve months ago there were approximately 250 homes on the market. Where have all the Buyers gone? Have they floated away? Or are they just letting out a deep breath after a hectic buying frenzy? Based on what I am seeing they are still here but spending more time weeding through all the overpriced properties trying to locate the Sellers that need to sale.

Poinciana like many other markets of affordable housing and strong rentals is over saturated with Investor owned properties. Investors who got into the game to late. Their initial plan of purchasing and flipping for a quick profit has now flopped. Their overpriced properties are easy to spot. The "For Sale" sign is sun baked and askew. The wildlife is running rampant through the jungle like yard. There are still lock boxes on the front door, garage door, water spicket, chain link fence and back door from Realtors who have tried and failed. As you pull up with your Buyers to show this "Brand new, cute doll house in excellent condition. Priced to sale!" with the "Motivated Seller. Bring all offers." the hostile neighbors armed with gardening tools confront you wanting the grass mowed and the garbage picked up. The Buyers wisely stay in the car and politely yell out the window "Think we'll pass on this one". Hey, they are in hurry there are 75 properties that meet their parameters and they want to see them all.  So after a quick stop at the CITCO to put another $95 worth of gas in my SUV we head on down the road to the next "Pride of ownership shows" listing.  To be continued.........................

Posted by

 

Join Our Facebook Fan Page Check Us Out On Google+ Follow Us On Twitter

 

***I am NOT an Attorney nor do I play one on TV. Click the button below for my Bio.

The BIO for Bryant Tutas

 

 Tutas Towne Realty, Inc handles Florida real estate sales, Florida short sales, Florida strategic short sales, Florida pre-foreclosure sales, Florida foreclosures in Kissimmee Florida Short Sales, Davenport Florida Short Sales, Haines City Florida Short Sales, Poinciana Florida Short Sales, Solivita Florida Short Sales,  Orlando Florida Short Sales, Celebration Florida Short Sales, Windermere Florida Short Sales. Serving all of Polk, Osceola and Orange Counties Florida. Florida Short Sale Broker. Short Sale Florida.

 Copyright © 2017 http://www.brokerbryant.com/ | All Rights Reserved

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Tags:
real estate bubble
poinciana fl
market data

Spam prevention
Show All Comments
Ambassador
557,018
"The Lovely Wife" (Broker Bryantnulls Wife) The One And Only TLW.
President-Tutas Towne Realty, Inc. - Kissimmee, FL

LOL Gracious...

You soooo do not want me near AR right now....I'm in a mood :)

Step awaaaaaaaaaaaay from the keyboard. Trust me on that one :)

P.S. Blog Boy needs his over ride...They're coming to take me away...La La La :)

TLW...ROAR!

Jul 01, 2008 11:47 AM #25
Rainmaker
1,142,210
Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time

Hey what the hell are you guys doing back here on my very first post ever? Hey look at the date 7-8-06. I'm 1 week away from my 2 year anniversary. Does that mean I can write about my dog?

Jul 01, 2008 11:52 AM #26
Ambassador
557,018
"The Lovely Wife" (Broker Bryantnulls Wife) The One And Only TLW.
President-Tutas Towne Realty, Inc. - Kissimmee, FL

And I'm just a few days away from mine.

Time flies when you're having fun. Yes? :)

BTW...I'd say the bubble was slowing deflating :)

TLW...ROAR!

Aug 18, 2008 11:11 AM #27
Ambassador
557,018
"The Lovely Wife" (Broker Bryantnulls Wife) The One And Only TLW.
President-Tutas Towne Realty, Inc. - Kissimmee, FL

Actually...

I think we get to write about:

  • How many comments we've made.
  • How many comments others have made on our blog.
  • How many blog posts we've written.
  • How many blog posts have been written about us.
  • How many contests we've won.
  • How many points we have.

I'm also pretty sure we get to put up a post anytime we feel like patting ourself on the back :)

Bet you're wondering if I'm done...Nope :)

TLW...ROAR!

Aug 18, 2008 11:16 AM #28
Anonymous
The up side

Oaky , lets see if there is an upside.

nope dont see one, Humm I was going to try to be positive. Here in Virgina Beach , I guess Id have to say I would be happy to have a buyer !!! OH an the gas is @ $2.29 in some places . There look I found something positive to say !

Alison Creamer
RE/MAX Allegiance
www.Bzibee.com

Oct 26, 2008 11:19 PM #29
Rainmaker
656,967
Joetta Fort
The DiGiorgio Group - Arvada, CO
Independent Broker, Homes Denver to Boulder

Hey - I had that neighbor run over during a showing and demand that I get the grass mowed!

Oct 27, 2008 04:43 AM #30
Ambassador
557,018
"The Lovely Wife" (Broker Bryantnulls Wife) The One And Only TLW.
President-Tutas Towne Realty, Inc. - Kissimmee, FL

May I come in here and talk to myself?

Of course I can. I can make rude remarks about Meat Loaf. Oh. Wait. It's public :)

Nov 21, 2008 09:44 AM #31
Ambassador
557,018
"The Lovely Wife" (Broker Bryantnulls Wife) The One And Only TLW.
President-Tutas Towne Realty, Inc. - Kissimmee, FL

No Meme's. I will not do it. Especially when I know folks are just doing 'em for the points :)

Nov 21, 2008 09:44 AM #32
Ambassador
557,018
"The Lovely Wife" (Broker Bryantnulls Wife) The One And Only TLW.
President-Tutas Towne Realty, Inc. - Kissimmee, FL

Did you know I have a bet going on? I put money on Blanton :)

Nov 21, 2008 09:46 AM #33
Ambassador
557,018
"The Lovely Wife" (Broker Bryantnulls Wife) The One And Only TLW.
President-Tutas Towne Realty, Inc. - Kissimmee, FL

I am going to win that one. Just trying to figure out what I want to buy with my winnings :)

Nov 21, 2008 09:46 AM #34
Ambassador
557,018
"The Lovely Wife" (Broker Bryantnulls Wife) The One And Only TLW.
President-Tutas Towne Realty, Inc. - Kissimmee, FL

Oh I know...

I could buy you a better pan to make meatloaf in :)

Nov 21, 2008 09:47 AM #35
Ambassador
557,018
"The Lovely Wife" (Broker Bryantnulls Wife) The One And Only TLW.
President-Tutas Towne Realty, Inc. - Kissimmee, FL

Buying you a pan...

Would actually help you to understand why woman like me would rather have the cash in lieu of the kitchen appliance that you think is so way cool :)

Nov 21, 2008 09:48 AM #36
Ambassador
557,018
"The Lovely Wife" (Broker Bryantnulls Wife) The One And Only TLW.
President-Tutas Towne Realty, Inc. - Kissimmee, FL

Know what Babe...

It's really good to be almost back to myself. I loved driving today. That was so way cool :)

Nov 21, 2008 09:49 AM #37
Ambassador
557,018
"The Lovely Wife" (Broker Bryantnulls Wife) The One And Only TLW.
President-Tutas Towne Realty, Inc. - Kissimmee, FL

I also...

Enjoyed my shopping. Thanks for enjoying it vicariously :)

Nov 21, 2008 09:50 AM #38
Ambassador
557,018
"The Lovely Wife" (Broker Bryantnulls Wife) The One And Only TLW.
President-Tutas Towne Realty, Inc. - Kissimmee, FL

I could have spent...

More money but I decided to give you a break :)

Nov 21, 2008 09:51 AM #39
Ambassador
557,018
"The Lovely Wife" (Broker Bryantnulls Wife) The One And Only TLW.
President-Tutas Towne Realty, Inc. - Kissimmee, FL

Right smack dab in the middle of it all...I remembered that it doesn't grow on trees :)

Nov 21, 2008 09:52 AM #40
Ambassador
557,018
"The Lovely Wife" (Broker Bryantnulls Wife) The One And Only TLW.
President-Tutas Towne Realty, Inc. - Kissimmee, FL

Now see...

I got my points in and I didn't have to write a stupid lame Meme to do it :)

Now for all of you who are reading this...Oh Well...I have strong opinions about a lot of things :)

Nov 21, 2008 09:53 AM #41
Ambassador
557,018
"The Lovely Wife" (Broker Bryantnulls Wife) The One And Only TLW.
President-Tutas Towne Realty, Inc. - Kissimmee, FL

Did you know 9 is a lonely number? Thank goodness I don't have that problem anymore :)

Don't look at me like that, you do it to me all the time :)

TLW...ROAR!

Jun 05, 2009 11:06 AM #42
Ambassador
557,018
"The Lovely Wife" (Broker Bryantnulls Wife) The One And Only TLW.
President-Tutas Towne Realty, Inc. - Kissimmee, FL

Oh...

And I won that bet about Jeremy :)

No one can say I don't have the pulse of AR tagged :)

TLW...ROAR!

Jun 05, 2009 11:10 AM #43
Ambassador
557,018
"The Lovely Wife" (Broker Bryantnulls Wife) The One And Only TLW.
President-Tutas Towne Realty, Inc. - Kissimmee, FL

Pretty sure...

You nailed it and the proof is right here :)

TLW...ROAR!

Dec 26, 2009 09:36 AM #44
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
1,142,210

Bryant Tutas

Selling Florida one home at a time
Ask me a question
*
*
*
*
Spam prevention