We have reached the 2006 home price levels

By
Real Estate Agent with Beachfront Realty 3220434

 

 

 

 

According to Realtor.com I read that 31 out of the 50 largest US markets have reached the same level of pricing as in 2006. This time without predatory lenders.

There are several markets that are still well below that mark. All out west, Tuscan, Las Vegas and Riverside CA are all at least 20% below 2006 levels.

This time around we can feel more secure knowing that these prices have been achieved without the interference of subprime loans inundating the market or over extended investors trying to make a fast buck. 

 

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It's a Fabulous day in Florida and now is a great time to buy or sell.....

Don't make a MOVE without Marco!

Over 25 years serving the South Florida area

 

 

 

 

 

 

 

 

 

 

 

 

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Rainmaker
3,415,164
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Marco. Good new for markets like yours! Enjoy our day!

Nov 15, 2017 05:06 AM #1
Rainmaker
3,318,375
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Ahhhh...equity is a wonderful thing !

Nov 15, 2017 05:10 AM #2
Rainmaker
846,015
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

Good morning to you  Wayne Martin ,it is good news especially since SoFlo was one of the hardest hit markets.

Nov 15, 2017 05:12 AM #3
Rainmaker
846,015
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

That would be a big "oh yeah!" Sally K. & David L. Hanson !

Nov 15, 2017 05:13 AM #4
Rainmaker
3,871,897
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Marco Giancola,

Great way to get the word out. You make a valid point.

Nov 15, 2017 05:26 AM #5
Rainmaker
2,700,118
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I think that is a very good sign, especially since today's owners have better loans.

Nov 15, 2017 05:38 AM #6
Rainmaker
4,202,556
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Marco, it is taking some markets a long time to recover from the years after 2006 through 2009.  Denver recovered a few years ago, we are fortunate.

Nov 15, 2017 05:39 AM #7
Rainmaker
3,738,718
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Marco. I agree that the predatory lending was such a blow. Is Miami in the good place?

Nov 15, 2017 06:51 AM #8
Rainmaker
1,527,018
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Fifteen Years Experience in Brevard County

Prices were never the problem... lending was although the easy excuse the prices.  Glad to see the bounce without the "fog the mirror lending!"

Nov 15, 2017 07:56 AM #9
Rainmaker
2,026,607
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Marco - that is certainly true where I live in Port St. Lucie Tradition.  The houses built by a bankrupt builder are back to the 2006 price.

Nov 15, 2017 08:19 AM #10
Ambassador
1,990,753
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Marco, this is good news to hear!  It probably varies from market to market and area to area but we are on the right track!

Nov 15, 2017 07:28 PM #11
Rainmaker
3,035,162
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Good morning Marco.

Do you have in your crystal ball on when the next correction is going to be upon us?

Nov 16, 2017 02:03 AM #12
Ambassador
1,670,694
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

It's nice to know that we are back to supply and demand pricing with real lending. Considering the blow that Miami took this is a real accomplishment.

Nov 16, 2017 12:44 PM #13
Rainmaker
3,260,089
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Marco would you believe it in my market we have surpassed the top of the market over a year ago...i.e.: before the crash, Endre

Nov 16, 2017 11:59 PM #14
Rainmaker
4,797,927
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Marco.  Just within my little area of the world, I have areas that are well above 2006 levels and some still below.

Dec 16, 2017 04:46 AM #15
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Rainmaker
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Marco Giancola

Realtor (305)608-1922, Miami Beach Florida
Contact me for a free market report of your homes value.
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