Profile picture for syl2021076126

33062 ZIP Code

Anyone know, how is the real estate market in South Florida, specifically in this zip code area
  • September 21 2007 - US
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Answers (21)

Profile picture for 2 Big 2 Fail
Florida is housing crash central. Good luck!
  • September 21 2007
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Profile picture for Mikovich
I'm in 33912. Horrible and getting worse by the looks of everything.
  • September 22 2007
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Profile picture for miztiffany
33908 here...it's bad.
  • September 22 2007
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Sitting in 33467. What City is that?
  • September 22 2007
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Profile picture for siestadelight61
34229 here- already dropped ours 40K...will come down again this wk. Neighbor dropped theirs a total of 100k & it sold.
  • September 22 2007
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Profile picture for PBCAcreageOwner
33412 here, we've lowered ours $80K (over 12 months time) and still no buyers! Only had 4 showings too! Florida is HORRIBLE right now-Way too many sellers and NO buyers.
  • September 23 2007
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Profile picture for tldtms
I"m buying in the pompano beach lighthouse point area. Everyone there needs to lower their price another 80k. You all are way overprices.
  • September 23 2007
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Profile picture for syl2021076126
Thanks for your input, I am in Lauderdale by the sea, on the beach, I have not heard people dropping there price 100k, I think location, location, location means everything, when someone what to be on the ocean, they pay for the view and location
  • September 24 2007
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oh yeah for sure you beach location will only help you but if you have many homes to compete with you will still be dropping your price. i hope not to much tho.
  • September 24 2007
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Profile picture for syl2021076126
I have not see price droping in our condo. This is high end wealthy people.
  • September 25 2007
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Profile picture for 2 Big 2 Fail
Fisher Island does not seem to be having any price declines:

http://www.forbes.com/2007/09/10/zip-expensive-hundred-forbeslife-cx_07zip_mw_0913realestate_slide.html?thisSpeed=15000

So maybe all of Florida is not that bad....
  • September 25 2007
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Profile picture for syl2021076126
What I have been seeing in price reduction are people who bought or refinance with those prime loan and now the amount of loan are getting to high to what the can afford.
  • October 02 2007
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syl,

the biggest problem with the condos on the ocean is that the ins is so expensive and no one wants to take the properties to insure - its a real struggle for some of those hi-rises.
  • October 02 2007
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Profile picture for Ann2
  • Ann2
  • 149 contributions
I keep watching Sarasota and the beach sf prices beyond my affordability. I know what some of them were sold for in 2003, but the prices did not come down 50% to that point. They even did not come down 10%. No hope for me here.
I would not consider any HOA properties, including condos even they affordable, that hoa just killing.
  • October 02 2007
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Profile picture for syl2021076126
I bought mine in 1999 and the price is 5 times what I pay, I do not see any decrease in price when you are facing the ocean and specially in this price range, people do not want to lower there price
  • October 02 2007
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Profile picture for Ann2
  • Ann2
  • 149 contributions
syl,
are you talking ocean front Sarasota? What beach?
  • October 03 2007
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Profile picture for syl2021076126
I am talking Lauderdale by the sea
  • October 03 2007
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Syl - you live in a nice area. A good friend of mine lives there and they are trying to buy up his condo development to build hi rises. Last I heard, they aren't offering enough to make it worth while to move.
  • October 03 2007
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Profile picture for syl2021076126
I love the area, very nice and quiet and also upscale, close to West palm and Miami, Las Olas.
  • October 05 2007
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I process jumbo and superjumbo loans throughout Florida...it has been ugly the last couple months. There has been a 'snag' with so many files.. if it isn't the depreciation, it's the tighter and tighter guidelines.
  • October 05 2007
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Profile picture for syl2021076126
I saw the new regulation for Jumbo loans, it is not getting ugly to sell those Millions dollar house, or condo.
  • October 09 2007
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