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I agree with everything you wrote. I am also seeing more buyer activity and the inventory is declining. In addition, I just had a meeting with a senior property appraiser who told me that she cannot check the box "declining" on every appraisal she is doing because the numbers do not support it. She believes that the market is stabilizing, which is the first step toward appreciation. Who ever is thinking about buying property should not delay too much longer.
There are many solid indicators that shows fl (especially Sfl Miami) dropping post year 2000 prices. Take for instance 742 Paradiso Ave Coral Gables FL 33146 according to zillow this home inflated over 186% during the bubble years and now is priced at 86% lower then it's highs so yes to the gullible cool aid drinkers out there this home is a great buy considering the 8k fthb and that it was dropped 86%.. but step back and look at wide time frame and you will this home could realistically drop another 100% since the price now is 100% above what a lot of very smart people ( without a byes' unlike the realtors here ) are predicting
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Great time to buy in Coral Gables
Nick Cachaldora, "Nick Cachaldora"
Real Estate Agent
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