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HAVE PRICES IN BROWARD AN PORT ST LUCIE FL GONE UP DOWN OR STABLE. WHAT DOES THE FUTURE LOOK LIKE

LOOKING TO BUY CONDO OR HOUSE IN GATED COMMUNITY
  • December 09 2010 - US
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Answers (1)

Overall, still going down. However, values change from neighborhood to neighborhoos. Can't use a large area to determine if a particular neighborhood is stable. Example: If a community was predominately built between 2004 and 2007 then the majority of purchasers who originally bought overpaid. Meaning a very high foreclosure rate in that community. An older community will probably have more stable prices. A high in demand community built previous to the boom will have increasing values. With all that said trying to buy at the bottom is a very difficult process. If you can find a good deal in a stable community it's time to move to the sunshine!
  • December 10 2010
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