The 50 Somethings…
Single Family Homes Sold in Port St Lucie from 49K-60K
I wanted to do a Market Report on the 50K price range most expectantly to see a serious decrease in solds from this year over last. Surprise… again the numbers don’t lie.. so even I have to drink the sour milk… (yuck)
2010 Homes Sold from 49K-60K Single Family in Port St Lucie 3/2 min
2011 Homes Sold from 49K-60K Single Family in Port St Lucie 3/2 min.
While there was a decrease…12% to be exact… I was expecting more like 35%. One the sunny side though… there was a DECREASE! Guess that is a step towards recovery or in the right direction anyway.
Some of you may be looking these over and wondering about the larger homes that went very cheap. Those can be attributed to either Chinese Drywall or our old nick name “Pot St Lucie”. So with more of those out of the way ..we can at least pave a path to Sunnier Florida Days.
p.s. Last time I was incorrect in my projected outcome was in college when I studied a comparison of articles relating to Welfare Reform in the Wall Street Journal and USA Today (this was around 1994) completely expecting Wall Street to be Conservative and USA Today completely Liberal…. Wall Street was more republican but USA Today was completely unbiased. In case you ever wondered….
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Fascinating that you have homes so inexpensive there. Are lender restricitions holding your market back?
Brett- Most of these sales are cash. I would confidently say 65% cash and alot of investors. Lenders have been pretty good I must say this past year over the year before. We get FHA done w/o appliances and flooring. Alot of change to get this inventory moved. - Also alot of these homes are in disrepair and needed work. You dont' get a move in ready home at these prices dispite what the media may lead people to believe.