A BUYER vs. SELLER'S Market
What best exemplifies the difference between a Buyer vs. a Seller's Market? Simply put:
Supply vs. Demand.
Spring of 2005 found us with more Buyer's than Seller's which fueled what could only be
compared to as a "feeding frenzy". New construction prices created the demand for
pre-existing condo's and homes. Buyer's were paying "top dollar" and sometimes
exceeding the list price by thousands.
Investor's of new construction beach units began "flipping" a.k.a. "assigning" their contracts
before the developer ever completed the project and for huge profits !
The 2005 summer, however, created the catalyst for change. In Pinellas County, the
"red tide" algae bloom lingered months...proving the worst outbreak in over 30 years.
The hurricane season, also, was declared as being one of the most "active" in years'
seen. The final blow came when oil prices escalated after hurricane "Katrina's" impact and
the real estate market had officially turned.
Now, fast forward to the present, spring 2006 and a Buyer's market is at hand. Inventories
of both new and existing construction are at an all time high. Market correction will take
place with sales prices adjusting.
For you, the prospective Buyer, it will be the "Right time to Buy" ! The scales have turned
and is now in your favor. Let us assist you in finding the "right" place at the "right" price.
This is where knowledge and experience will count the most. Contact us and we will assist you in owning a part of the "Florida Lifestyle".
TALK 2 TAYLOR......you'll be glad that you did !
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