SW FL Real Estate

about the bottom of the market - see last blog -

1. Even though we see a 30% jump in actual sales transactions in April over 1 yr. ago..
2. and even though pending sales are up substantially.... we keep seeing the market slaughtered with news of: 
3. Lee Co. courthouse reports a back log of 15,000 foreclosures!  The system is tied up with foreclosures.  Thinking 1,500 per mo. had become the norm.  Evidently that's just all that can get processed.
4. Even though we have lost 35% from the avg. price of a s.f. home -
5. We are still inundated with news items that you don't even think about coming - like all the massive lay offs of related industries 
6. And, of course, public builders news of posting losses fuel the flames

I am not sure the Lake "O" fires on the water are a microcosm of the SW FL economy.  But, I am sure there are deals to be had by the buyer.  The seller is bleeding out and the smart buyer is making great deals.  Activity is up and the market prices are down....