Posted on January 15, 2009 - by admin
Where is the Real Estate Market in Florida headed?
nonobadpony asked:
I would like to sell my beach cottage in Cocoa Beach. Should I hold on for higher prices or sell now. Last year I could have sold it in a week for $330000. Now it looks like a buyers market. The house fronts on A1A and is less then a block to the beach.
I would like to sell my beach cottage in Cocoa Beach. Should I hold on for higher prices or sell now. Last year I could have sold it in a week for $330000. Now it looks like a buyers market. The house fronts on A1A and is less then a block to the beach.
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January 18, 2009
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The real estate market in Florida is on a downturn right now and may continue to correct for the next several years. You may try to sell now and see what you get or plan to hold it (possibly renting it out) for quite some time.
Hope this helps!