Naples, Florida: 877-352-6404
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Real Estate Blog

Monday, February 13, 2012

There are thousands of short sale and foreclosed properties throughout Florida, in fact there are 291 short sale properties in Boca Raton alone, priced from $19,900 to $2,995,000. This staggering statistic does offer one positive element, which is NOW is a great time to be buying a home or investment property. Also, if you are a seller then this year might be the last year to get your deficiency waived.

For years now in Florida, the trend hasn't been existing-home sellers' friend. Sales have risen recently as bargain hunters have swooped in.

 

Single-Family Homes

Condominiums

Sales

Median Price

Sales

Median Price

Year

(thousands)

(thousands)

2005

248.6

$235.2

83.0

$209.9

2006

184.0

247.1

56.9

211.5

2007

129.9

234.3

41.9

205.2

2008

124.2

187.7

38.1

164.2

2009

162.9

142.5

55.9

108.0

2010

172.5

135.9

76.2

90.0

2011

185.9

131.7

87.6

88.3

2012

12.2*

122.2

6.7**

79.4

*January, versus 10.7 a year earlier.

** January, versus 4.9 a year earlier. Source: Florida Realtors

Bristol Properties International has a team of short sale experts who can point you in the right direction. The Bristol associates stay up to date by frequently working with attorneys who specialize in helping the sellers through the short sale process. Each property and situation is different so please contact us.

Bristol Properties International is committed to making the buying or selling of a home a seamless experience. Our team of licensed and dedicated professionals emphasizes delivering superior customer service through their honesty and years of real estate experience. Whether you are looking to buy or sell, our agents can provide you with the comprehensive service and financial solutions needed to successfully achieve your goals.

Call today for a free consultation at 561-347-1303 in Boca Raton or 239-352-6400 in Naples.

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