On Fri, 28 Mar 2008 11:56:50 -0400, "Eisboch" wrote:

According to Zillow, values in SW Fl are down 25 to 30%. I have a buddy in
Cape Coral that bought in the Spring of 06. He's trying to get out with a
50k loss +RE fees. Unfortunately comps. in his area are 200k under his
ask. It's not a good time to sell in Fl unless you are just upgrading or
changing location within Fl.

Prices in SWFL are back to 2003 levels for the most part, about 50% of
the peak in mid 2005. It's a good time to be buying waterfront in my
opinion. There's still a lot of baby boomers out there waiting to
retire to warm weather and a house on the water.