wrote in message
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On Fri, 28 Mar 2008 07:05:14 -0400, HK wrote:

BTW, property values in all the areas covered by Zillow have not declined.

Tell that to the people in SW Florida

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.

" wrote in message
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wrote in message
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On Fri, 28 Mar 2008 07:05:14 -0400, HK wrote:

BTW, property values in all the areas covered by Zillow have not
declined.

Tell that to the people in SW Florida

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.


Hey, Jim,

To the best of my knowledge (as of a few months ago) the "Ranch House" we
had is still the last house that has sold in Ranch Colony. We got out in
the nick of time, even with the delay caused by "Wilma".

Eisboch

"Eisboch" wrote in message
...

" wrote in message
...

wrote in message
...
On Fri, 28 Mar 2008 07:05:14 -0400, HK wrote:

BTW, property values in all the areas covered by Zillow have not
declined.

Tell that to the people in SW Florida

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.


Hey, Jim,

To the best of my knowledge (as of a few months ago) the "Ranch House"
we had is still the last house that has sold in Ranch Colony. We got out
in the nick of time, even with the delay caused by "Wilma".

Eisboch
You do lead a charmed life ;- My values are down from the peak but still up
from when I bought. I can wait it out.

" wrote in message
...


"Eisboch" wrote in message
...

Hey, Jim,

To the best of my knowledge (as of a few months ago) the "Ranch House"
we had is still the last house that has sold in Ranch Colony. We got
out in the nick of time, even with the delay caused by "Wilma".

Eisboch



You do lead a charmed life ;- My values are down from the peak but still
up from when I bought. I can wait it out.

As we all will.

Eisboch

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.