According to USA Today and Zillow.com, the Internet real estate site that keeps tabs on home prices nationwide, “housing has turned the corner from its five-year slump." Zillow Chief Economist Stan Humphries said that the rise in home prices for four straight months signals that the nation “has hit a bottom in home values.”
If you have been waiting for a bottom in markets like Phoenix and Florida, the time to pull the trigger may be at hand, according to Zillow. The real estate service forecasts that prices in Phoenix will lead all markets Zillow covers, rising nearly 10% in the next year. Miami follows at 6.1%.
There is some evidence that the most popular Florida golf community areas are following suit. Realtors we work with on the Gulf Coast of Florida point to the shrinking number of homes for sale and increased buyer
Another member of our Realtor network, Jeff Feldman in Naples, says that prices in some communities there had dropped more than 70% from their highs in 2006, to late 1990s levels. Now, he says, they have begun the steep climb back and have reached 2002/03 levels.
In a matter of weeks, we will begin listing more than 100 golf homes for sale in Sarasota/Bradenton and Naples at our companion web site, GolfHomesListed. Those golf communities will include:
Prestancia (TPC golf course)
River Strand at Heritage Harbour
Imperial Golf Estates
If you would like information now on any of these fine golf communities or on these Florida markets, please contact us and we will be pleased to put you in touch with Dennis and/or Jeff.