The real estate market suffered through some pretty tough times starting November 2005. Most people never realized the plummet till 2006. It did not crash like the North Korean Rocket, it stopped going up, and property began to stick, inventory increased. November 2011, five years almost to the day, marked the end of the down spiral. It is like an elevator going down. What is the first thing you have to do if you want it to go up?
Right answer – You have to stop it. And then it begins the climb up. That is where I see it and here is why?
1. There are no new units coming on the golf market at the moment (remember 80% of this market are condos)
2. The economy is starting to come to life.
3. There are 10,000 Baby Boomers retiring every day.
Just like the boom did not hit across the board, all at once, nor did the beginning of the collapse in November 2005 hit all subdivisions at once. Look at the inventory numbers; they are all over the place some up, some down.
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“This information while deemed accurate is data derived from M.L.S. of Naples and the participating member Brokers and their property listings.”Ron "The Bear" Barakett
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