Let's Get REAL Estate

Hi all!

Just to follow up with some sales figures from last month (January '11). Condos are still having a number of REO's and short sales as evident in the 8% drop in average sales price over last year. Single family homes are seeing pricing increase as the average sales price increased 5% over last year (and this was with removing a $7 million sale that would skew the numbers). So not all is horrible in our area! This info is from the Realtor Association of Greater Fort Lauderdale (RAGFL). In our market and association, the trend last year was similar to this report. Single family homes are trending upward and condos are trending stable or slightly downward. So again...listen to the people who live this market every day!