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Friday, February 20, 2009

10% smaller, 20% higher

I was previewing some listings today in the Rockledge Florida area. A couple of properties I looked at were priced OKif it were 2006 again!

But it is 2009….and we are not going back to 2006 prices!

You see these properties were 10% smaller than the recent sales in the same complex. These active listings were 20% smaller than the previous sales although they had the same number of bedrooms and baths.

I do not understand the seller’s rationale and I am sure potential buyers will not either! This is a competitive real estate world.

I will admit the previous sales were short sales. Unfortunately in this real world, it is the short sales and foreclosures that are setting the prices!

If you are considering selling your Rockledge, Florida property, give me a call. I would welcome a chance to discuss how I can assist you in your process.

Gary Waters, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida.

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