This is no sales pitch. This is only a statement of fact.
Real estate markets are cyclical. Most things in life are cyclical – even your mood – some days up, some days down!
As real estate prices bottomed many sellers lost lots of money -some real, some on paper. This can be easily evidenced by comparing the sold prices now against selling prices as recent as 2005.
In the Brevard County real estate market a drop of a hundred thousand IS A BIG THING. The average sales price so far in 2010 is about $145,000.
Because of the cyclical nature of the real estate market it will like be today's buyers who make the money as sellers down the road....much like the sellers of the early 2000s!
Gary L. Waters PLLC, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida serving Florida's Space Coast including the cities and communities of Melbourne, Viera, Rockledge, Suntree, Merritt Island, Cocoa Beach and the surrounding region.