FSBO FLORIDA REAL ESTATE

Ah, the Sunshine state.  Just the thought makes me think of wide beaches, but how are real estate sales doing in Florida?  Is buying or selling a FSBO home doable in Miami, Orlando, Tampa and other wonderful spots?  

Let's do some spot checks.

WINTER PARK
According to Tanya Snider-Zink, a real estate agent with AmeriTeam Realty, Inc., prices are down about 25-30% from last year, but they are now (summer 2008) holding up well.

According to Tanya, there are about an equal number of buyers and sellers.   Schools in the area are good, and there is job growth.  The average sold price in August, 2008, is $225,000.  

Winter Park is near Orlando, but it's more genteel and real than tourist mecas tend to be, so it's a great place to live if you are in that part of Florida.

SAINT AUGUSTINE
According to Ted Tyndall, Jr., with Davidson Realty, Inc., there are more sellers than buyers, and sellers are receiving about 85-90% of their asking price.  The average sold price during the summer of 2008 is $275,000.  Ted says the area is experiencing population growth.  A good omen for the future, don?t you think?

MIAMI
According to Stuart Varney with Fox News, housing prices have dropped 28% here this year.  However, Stuart's July, 2008, report was not all gloom and doom.  He also reported that prices were down enough that houses were beginning to move again.

KEY WEST
Douglas Miller with AmeriRealty Corp. says that, in mid summer 2008, this area is an active seller's market with strong demand by retirees and people purchasing a second home.  The average sold price is about $738,000.  Key West is very beautiful, but probably best suited for those of us with lushly lined pockets!

NAPLES
Naples is another beautiful area, and with an average sold price of $475,000 in the summer of 2008, it's more affordable than Key West.  Michael Lissack with Downing-Frye Realty says that it's generally taking properties more than 120 days to sell, but they're bringing roughly 95-100% of their asking prices.

JACKSONVILLE
During the summer of 2008, houses are usually on the market between 90 to 120 days according to Brenda Miller with Watson Realty Corp.  The average sold price is $225,000 with sellers typically getting about 90-95% of their asking price.

VENICE
This is only anecdotal, but on a trip in May 2008, we saw some very attractive waterfront properties for sale in this lovely city for about $195,000 to $300,000.  We had a casual conversation with a real estate agent at a nursery (he was buying a house warming present for a client) in which he indicated that prices had fallen to the point at which things were beginning to sell again.

Well, that's it.  FSBO sellers in Florida can take heart that real estate sales are alive.  Miami is slow, but homes are beginning to move.  The Orlando area is better, and Key West still tends to be a tad pricy.

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