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06-09-2008, 03:42 PM
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Waiting to pick up the pieces from the crash
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Join Date: Oct 2006
Location: Key Largo
6,265 posts, read 5,465,621 times
Reputation: 2048
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Curreltly what is the most overpriced part of Florida?
I tend to say Key West, but Miami is pretty overvalued as well. Any other ideas of the places in Florida with the most absurd property values?
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06-09-2008, 03:48 PM
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Moderator
Status:
"Merry Christmas"
(set 3 days ago)
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Join Date: Jan 2007
3,396 posts, read 2,940,725 times
Reputation: 803
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Naples maybe?
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06-09-2008, 04:52 PM
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Real Estate Agent
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Join Date: Dec 2007
Location: North Port
2,922 posts, read 2,026,161 times
Reputation: 504
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I was thinking Naples or Key West.
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06-09-2008, 05:23 PM
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Senior Member
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Join Date: Jun 2007
968 posts, read 381,906 times
Reputation: 409
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In addition to Key West and Naples, I would add:
Sarasota/Bradenton/Venice Area
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06-09-2008, 05:29 PM
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ELOHINO DOHIYI GESESTI
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Join Date: Jul 2006
Location: Florida Space Coast
3,608 posts, read 2,769,012 times
Reputation: 1972
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West Palm Beach!!!!!!!
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06-09-2008, 08:08 PM
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Retired
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Join Date: Jun 2006
947 posts, read 1,153,583 times
Reputation: 417
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I'd say Key West. There are some parts of the barrier islands in Pinellas where people still think they own $1,000,000 1Br. condos. That always brings a smile to my face.
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06-09-2008, 08:40 PM
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Merry Christmas everyone!
Status:
"COLD!!! YAHOO!!!!!!!!!!!!!!"
(set 2 days ago)
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Join Date: Feb 2008
Location: Estero, FL
1,611 posts, read 1,152,338 times
Reputation: 372
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Most of it....
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06-09-2008, 10:39 PM
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Waiting to pick up the pieces from the crash
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Join Date: Oct 2006
Location: Key Largo
6,265 posts, read 5,465,621 times
Reputation: 2048
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Yes the entire state is overpriced. I am wondering where the first area to be properly valued will be. For now it's easiest to find the most overpriced.
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06-10-2008, 08:12 AM
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Senior Member
Status:
"Cold WHITE Christmas in NY"
(set 2 days ago)
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Join Date: Jun 2008
Location: where my heart is
4,218 posts, read 1,931,631 times
Reputation: 1191
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Naples is dropping hard and fast
Quote:
Originally Posted by doggiebus
Naples maybe?
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The condo where we used to live was selling for about $200,000 in 2005. Two units recently sold a few months ago for $95,000 and, ready for this, $55,000.
We bought a single family house in a golf community. In 2006 it was listed at $460,000. We paid $285,000 last December. |
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06-10-2008, 11:41 AM
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Moderator
Status:
"Merry Christmas"
(set 3 days ago)
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Join Date: Jan 2007
3,396 posts, read 2,940,725 times
Reputation: 803
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I read someplace recently that Naples overall was the most expensive place in the state to live. Which surprised me, but made since after I thought about it for a minute. Probably based on a few things, cost of living, home prices, lack of high end jobs to support the area, more retired people, etc. Glad to see that home prices are coming down there too, they will only continue to fall the next 6 months. So that home you bought for $285k will still be dropping, sorry to tell you.
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