[Mike Peterson]

Originally Posted by hiknapster

The slight increase in April prices in Fort Myers doesn't tell the whole story. I also think that things became much worse in the past few weeks.

From last week's News-Press:

"Collier County is No. 1 and Lee County is No. 6 on a nationwide list of housing markets where prices are most likely to fall during the next two years.

Local real estate experts said the trend is down here — but expect a lot of variation in how different communities and types of homes do as overall prices unwind."

And this:

"John McIlwain, senior resident fellow for housing at the nonprofit, Washington-based Urban Land Institute, said prices will do poorly in areas where there’s a lot of unsold homes still on the market. There’s an unsold inventory of about 15,000 homes in Lee County, about four times what it was a year ago.

Another thing working against Southwest Florida is that while there’s a strong employment market, it’s mainly low-paying jobs in retail or services industries that don’t pay enough to buy most houses, he said."

The News-Press: Real Estate

Well I guess we will have to wait for June 25th for May's numbers to come out but this shows that not everywhere is going down.

[hiknapster]

I'm even more interested in June's.

[Mike Peterson]

Well those will be out July 25th

[hiknapster]

Thanks for letting me know that, Mike. I appreciate it!

[afghan67]

Originally Posted by Mike Peterson

That is why median sales price is used not average sales price.
Many,many more lower to mid range homes are sold than upper end homes.
The median gives the truer picture.

If more luxury homes are being sold vis-a-vis "normal" homes that in an average year, which is what the article says is happening, it would still skew median prices higher.

[ddlove01]

Your posts are usually very entertaining, but I think this was a little unnecessary. We are talking about the market here, not wishing bad luck to people that aren't in your zip code. That's uncalled for.

Originally Posted by kort677

I don't give a flying fig about what is going on in tampa, I don't live there, I can safely say I'll never live there and if the gulf rises and swallows tampa, st. pete down to ft myers, I wouldn't give it a second thought.

[kort677]

Originally Posted by Mike Peterson

Well I guess we will have to wait for June 25th for May's numbers to come out but this shows that not everywhere is going down.

they are not interested in hearing about facts that dispute their preconceived and flawed conclusions

[kort677]

Originally Posted by ddlove01

Your posts are usually very entertaining, but I think this was a little unnecessary. We are talking about the market here, not wishing bad luck to people that aren't in your zip code. That's uncalled for.

I think you missed the point and are just reading it out of context, what I am trying to say is that telling me what real estate values are doing in Tampa has no meaning to me in JAX, it's comparing apples to oranges, two different places two very different real estate markets

[lostbuyer]

Originally Posted by kort677

they are not interested in hearing about facts that dispute their preconceived and flawed conclusions

im interested in facts....show me some.........

[Mike Peterson]

Originally Posted by lostbuyer

im interested in facts....show me some.........

47.3% of the major makets in Florida showed an increase in median sales price in April.
In March it was 32%.

Just the facts maam