Central Florida Real Estate Happenings -- The Market is Landing, NOT Crashing.

The Florida real estate market is coming in for a landing just like I told you a while back......not a crash and burn...

Here are the facts:

• Sales of pre-existing homes in July 2007 were at 11,674 right in line with pre boom years,
  if just a little low.
• In June 2007, the median national sales price for a home was $230,300, which is UP .1
  percent from the previous year. How's THEM apples??
• "Existing-home sales should be relatively stable over the next few months, holding in a
  modest range, with some pent-up demand growing from buyers who've been on the sidelines,"
  says NAR Senior Economist Lawrence Yun. Even though he said that sales could be temporarily affected
  by recent mortgage industry disruptions, Yun added that the "fundamental momentum clearly
  suggests stabilizing price trends in many local markets."

Here are the Florida statewide sales statistics by area.......

Florida Sales Report - July 2007
Single-Family, Existing Homes

Realtor Sales Median Sales Price
Statewide & Metropolitan July July % July July %
Statistical Areas (MSAs) 2007 2006 Chge 2007 2006 Chge

STATEWIDE* (1) 11,674 15,378 -24 $237,500 $250,400 -5
STATEWIDE-YEAR-TO-DATE 83,876 117,336 -29 $239,700 $249,600 -4

Daytona Beach (2) 529 706 -25 $203,800 $214,400 -5
Fort Lauderdale 559 721 -22 $373,700 $380,400 -2
Fort Myers-Cape Coral 426 694 -39 $246,100 $264,600 -7
Fort Pierce-Port St. Lucie 371 400 -7 $231,300 $259,000 -11
Fort Walton Beach 257 257 - $228,800 $244,400 -6
Gainesville 319 299 7 $199,200 $219,800 -9
Jacksonville 1,160 1,492 -22 $198,000 $211,300 -6
Lakeland-Winter Haven 253 419 -40 $172,600 $178,500 -3
Melbourne-Titusville-Palm
Bay 458 540 -15 $195,800 $219,500 -11
Miami 505 673 -25 $377,400 $382,200 -1
Naples-Marco Island* (3) 26 26 - $540,900 $527,800 2
Ocala 236 525 -55 $166,500 $177,200 -6
Orlando 1,484 2,281 -35 $258,000 $266,800 -3
Panama City 136 153 -11 $216,000 $229,200 -6
Pensacola 427 432 -1 $173,600 $169,200 3
Punta Gorda 185 286 -35 $179,600 $226,200 -21
Sarasota-Bradenton 711 739 -4 $277,700 $315,400 -12
Tallahassee 402 467 -14 $167,600 $172,800 -3
Tampa-St. Petersburg-
Clearwater (4) 2,068 2,871 -28 $215,600 $232,200 -7
West Palm Beach-Boca Raton 605 714 -15 $372,200 $390,100 -5

(1) *Statewide figure includes data from the Naples Area Board of Realtors
and Association of Real Estate Professionals.
(2) Data from the New Smyrna Beach Board of Realtors is not available.
(3) *Data is only from the Marco Island Association of Realtors.
(4) Data from the Hernando County Association of Realtors now included in
the totals from 2006 and 2007.

• As you can see MOST area sales are down less than 25% compared to last year.
• Most sales prices are down MUCH LESS than 10%.

So, when everybody starts to talk about all the DOOM and GLOOM in the real estate market,
You have the facts now..... TELL THEM!!!

This good factual news about Florida statewide real estate trends is brought to you by:

Alexander Harb PSEM®, E-Agent®
The Knights Team Sales leader

Beach and Luxury Real Estate