Amanda Wilson

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Facts and TrendsTM
Published Feb. 2009
Location : Broward County
Number of Homes For Sale vs. Sold
Price Range: $0 - No Limit
SQFT Range: 0 - No Limit
All Res. Proptypes - All Properties		Prepared for you by: Amanda Wilson, PA

	1 year	15 months
	Jan 08	Jan 09	% Change	Nov 07	Jan 09	% Change
For Sale	33595	28544	-15%	34078	28544	-16.2%
Sold	832	1155	38.8%	967	1155	19.4%
Pended	1178	2044	73.5%	985	2044	107.5%

Facts and TrendsTM
Published Feb. 2009
Location : Broward County
Average Home Sold Price per SQFT
Price Range: $0 - No Limit
SQFT Range: 0 - No Limit
All Res. Proptypes - All Properties		Prepared for you by: Amanda Wilson, PA

	1 year	15 months
	Jan 08	Jan 09	% Change	Nov 07	Jan 09	% Change
Avg. Sq. Ft. Price	196	129	-34.2%	209	129	-38.3%

Facts and TrendsTM
Published Feb. 2009
Location : Broward County
Days on Market & Sold/List Price %
Price Range: $0 - No Limit
SQFT Range: 0 - No Limit
All Res. Proptypes - All Properties		Prepared for you by: Amanda Wilson, PA

	1 year	15 months
	Jan 08	Jan 09	% Change	Nov 07	Jan 09	% Change
Avg. Days on Market	120	103	-14.2%	123	103	-16.3%
Sold/List Diff. %	92	90	-2.2%	92	90	-2.2%

Facts and TrendsTM
Published Feb. 2009
Location : Broward County
Avg Price For Sale & Sold
Price Range: $0 - No Limit
SQFT Range: 0 - No Limit
All Res. Proptypes - All Properties		Prepared for you by: Amanda Wilson, PA

	1 year	15 months
	Jan 08	Jan 09	% Change	Nov 07	Jan 09	% Change
Avg. Active Price	418	360	-13.9%	421	360	-14.5%
Avg. Sold Price	316	189	-14.5%	352	189	-46.3%

Facts and TrendsTM
Published Feb. 2009
Location : Broward County
Months of Inventory Based on Closed Sales
Price Range: $0 - No Limit
SQFT Range: 0 - No Limit
All Res. Proptypes - All Properties		Prepared for you by: Amanda Wilson, PA

	1 year	15 months
	Jan 08	Jan 09	% Change	Nov 07	Jan 09	% Change
Months of Inventory (Closed Sales)	40.4	24.7	-38.9%	35.2	24.7	-29.8%

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THERE IS NO DOUBT THAT INVENTORY IN SOUTH FLORIDA HAS GONE DOWN AND IT IS BECOMING MORE AFFORDABLE TO BUY AND LIVE IN SOUTH FLORIDA...IT'S BEEN AN ESPECIALLY COLD WINTER IN THE NORTH EAST--AND IT MAY BE TIME TO START THINKING ABOUT BUYING PROPERTY AGAIN--IN A WARM AND SUNNY CLIMATE LIKE FORT LAUDERDALE...PLEASE CONTACT ME IF I CAN ASSIST...AMANDA WILSON (954.790.0377)

The stock market opened yesterday (3/3/09) about 50 points up...CNN was calling it a rally! Is this where the market is now...calling an up of 50 points a rally? Now, the stock market is below 7,000 and many, many investors are asking when will it end...where is the bottom? Many have lost their life savings...college tuitions for their children...retirement relief...! We all see the trend...downward! On a positive note, we also realize -- it's gotta go up at some point. I believe investors are mad--Mad they lost so much of their savings--Mad the banks are getting bailed out--Mad at the ponzi schemes (Madoff for one)--There is definitely a lack of confidence in all investors and consumers....Many people are hiding...hiding their investment portfolio updates that arrive in the mail--they don't want to know. Some people have just stopped watching the day-to-day bleeding of the stock market....Many people just don't want to know--they are MAD as hell. Afraid and mad! However, ignoring the market will only give you temporary relief....Many investors are just waiting for word that the market has bottomed...but now they'll need hard evidence of the bottom...After looking at the stock market, real estate looks like a kinder, gentler way to invest--at least you are buying something tangible...I suspect life, investments, the economy may look a little more postive in 6-8 months....! Keep going.

Where else can you find such beautiful weather all year round--it's South Florida, naturally! Finally, home prices are becoming more affordable once again....In the 1990s, people would come to Florida (and many bought property) because it was reasonably priced and many people could afford a second home in Fort Lauderdale at that time. Then, suddenly (almost overnight) the housing prices in Fort Lauderdale jumped--and kept going up and up--even though annual salaries did not; hence, soon it became too expensive to live in South Florida. Well, that's changed now! You can get some exceptional deals--right on the beach. A few years ago during the height of the market (April 2005+), you would never have seen these deals. I watch the market everyday and just can't believe how low some of our best properties have become. It's an incredible time to buy property in South Florida right now! There a lot of good inventory and the prices are the best that I've seen in years!

Per the National Association of Realtors (February 25, 2009), Florida's existing home sales rose in January--making it the fifth month in a row that sales activities showed increased in the year-to-year comparison. Existing home sales rose 24% last month with a total of 8,450 homes sold statewide compared to 6,810 homes sold in January.

In the Sun-Sentinel (February 26, 2009), reports are that existing sales in Broward County increased 52% last month--to 467 from 307 a year ago. The median home price slid to $191,000 down 39% from January 2008's $314,200! This marked the first time in 7 years that Broward's median was BELOW $200,000! These numbers are again making South Florida a much more affordable place to live. With low interest rates and the tax credit ($8,000) going to first-time home buyers, the picture is looking brighter.

Experian will no longer be providing FICO scores at all. Most banks will be working with two scores, instead of the three. In addition, private mortgage insurance companies have raised the minimum score required for loans with LESS than 20% down to 680 on conventional loans. If you are a buyer, pull your credit score and know what this means to you before you start looking...a good place to go to pull your credit (FREE once a year) is www.annualcreditreport.com.

Of course, there is still FHA with a minium of 580 FICO score. FHA loans are a great way to go and appear to be taking less time and a bit easier than previously detailed--since more lenders are using the FHA as the way for buyers to go!