One market’s loss is another’s gain
Thursday, December 21st, 2006The local real estate market nearly screeched to a halt in late 2005, said Alvin Arner, a real estate agent with Coldwell Banker Residential Real Estate in Stuart, Fla., and has since been climbing back toward normal conditions.
There was a temporary standstill in 2004, too, after the double blow of hurricanes Frances and Jeanne in the area. The “snowbirds” — property owners and vacationers who travel to Florida from colder-climate areas — have been slow to return. Speculators have mostly skidded out of the market, new construction projects have slowed down, and prices have retreated about 15-20 percent, said Arner.




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