Hard numbers. I'll do what I can
I don't think there is any way to identify potential buyers as depending on sales means they acted (the price/resort was right) while maybe 1, 2 or 100 didn't buy because the price was wrong, the resort was wrong, whatever.
The really troubling number is the shear number of sales offered vs completed sales. It is in the 100's or even thousands to one. Then average prices, already low, dropping more. It just isn't pretty. But a great time to be a serious buyer.
However, information is the key to any good discussion/theory so I am asking for hard numbers for Orlando. I hear something may be available after the taxes go out Sept 20. If i get it I'll gladly pass it on.
You are looking at only one side of the equation. Your assumptions about no buyers is where your problem is. Any numbers to justify that assertion are still missing. Without numbers on both sides, there is no basis for your assertions. I would suggest narrowing it down geographically to make counting feasible. That is why I looked at an area I am familiar with, two resort towns on the OBX. When you compare sales this year with past sales or with weeks being offered for sale, it shows that your theory does not apply on the OBX, or at least this part of the OBX. I suspect that you will find lots of other areas that real numbers disprove your theory. But it is like other real estate, there are indeed probably some distressed areas out there.
You are the Orlando expert, so why don't you give us some real numbers, on both sides of the equation, for Orlando?
I don't think there is any way to identify potential buyers as depending on sales means they acted (the price/resort was right) while maybe 1, 2 or 100 didn't buy because the price was wrong, the resort was wrong, whatever.
The really troubling number is the shear number of sales offered vs completed sales. It is in the 100's or even thousands to one. Then average prices, already low, dropping more. It just isn't pretty. But a great time to be a serious buyer.
However, information is the key to any good discussion/theory so I am asking for hard numbers for Orlando. I hear something may be available after the taxes go out Sept 20. If i get it I'll gladly pass it on.