Aug 12, 08, Monticello, Fl Real Estate Values, Good Life in Monticello, Fl,

A magical morning it was when I got and went outside to get in the car and a doe and her two young fawns where grazing under our pear tree.
They just stared at me for a few minutes and wandered off into the deeper woods. My little corgi just sat about fifty feet away and paid no attention.

At the Chamber of Commerce meeting this noon at the Chamber building (an old wooden church in excellent condition). There were about 40 business people and politicians gathered for one of Mary Francis's famous lunches. Today it was Greek Salad, fresh green beans, beef mac, garlic bread and a brownie with ice cream and chocolate sause with iced tea. Talk was mostly an exchange of ideas mostly about eco tourism and the Wacissa Spring and River. It was a healthy and interesting discussion. At these meeting you can get a lot of business taken care of while you enjoy the meal and discussion.

A bright young lady real estate agent told me about a closing whe hope to have tomorrow. It was a very nice new house on five acres near town with fireplace, paved drive on a paved road that was listed for about $360,000 about six months ago. The price was reduce about 30 days ago to $295,000 and it is now under contract for $265,000. I believe a the numbers are correct. If not they are very close and certainly give you an idea what the market is like. In short the market is down about 30% from the top.

At least we know there is a market out there at the right price.

Rentals are coming available. I have a number of nice 1 bedroom 1 bath apartments, a 2 bedroom 1 bath cabin in the woods, and a 2 bedroom 1 and 1/2 bath single wide with five acres of pasture available.

Nice rain this afternoon. It will be pleasant to go home and read my papers shortly. All the Best, Tm

Real Estate Price in Jefferson County, F

There seems to be a lot going on. People running for office, the Chamber of Commerce drawing for $500 was today and Todd and Melodie Randall won, plans for a jazz festival on Oct 18, and a tough real estate market.
I just got off the phone with one of my clients telling him his property has depreciated to about 50% of what he is asking for it (and he has a 90% mortgage on it). Not good news another client, who had her listed with me for $122,000 3 years ago now it is listed for $89,500. We just turned down an offer for $75,000. There are buyers out there, but not at 3 year ago prices. It is more like 7 year ago prices. There are some good opportunities out there (see http://www.timpeary.com/). You can make a sensible buy today.

There seems to be some softness in the residential rental market too. That may just be due the end of the summer and be beginning of the school year. I have some attractive rentals now (1 bedroom 1 bath modern apartment for $525 per month// 3 bedroom 2 bath house (a little rough) on a big shady lot in town for $650 per month// a 2 bedroom 1 bath cabin on 3 acres for $750 per month).

My horse Link is doing well. He enjoys most of all being hosed off and eating pears from our old hard apple tree. I usually apple him after dinner and change is water so it is nice and cool. It is nice way to end the day.