$186,500.00 128 Pelican Rd. Saint Augustine, FL 32086 Beds: 3.0 Rooms: 0 Baths: 2.00 Sq. Ft.: 1618.00 Garage: 2.0 Built: 2001   This is a new listing that I thought you might be interested in. Visit this listing online to see more photos of the property, Google Earth satellite images, and much more.   If you have any questions about this property or require more information, please feel free to call. Craig Radley Watson Realty Corp., Realtors 904-540-7767 www.preferredcoastalproperties.com     Visit this listing at Here

Well, I called the bottom last month, and August is supporting that...Of the 3 micro markets I look at in St. Augustine, (Anastasia Island, The Shores, and The South) all 3 had positive growth months over August '07.  Don't get me wrong, it remains a buyers market, but one that is stabilizinz.  There are INCREDIBLE deals out there, and break even to positive cash flow investmnet opportunities.  For the re-habbers, I'm seeing tremendous opportunities and money on the table for those with the skill and resources to take on big projects.  Foreclosures are not being bought on the courthouse steps, and being listed by agents at BIG discounts.,   If you've been thinking of investment real estate, or of buying a new home PULL THE TRIGGER and get in the market!  The rental market is also fantastic, because the credit crunch has kept many would be buyers out of the market, and the economic crunch is causing many to lose their homes or their good credit, thus keeping them from buying.  Rents for the prime properties can be increased!  I personally had great demand for my condo when I raised the rent $100 / month this summer.

    I'm seeing great signs that the market is improving locally.  Anastasia Island seems to have stabilized, with monthly sales mimicking 2007's like month #'s.  It's my belief that the county's data will "catch up" as all the new construction that's currently under contract gets reported as sold.  I closed 5 new homes in May, and with them leading the market in value, I believe that most people bought new in the past 6 months, rather than resale homes.  As these are built and closed, our data will improve.