During the last half year there is growing evidence that home prices in Southwest Florida have or are stabilizing. In Tampa, prices have actually fallen 0.7% in March 2014 over February. However, that small change shows that while there are still a significant number of sales, the balance between available homes for sale and those selling is just about right. All signs point to a continuation of a return to normal real estate appreciation rates of between 1-3% annually.
About Jim Mulligan
Jim Mulligan was born in New York and grew up in New England. He began his professional career as a meteorologist in the power generation industry. In the 1980s, Jim bought a small lawnmower dealership in North Carolina and within the first year became one of the top ten Honda Power Equipment dealers in the United States. Jim added motorcycles and other recreational items to the store’s inventory. Over the next several years he increased sales six fold. Jim is an avid sailor. He moved to Florida after selling his North Carolina business to take advantage of the area’s great sailing. He has cruised the waters of Charlotte Harbor and has found excellent anchorages near Captiva, Pine Island and Gasparilla Island.