Worst & Best Real Estate Markets

**Macheath** · 10-16-2009, 07:54 AM

I am extremely interested in knowing everyone's view on which market (city) is the worst and which is the best.

I know West Palm beach in Florida took a hit like no other thanks to Bernie the Bandit.

Would love to hear everyone's insight into this.

I am located in Tallahassee, Fl which has not been hit as hard as the rest of the country. I presume it has to do with all of the state jobs and the three colleges.

Cheers!

**Moore** · 10-17-2009, 12:15 AM

NY is the worst just because it's expensive and still the demand is rather there all the time.

**Notactingmyage** · 10-17-2009, 06:52 AM

Of the big cities, Detroit has to be the worst. Reasonably nice, post WW2 working class neighborhood homes are selling now for $6,000 to $8,000. No jobs; economy sucks. Of course there are countless other places where property is virtually unsellable at any price (drug and crime ridden slums in all large cities, rural small towns with no job opportunities outside of agriculture, etc.) So "worst" can cover a lot of territory depending on your perspective and intent with the question.

And "best" is similarly subjective. Best in terms of highest price (= most demand?) would have to be places like Manhattan NY and oceanfront property almost anywhere. Best value is a different matter altogether... and is in the eye of the beholder.

**Nick Brian** · 10-17-2009, 10:43 AM

Hi I don't know that well about Florida but I know a lot about Santa Cruz Ca. It's the sunshine land and property price always increasing in nature. The place and price are both hot. If you want to do some business I suggest you come to California and have alook. Nick Brian.

**Olympia Homes** · 10-21-2009, 01:17 AM

NY might be the worst because the properties are truly expensive but it has the properties that most business would like to live with. Specially the condominium there.

**dpylyp** · 10-22-2009, 05:15 AM

We have a Seller's market here in Toronto with less than a one month suppy of inventory making every listing a multiple offer.

Better to have a balanced stable supply, allowing to move prices modestly with demand.

http://www.youtube.com/watch?v=GvI4EL9Aw8k

What would you this is the ideal situation?

The Buyers have a chance to look through the available inventory
The Sellers have a moment to consider choices in selling.

**Macheath** · 10-22-2009, 06:12 AM

Wow, that is unreal David. Seems you set up shop in the right city. First, person I have heard from that is back in a "sellers market." Lets hope it spreads nation wide!

Cheers!

**landmarkhq** · 11-03-2009, 05:53 PM

Detroit is pretty bad, I'd stay away from it no matter how cheap the real estate is.

Chicago on the other hand, is probably worth looking into. Strong economy and a TON of opportunities.