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Undervalued Markets in Real Estate

Posted: January 28, 2010

In a recently released study by IHS Global Insight and PNC Financial Services, only 87 real estate markets qualify as "overvalued" nationwide.
Additionally, 242 out of 299 large housing markets are undervalued - meaning now is the time to buy! Among these markets is Cape Coral - properties in this area are selling at an average of 36.8 percent LESS than their estimated fair market value.

Below is a quick list of the top 10 undervalued cities, as provided by the study. Results are based on "a comparison of median home prices, local interest rates, population densities and income, plus historic premiums or discounts".

* Las Vegas, NV (-41.4%)
* Vero Beach, FL (-39.8%)
* Merced, CA (-37.7%)
* Cape Coral, FL (-36.8%)
* Houma, LA (-34.6%)
* Port St. Lucie (-33.3%)
* Warren, MI (-32.3%)
* Vallejo, CA (-31.9%)
* Modesto, CA (-31.8%)
* Stockton, CA (-31.8%)

As always, please feel free to contact me at 239-357-9558 with any of your Real Estate needs or questions. Rgds, Jay

Information for this article courtesy of CNN Money, and Realtor.org.

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program (BR Program) of M.L.S. of Naples, Inc. Properties listed with brokerage firms other than Downing-Frye Realty, Inc. Realtors are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the listing brokers. The properties displayed may not be all the properties available through the BR Program.