What can you buy for $100,000 or less?

Distressed properties selling for less than $100,000 have been the cornerstone of the Southwest Florida Real Estate market since the onset of the Great Recession. But since the beginning of this year, the percentage of homes selling for that price range has been shrinking from Parrish to Punta Gorda. And with the absence of these low-end sales, average prices have been rising. Average prices have risen 20 percent during the same seven-month period. So they are looking at buying real estate at a point in time when prices have dropped by as much as 50 percent, the rental market is strong, and mortgage rates are at historic lows. In Sarasota, the percentage fell from 32 percent to 26 percent. That means what was once a buyer's market, where buyers could dictate the terms of the sale, has turned into a seller's market. Those numbers will creep up even further in September and October, which will cause inventories of Homes for Sale under $100,000 to creep back to January and February levels. Homes for Sale