As others have stated, it is a supply and demand situation:
If there are x number of homes in a concentrated area of a particular part of FL where there are "currently normal" numbers of foreclosure, short sales, etc. and demand for all the homes is low, the prices will reflect that scenario. On the other hand, mirror that same thing with lower-than-standard numbers of foreclosures and short sales and throw in high demand (regardless of the reasons for the high demand), prices will be higher. So far in TV, the demand is generally ahead of the supply.
Bill
