[TrudyM]

I am not saying it isn't great here. I am not attaching your lovely community. I am not saying that the demand to come here is not going to continue.
I was asking if people thought that the speculators were artificially causing the prices to hike above what demand would normally support.
I am a number cruncher, when I started putting the listings of pre-owned in a spreadsheet in order to determine patterns I noticed a considerable number of listings that had been purchased within the last 24 months that were for sale listed at 30 to 50 thousand (or more)above the purchase price recorded in the county records. Most people do not buy a place and then resell in a year or two especially if they rented it out in the interim and I recognized some from my rental search (I have over 300 rentals in a spreadsheet).
I am also not referring to those on my list that were purchased in 2005-2008 and are listed at 75 to 100 thousand over what they paid (also a huge hike but not the point) and are likely to have made improvements. I by the way subtract the bond from the price listed when it shows bond pd as to be comparing apples to apples none of what I consider may be speculator listings on my list pd off the bond unless it already was.

Example from the paper today: 2959 DUKE TER Sanibel purchased Dec 2012 for $209,699 now listed for $299,000 selling turnkey but was purchased as a model furnished. Listed just after the 1 year villages prohibition on resales for profit.
------2923 Braddy Ct-Sanibel - Sold nov 2012 $465,700 now listed mls $648,500 has added a pool and birdcage.