According to Donald Trump’s Trump University, there have been nine cycles in the real estate market in the last 150 years.

We got together last week with some of our Realtor friends in Sarasota, Las Vegas, Los Angeles, and Greenville, South Carolina to do a press release about the state of the real estate market in our respective areas.

Since we are having such a good spring as far as tourism, and Myrtle Beach real estate sales are also doing much better, I wasn’t surprised to hear things were similar in other resort areas. There were a few things I hadn’t thought of though.

Diann Tonnesen says that investors are watching the foreclosures and low-cost deals in Vegas and snatching them up quickly…sometimes to the annoyance of regular buyers! She says that many of the houses are half the price that they were in the boom, and multiple property offers are not unusual. She said that even some Trump Tower condos were going for 30 to 50 Cents on the dollar.

Lee Cunningham in Greenville, SC reports that they have seen an increase in sales, but their property values have actually increased slightly. Money Magazine predicts that Greenville will be one of the first areas to recover from the current housing crisis.

Fran in Los Angeles says they are number three in the nation for the highest foreclosure rates, and it’s bringing in the investors as it is in Las Vegas. I think California probably had the biggest increases in price, and have the most far to fall. However, with their perfect weather and the world’s technology headquartered in the state, it’s always going to be a preferred place to buy and live.

Beautiful Sarasota Florida is once again coming to life, according to Annette Smith. The luxury golf communities are continuing to prove the most popular in an area where the scenery is so eyepopping everywhere.

Myrtle Beach golf is always at a peak in the spring as well. Those living in the cold north are always anxious to see the sunshine and warmth of the south.

See the full press release about our Resort Real Estate Trends.