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Water woes impact home sales for October

Posted: 7:02 PM, Nov 13, 2018
Updated: 2018-11-14 04:29:49-05
Water woes impact home sales for October

The end of Florida's water woes, at least for this year, seem to be finally here.

"Glad to be back," Tracy Pascarella said about her return to the beach.

Everyone seems to be happier about the water these days.

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Some realtors are definitely happy to see conditions improve.

"Yes, Oh my gosh. First off my eyes and lungs feel better," said Realtor Holly Meyer Lucas with Meyer Lucas Real Estate in Jupiter.

Her closings in October were not very good.

The East Coast red tide started at the end of September into October. Today Meyer Lucas crunched her numbers for us.

"Two-hundred and twenty homes," Holly said of her October condos under contract.

She started in 2013 here in South Florida.

"Averaging about 900 transactions consistently. This year for the month of October we had 220," said Meyer Lucas as she looks over her numbers.

She says it was the water issues, whether that's red tide, blue-green algae, or maybe even flooding issues in South Florida.

"It puts us in a bad position because we can't empower our buyers with knowledge because nobody knows what the fix is or the impact is," said Meyer Lucas.

The good news in all of this is red tide is so rare on the east coast.