elgordoboy
Beach Fanatic
And we don't need or want all affluent or non affluent buyers to try to buy here. Just a few.
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How low can it go?
- Thread starter flyguy
- Start date
And we don't need or want all affluent or non affluent buyers to try to buy here. Just a few.
beachmouse
Beach Fanatic
I live in Niceville because it's convenient to Mr. Mouse and my place of employment. And ended up in the general area because it was the first offer one of us got when we were trying to get the bleep out of Tennessee.
It's a good place to live, and we've got no concrete plans to leave. But if a better offer came along in a bigger city, then we'd move on.
It's a good place to live, and we've got no concrete plans to leave. But if a better offer came along in a bigger city, then we'd move on.
Bobby,
There are very nice oceanfront areas that are still valued well under 30A. Examples include the Palm Coast area of Florida (oceanfront lot in beautiful ocean front golf community for $999k http://www.hammockdunes.com/viewlot.asp?ID=198versus $2 million for similar properties in planned communities along 30A or oceanfront home for $999k http://www.bobvila.com/RealEstate/Property-537281635.html), or how about Amelia Island Plantation, and georgeous, uncrowded oceanfront resort with tremendous golf courses (5300 square foot home for $1.9 million http://realestate.aipfl.com/details.cfm?id=367when similar type listings in Watercolor, Watersound or Rosemary would be listed for over $3 million) or Marco Island, Florida (http://www.marcoisland.com/realestate/homesearch/homesearch_details.asp?LID=28227. The list goes on, and on including Hilton Head, Nags Head, Wild Dunes, Kiawah, etc, etc.
There are plenty of great places with as good or better values than along 30A. Beauty is in the eye of the beholder--some people love the panhandle, some don't. I do prefer 30A to any of those places but have plenty of friends that do not agree.
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Bobby J
Beach Fanatic
I like your avatar
. Prices will continue to drop and A properties will continue to go under contract and folks that have always wanted into this market will stand on the side line and watch the whole cycle happen over again. If I was a buyer trying to get into the beach market (near 30A), I would be watching very close. I would be prepared to pull the trigger on some of these really good buys. I am talking about location, amenities, beach access, price, etc. We are getting calls from folks that are going to begin to move money around and RE at these prices seems to be attracting them back to the beaches.
seaside2
Beach Fanatic
GaDawg
And I assume that the tar is your pic??
Please tell me it is, please!!
Bobby,
You are sort of right, I think. People DO need to keep their eyes open. They need to take a holistic approach to the purchase of property. You gotta add up the tangibles and the intangibles.
If you are (and I love this word) an inspeculator, then you may very well want to make very sure that things are definitely on their way up. Even if you don't buy on rock bottom, you need to be sure of the general trends and be able and willing to ride out a few bumps.
If you are looking towards long term investment, family funn, and all that, then you judge things differently.
But you know all this, you've been around a while and are good at what you do.
IMHO (Maybe not so humble), the bottom ain't here yet. You have to take into account that this is a presidential election year and nobody in their right mind trusts anything anyone in politics says or does during the next 12 to 18 months.:roll:
So there!
And I assume that the tar is your pic??
Please tell me it is, please!!
Bobby,
You are sort of right, I think. People DO need to keep their eyes open. They need to take a holistic approach to the purchase of property. You gotta add up the tangibles and the intangibles.
If you are (and I love this word) an inspeculator, then you may very well want to make very sure that things are definitely on their way up. Even if you don't buy on rock bottom, you need to be sure of the general trends and be able and willing to ride out a few bumps.
If you are looking towards long term investment, family funn, and all that, then you judge things differently.
But you know all this, you've been around a while and are good at what you do.
IMHO (Maybe not so humble), the bottom ain't here yet. You have to take into account that this is a presidential election year and nobody in their right mind trusts anything anyone in politics says or does during the next 12 to 18 months.:roll:
So there!
trying2makeabuc
Beach Comber
My wife and I looked long and hard before we bought in Destin. In fact, she was on Sanibel when she called me and said that the beach there was nothing like the beach was here, very few amenities and only one way on and off.The season is January to April and that's it. No family activities. We rejected Sanibel regardless of price. Nonetheless, I also looked at the condo in the ad. It's more than $300/ SF. Doesn't even raise an eyebrow.
As to Amelia. It is very comparable to Destin as to price. We liked it. About the same distance to Atlanta. Not as convenient of course for SW and Midwest folks. The big problem? It is in the gnat zone. There are a lot of bugs there. We decided to get a similar product in a better environment.
Palm Coast has grown like crazy. May truly be a better value than Destin, certainly off the beach. But I want on the beach. So, if there is one decent (read not Galveston) place in the United States that rivals Destin, I say that we are in a darn good place. As to prices, they might go lower. I doubt it. But they are going to be twice as much in 10 years. Why? Desirable area, 32 million people w/i an easy days drive, 9 months a year season, baby boomers retiring.
As to Amelia. It is very comparable to Destin as to price. We liked it. About the same distance to Atlanta. Not as convenient of course for SW and Midwest folks. The big problem? It is in the gnat zone. There are a lot of bugs there. We decided to get a similar product in a better environment.
Palm Coast has grown like crazy. May truly be a better value than Destin, certainly off the beach. But I want on the beach. So, if there is one decent (read not Galveston) place in the United States that rivals Destin, I say that we are in a darn good place. As to prices, they might go lower. I doubt it. But they are going to be twice as much in 10 years. Why? Desirable area, 32 million people w/i an easy days drive, 9 months a year season, baby boomers retiring.
SeaSide2, I have been sitting back reading these comments for several years and finally decided to join in on all the fun.We are just sitting back and watching the market go lower and lower.We may not buy at the bottom,but we won't be far from it.I am thinking it will take 9 to 12 more months min.I guess we will SEE..what the other SIDE does.
Bobby J
Beach Fanatic
I do hope everyone understands that I know prices will drop. I am trying to make a point that some good stuff (A properties) are leaving the market never to return at the price a lucky buyer just got. I just got an almost full offer on a home I have been pushing. This is such a good deal that I have used it as a barometer for some buyers. If they do not buy this one they are not buying. Guess what? They have not bought and this property will be sold.
Bobby J
Beach Fanatic
Sort of right! I will take it. That is the nicest thing anyone said to me today. GoDawg, can't thank you enough for your avatar!