30ashopper
SoWal Insider
Its a good thing because I am feeling a little low on good selling inventory.
Convince some of your clients who are stuck in 2005 to lower their prices? There's plenty of inventory out there to work with.
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Build versus Buy
- Thread starter Tom Curlin
- Start date
Convince some of your clients who are stuck in 2005 to lower their prices? There's plenty of inventory out there to work with.
30ashopper
SoWal Insider
I'm stuck scraping Walton County public records for this. Digging into those records to correlate lis pens to sales would be hard. The data is there, we just don't have the right access to it.
Theres no question theres a huge back log of foreclosures coming as talking with many friends i've counted at least 10 people that stopped making there monthly payments 1-2 years ago and they're still living in there homes. as somebody said since the banks are not being forced to market to market loans they'd almost rather a deliquent borrorower stay put instead of foreclosing for several reason. first reason is not hit to the blance sheet till they sell the property at a lose. the second is with someone living there its being taken care of versus sitting there unoccupied. but i still think 30-a is a little different than the rest of the nation. i'm just not seeing prices down that much on the 300k-800k homes in the past 10 months or so. maybe the top end has fallen more.whats been taking place the past 3 years is homes are moving from weak speculative hands to stronger hands who are less likely to default this with little building going on for 3 years now inventory will drop fast in the next 2 years and prices could start rising.
I agree with AtTheBeach
All of 30A is a pearl, but the west end is as you say, a diamond waiting to be polished. Have you looked at Draper Lake Coastal Village and some of the other communities in Blue Mtn? There are some true deals on that end. We have built over 50 homes along 30A, would like to talk with you about building for you and your family.
As a builder I agree with BobbyJ, BUILD!!!
We are looking at the possibility to do a few 2000 sq ft spec homes on the west end in the $150ish a sq ft range because alot of folks coming from out of state want to buy a new house already built. I think the demand for that is going to be here by next spring.
What does BobbyJ think? Anyone who owns a lot might want to build on it with the idea of selling it.
All of 30A is a pearl, but the west end is as you say, a diamond waiting to be polished. Have you looked at Draper Lake Coastal Village and some of the other communities in Blue Mtn? There are some true deals on that end. We have built over 50 homes along 30A, would like to talk with you about building for you and your family.
As a builder I agree with BobbyJ, BUILD!!!
We are looking at the possibility to do a few 2000 sq ft spec homes on the west end in the $150ish a sq ft range because alot of folks coming from out of state want to buy a new house already built. I think the demand for that is going to be here by next spring.
What does BobbyJ think? Anyone who owns a lot might want to build on it with the idea of selling it.
Bobby J
Beach Fanatic
The majority have and have sold.
You are correct if you want to pursue a short sale and wait 6-8 months to find out if you get to buy it.
30ashopper
SoWal Insider
Care to post some inventory vs. sales numbers to back that claim up?
Bobby J
Beach Fanatic
My team is feel very blessed right now with a tremendous amount of inventory under contract.
I probably misspoke when I said the majority have and have sold. I would have to go back to my personal inventory and see if my sales and pendings are 2005 clients or not. I guess I just get a little excited about Real Estate. I love this business and stoked to see it changing. I am not sure I would feel comfortable giving you a break down of my personal transactions online but if you would give me your email I would gladly send a break down to you.