It seems that no matter how hard the times are there is always someone who cannot resist the lure of a waterfront piece of property.  There is something seductive about being on the water's edge and that is exactly why the price of very nice lots keeps going up and up despite the down trend in real estate in general.  This has been my experience anyway. 

Could it be like the peek of crocuses through the winter snow?  I have seen a noticeable increase in buyers moving about like little ants looking for their "spot" on the water before the season starts.  I actually sold a very desireable lot in a great gated community on New Year's Day.  Imagine that.  Well, it is not exactly sold yet, it is under contract, but, with both parties enthusiastic for the sale I imagine it will have the desired outcome. 
People go out and look for your "crocuses".  They ar estarting to peek and I believe that this is a good omen for the rest of the year!