Update on the move to paradise:
I have been so excited that all winter so far we have barely had to turn on the heater at all. It has gotten a little chilly in the early morning hours a few times, but we're back in flip flops by noon! The locals have told me that it has been the mildest winter in a few years. I've been taking credit for that, figuring that God was smiling down and sending rays of Sunshine to my paradise and everyone else was just basking in my sunshine.
Until yesterday! Oh, the sun was still shining beautiful and bright as ever. But somebody left the freezer door open! Brrrr...we woke up to temperatures in the 20's or low 30's. I'm not sure exactly which one because I didn't find it necessary to purchase an outside thermometer. One more cold day today, and by tomorrow we're right back to the 70's again. Whew! I am so happy for that.
You're probably wondering what all this has to do with real estate. Well, I was thinking alot yesterday about how things are not always as they seem. Sitting inside looking out my pack patio windows, the sun was as bright as ever. The trees are green, and it beckons you to step outside and smell the salt air. But one step outside the doorway, and it took your breath away. It was absolutely freezing and the wind was bitterly cold.
In real estate, things are also not what they seem. If you listen to the news reports, you'll believe that every other home on your block is going to foreclose. And you'll think that every foreclosure can be had for pennies on the dollar. And to give credit to some, it may true in some locations. But don't assume that it's that way everywhere.
Panama City Beach is one of the top 5 locations in the US where prices are actually on the RISE. I've been here less than a full year, and I've already seen the growth. Local Realtor's projections for last year were surpassed by mid-year. Right now we have more buyers than we have homes to show and sell. Foreclosures are listed and go into bidding wars. They sell for over listing price. Homes in the lower price range are being sold rapidly, and we are progressing into the next level of pricing. Last year if I had a client who only wanted to see homes under $90k, I could have shown them homes for two days. And I'm referring to homes within 3 blocks of the beach! But not anymore. That trip would consist of maybe 2-3 homes.
In many areas, people are still waiting for the market to hit rock bottom. In Panama City Beach, rock bottom has come and gone. If you have ever considered a second home, vacation home, or condo next to the most beautiful beaches in the US, the time has come to act. Call me today and let me show you some fabulous deals , while you can still get them!