The
first quarter 0f 2013 has started well, especially Gulf Front, with 14 houses,
12 lots and 34 condos sold/under contract. This shows me that the top end of
the market is confident. Another good sign is that lending is a little more
relaxed on Jumbo loans with loan approvals taking less time. And yet another solid indicator for our market is land
sales, beginning in 2012 the one segment of the market that began getting a lot
more attention. The reason interest in buying land is now gaining popularity -
we believe – is two-fold. First, the "really good deals" on
homes are much harder to find; single family home values are steadily on the
rise again. Secondly, lot sales lagged behind the market for a longer
period of time in both buyer interest - and market value increases.
Inventory numbers for lots have remained high. Now that home prices have
begun to rise and with fewer available to choose from, some buyers
have shifted their focus to land because that's where they see good values in
the market.
All preliminary indicators are pointing in a definite
upward direction…more sales activity and continued increase in sales
price. Mark Twain once said, “I was seldom able to see an opportunity
until it had ceased to be one”. If you are thinking about buying or
selling - now may be a very good time to take a closer look.
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| Just Sold in Seagrove Beach |
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