It is a Buyer's Market
Tough economic times have created fantastic opportunities for buyers who have been considering buying coastal property. List prices are the best they have been since around 2002/2003. For instance, in late 2005/early 2006, one could not find even a vacant lot on Holden Beach, NC for less than $315,000. Today, lots start at $195,000 and residential properties begin at $249,000.
Also, where short sales and foreclosures were unheard of in our area in the past, there are several properties now that fall into these categories.
High inventory and motivated sellers, coupled with the economic challenges, make this a prime time for smart buyers. Email me at Lydia@beachsales.com or call me at 910-620-4499 and let’s get your searching started. Lydia Dameron
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