This oil has a lot of people – buyers and sellers – spooked that is for sure. I keep hearing people say that nothing is going to sell and nobody would buy real estate on 30A while there is oil in the Gulf of Mexico and washing up on our beaches.
Let’s see what the facts tell us. In the last 7 days there have been 10 houses on 30A go under contract. Not a ton but still more than 1 per day.
Are they all foreclosures and short sales? Almost, of the 10 properties to go under contract 7 were short sales or foreclosures and 1 was an auction. So 8 out of 10 were distressed sales.
Are they just low end properties? I wouldn’t say that – the low list price was 249,900, the high was $3,999,975 and the average list price for the 10 was $990,667.
The Bottom Line? There are a lot of really good deals out there so if you are a buyer this is your time. If you are a seller be prepared to get down and dirty so you can compete with the short sales and foreclosures.
Want More Information? Keller Williams Realty’s At The Beach Team sells more area real estate than most so if you are interested in buying or selling 30A Real Estate simply call or text John at 850-217-7618 or send an email to JohnMoran@AtTheBeachTeam.com
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