Beach Real Estate Then and Now

Real Estate In Grove By The Sea Florida

The old saying that nothing goes up forever is certainly true and by the same logic you can argue that nothing will stay down forever either. This point has been hammered home in South Walton County's Grove By The Sea neighborhood located in Seagrove Beach, Fl. Take a look at real estate sales for two sets of homes:

• A 1,914 sq.ft. home on Cullman Ave. with 3 bedrooms and 2-1/2 baths and sold in 2005 for $910,000! As of December 16, 2008 a very similar home on Cullman Ave. with 1,976 sq.ft., 3 bedrooms and 2-1/2 baths is currently listed for only $499,000! A significant drop from $910,000.
• To show that this isn't a one time fluke take a look at the home on Andalusia that sold in 2005 for $750,000 - it had 1,560 sq.ft., 3 bedrooms and 3 baths. Now there is a home just down the street with 1,576 sq.ft., 3 bedrooms and 2 baths listed for sale at $475,000. Also a significant drop from the $750,000 sales price in 2005.

These examples tell me that there are tremendous deals for real estate at the beach right now. That combined with very low interest rates makes for a dream come true for buyers looking for second homes at the beach, vacation condos or even land to build a place down the road. The trick for buyers is not to get too greedy like many sellers did when it was their time because before you know it the tide will change and sellers will rule the day.

For more information about great deals for real estate at the beach or to see all the foreclosures and short sales in South Walton County go to the At The Beach website.