For the right properties at the right prices the market is very strong! Here is what I mean:
High End – $1,000,000 and up.
We are seeing a lot of activity in the high end market. These are properties ranging in price from 1,000,000 and up. I think the reason for this is because the upper income earners are doing well in this economy. Upper management / CEO level folks have a lot of money and they are spending it on property at the beach. So if you own property in this price level and want to sell I’m sure we can find you a buyer.
Low End – $250,000 and less.
We are still seeing a lot of activity in this level as well. I think the reason for that is investors are coming in and buying these properties as income producing rentals. Again, if you have property and considering selling I’m sure we can find you a buyer as well.
Mid Level – $300,000 – $1,000,000
At this level we are still seeing a slower recovery which means longer listing periods and sellers having to be a little more patient. I believe this market is a little slower than the others because middle to upper middle income earners that normally buy these properties are not sure about the national economy, their 401K’s / IRA’s and their economic futures so they are slow to enter the market. So until this group starts to feel more secure about their futures we expect sales activity for midlevel properties to remain a little slow.
There are definitely buyers at all levels and we are selling properties at all levels so if you want to sell I am confident we can find you a buyer. For a free real estate consultation simply call me, John Moran, at 850-217-7618 or send me an email at JohnMoran@AtTheBeachTeam.com
About The Author
My name is John Moran – I am the Team Leader for Keller Williams Realty’s At The Beach Team. My team and I are committed to doing the very best we can to get you the greatest return for your real estate investment and will strive to help you maximize your position whether you are a buyer or a seller.
I hope this information is helpful for you and if there is anything I or any of our team members can do to help you in the future please do not hesitate to call or text me at850-217-7618, or email me at JohnMoran@AtTheBeachTeam.com
Note: Keller Williams Realty’s At The Beach Team sells more condos from Panama City to Pensacola than any other Realtor or team of Realtors – by double! The At The Beach Team also ranks in the Top Ten for combined sales (Houses and Condos).
More Real Estate Tips Like These
If you would like to see other tips about buying or selling real estate simply send me an email atJohnMoran@AtTheBeachTeam.com and I will be happy to email them to you. If you would like to receive future tips – we typically send them out once a month – again simply send me an email and I will make sure you get them.
– John Moran