GREETINGS from Paradise!!!
Many happy people will be celebrating the holidays this year in their new beach homes! Perdido Key sales are up 20% in the number of closed transactions versus the previous 5-year average and inventory continues to disappear, with fewer than 200 active properties for sale on the island. Buyers, this is the BEST time of year to get the lowest price for resort property while rentals are limited and the Spring rental season is several months away. Many Sellers consider a sale this time of year as a "bird in the hand" opportunity to eliminate costs during the off-peak rental season or may be considering tax benefits for selling. Inventory levels are dwindling (see charts below) and sales prices are beginning to creep back up due to the lack of supply, which has decreased another 14% in Perdido Key over the past year. So why not buy a Christmas gift that you and your family can enjoy for years to come?
To find your beach paradise or if you would like more information, please feel free to contact me anytime!
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Posted by: Dallas Property Management | December 14, 2011 at 09:38 PM