Daily Real Estate News March 5, 2008
Beachfront Bargains are EmergingIf you’re looking for a beach house, now could be the time to buy, says Fortune magazine reporter Jon Birger.Three years ago, Birger went in search of affordable beachfront property and was largely unsuccessful. This year, he says, beachfront property selling for less than $500,000 is more readily available, especially in Florida.In places like Cape Code and Hamptons that are enclaves for the fabulously wealthy, prices haven’t declined much, real estate practitioners told him. "It's a totally different mentality," Diane Saatchi, senior vice president at the Corcoran Group, says of her East Hamptons clientele. "The value of their real estate is just so insignificant compared with their overall wealth."But Florida is a different story. Prices have fallen 25 percent to 30 percent on the state’s Panhandle with beachfront condominiums widely available for about $400,000, says Kerry McNulty, a practitioners in Destin.Source: Fortune, Jon Birger (03/17/2008)
Hot Deals on Destin Condominiums can be found at http://www.destin-florida-condominiums.info/hot-destin-florida-condominium-deals/
Hot Deals on Panama City Beach Condominiums can be found at http://www.panama-city-beach-florida-condominiums.com/hot-panama-city-beach-florida-condo-deals/
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