Stable interest rates, falling gas prices, and positive economic news have provided the needed confidence for buyers to consider a seashore purchase once again. They have patiently watched the market adjust, and now recognize the opportunities available.
The recent sales figures are comparable to 2004- which in perspective was still a healthy real estate year. New construction continues to be popular, with builders providing incentives such as furniture and financing to encourage a sale. Sellers with specific time constraints have become creative as well. Price reductions, owner financing, and seller credits are often necessary to stand out from the competition.Â