whats going on on 30'a?people who bought in 2011 trying to make 100%

**ray** · 03-07-2012, 05:46 PM

wow i saw the craziest listing i've seen since 2005. somebody who bought at redfish village in 2011 for 247k is now asking $447 k 8 months later. many sold in there the last 2 years for 150-190k. i've seen many many people the last 6 months doing the saem thing. it feels like a bubble again. a lot in seacrest sold for 50k last yr and i think the guys trying to sell for 110. i might price my home 250 above and see if can get 150k above

**Murray Balkcom** · 03-07-2012, 07:46 PM

Ray, those liquidated prices were all over the place. They teased people with $190,000 prices, but within 3 weeks, the top price for a 3/3 like you are talking about, sold for $429,900.

Also, your idea of "many" and my idea of "many" are different. Only 5 of 31 of the condos sold in there during the last year were less than $190,000. And, only one of those was a three bedroom unit.

What you may have overlooked in this particular case with Redfish Village is the inventory. Before the new listing priced at $449,900 came on the market, there were zero condos for sale in Redfish Village. It's all about supply and demand. To read my latest article on inventory levels in South Walton, visit dreamBIGproperties.com

**Jim Tucker** · 03-07-2012, 07:48 PM

I'll pay it!

**Beach Runner** · 03-07-2012, 07:55 PM

After looking at how prices are increasing in South Walton, I really think if we raise our price, we'd sell faster.

**ray** · 03-07-2012, 09:02 PM

Murray there were zero for sale because they were liquidated at low prices.and what i was pointing out is the flippers are back. The inventory has collapsed on 30-a. Most of good properties are gone

**Jim Tucker** · 03-08-2012, 06:34 AM

Now is the time to buy.

**James Bentwood** · 03-08-2012, 07:53 AM

When Realtors say they are extremely busy at the moment it is no BS. There is no irration though. The market over-corrected a bit and stuff got scooped up with cash, inventory has dropped, there are some serious good buys. If there are flippers then it is only a few who have not much else to do.

**ray** · 03-08-2012, 08:16 AM

murray last year i have 33 that sold in redfish village 3 of the 3 bedrooms sold for under 250k.7 of the 33 sold for under 200k. 14 total sold for under 250k.the avg looks to be 250-260k. as i said the asking price of 447k is outrageous and crazy. if anyone pays within 100k of that i got some landfill land to sell them