At some point we'll return to a "normal" rsising market but the pandemic has changed a lot where people can live and where they WANT to live. I think it shook up a lot of folks and they're thinking like WHY NOT live at the beach??!!
Everything in a gated community or waterfront is getting snapped up. They are safe bets - any waterfront not just gulf but bay and bayou, and gated communities like watersound, lakeplace, etc are going insane. Also hot spots like alys and rosemary. There are rich people who don't care what it costs. Alys Beach can't build fast enough and is getting ready to offer a ton more lots. They are scrambling to get lots on the market.