The PCB market over the last few years has crashed much harder than South Walton. If you have not looked at what things are actually selling for (not the asking prices) you may be amazed. Especially compared to prices in your area.
I subscribe to a site that tracks sales prices of condos in PCB. They have just updated their site with sales into May. I have contacted them to see if I can post some of their graphs on this board.
For what I personally consider a nice condo (as described in an earlier post), the low fruit continues to be picked off and the prices are trending up.
Even more interesting are what I consider the new but lower end condo buildings. They are going for prices that could cashflow off the summer rentals. If you are an end user and are willing to rent it out in the high season you could have the rest of the year for free.
A few months does not make a sustained trend. Prices could drop again in the fall as buying now gives you the summer rentals which is like getting a 5-10% buyer's rebate. But for now there is a definite trend.
Hopefully I can put the graphs up with some actual numbers,
JMHO,
Flyguy
I subscribe to a site that tracks sales prices of condos in PCB. They have just updated their site with sales into May. I have contacted them to see if I can post some of their graphs on this board.
For what I personally consider a nice condo (as described in an earlier post), the low fruit continues to be picked off and the prices are trending up.
Even more interesting are what I consider the new but lower end condo buildings. They are going for prices that could cashflow off the summer rentals. If you are an end user and are willing to rent it out in the high season you could have the rest of the year for free.
A few months does not make a sustained trend. Prices could drop again in the fall as buying now gives you the summer rentals which is like getting a 5-10% buyer's rebate. But for now there is a definite trend.
Hopefully I can put the graphs up with some actual numbers,
JMHO,
Flyguy