I don't believe every media crisis du jour (since based on their reporting we should have already experienced Armageddon) but I haven't heard conflicting reports from anyone in my social or business circles as to the current local economic climate. Everyone says its bad/slow.
I don't think we'll see tumbleweeds blowing down 30-A or anything, as people will always want to live and vacation near the beach. This area will rebound within a few years, and a price correction was necessary and overdue, but that doesn't change the current situation.
Your "very educated buyer/seller" was off by a factor of more than 20. Hope he's not doing his own taxes :funn:
He is surely not doing his own taxes. I hope. What would your guess had been.....? I agree it is bad but we are anything but slow.