SHELLY said:
Sold?..... or "under contract" as pre-construction? I bet the majority of those pre-cons were purchased with flipping in mind.
Maybe SJ can give us the # of existing PCB condos on the market at the moment. Add to these the number of condos that are still being built.
Thanks but no thanks. I do not want to get into PCB data right now. Currently, there is much inventory. IMO, 10 years from now when we have a few more millions of retirees looking for places to live, PCB will be high on the list. Evacuation is much easier here than in Naples. I recall Destin once being overbuilt with condos back in the early 80s, but that soon changed, too. Some of these coastal areas like SoWal, PCB and PC have been looking further into the future to try to plan for that which is coming. They may be a few years late, but they are trying to forsee what the future may hold and plan accordingly. Like Kurt stated, in 10 years, you will not recognize PCB.