Oceanfront Investment Property
Florida, NC, SC, and California Beachfront
Never has there been a better time for buyers to find the deal of a lifetime on beach property than right now. Myrtle Beach vacation homes and condos are at the very lowest prices ever. Florida beach property can often be purchased for a song. Foreclosures are still an epidemic and show no signs of ending anytime soon. California, Texas, and Virginia Beach condos are ripe for the picking!. All over the US, beach resorts and vacation properties are being offered at rock bottom prices, and sellers are seemingly desperate to get out from under the expense of maintaining ownership.
The hardest hit areas are cities in Florida such as Miami and Tampa, recently quoted by the National Association of Realtors as having price reductions of almost 20%. California as a whole is in the worse shape as far as foreclosures and a stagnant market are concerned. Beachfront property along the California coast was always over-priced, and went way over the top during the real estate boom several years ago. Consequently, they are coming down the fastest and hardest now. Although the prices of homes in California are much higher than the east coast, those who want to live there are going to find the best prices ever as well.