Florida has, according to Zillow, 27.2% more unsold foreclosures than the national average. Homosassa, where we're going tomorrow, has 36% more that other zips. Makes for interesting shopping to say the least.
Here's an example. http://www.zillow.com/homedetails/8975-Halls-River-Road-110-Homosassa-FL-34447/2110241709_zpid/f (You might have to cut and paste the URL. Haven't tried to paste one before).
What's wrong with this picture? We'll find out tomorrow. I was stunned when I found this the other night and if you look around in the area, you can find others for 9.5K. Snowbird madness. Don't tell Steven, he'll want to move to Florida and be a real estate mogul.
But in Panama City Beach, it's a whole different ballgame. While there are lots and lots of foreclosures, prices are fairly stable for the nice beach side homes and condos. We took a look at a couple ranging from 110K to 250K today and the difference is startling. The higher end were right the beach, which is ultra fine white sugar sand that runs for around 20 miles north to south, and in big condo buildings of a hundred or more units. The others were just a block off the beach, in units of two or four and not so nice.
Panama City Beach:
But first we ventured to Seaside. You might recognize this place.
This was the downtown area of "The Truman Show" with Jim Carrey and Laura Linney. It's a quirky little town with very high real estate values. Evidently the original developer wanted to recreate the beach towns of his youth and decided to establish covenants that only allow for pre-WW2 materials to be used in exterior construction. Lots of tin roofs rusted here. Neighboring Seagrove has copied the style, but not the covenants.
Not as exclusive, but still expensive.
Here's the school. Nicer than my elementary school. Any of them.
Oh and Seaside is indeed on the sea side.
More tomorrow and since we're meeting with a realtor, maybe some pics.
Good night and good luck.
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