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Tuesday, February 22, 2011

Snapshot of buyer’s market that is Florida

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        Our friend Toby Tobin, the Florida real estate maven and blogger, has posted at his web site, GoToby.com, an excellent overview of the inhibitors to a housing recovery.   What will be of special interest to those contemplating a move to a southern golf community, especially one in coastal Florida, is the list of price movements in selected communities in the area of Palm Coast, located between St. Augustine and Daytona Beach.  The former Bobby Ginn property, Hammock Beach, is located in Palm Coast.

        Toby’s chart of communities includes inventory levels of unsold homes –- Hammock Dunes has a whopping 58 months worth – as well as an accounting of how many homes are lender owned and distressed, how many homes have sold and at what median prices.  It provides an eye-opening snapshot of just how severely Florida real estate has suffered during the recession and, by implication, what kinds of bargains are available in golf communities for those with a little appetite for risk.

         You can read Toby’s article at gotoby.com.  If you have specific questions about Florida golf communities. please contact me and I will be happy to help.
Read 3539 times Last modified on Friday, 27 September 2013 11:29
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Larry Gavrich

This blog was conceived and is published by me, Larry Gavrich, a former corporate communications executive who founded HomeOnTheCourse, LLC, in 2005.  Our firm advises baby boomers and others seeking a lifestyle in which golf is a major component.  My wife Connie and I own a home in Connecticut (not on a golf course) and a condo at Pawleys Plantation in Pawleys Island, SC, on a Jack Nicklaus layout.  We began our search for our home on the course more than 15 years ago, and the challenges of the search inspired me to research golf communities and write objective reviews of them.

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