With all the recent development of this pristine area over the past several years (sigh!) is supply finally over saturating the market?
New apartments are offering 1-2 months free rent (vs lowering their rent) and stats are showing home supply is up and homes/condos are sitting on the market longer.
Hurricanes and company mandated return to work vs working remotely must be having an impact on real estate here. Not to mention, insanely high HOAs which just keep going up and up, along with increases in property insurance and property taxes.
Any thoughts?
Replies
1Beach Fanatic
I think it's just the nature of growth. Florida-style rampant growth has a long history and SoWal is no different. It's a gold rush that because of the modern era will be even crazier than the past and even more mistakes likely with regulations and infrastructure struggling to maintain quality of life and environment.
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