Originally Posted by margaretmattson (Post 23387)

250 + homes were reduced in Lake Denham and Dabney. Nearly 100 are still available one year after completion. While those 100 homes are sitting at reduced prices, new builds in Moultrie Creek are starting to pile up. This is nothing like previous years. Inventory is much larger.

Originally Posted by Craig Vernon (Post 2338708)

As I have said on here before my wife and I have been watching the real estate market in TV for our near-term purchase for retirement. This morning 6-8-24 listings increased from 536 to 635 over night. Interesting turn of events?

Originally Posted by Michaeljay (Post 2339161)

Where are you finding your information on home not sold in the new build areas. We are looking to buy ( a cottage home) .we are not seeing anything for sale.

Originally Posted by Escape Artist (Post 2339209)

There’s three houses on my small street that all came on the market within a few weeks of each other. Let’s face it, the market has bottomed out. Too much inventory, both old and new, and not enough buyers. It’s seems all those so anxious to flee their former locales for the friendly confines of TV and Florida have already done so. All good things must come to an end!

Originally Posted by bowlingal (Post 2339049)

Craig....lots and lots homes in the southern section for sale already. High bonds, lack of restaurants, shopping, taxes, the prison and turnpike could be why

Originally Posted by Normal (Post 2338924)

Agreed. Reality governs us all. Eventually when we do see the bottom in pricing for the market, many will benefit from buying when we get there. The initial premise of the whole thread was inventory issues. It is going up, prices are coming down.

Originally Posted by huge-pigeons (Post 2339075)

The sky is falling! The sky is falling! All these stats are way off. Prices coming down to 21 levels? Those days are gone! Prices are $50,000 less than what people are asking. Even those sellers are making $100,000 to $200,000 profits in a a couple of years.


TV has discounted prices in the more undesirable areas, and some people might think the prices are falling: just not true. You can add DeLuna to your list and even with those discounts, I wouldn’t live in that area.
Have you tried buying a place in Eastport? Probably not because the lottery is invoked for new properties with hundreds vying for the same piece of land/house. How can somebody say the sky is falling when you have hundreds vying for the same piece of property?

Originally Posted by Laker14 (Post 2339220)

Bottomed out? How do you know it won't go lower yet?

Originally Posted by Ptmcbriz (Post 2339112)

When interest rates go up, real estate slows. When interest rates start dropping, real estate will speed up. It’s not rocket science…

Originally Posted by Papa_lecki (Post 2338963)

JM - so true. Let’s you and I start an investment company, buy all this investors at dirt cheap prices hold, and when the ocean’s rise we will own a fortune in beach front property (or at least our grandkids will).

Originally Posted by Escape Artist (Post 2339209)

There’s three houses on my small street that all came on the market within a few weeks of each other. Let’s face it, the market has bottomed out. Too much inventory, both old and new, and not enough buyers. It’s seems all those so anxious to flee their former locales for the friendly confines of TV and Florida have already done so. All good things must come to an end!

Originally Posted by Laker14 (Post 2339220)

Bottomed out? How do you know it won't go lower yet?

Originally Posted by Craig Vernon (Post 2339264)

Yep, just an MLS glitch apparently on the 100 new listings. Don't shoot the messenger. See you all as neighbor around the end of the year or before. Have a wonderful day one and all.