The ownership of real estate continues to be one of the most sought after investments. Yes, like any investment, it fluctuates in value, as we have obviously witnessed. However, unlike many other options, a sense of achievement and pride is created through the tangible nature of the asset, and if acquired logically, can be an investment with desirable returns, not only financially, but through use and enjoyment; hence, lifestyle.
Lack of developable land in our small coastal beach town(s) surrounded by fabulous waters and coupled with a growing influx of population will most certainly create a demand that facilitates price appreciation. Regardless of the price swings, the fundamental aspects of supply versus demand will support your long term investment strategy in our local real estate market.