Jun 18 2008
Real estate sales slowing down? Not in Bay Park.
While many areas are experiencing slower sales, Bay Park real estate has had a 27% increase in the number of single family homes sold so far this year compared to the same time period last year. Even though there has been a lot of pressure on home prices by all of the bank owned properties, Bay Park has maintained it’s average sale price over last year.
What is keeping the prices up and driving up the number of sales? There are a number of factors at play. Although the prices have held steady, Bay Park is still a hidden bargain. Prices are far below those in other coastal communities. With gas pushing $5 a gallon, Bay Park’s central location becomes a money saver.
Price is not the only factor. Where else can you still get view properties? There is a great deal of remodeling and rebuilding in Bay Park. These past two years we have be excited as new businesses, restaurants and coffee shops have come to Bay Park. This will attract more businesses and residents to the area.