Great article in the WSJ about “downsizing” the second home market.
“In some ways, the luxury resorts are acting more like typical planned communities. Some developers are making sample floor plans for the first time instead of having buyers design their own homes—often a more expensive proposition. Others are decreasing lot sizes. Developers say they’re also responding to what post-boom buyers want: value and convenience, rather than supersized lots and homes.”
I know that my clients want to simplify the second home experience with a smaller home, a great price on a site, an easy to visualize highly functional floor plan and they want VALUE. They also want to be in it quick to take advantage of mortgage rates. I’m excited about our Highfield Beach product, who wouldn’t want to own there in a 3 bedroom 2 full bath home with a site, private access to “big blue”, a clubhouse, pool, two ponds, and walking trails for 50% of what it would have cost you 5 years ago. Let’s roll out the 2011 pricing folks, it is a GREAT time to buy.