The hardest hit areas are cities in Florida such as Miami and Tampa, recently quoted by the National Association of Realtors as having price reductions of almost 20%. California as a whole is in the worse shape as far as foreclosures and a stagnant market are concerned. Beachfront property along the California coast was always over-priced, and went way over the top during the real estate boom several years ago. Consequently, they are coming down the fastest and hardest now.
We hope to act as a showplace for distressed owners to advertise their oceanfront properties, and as a favorite place for motivated buyers to look for the cheapest deals available.
If you are a real estate agent who specializes in foreclosures or short-sales, please contact us to see how we can help you list and sell your oceanfront property. If you are a buyer, sign up for our mailing list and let us notify you when we find cheap oceanfront property so you'll grab the deal before other investors find it.
