Wading Into the Waterfront Market From the Early Summer 2008
Issue
Despite slowing real estate markets nationwide over the last year, waterfront communities in the Southern mountains continue to grow. As many developers adopt a “wait and see” stance, now may be the best time to buy.
Though 2007 was a year of real estate market lows and the balance of 2008 is still uncertain, new communities continue to develop on the Southern landscape, and lake and riverfront properties are some of the most prominent among them.
Developers of waterside havens aren’t battling the risky market without clever strategizing, however. Currently, they’re using unique waterfront locations and adding high-end amenities to lure buyers who are searching out a very specific and widely favored way of life.
This is a lifestyle that includes weekend boating, 18 holes of early-morning golf and evening dinners on the deck.
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