statewide, 30% of home sales in 2010 were of distressed properties, foreclosures and pre-foreclosures. That % is probably higher at the resort communities.
2011 may actually see an increase in the number of foreclosures along the beach.
So great news for investors; great news for those who want a place at the beach; not so good news for those who bought beach properties at the peak and would like to sell.
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