Market in/near Navarre, Florida

[Brian G.]

Can anyone speak to the current market in/near Navarre, Florida?  

Specifically, the viability of flipping and/or implementing the brrrr strategy.

I have boots on the ground but not sure about the market conditions.

Thanks in advance.   

[Melissa Jolley]

Brian,

The market in Navarre is always pretty decent. Plenty of members of the military looking to rent/buy in the spring and summer. The fall/winter may be the times when you see prices fall off a little. Inventory (retail) is low right now- the average sale price has increased since last year. One deterrent is the traffic. One accident on 98 and you are stuck for a while. People love Holly By the Sea (Subdivision). I noticed a few block homes on 98 that looked abandoned in that area a couple weeks ago. Probably 6 on a half acre. Several bay front multifamily units that really needed some help.