Forgotten Coast not so forgotten

Published: Thursday, April 25, 2013 at 09:01 AM.

“The months of January and February showed increased bed-tax revenues,” said Jenkins.

Numbers from the TDC show a 25 percent increase for January and a 4.5 percent increase from February compared to 2012. Though May is traditionally a slow month for tourism, Jenkins notes that that summer bookings are pacing very strong.

“The TDC’s are doing a great job at selling the product and the BP money has put rentals back on track,” said Jay Rish, a broker with Gulf Coast Real Estate Group.

He and fellow broker Natalie Shoaf echoed the sentiments on growth and said the sale of single-family homes in Mexico Beach are up 100 percent from last year.

Cash sales are also up 100 percent and the amount of days that a house is on the market is down 39 percent.

“Numbers are up across the board,” said Shoaf. “The market is fabulous.”

Rish said that the current trend in the area is for sellers to get at least 90 percent of their asking price.

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