5 year old buck +
I sold beach property last spring and bought another immediately. If I held out for a price drop I'd be priced out of the area. Realtor called last week and said what I bought is worth 25% more in a year. This can't continue. But I'm not getting priced out so I'll hold and see where the cards fall.
We just bought a beach front property 18 months ago ... crazy but realtor gave us a current market estimate of 2.5 times what we paid.