Before buying beach real estate, it’s important to understand the beach market. Glenn Phillips, CEO of Beach Homes Realty, discusses 5 things you should know about beach real estate in 2025.
- Price Includes Location. A house at the beach will, of course, have a higher price than typical homes. However, first-time beach property buyers may be shocked by just how much the beach location impacts the price. Buyers often have to rethink pricing when they buy beach property.
- “Sellable” Inventory is Limited. The number of properties for sale has increased across multiple states. However, this is a little deceptive. Appropriately priced homes sell quickly. This means that the houses that sit on the market for an extended period aren’t appropriately priced and won’t sell.
- Prices are Roughly at Peak. The current market has leveled out prices for beach homes. Prices during the peak aren’t affected by mortgage rates, and transactions are done primarily in cash.
- Discretionary Product. Nobody has to buy a beach home for shelter. These are often second homes, seasonal homes, or investments. Unlike regular residential properties driven by life circumstances, beach home buyers can wait to make a purchase.
- Niche Expert Agents Matter. Beach properties come with several nuances, rules, and regulations not found in other types of property. Additionally, beach buyers come from all over the country, not just the local market. Getting an agent who is familiar with all of these differences is essential for a successful transaction.
As we head into the beach market for 2025, knowledge about the market is key. If you’re looking to buy or sell, visit beach-homes.com to connect with expert beach agents ready to help you navigate beach real estate.