It will surely happen some day! But not very likely in the foreseeable future. The current real estate market conditions are pushing prices down below appraised values rather than over. And a quick look historically, confirms that no house in this part of Baldwin County has sold for over $450,000 in the last 5 years. So if you are selling at this price level, the prospects don't look good, but if you're buying, you would have a lot of room to negotiate a lower price. Hope this helps!
AL Broker/Florida Realtor