AL Broker/Florida Realtor
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!