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Some compelling evidence

pat3797Beach Comber
5,129 views
Our family has been searching for property along 30A for nearly one tear now. Back in April/May, it appeared that we had "missed the boat" as our desires were in one of the planned communities (Watercolor, Watersound, Alys Beach etc) and these areas had realized substantially jumps in values since our search began. So I decided to track prices as I anticipated some froth was coming into the market.

The way I did this was to print out available lot listings for Watercolor and Watersound that appealled to me. I first did this on 5/10/05. At this time, I only did a select number as I didn't expect my results to be dramatic. I then went back On July 26, 2005 and printed out all listings for the two properties and once again I did the same test yesterday September 15, 2005.

Since there has been so much talk about statistical sampling on this board, I decided to include the entire population for these two communities. I do realize that this only is a test of listing price and does not fully reflect the market as sales are not included and I recognize that sales are the key element here. However this was easier for me and I thought it would provide some interesting reading.

In the first test, I included the sampling of lots I chose in May 2005 that had price changes more than once between May and September. Out of 50 lots chosen for sale (out of an estmated 170 during May 2005 in those communities), 19 had multiple price changes - ALL DOWN! The average lisitng price on 5/10/05 for these 19 lots was $1,800,631. On September 15, 2005, the average for the same lots had dropped to $1,376,579 - this is a drop of 23.6% :cool:

I then took the test one step further - I compared the MLS listing for the 2 communties for July 26 versus September 15 - here are some results.....

Watercolor :

Listings - July 26 - 93 Lots Sept 15 - 105 lots

# of lots out of the 93 listed in July with price changes during the seven week period = 37 or 40%

Average price of these 37 lots on July 26 = $902,500

Average listing price on Sept 15 of same lots = $799,500

Average drop in listing price = 11.4%

The same info is available for Watersound - but I will save that for another day if this info is useful. I provide this info not as a negative aspect of the market as I feel Sowal is the most beautiful place in the US, however as useful info to ppl out there like me who if prices kept increasing would never have had a chance to call this area a home (albeit a 2nd one).

Replies

34
ecopal avatar
ecopalBeach Fanatic
#27
In regards to local medical care we have a new wonderful MD right on 30A in Seagrove Beach.

I went to him and he was very nice and he seems extremely competent. He even was generous enough to do a home visit on an elderly New Orlean's nursing home evacuee (a friend's mother).

Our friend says he was very kind and gentle with her and was able to get instant rapport and cooperation. She was a potentially difficult patient who is on anti psychotic medication.

Below is from his webpage:

Dr Bawa
nbawa1@hotmail.com
Office Phone
850-231-6200

Cell Phone
850-428-0182
------------------------------------------------------------------------
Sherry Adams
Office Manager
850-231-6200


Dr Bawa went to medical school at the University of Illinois at Chicago.* He also did his internship and residency in Internal Medicine at the University of Illinois at Chicago.* He has a bachelor?s degree from Northwestern University and an MBA from Loyola University Chicago.* His moved from Chicago to Destin in August of 2004 with his wife Shruti.* Shruti is a fashion designer and has been instrumental in creating this web page.* Doctor Bawa recently moved his clinic to Seagrove beach.* He is currently the only Board Certified Internal Medicine Physician on Highway 30A.* Seagrove Beach is*less than*14 miles from Sacred Heart Hospital in Destin.*

Dr.* Bawa is experienced in managing patients with numerous chronic medical problems including diabetes, hypertension, heart failure, coronary artery disease, renal and liver problems.* He is on staff at Sacred Heart Hospital and works closely with the specialists there in taking care of patients in the Destin and Panama City area.*

http://www.drbawa.com/
Teresa avatar
TeresaSoWal Guide
#28
Excellent medical care at the new Sacred Heart Hospital near Destin. Pensacola also continues to offer very good medical care, at the same hospital.


yes, we are blessed with Sacred Heart Hospital right in Santa Rosa Beach. It's a small hospital, but it has brought a good deal of advanced health care right to our community. The best digital mammogram ever! no pain! what else could one ask for?
Teresa avatar
TeresaSoWal Guide
#29
Thank goodness the word is out about how terrible the month of October is in SoWal! 😀

it's almost October. one word. RUNNNNNNNNNNNNNN 😱
Diane4145 avatar
Diane4145Beach Fanatic
#30
Dr. Bawa is my Dr. and I couldn't recommend him, or them, enough! :clap_1: Sherry(Assistant) and George(Physicians Asst) and Dr. Bawa, have such genuine concern and compassion, for all! :wub: I am recovering from work related injuries, have been jerked around by Zerick(Work Comp Ins Co.), :nono1: but the Seagrove Beach Medical Clinic, has really cared. 😀


In regards to local medical care we have a new wonderful MD right on 30A in Seagrove Beach.

I went to him and he was very nice and he seems extremely competent. He even was generous enough to do a home visit on an elderly New Orlean's nursing home evacuee (a friend's mother).

Our friend says he was very kind and gentle with her and was able to get instant rapport and cooperation. She was a potentially difficult patient who is on anti psychotic medication.

Below is from his webpage:

Dr Bawa
nbawa1@hotmail.com
Office Phone
850-231-6200

Cell Phone
850-428-0182
------------------------------------------------------------------------
Sherry Adams
Office Manager
850-231-6200


Dr Bawa went to medical school at the University of Illinois at Chicago.* He also did his internship and residency in Internal Medicine at the University of Illinois at Chicago.* He has a bachelor?s degree from Northwestern University and an MBA from Loyola University Chicago.* His moved from Chicago to Destin in August of 2004 with his wife Shruti.* Shruti is a fashion designer and has been instrumental in creating this web page.* Doctor Bawa recently moved his clinic to Seagrove beach.* He is currently the only Board Certified Internal Medicine Physician on Highway 30A.* Seagrove Beach is*less than*14 miles from Sacred Heart Hospital in Destin.*

Dr.* Bawa is experienced in managing patients with numerous chronic medical problems including diabetes, hypertension, heart failure, coronary artery disease, renal and liver problems.* He is on staff at Sacred Heart Hospital and works closely with the specialists there in taking care of patients in the Destin and Panama City area.*

http://www.drbawa.com/
ecopal avatar
ecopalBeach Fanatic
#31
Dr. Bawa has his own practice now-he is no longer with George Roll PA at the Seagrove Beach Medical Clinic.
Diane4145 avatar
Diane4145Beach Fanatic
#32
Oh no! :shock: Where is he now? I'm sure that his website will indicate this, huh?


Dr. Bawa has his own practice now-he is no longer with George Roll PA at the Seagrove Beach Medical Clinic.
drbawaBeach Lover
#33
The phone numbers listed above are incorrect. Please note the correct number:

Dr Bawa's Clinic
850 534 4170
flyforfun avatar
flyforfunBeach Fanatic
#34
In some respect, the stock market is similar to real estate in the way of investments, and your behavior. Some people look like walking heart attacks, worrying on an hourly basis about what their investment is doing at that snapshot in time. These people do not rest well at night. When making an investment, no matter stocks or real estate, remember that it is important to be able to sleep at night with your investment. I studied the stock martket closely for several years, and learned that the emotional buy and sell is where you can get burned. I believe the same to be true if you are buying real estate for an investment. Sure, people often buy a beach home based on their emotions and I think that is fine. It is your body's way of telling you to act. However, these people see their beach home as a lifestyle choice first. Investment is secondary. For those of you who invest on emotion, I encourage you to think twice. If you need to know the market value of your home on a daily or weekly basis, you are missing out on life.

It sounds like Mermaid has learned a great thing in life. :lol:


I ditto what Joe has to say! :clap_1: Still, with stocks, you never know who is cooking the books, and unfortunately small traders don't have a chance without inside information. There is not enough oversight and accountability for me to ever feel secure owning stock. Until they start giving crooked CEO's the electric chair or life without parole, the stock market is always just one investigation or a terrorist attack away from a crash. I will take my risk in beach property any day, especially the white stuff!
flyforfun avatar
flyforfunBeach Fanatic
#35
Believe it or not, there are people who prefer the rolling green hills of Kentucky, mountains of Colorado, deserts of Arizona, lakes of Minnesota, mesas of New Mexico or city lights of New York to some hot, sticky, dog-fly-biting, hurricane sucking beach (their words, not mine). And not all of them would swap their current locale for retirement in a cement condo crowded along the concrete canyon/parking lot that is Destin or PCB (contrary to what developers are touting in their slick pre-construction brochures and rah-rah parties).
quote]


Shelly, I think you call those folks.....vacationers! And I thank God for them, cause they are keep my rentals booked! 🙂 Keep dumping your savings in your bank CD, eventually you may have enough to vacation in Panama City :rolling:

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