real estate info in Navarre

I know this is a bit off the beaten path from South Walton - but my parents have a home in Navarre they are thinking of selling. It is on the bay and brand new - built in 05. They were told by one realtor however that nothing on the bay is selling in Navarre and that it is silly to even put it on the market anytime soon. Is this true? How do I find out the stats for Navarre and how can I help them figure out how much to sell it for or how to go about selling it?

Look in the phone book under Appraisers.
They might help you with the information your looking for, sales, active listings, etc.
You might want to request an appraisal for peace of mind.

ps: Find another realtor ;-)

A good Realtor can pull those sales statistics for you, showing exactly what has sold on the Bay in Navarre.

I can only find one Navarre Bayfront home sale in 2008:

http://ecarmls.com/EmeraldReports/listings.asp?ID=4913236603

27 active Navarre Bayfront listings (your competition):

http://ecarmls.com/EmeraldReports/listings.asp?ID=4913236607

It may not be "silly" to put it on the market but it certainly is not going to sell unless they price it very attractively. There are 2 currently under contract:

http://ecarmls.com/EmeraldReports/listings.asp?ID=4913236610

Good luck!

I know this is a bit off the beaten path from South Walton - but my parents have a home in Navarre they are thinking of selling. It is on the bay and brand new - built in 05. They were told by one realtor however that nothing on the bay is selling in Navarre and that it is silly to even put it on the market anytime soon. Is this true? How do I find out the stats for Navarre and how can I help them figure out how much to sell it for or how to go about selling it?

Do your folks live there? Did they put any equity into the home when they purchased? IMO, folks who paid '05 prices aren't going to see much of a profit (excluding Manhatten).

Have a bud who's on Pensacola beach--says RE on that end of the panhandle isn't anywhere near going gangbusters; lots of inventory to clear and most waterfront properties are new or rebuilt since Hurricane Ivan, so most pricepoints are in the '05-'06 category.

This website might give you a bit of information about what's for sale: http://www.destin123.com/index2.htm
It looks like Navarre has as much RE for sale as does Destin and more than FWB.

Agree with the above posters, price it attractively and it will sell.

I had to settle my Mom's estate and sell her house in Navarre a few years ago as the market was beginning its decline. We priced it fairly, countered any offer within reason, and sold within 60 days.

Sales have declined markedly since then, and a number of the waterfront properties on the market at present in that area were indeed re-built after the hurricanes. Some of the re-building could be considered not much more than adequate due to a shortage of labor & materials after the storms.

Thus, buyers are wary of some of the waterfront homes, especially if there's a vacant lot or two next door where other houses used to be...

Thanks everyone. It certainly gives me something to think about.

If you had the option, would you wait another year to try to sell and see what happens with the pass or do you think now is as good as ever? The house is not on the sound, but back off 87 on the bay.

If you had the option, would you wait another year to try to sell and see what happens with the pass or do you think now is as good as ever? The house is not on the sound, but back off 87 on the bay.

What are your parents trying to achieve with the sale of their home? Are they planning on moving to another area or state; planning on downsizing; or wanting to make a killing in the real estate market.


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Actually,
They bought the house a while back and have loved it as a second home. But now they are tired of mowing the lawn and taking care of it. They want to move to a condo instead closer to Destin and closer to where we live. But they just don't know if they should wait or sell. They could price it competitively without taking a loss because they have held it for a while, but they don't want to sell it now and just break even only to realize that if they had waited a year, they would have made a profit. The have thought about renting it out, but their neighborhood only allows long term rentals and that means they cannot use it at all.

Actually,
They bought the house a while back and have loved it as a second home. But now they are tired of mowing the lawn and taking care of it. They want to move to a condo instead closer to Destin and closer to where we live. But they just don't know if they should wait or sell. They could price it competitively without taking a loss because they have held it for a while, but they don't want to sell it now and just break even only to realize that if they had waited a year, they would have made a profit. The have thought about renting it out, but their neighborhood only allows long term rentals and that means they cannot use it at all.

Do they realize that if they wait and have a "chance" to make a profit next year they might also "chance" to be paying more for a condo next year too? (IMO I don't think prices will be going up by next year in either location.) Have they even started looking (and pricing) condos yet?

I think the house will tend to hold its value better than condos in Destin going forward (since there are so, SO many)--but depending on the size and amenity fees, the condo may result in lower carrying costs and give them the opportunity to rent it out when not in use.

Personally, I'd unload the house sooner, rather than later--and just rent a condo in Destin, (or anywhere else in the world for that matter) during their few months' vacation. Leave the insurance, maintenance, taxes and headaches to someone else and live the free-and-easy life.....but that's just me.

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