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Area Foreclosures

JoshMclean avatar
Beach Fanatic
75,522 views
I figured that some of you would like to see some of the area foreclosures. These are bank owned properties.

http://www.joshmcleanhomes.com/buyer_mistakes.asp

Replies

342
Sandcastle avatar
Beach Fanatic
#3
Thanks Josh. I've been wondering about the house in Seaside. The furniture was moved out and the place needs a little exterior paint. The price that the bank is asking seems very fair.
JoshMclean avatar
Beach FanaticAuthor
#4
I think its a pretty strong price on that home. The banks will also negotiate some on that price. I took a couple low offers 2 weeks ago that were rejected, but they were much much lower than asking.
Sandcastle avatar
Beach Fanatic
#5
I hope that house sells before it deteriorates. I walk past it every time I?m at the beach. If I find anyone who is interested I?ll send them your way.
30ashopper avatar
SoWal Insider
#6
This is pretty neat Josh, I wish it covered all of 30A. Are you generating this by hand or is it coming right out of your mls? If it's msl, any way you could expand it to include all of south walton?

Kudos by the way, great idea. A great way to sell property right now.
30ashopper avatar
SoWal Insider
#7
Man if that house on Cobia in Sandestin was more around 350K, I'd seriously think about picking it up and renting it out long term. It's a little too close to the bay for my tastes but that interior makes it tempting.
30ashopper avatar
SoWal Insider
#8
Damn dude, the stats at the end are awesome! thanks! :clap:
JoshMclean avatar
Beach FanaticAuthor
#9
This is pretty neat Josh, I wish it covered all of 30A. Are you generating this by hand or is it coming right out of your mls? If it's msl, any way you could expand it to include all of south walton?

Kudos by the way, great idea. A great way to sell property right now.

I am pulling it out of the MLS. It should be a better scope as of next week. All agents are supposed to make a change in the MLS listing by June 30 if it is a foreclosure. I will do a bi weekly update of all foreclosures on my website. You can track the foreclosures that way. I will also add foreclosed land in my next update.
BTW- I really like the house on Cove Dr. in Sandestin. Showed it this past week.
JoshMclean avatar
Beach FanaticAuthor
#10
Damn dude, the stats at the end are awesome! thanks! :clap:

Which stats are you referring to?
30ashopper avatar
SoWal Insider
#11
Which stats are you referring to?

Sorry, the sales figures on your blog, not the foreclosure site. The data is very appreciated.
JoshMclean avatar
Beach FanaticAuthor
#12
Gotcha. If you go to my site and look at market statistics you will see them every month.
JoshMclean avatar
Beach FanaticAuthor
#13
You can also sign up on my site and I'll add you to my email list. I send out great deals, market statistics, area articles, foreclosures, etc...
30ashopper avatar
SoWal Insider
#15
Some chart porn for your viewing pleasure...



JoshMclean avatar
Beach FanaticAuthor
#16
Oooh Sexy
30ashopper avatar
SoWal Insider
#17
Here's ave. value. Really interesting trend in condos. Are those sales number accurate Josh or is there a chance they'll be revised up at some point?



Edited

JoshMclean avatar
Beach FanaticAuthor
#18
The thing you have to consider is pre-construction condos closing in the past years. We haven't really had that this year.
Ariel Dunes, Emerald Grande, One Water Place, are all units that had closings in the past couple of years.

Also, the graphs you are showing.....are they all of ECAR?

I use Destin through Inlet Beach in my stats. I know it's not very detailed or area specific, but I follow it to see how this general area is moving.
30ashopper avatar
SoWal Insider
#19
The thing you have to consider is pre-construction condos closing in the past years. We haven't really had that this year.
Ariel Dunes, Emerald Grande, One Water Place, are all units that had closings in the past couple of years.

Also, the graphs you are showing.....are they all of ECAR?

I use Destin through Inlet Beach in my stats. I know it's not very detailed or area specific, but I follow it to see how this general area is moving.

These are generated from your monthly stats. The value graphs come from your average sale price columns.
JoshMclean avatar
Beach FanaticAuthor
#20
Those are all of the sales generated through ECAR from Destin-Inlet Beach. There are more I'm sure that were not involiving Realtors and not refelected in those stats, but a low percentage.
I would chalk it up more to no pre-construction closings than anything else. Smiling Joe keeps more detailed stats and I'm sure he could shed some light on it.
JoshMclean avatar
Beach FanaticAuthor
#21
Do an inventory chart if you get a chance.
30ashopper avatar
SoWal Insider
#22
A couple updates, that condo graph was using the wrong data, I pasted in the wrong table. :confused: So I updated the graphs above. Here's inventory -




Interesting trends! It looks like inventory has leveled for single family homes, and condo inventory is dropping.
SHELLY avatar
SoWal Insider
#24
Thanks for posting Josh.

There's some pretty impressive-looking foreclosures in that group if I do say so myself.
JoshMclean avatar
Beach FanaticAuthor
#25
There are some very nice foreclosures out there right now. More coming on the market every week right now.
30ashopper avatar
SoWal Insider
#26
Has anyone walked through that place on Calhoun in Destin? I'm curious how much work is needed to get it rental ready.

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