What's the general feeling on the current state of the real estate market in So. Walton? Seems like pre-construction development opportunities are still being snapped up at a furious pace, but what about the re-sale market? I've been watching the MLS listings for the past year and I'm wondering if the pace of sales of existing units has slowed.
I don't have any hard statistics, but I do see units that have been on the market for quite a few months at the same price. I've even seen a couple listings where the price was dropped, which was a shocker.
I suppose late Fall and Winter MLS viewing doesn't give a complete picture, but I keep wondering -- more units on the market, more development, higher prices, rising interest rates, etc...
Of course that's just from browsing the MLS remotely here. Everytime I visit the area I still get the strong urge to buy everything in sight. I think it's something in the water.
lenzoelenzoeBeach FanaticAtlanta/Seagrove595 postsJoined View profileMessageBeach Fanatic
lenzoeBeach FanaticAtlanta/Seagrove595 postsJoined View profileMessageBeach Fanatic9,272 views
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Cork On the OceanCork On the Oceandirectionally challengedSeacrest Beach2,450 postsJoined View profileMessagedirectionally challenged
Cork On the Oceandirectionally challengedSeacrest Beach2,450 postsJoined View profileMessagedirectionally challengedHi,
Yes, DSF is detached single family homes as opposed to attached townhomes or condos and they appear to have shown the highest appreciation this past year.
The data is from the MLS and not available to the public. I have an opt-in monthly sale on my website and send out monthly sales data to clients that have signed up for it.
Areas 17 & 18 are 30A. Area 17 is basically west of Watercolor and area 18 is the east side of 30A. Yes, can retrieve sales trends for Miramar. Just let me know what you need.
Take care,
Debbie Orr
Yes, DSF is detached single family homes as opposed to attached townhomes or condos and they appear to have shown the highest appreciation this past year.
The data is from the MLS and not available to the public. I have an opt-in monthly sale on my website and send out monthly sales data to clients that have signed up for it.
Areas 17 & 18 are 30A. Area 17 is basically west of Watercolor and area 18 is the east side of 30A. Yes, can retrieve sales trends for Miramar. Just let me know what you need.
Take care,
Debbie Orr
FoXFoXBeach Fanaticoff the beach492 postsJoined View profileMessageBeach Fanatic
FoXBeach Fanaticoff the beach492 postsJoined View profileMessageBeach Fanaticanother question, a number of new projects are using the bay as their "water" view, what is the general feeling as to "value" there at current prices.
I'm not sure which developments you refer to or what prices. Can you be more specific?
ecopalecopalBeach Fanatic261 postsJoined View profileMessageBeach Fanatic
ecopalBeach Fanatic261 postsJoined View profileMessageBeach FanaticI have a question about the real estate market.
Aren't there an unusual number of properties on the market on 30A?
Are sales/demand keeping up with the supply?
Aren't there an unusual number of properties on the market on 30A?
Are sales/demand keeping up with the supply?
GVMGVMBeach Lover109 postsJoined View profileMessageBeach Lover
From all I hear, there continues to be a strong demand for property along 30-A, with one caveat: A property must be market priced. There are numerous examples of over priced listings out there, and they're not selling. The properties which are priced according to the market are selling. www.destinproperties.com is a good site for keeping up with what's on the market.
Smiling JOeSmiling JOeSoWal Expert31,643 postsJoined View profileMessageSoWal Expert
Smiling JOeSoWal Expert31,643 postsJoined View profileMessageSoWal ExpertFrom all I hear, there continues to be a strong demand for property along 30-A, with one caveat: A property must be market priced. There are numerous examples of over priced listings out there, and they're not selling. The properties which are priced according to the market are selling. www.destinproperties.com is a good site for keeping up with what's on the market.
It may be okay, but it doesn't have all the current listings.
beachmousebeachmouseBeach FanaticBluewater Bay, FL3,499 postsJoined View profileMessageBeach Fanatic
beachmouseBeach FanaticBluewater Bay, FL3,499 postsJoined View profileMessageBeach FanaticMy favorite real estate site is http://www.emeraldcoasthomesonline.com/ What appears to be thorough MLS coverage, and they have way more pictures than realtor.com does.
KurtKurtAdminSoWal2,470 postsJoined View profileMessageAdmin
KurtAdminSoWal2,470 postsJoined View profileMessageAdminMy favorite real estate site is http://www.emeraldcoasthomesonline.com/ What appears to be thorough MLS coverage, and they have way more pictures than realtor.com does.
That is the site by the local association of Realtors - it is always up to date.
ScooterScooterBeach FanaticAtlanta, GA; New Orleans, LA686 postsJoined View profileMessageBeach Fanatic
ScooterBeach FanaticAtlanta, GA; New Orleans, LA686 postsJoined View profileMessageBeach FanaticThanks, Kurt for all the info on the Port St. Joe area. Was in Mexico Beach about 10 yrs. ago and thought the water was murky. Didn't know why but now I understand. I'm going to stick with SoWal. :clap_1:
KurtKurtAdminSoWal2,470 postsJoined View profileMessageAdmin
KurtAdminSoWal2,470 postsJoined View profileMessageAdminThanks, Kurt for all the info on the Port St. Joe area. Was in Mexico Beach about 10 yrs. ago and thought the water was murky. Didn't know why but now I understand. I'm going to stick with SoWal. :clap_1:
You're welcome. Great fishing over there.
ecopalecopalBeach Fanatic261 postsJoined View profileMessageBeach Fanatic
ecopalBeach Fanatic261 postsJoined View profileMessageBeach FanaticRegarding the real estate market:
Yes I beleive there is a real estate bubble in many parts of the country but if you are lucky enough to own property within walking distance of the Gulf on 30A don't worry.
The wealthiest want to buy here and not only are they are getting richer everyday but there is a tsumani of them nearing retirement. Of all the areas on the "hot list" for special desirable areas 30A is still cheaply priced relative to the alternatives.
The beach isn't spoiled by crowds, crime, and rows of high rises. Also, 30A is one of the few areas that has the best beaches and highest elevation. You can actually live in strolling disance of the beach and not have to buy flood insurance! Residents from low elevation hurricane stricken areas are coming here. Hurrricanes just make this area more in demand.
With the shakey stock market, money is likely to be diverted to a prime real estate area like this. In addition, with the new international airport planned on Hwy 79 it will bring in even more money from the North East as well as international buyers who up till now have concentrated on southern Florida. Just think what a Euro would buy here!
FYI: I am not a real estate agent or developer.
Yes I beleive there is a real estate bubble in many parts of the country but if you are lucky enough to own property within walking distance of the Gulf on 30A don't worry.
The wealthiest want to buy here and not only are they are getting richer everyday but there is a tsumani of them nearing retirement. Of all the areas on the "hot list" for special desirable areas 30A is still cheaply priced relative to the alternatives.
The beach isn't spoiled by crowds, crime, and rows of high rises. Also, 30A is one of the few areas that has the best beaches and highest elevation. You can actually live in strolling disance of the beach and not have to buy flood insurance! Residents from low elevation hurricane stricken areas are coming here. Hurrricanes just make this area more in demand.
With the shakey stock market, money is likely to be diverted to a prime real estate area like this. In addition, with the new international airport planned on Hwy 79 it will bring in even more money from the North East as well as international buyers who up till now have concentrated on southern Florida. Just think what a Euro would buy here!
FYI: I am not a real estate agent or developer.
RiverOtterRiverOttergot any pics?Chattanooga, Tennessee, United States11,444 postsJoined View profileMessagegot any pics?
RiverOttergot any pics?Chattanooga, Tennessee, United States11,444 postsJoined View profileMessagegot any pics?Regarding the real estate market:
FYI: I am not a real estate agent or developer.
😀 Love the disclaimer
beachmousebeachmouseBeach FanaticBluewater Bay, FL3,499 postsJoined View profileMessageBeach Fanatic
beachmouseBeach FanaticBluewater Bay, FL3,499 postsJoined View profileMessageBeach FanaticI did Gulf Coast Triathlon today, and got the Tour de PCB construction sites on parts of the bike and run courses. Hearing about all the new construction going in there is one thing; seeing it is another. It's amazing how much is already going up, and how many more presales are going on.
And how the area is still going to take years to build an upscale infrastructure once you get outside the condo properties proper. Only a handful of good restaurants, still too many head shops.
And how the area is still going to take years to build an upscale infrastructure once you get outside the condo properties proper. Only a handful of good restaurants, still too many head shops.
beachmousebeachmouseBeach FanaticBluewater Bay, FL3,499 postsJoined View profileMessageBeach Fanatic
beachmouseBeach FanaticBluewater Bay, FL3,499 postsJoined View profileMessageBeach FanaticBRAC list is out, and Eglin AFB is supposed to get a 2200 net gain in personnel. Ft. Walton Beach is built out, and it'll be a couple more years until the Ruckels get their big planned north Niceville DRI going. (right now, there's not much buildable land in play there either) So those people are going to be looking further out for housing. Crestview/Mossy Head will get some, but I suspect many others will be looking along the FL 20 corridor between Bluewater Bay and Freeport. It's not a bad commute from that area since they four laned 20 as far as White Point Road.
So I see western Freeport, Choctaw Beach, Villa Tasso, Basin Bayou, and Portland properties getting something of a bump out of it. How much depends on the personnel breakdown, (officers, enlisted, white collar tech) which I haven't seen yet.
So I see western Freeport, Choctaw Beach, Villa Tasso, Basin Bayou, and Portland properties getting something of a bump out of it. How much depends on the personnel breakdown, (officers, enlisted, white collar tech) which I haven't seen yet.
beachmousebeachmouseBeach FanaticBluewater Bay, FL3,499 postsJoined View profileMessageBeach Fanatic
beachmouseBeach FanaticBluewater Bay, FL3,499 postsJoined View profileMessageBeach FanaticFlorida Association of Realtors numbers on existing single family home sales are out for April. Interesting reading, even if SoWal is too small of an area for them to cover. (they only list MSAs, not rural areas)
http://media.living.net/releases/april05sales.htm
"ORLANDO, Fla., May 24, 2005 -- Different month, same story for sales of existing single-family homes in Florida in April: high demand, still-low mortgage rates and a short supply of homes available for sale, bringing the statewide median sales price to $218,600 -- a 26 percent increase over the April 2004 figure, according to the Florida Association of Realtors? (FAR).
In 2000, the statewide median sales price was $115,900, which represents a dramatic 88.6 percent increase over the five-year-period, according to FAR records. The median is a typical market price where half the homes sold for more, half sold for less. "
For Fort Walton Beach MSA, number of sales fell slightly and median sales price increased 37% from $185K in April of 2004 to $253K in April of 2005.
For Panama City MSA, number of sales increased slightly and median sales price increased 27% from $158K in April of 2004 to $200K in April of 2005.
http://media.living.net/releases/april05sales.htm
"ORLANDO, Fla., May 24, 2005 -- Different month, same story for sales of existing single-family homes in Florida in April: high demand, still-low mortgage rates and a short supply of homes available for sale, bringing the statewide median sales price to $218,600 -- a 26 percent increase over the April 2004 figure, according to the Florida Association of Realtors? (FAR).
In 2000, the statewide median sales price was $115,900, which represents a dramatic 88.6 percent increase over the five-year-period, according to FAR records. The median is a typical market price where half the homes sold for more, half sold for less. "
For Fort Walton Beach MSA, number of sales fell slightly and median sales price increased 37% from $185K in April of 2004 to $253K in April of 2005.
For Panama City MSA, number of sales increased slightly and median sales price increased 27% from $158K in April of 2004 to $200K in April of 2005.
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