Wow 12-20% price drops on 10 or more homes. looks like desperation sitting in on the high end.
ALYS BEACH
EAST OF CAMP CREEK30 WHITBY COURT
ALYS BEACH, FL$2,050,000 --> $1,590,000-22%3322991483348ALYS BEACH
EAST OF CAMP CREEK94 N. CHARLES STREET
PANAMA CITY BEACH, FL$2,200,000 --> $1,875,000-15%3321871509862ALYS BEACH
EAST OF CAMP CREEK30 NORTH CHARLES
ALYS BEACH, FL$2,350,000 --> $1,885,000-20%3330161498954ALYS BEACH
EAST OF CAMP CREEK101 N. SOMERSET STREET
ALYS BEACH, FL$1,900,000 --> $1,650,000-13%3323761498956ALYS BEACH
EAST OF CAMP CREEK93 N. SOMERSET STREET
ALYS BEACH, FL$2,015,000 --> $1,705,000-15%3321191507169ALYS BEACH
EAST OF CAMP CREEK56 N. CHARLES STREET
ALYS BEACH, FL$2,125,000 --> $1,750,000-18%3325611483346ALYS BEACH
EAST OF CAMP CREEK86 N. CHARLES STREET
ALYS BEACH, FL$2,075,000 --> $1,750,000-16%4423621440599ALYS BEACH
EAST OF CAMP CREEK50 SEVEN WELLS CT
PANAMA CITY BEACH, FL$2,050,000 --> $1,750,000-15%3326721509859ALYS BEACH
EAST OF CAMP CREEK38 NORTH CHARLES
ALYS BEACH, FL$2,344,000 --> $1,875,000-20%4425841476896ALYS BEACH
EAST OF CAMP CREEK100 N. CHARLES STREET
ALYS BEACH, FL$2,275,000 --> $1,895,000-17%3325091483083ALYS BEACH
EAST OF CAMP CREEK46 N. CHARLES STREET
ALYS BEACH, FL$2,300,000 --> $1,950,000-15%3325841507197ROSEMARY BEACH
EAST OF CAMP CREEK102 WEST WATER ST
ROSEMARY BEACH, FL$2,499,000 --> $2,299,000-8%6546871498735ALYS BEACH
EAST OF CAMP CREEK101 S CHARLES STREET
ALYS BEACH, FL$3,150,000 --> $2,800,000-11%432912
Replies
42
SWGB
I'd say it's time to more the inventory on the North side before it really drops with homes going in the South side. When the view dries up so does the asking price.
SoWal Insider
Thanks for the warning!! I'll need to reroute my travels off of 30A to avoid the thundering mob of bargain hunters!/sarcasm off
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Beach Fanatic
Wow 12-20% price drops on 10 or more homes. looks like desperation sitting in on the high end.
ALYS BEACH
EAST OF CAMP CREEK30 WHITBY COURT
ALYS BEACH, FL$2,050,000 --> $1,590,000-22%3322991483348ALYS BEACH
EAST OF CAMP CREEK94 N. CHARLES STREET
PANAMA CITY BEACH, FL$2,200,000 --> $1,875,000-15%3321871509862ALYS BEACH
EAST OF CAMP CREEK30 NORTH CHARLES
ALYS BEACH, FL$2,350,000 --> $1,885,000-20%3330161498954ALYS BEACH
EAST OF CAMP CREEK101 N. SOMERSET STREET
ALYS BEACH, FL$1,900,000 --> $1,650,000-13%3323761498956ALYS BEACH
EAST OF CAMP CREEK93 N. SOMERSET STREET
ALYS BEACH, FL$2,015,000 --> $1,705,000-15%3321191507169ALYS BEACH
EAST OF CAMP CREEK56 N. CHARLES STREET
ALYS BEACH, FL$2,125,000 --> $1,750,000-18%3325611483346ALYS BEACH
EAST OF CAMP CREEK86 N. CHARLES STREET
ALYS BEACH, FL$2,075,000 --> $1,750,000-16%4423621440599ALYS BEACH
EAST OF CAMP CREEK50 SEVEN WELLS CT
PANAMA CITY BEACH, FL$2,050,000 --> $1,750,000-15%3326721509859ALYS BEACH
EAST OF CAMP CREEK38 NORTH CHARLES
ALYS BEACH, FL$2,344,000 --> $1,875,000-20%4425841476896ALYS BEACH
EAST OF CAMP CREEK100 N. CHARLES STREET
ALYS BEACH, FL$2,275,000 --> $1,895,000-17%3325091483083ALYS BEACH
EAST OF CAMP CREEK46 N. CHARLES STREET
ALYS BEACH, FL$2,300,000 --> $1,950,000-15%3325841507197ROSEMARY BEACH
EAST OF CAMP CREEK102 WEST WATER ST
ROSEMARY BEACH, FL$2,499,000 --> $2,299,000-8%6546871498735ALYS BEACH
EAST OF CAMP CREEK101 S CHARLES STREET
ALYS BEACH, FL$3,150,000 --> $2,800,000-11%432912
Not desperation in the high end. Just the folks at EBSCO trying to get in line with the market. However, they are still probably 40% to 60% too high if they want to start moving product. At the new prices, they still won't have any significant sales. If they want to sell, they need to get ahead of the market in terms of pricing. At these prices they are still 2 or more years behind the market. They haven't sold more than a handful of homes and lots over the last two or three years.
Banned
Not desperation in the high end. Just the folks at EBSCO trying to get in line with the market. However, they are still probably 40% to 60% too high if they want to start moving product. At the new prices, they still won't have any significant sales. If they want to sell, they need to get ahead of the market in terms of pricing. At these prices they are still 2 or more years behind the market. They haven't sold more than a handful of homes and lots over the last two or three years.
Buildings don't make towns, residents do.
Admin
Desperation is not the appropriate word. Desperation would be on the order of a 40-50% price drop. I would say it is a measured price adjustment in response to current market conditions. What does that mean? Ebsco has invested a huge amount of time and money to develop a world-class destination, and is not going to drop prices just to "start moving product". Sure they want sales, but for now they have the luxury of waiting for the market to adjust. At the same time they are not foolish. I believe they, like many others, are rolling out new pricing in time for the spring and summer season to generate new interest (it got posted here, see it's working).
Alys Beach certainly has a lot of interest in their town and are as good as it gets in marketing. Maybe some who want to buy there but are on the fence just need a little push.
There is a ton of building going on out there. If you haven't been to Alys Beach lately, check it out. The place is buzzing.
Alys Beach certainly has a lot of interest in their town and are as good as it gets in marketing. Maybe some who want to buy there but are on the fence just need a little push.
There is a ton of building going on out there. If you haven't been to Alys Beach lately, check it out. The place is buzzing.
SoWal Expert
Wow 12-20% price drops on 10 or more homes. looks like desperation sitting in on the high end.
ALYS BEACH
EAST OF CAMP CREEK30 WHITBY COURT
ALYS BEACH, FL$2,050,000 --> $1,590,000-22%3322991483348ALYS BEACH
EAST OF CAMP CREEK94 N. CHARLES STREET
PANAMA CITY BEACH, FL$2,200,000 --> $1,875,000-15%3321871509862
I'm curious. I clicked on the first two links in your list. I see nothing regarding the original listing price and the percentage of reduction. Where did that information come from? Also, I clicked on the first listing link, which you claim is priced at $1,590,000, yet the link shows it is priced differently at $1.875 million. The second link states a price of $2.2 million, but the actual listed price is different on the link. Did I miss something?
Banned
I'm curious. I clicked on the first two links in your list. I see nothing regarding the original listing price and the percentage of reduction. Where did that information come from? Also, I clicked on the first listing link, which you claim is priced at $1,590,000, yet the link shows it is priced differently at $1.875 million. The second link states a price of $2.2 million, but the actual listed price is different on the link. Did I miss something?
Good Questions
Beach Lover
i wonder if they have gone down on the price of renting their venues? $10,000 for the Caliza Pool!!!!!
SoWal Insider
I'm curious. I clicked on the first two links in your list. I see nothing regarding the original listing price and the percentage of reduction. Where did that information come from? Also, I clicked on the first listing link, which you claim is priced at $1,590,000, yet the link shows it is priced differently at $1.875 million. The second link states a price of $2.2 million, but the actual listed price is different on the link. Did I miss something?
Looking at this again I can see what happened. The links should be at the beginning of a listing. The first listing does not have a link. The first link is to the second listing, and on down the line.
That said, I would not expect to bargain hunt at Alys Beach anytime soon. They can afford to hold off on price drops and they should. The town is exquisitely designed and is getting more interesting all the time!
Banned
Looking at this again I can see what happened. The links should be at the beginning of a listing. The first listing does not have a link. The first link is to the second listing, and on down the line.
That said, I would not expect to bargain hunt at Alys Beach anytime soon. They can afford to hold off on price drops and they should. The town is exquisitely designed and is getting more interesting all the time!
Hear, hear
Beach Fanatic
but for now they have the luxury of waiting for the market to adjust.
There is a ton of building going on out there. If you haven't been to Alys Beach lately, check it out. The place is buzzing.
What makes you think they have the luxury of waiting? Ebsco has a lot of business interests. However, two big interests are publishing and real estate. Two very, very bad businesses to be in these days.
I don't think they have the luxury of waiting much longer before they must drop prices significanlty as others have up and down 30A (ie: individual property owners, JOE, Willis, Sanctuary, Redfish Village, etc, etc, etc). All that building you refer to above costs big bucks and Ebsco likely needs to get the cash flowing in soon versus flowing out.
I don't think they have as much time as you think.
Anyone know exactly how many units of land and homes sold last year in Alys? How about the year before? The Walton County website lists only a few but I don't completely trust the data.
Banned
What makes you think they have the luxury of waiting? Ebsco has a lot of business interests. However, two big interests are publishing and real estate. Two very, very bad businesses to be in these days.
I don't think they have the luxury of waiting much longer before they must drop prices significanlty as others have up and down 30A (ie: individual property owners, JOE, Willis, Sanctuary, Redfish Village, etc, etc, etc). All that building you refer to above costs big bucks and Ebsco likely needs to get the cash flowing in soon versus flowing out.
I don't think they have as much time as you think.
Anyone know exactly how many units of land and homes sold last year in Alys? How about the year before? The Walton County website lists only a few but I don't completely trust the data.
You know that Alys owns the construction company and self performance is very different from hiring a contractor from their list.
Beach Fanatic
You know that Alys owns the construction company and self performance is very different from hiring a contractor from their list.
How long has Ebsco owned Wave Construction? I thought a local guy started Wave up many years ago and built many, many homes in RMB before becoming the preferred, if not only, builder in Alys.
Beach Comber
What makes you think they have the luxury of waiting? Ebsco has a lot of business interests. However, two big interests are publishing and real estate. Two very, very bad businesses to be in these days.
I don't think they have the luxury of waiting much longer before they must drop prices significanlty as others have up and down 30A (ie: individual property owners, JOE, Willis, Sanctuary, Redfish Village, etc, etc, etc). All that building you refer to above costs big bucks and Ebsco likely needs to get the cash flowing in soon versus flowing out.
I don't think they have as much time as you think.
Anyone know exactly how many units of land and homes sold last year in Alys? How about the year before? The Walton County website lists only a few but I don't completely trust the data.
i would be surprised if they have sold more than five properties total in last couple of years.
Admin
How long has Ebsco owned Wave Construction? I thought a local guy started Wave up many years ago and built many, many homes in RMB before becoming the preferred, if not only, builder in Alys.
They do not own Wave and Wave has been out of the picture for quite awhile. What is your beef with Alys Beach?
Admin
What makes you think they have the luxury of waiting? Ebsco has a lot of business interests. However, two big interests are publishing and real estate. Two very, very bad businesses to be in these days.
I don't think they have the luxury of waiting much longer before they must drop prices significanlty as others have up and down 30A (ie: individual property owners, JOE, Willis, Sanctuary, Redfish Village, etc, etc, etc). All that building you refer to above costs big bucks and Ebsco likely needs to get the cash flowing in soon versus flowing out.
I don't think they have as much time as you think.
Anyone know exactly how many units of land and homes sold last year in Alys? How about the year before? The Walton County website lists only a few but I don't completely trust the data.
I don't know how much time they have. I believe they are better suited to plan for the long term, precisely because they have other business interests. I do know they are moving forward where most others are not.
As for others dropping prices in SoWal, based on list prices, there is a clear division between owners who have to sell and those who don't. The list changes every day though.
Beach Fanatic
They do not own Wave and Wave has been out of the picture for quite awhile. What is your beef with Alys Beach?
...and your connection with Alys Beach??
Banned
How long has Ebsco owned Wave Construction? I thought a local guy started Wave up many years ago and built many, many homes in RMB before becoming the preferred, if not only, builder in Alys.
I know Scott from Wave construction and have worked side by side with him several times. My framing company did a lot of sub-contract work for Wave. Most recently New Wave Riders and Chambers Street Builders both started model homes in WaterSound West Beach on the same exact day.
Scott told me years ago about his partnership/acquisition transaction with Alys. They have since seperated. Alys was able to keep many of the tradesman after the divorce. One of my phone numbers was 1 digit from the Alys building entitie's and we received many, many phone calls and messages that we shouldn't have. I phoned Alys several times to tell them that proprietary info. was spilling into our realm, but the calls persisted.
Edited
Banned
...and your connection with Alys Beach??
Alys is very, very good for South Walton. We should be thankful that Jason's family is seeing it through.
SoWal Expert
i would be surprised if they have sold more than five properties total in last couple of years.I guess you are officially surprised, because in 2008 alone, County records show nine properties selling in Alys Beach.
Admin
They have recently closed on 1/3 of the available gulf front lots. Hey - 1 out of 3 ain't bad! :wink:
SWGB
They have recently closed on 1/3 of the available gulf front lots. Hey - 1 out of 3 ain't bad! :wink:
I'm betting they'll all be sold before the first brick gets laid.
Beach Fanatic
I guess you are officially surprised, because in 2008 alone, County records show nine properties selling in Alys Beach.
One lot shown as sold by Ebsco in 2008. Six homes shown as sold by Ebsco in 2008. One resale in 2008. And, one home resold by original owner back to Ebsco in 2008 (wonder what that was all about????).
One home shown as sold in 2007.
Not exactly flying off the shelves (but county records may be wrong). At the rate of one lot and six homes per year, they will be built out in about the year 2110.
Beach Fanatic
They have recently closed on 1/3 of the available gulf front lots. Hey - 1 out of 3 ain't bad! :wink:
Exactly how many were up for sale and how many sold? When were the closings?
According to county records, there have been only 4 warranty deeds filed by Ebsco over the last 4 months.
SoWal Expert
Dunno about the sales figures or the balance sheet, but it's one of my favorite developments on 30-a and consistently has events I love. The Caliza pool is one of my favorite places.
If they have the resources to keep developing slowly and with the same level of quality, I think it will be one of the premiere communities on 30-A. (And my only interest in the community is that I REALLY like it - no gain to me besides joy if it succeeds.)
If they have the resources to keep developing slowly and with the same level of quality, I think it will be one of the premiere communities on 30-A. (And my only interest in the community is that I REALLY like it - no gain to me besides joy if it succeeds.)
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