Beaches of South Walton Hotsheet

BP maybe, but more likley the expiring federal tax credits. Contracts are down nationally by about the same amount - ~60%.

BP maybe, but more likley the expiring federal tax credits. Contracts are down nationally by about the same amount - ~60%.

My money says BP. We were on track to having a record year. The federal tax credits don't make phones stop ringing in one day. Disasters do...

My money says BP. We were on track to having a record year. The federal tax credits don't make phones stop ringing in one day. Disasters do...

I agree with you Bobby. We also were on track for one of the strongest years since the boom nd the day that the news released that the oil was going to pensacola, we had 4 contracts cancel. I have numerous emails from people stating that they have changed their mind due to the oil spill and about 6 people a day that are opting out of their automated listings. These current actives would have known when the tax credits were expiring and it wouldnt have caused them all to drop in sync.

We were clearly on track for at least a "surge" in sales for a while but BP shut it down. I've been in contact with people who say sales have been affected all the way down to southwest Florida.

If we are still lucky enough to escape massive damage by the time it's capped, I think we will see a lot of activity late August (assuming that's when they can cap it).

PR: wait... I: wait... L: wait... LD: wait... I: wait...wait... Rank: wait... Traffic: wait... Price: wait... C: wait...

With sales off this much in Walton County, which traditionally has more expendable income than other counties, it would be interesting to see what counties like Okaloosa to Escambia look like for a comparable market selection. BRAC would need to be excluded from the figures if possible.

With sales off this much in Walton County, which traditionally has more expendable income than other counties, it would be interesting to see what counties like Okaloosa to Escambia look like for a comparable market selection. BRAC would need to be excluded from the figures if possible.

I bet Pensacola has been devistated. There are video on YouTube of their oiled beaches being forwarded around all over the place. I have friends out on California who are emailing me links asking.. "is this your beach?"

Hotsheets are back!~

Sorry It's been a while but back on track and will be posting hotsheets regularly again

South Walton Hotsheet 08/30/10

Destin Coming Soon

Sorry It's been a while but back on track and will be posting hotsheets regularly again

South Walton Hotsheet 08/30/10

Destin Coming Soon

Down and down they go, where they stop, nobody knows!

Which brilliant bank manager raised that treetop lot 30% to 169K, when other lots in treetop are listed for 40K? :roll:

Wow!

That Lakeview lot sold in 2004 for 639K.

New Destin Hotsheet is up

Here you go guys. This weeks Destin Hotsheet. Trying to Sowal on Weekends (Sat or Sunday) and Destin mid week.

http://www.uniquepanhandleproperties.com/hotsheetdestin9-1-10.pdf

Look for Sowal over the weekend if you have interest in PCB, I will post that as well.

Also, ran a sales trend for a client in an analysis for a potential purchase of a 3BR/3BA Beachfront Condo on 30A. Since there were no recent comps, I ran all 3&4BR beachfront Condos on 30A to see where we are pricewise since last September. The data in the columns to the left are Month sold, #of Sales and Average Sq Ft Price. Here's the results of Sales of 3 & 4 Bedroom condos on 30A from 9/1/09 to 8/31/10,

http://www.uniquepanhandleproperties.com/30acondos3brup9-09-8-10.pdf

Sorry data isn't labeled but did it for internal use and just thought someone might be interested. It was interesting to me that in the last year, sq ft prices have remained relatively the same in spite of the fact that the number of sales dropped off so badly after BP came into our lives.

From the data on left - (# of sales, not sq ft price) - Interestingly, Sales jumped up as expected for the beginnning of our busy season in March. Then in the fateful month of April (AKA BP happened), sales dropped significantly. The when it was announced in June that the oil could be hitting Florida shores, the sales dropped way down to only 2 and remained only 2 in July. Remember these numbers are only 3 & 4BR Beachfront Condos. I suspect we would see this trend in all of ECAR. Maybe if I have time, will check it out. I think we would have had a great year had it not been for the spill.

Last week's hotsheet

Here's last sowal hotsheet and have another coming next day or so:

http://www.uniquepanhandleproperties.com/hotsheetsowal-9-8-10.png

Also, here's most recent Panama City Beach Hotsheet:

http://www.uniquepanhandleproperties.com/PCB_Hot_Sheet_09-05-10.pdf