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  1. D

    Need Advice on Lot for Sale in Heritage Plantation

    Also of note... the 33rd Fighter Wing is in drawdown mode now and will be out of Eglin to prepare for the eventual arrival of the JSF Training Program... So that move is basically a wash... but who would expect the EDC to report what could be seen as negative economic...
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    15K primary residence tax credit in stimulus bill

    ding, ding, ding, ding... we have a winner!!!! This is just kickin' the can down the road... When median home values are 3x median income all will be good. Anything else is burdening our future to try to maintain a life we can't afford today!!!
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    It's Better in Sowal, isn't it?

    I would venture a guess that the 1 probably refers to the percentage of properties sold compared to inventory... roughly 1% of the properties listed sold in the month of September.... Still a horific statistic either way!!!
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    Is JOE worth buying ???

    Where do we go from here? JOE below 26 today... I guess drsvelte got his limit order at 26 that goofer said would never be done.... (posts 2-6 in this thread that started in july '07)
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    Sanctuary at Redfish Preview Party this Sunday from 4-7pm

    Current Listings... http://www.destin123.com/Sanctuary_At_Redfish.htm Properties sold at auction........ Sanctuary at Redfish #1107....3br, 1778? sf....$467,500 Sanctuary at Redfish #1102....3br, 1778? sf....$396,000 Sanctuary at Redfish #2102....3br, 1778? sf....$401,500 Sanctuary at Redfish...
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    Sanctuary at Redfish Preview Party this Sunday from 4-7pm

    Bit of a haircut on the Sanctuary at Redfish units compared to those listed for sale on the MLS... WOW!!! Would be interesting to see what the original sale prices were on some of these auctioned properties... But dont you worry, I believe the Realtors are calling another bottom :lolabove:
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    Long Term Rental Market

    Rentals via ECAR data... May '06 - 680 listings May '07 - 804 listings May '08 - 1225 listings I would say the data shows plenty of rentals on the market... and if any price pressure is out there it would be to lower rents...
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    Real Estate Values and Rental Income

    Smiling Joe, Great post... kinda suprised me coming from a Realtor though... maybe you do rentals as well? :D
  9. D

    Buyer in Watercolor

    Should I not have some resentment toward the entire RE complex... The collusion, fraud, and anything to get a buck mentality is exactly what put us in this situation... Sure the buyers bought the property... but they needed someone to loan them the money... someone to hit the number of the...
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    Buyer in Watercolor

    Are these "decent" appraisers the same ones that colluded with the banks and lenders to run up home prices over 20% a year for 5 straight years??? Any sensible person, let alone a sensible person whos job it is to appraise houses, would know that the values being "appraised" in 2004-2005 were...
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    Market Shows improvement

    FAR website with data... http://media.living.net/statistics/statisticsfull.htm Scroll down to bottom... click 2007 September condo sales... compares to September 06 in the data... matches with the article... Fun info on there... Unfortunetly they do not have condo sales data for year end...
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    Rate cut or no?

    Oil at all time highs... Dollar quarter century lows... House passing a bill to increase FHA limits to $729,750, and eliminate the to expensive 3% required down payment... Fed cuts rates 0.5%... All good signs for the economy ahead right??? We can just borrow ourselves out of any problem...
  13. D

    Home on Eastern Lake with Pool and Putting Green for $366 per sq. ft.

    George, Check out your county property appraisser website... lots of info on properties... Don't know if this link will work, but try this. http://64.234.218.210/cgi-bin/walton_display.cgi?KEY=19-3S-18-16180-000-0140& Scroll down and sales of property are given to reveal... 01-10-2005 2649...
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    Good Time To Be A Renter

    Personally, at least in this area (ie Emerald Coast), I would say that most landlords dont have it to good down here... ECAR's available rental units (supply) have increased from the high 600's last year to the high 900's this year... Rents may have increased a tad if not decreased will...
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    New restrictions on financing

    Markets down 3-5% from all time record highs, no news from the FED just a couple days ago about any market worries... then all of a sudden the FED and the ECB see the need today to inject UNLIMITED cash... Must be good news coming from the markets in the near future :roll: :shock:
  16. D

    Seacrest Beach 4br short/long term lease offer

    What monthly rent are you looking for, and will the rate come down with length of lease? Thanks
  17. D

    Lots of Activity

    I have been following inventory from the following areas via Realtor.com since June of 2005... (Dont know if this will be useful info for anyone, but thought I would share) Destin, Niceville, Crestview, Navarre/Gulf Breeze, and Freeport All cities followed were at there lowest since I...
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    April New Home Sales Better Than Expected

    Just shows the abilities of the big HB's taking the hit on price to increase volume... In the end this will kill resales and just create more foreclosures, short sales, and the like... Price sacrifice for volume... sounds good in the headlines, but I think it will end up causing even more...
  19. D

    Misc Owl's Head development north of Freeport 2005-2008

    What is the latest on this development Joe? I pass it once in a blue moon on travel and went past it this past weekend... still looks like the same open piece of land it did when they announced the neighborhood over a year ago (maybe 2 by now)... Although they did have nice flowers at the...
  20. D

    Driftwood Estates Homes

    Check out the website linked below... Looks more like 37 currently on the market... flippers paradise gone bad... http://www.destin123.com/Driftwood_Estates.htm
  21. D

    Florida's Looming Insurance Crisis

    Please read the article attached... First two paragraphs from article below read ... "Effective immediately, military personnel insurer USAA said it will "significantly restrict" the number of new homeowner, fire, and renter insurance policies it sells in Florida. USAA will only sell new...
  22. D

    Misguidance on Real Estate plunge

    I dont doubt they are... but I will wait and let a few others reset those comps downward a bit first... :D
  23. D

    Misguidance on Real Estate plunge

    BobbyJ, Just wanted to say that I (and probably others) appreciate your honest comments especially from someone in the biz like yourself... Also would like to recomend a really helpful online tool to follow what is going on in the Destin market... I know most on here would like to see...
  24. D

    Misguidance on Real Estate plunge

    Great post... totally agree... Seems the Treasury Secretary has a different view though :) I really do wonder what signs he is looking at... - skyrocketing inventory - tightening mortgage market - foreclosures increasing - property insurance increasing - taxes increasing - salaries not...
  25. D

    Whoa! Just got my insurance bill.

    Shelly, I will admit that I did not follow the gov't involvment into this issue the past couple months as much as a should... but I thought I repeatedly read how congress passed legislation that would hold rates steady for a period of time and there would even be some refund checks being sent...
  26. D

    Freeport Real Estate - general discussion

    SJ, Thanks for the info... Looks like the Quick Move In homes in Hammock Bay I are listed for about $8k more than the price shown on the floorplan starting price... Guess that reflects the lot it sits on. Just thought it was interesting to see home prices in the same 'hood listed 30% lower...
  27. D

    Freeport Real Estate - general discussion

    What's the scoop on DR Horton's website about Hammock Bay II... Hammock Bay 1700 sq ft - $290 k ... $170/sq ft 2008 sq ft - $330 k ... $164/sq ft 2017 sq ft - $325 k ... $161/sq ft 2238 sq ft - $337 k ... $150/sq ft 2370 sq ft - $376 k ... $158/sq ft Hammock Bay II 1976 sq ft - $230 k...
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    The dollar slide making U.S. real estate a bargain to foreign investors.

    ... and many people have invested in RE in the last couple years to now owe the bank more money than they have or will ever have... So therefore not only do they lose the potentially wonderful investment of RE as you profess but they also have the bank or government take back that pretty...
  29. D

    The dollar slide making U.S. real estate a bargain to foreign investors.

    What a wonderful argument you have there... pick out a couple stocks with down years and voila RE is the best investment in the world... You know I can do the same only much worse with RE over the last year... What if you were lucky enough to buy a new townhome in Diamond Lakes (Destin) for...
  30. D

    Nervous Condo Buyers Want Out

    Take a look at the current pendings (most likely all preconstruction contracts) at One Water Place (Kelly Plantation)... Unit #505 (3008 sq ft.) - $1,299,000 Unit #1407 (3220 sq ft.) - $1,799,000 Unit #803 (3220 sq ft.) - $1,395,000 Unit #908 (3220 sq ft.) - $1,500,000 Unit #804 (3415 sq...
  31. D

    January Real Trend Report in Walton Sun

    FAR January Existing Homes/Condos Data ... I do not know if any of these MSA's actually include SoWal, but there definately is no uptick in activity in the surrounding areas... ------ Florida Sales Report - January 2007 Single-Family, Existing Homes Realtor...
  32. D

    The Mortgage Lender Implode-O-Meter

    This article may give you some related data, but not exactly what you are looking for... I know it is a bit dated, but it shows how speculative this market from Pcola to Panama City is and has been... http://www.sptimes.com/2005/06/06/Columns/New_rage_in_mortgages.shtml From the article...
  33. D

    CA Mortgage Company announces "no mortgage payment for 1 year" loan - "12MoDef"

    Look at the income requirements for the Florida first time buyer program... Household with 3 or more people in it in Walton county can not make more than $63,020 salary... yet you can qualify for a purchase price of up to $370,533... Looks like the only thing the Florida first time home...
  34. D

    The best bargain on a 30A lot?

    Another example of absolutely crazy pricing in my opinion... To show I will again use a rental in the same neighborhood to make my point... Cassine Village, $1800/month, 2000 sq. ft, fully furnished. Sorry to hijack your thread, but to all the naysayers that questioned my pick of...
  35. D

    Opinions requested regarding SoWal real estate pricing...

    Like I had said in an early post, pick any neighborhood you would like.... 99% of the time you will come up with the same outcome I have shown.. The ONLY reason I used Village of Blue Mountain is because it was the first rental I saw when searching in the SoWal area for an example to be used...
  36. D

    Opinions requested regarding SoWal real estate pricing...

    I was just looking for a quick neighborhood comparison for rental and home purchase... It can be done for almost every neighborhood in Okaloosa, and Walton county and the same results would be found... I apologize for not getting an exact match, but I thought same neighborhood, all new...
  37. D

    Opinions requested regarding SoWal real estate pricing...

    Village of Blue Mountain Home 4 Bed 3 Bath... $2,000/month with $1,000 of first months lease with a signed 1 year lease... http://www.emeraldcoasthomesonline.com/(lgormwndeim4lf3zqxhcpa45)/propertyDetails.aspx?mls=451173 Village of Blue Mountain Homes for sale...
  38. D

    Opinions requested regarding SoWal real estate pricing...

    I am really tired of hearing this line of crap... If you buy, you are building equity... If you rent, you are throwing money away... Lets actually look at this simplistic mainstream idea a bit deeper... Lets assume as you have stated that the market will stagnate for a few years and I...
  39. D

    Real Estate Supply

    Now that I start looking into the numbers even deeper it gets even more confusing... Nov 05 data (from FAR) shows Existing Home Sales at 322 for FWB MSA... Then when the give the Nov 06 data at 154 Existing Home Sales they magically drop (revise???) the compared Nov 05 Existing Home Sales to...
  40. D

    Real Estate Supply

    Can someone tell me what the ECAR MLS market area includes and why it is so incredibly different than the FAR numbers then... My assumption being that if the FWB metro area sales (includes Destin, FWB, Niceville, Crestview) was down 37% yoy in Nov for SFH's and down 8% yoy in Nov for...
  41. D

    Real Estate Supply

    Thanks for the data Smiling Joe, very appreciated... Looks like some people are bitting on the price declings in the condo and townhome markets... Following a few of them I would expect so... for example a new townhome development in Destin (Quail Lake) had units for sale all above $300,000...
  42. D

    Real Estate Supply

    I will quote the 2 paragraphs directly from the newspaper... ----- "In 2006, residential sales in Santa Roas, Okaloosa, Walton, and Bay Counties - including condos and townhomes - were down by about 20 percent from 2005, according to recent Association of Realtors statistics. However, those...
  43. D

    Real Estate Supply

    Can someone explain this huge descrepancy to a non RE math guy... In the NWF Daily news today... ECAR said how residential sales in '06 were down about 20 percent from '05, but sugar coated it with the positive news that Novemeber 06 sales were up 33 percent from November 05 sales in the...
  44. D

    3 plus bedroom on Canal for rent

    Or the price $250k-$350k... If you look into it a bit deeper, rents reflect todays costs and what people can afford today... Home prices can be put off or even put into a neg amortization loan... so the price may not really reflect what the demographics can currently afford... which I...
  45. D

    3 plus bedroom on Canal for rent

    Yet another person with a home listed for 250+ times the going monthly rental rate.... Is there any wonder why the RE market is dead??? Rule of thumb has always been closer to the 120-150 range if I am not mistaken... Seems to me his house is priced double its worth... sounds like all the...
  46. D

    4 Bedroom Condo with Gulf Views

    Or just reset the downward spiral of comps...
  47. D

    Proper Balloon Placement

    Hmmmm... In what type of environment does increase in price WAAAAYYY above fundamentals produce more buying... and decrease in price from market peak create more selling... You guessed it... a BUBBLE aka Market Mania... Call it what you will... but we are in for a long ride down where few will...
  48. D

    Citizens to hike insurance rates 56%

    More bad news for Citizens homeowners insurance holders..... http://www.miami.com/mld/miamiherald/16033075.htm "If you have windstorm insurance from Citizens, look out -- yet another rate increase is coming your way. Rates will jump 55.8 percent early next year for the nearly...
  49. D

    Mortgage Fraud

    More related mortgage fraud info from FL... Suspicious Property Deals On The Rise Skip directly to the full story. By SHANNON BEHNKEN The Tampa Tribune http://www.tbo.com/news/metro/MGBUUK5S4UE.html?imw=Y
  50. D

    New Construction Craze

    Anybody see the new prices at Plantation of Santa Rosa??? DR Horton has three floorplans in there now ranging from $229,900 to $251,990.... They started at $299,900 not to long ago... Will be interesting to see how a major national builder like this will effect the local market in...
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