General State of the Real Estate Market?

[Kurt]

In terms of water clarity, are the barrier islands any better? What about places such as St George Island, Cape San Blas, Dog Island? (I notice St George allows dogs at the Franklin County beaches.)

The clear water stops around Cape San Blas, any further East and you're dealing with river estuaries and shallow bays. Great for fishing and other wildlife.

 

[Buckhead Rick]

another 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.

 

[Cork On the Ocean]

Yes, that's what I'm wondering -- how many sold vs. available in the same time frame.

I realize the number of active listings wouldn't necessarily match up to the sold pool, it still would be interesting to know the numbers active for each type vs. the same period the prior year, and I would think that would be easier to identify than trying to exactly match things up, as you point out. Just curious.

Hi Lenzoe,

These are the numbers for properties LISTED during the timeframe not ACTIVE. So within the 3 month timeframe, some of these listings will have been sold, pending, expired by the end of the timeframe sampled but all of them were listed in the period which I think is what you were looking for.

Areas 17 & 18 DSF: Listed 01/01/04-03/28/04
Total # of Listings 210
Lowest Price Listing $99,500
Highest Price Listing $5,300,000
Average Price $866,285
Ave Price/sq ft $422.52

Areas 17 & 18 DSF: Listed 01/01/05-03/28/05
Total # of Listings 293
Lowest Price Listing $300,167
Highest Price Listing $7,999,999
Average Price $1,678,793
Ave Price/sq ft $728.39


Areas 17 & 18 Condos: Listings 01/01/04-03/28/04
Total # of Listings 190
Lowest Price Listing $119,000
Highest Price Listing $3,049,900
Average Price $615,717
Ave Price/sq ft $499.93


Areas 17 & 18 Condos: Listings 01/01/05-03/28/05
Total # of Listings 274
Lowest Price Listing $234,500
Highest Price Listing $4,300,000
Average Price $900,691
Ave Price/sq ft $621.54

Amazingly, 2 of the Andante Penthouses for 4.4Mil went under contract.

Areas 17 & 18 Res Land: Listed 01/01/04-03/28/04
Total # of Listings 316
Lowest Price Listing $44,000
Highest Price Listing $6,300,000
Average Price $555,624

Areas 17 & 18 Res Land: Listed 01/01/05-03/28/05
Total # of Listings 591
Lowest Price Listing $80,000
Highest Price Listing $9,499,000
Average Price $864,347

Looks like DSF are definitely the way to go for appreciation..

I also wanted to run the data on condos in Panama City Beach because my concern is that there's just too much inventory over there. For that reason, among others, I really prefer 30A for investing. You know, decreased supply ---- increased demand. Here's the numbers on PC condos. There's 2 many listings to average price and sq ft price on all of them (system caps reports at 152 listings)

Area 2703 (beach) Condos: Listings 01/01/04-03/28/04
Total # of Listings 436
(Approx twice as many as 30A)
Lowest Price Listing $66,676
Highest Price Listing $610,530


Areas 2703 (beach) Condos: Listings 01/01/05-03/28/05
Total # of Listings 850
(Almost 3 times as many as 30A)
Lowest Price Listing $110,000
Highest Price Listing $1,000,000

 

[RiverOtter]

Areas 17 & 18 DSF: Listed 01/01/04-03/28/04
Total # of Listings 210
Lowest Price Listing $99,500
Highest Price Listing $5,300,000
Average Price $866,285
Ave Price/sq ft $422.52

Areas 17 & 18 DSF: Listed 01/01/05-03/28/05
Total # of Listings 293
Lowest Price Listing $300,167
Highest Price Listing $7,999,999
Average Price $1,678,793
Ave Price/sq ft $728.39

Looks like DSF are definitely the way to go for appreciation..

What / Where is DSF?

 

[lenzoe]

What / Where is DSF?

I believe that's Detached Single Family. i.e., a house.

 

[Philip_Atlanta]

is this data coming from MLS or is there a way for us to get at this data?

also - as mentioned above - is 17/18 30a? do you have data on Miramar Beach/Sandestin area?


thanks!

 

[Cork On the Ocean]

Hi,

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

 

[FoX]

another 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?

 

[ecopal]

I 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?

 

[GVM]

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.