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30ashopper

SoWal Insider

Sales recovery for homes - 
 
[IMG]http://i300.photobucket.com/albums/nn9/30ashopper/salescomphomes.jpg[/IMG]

Sales recovery for homes - 
 
<img src="http://i300.photobucket.com/albums/nn9/30ashopper/salescomphomes.jpg" alt="" />

Condo sales still dead in the water -
 
[IMG]http://i300.photobucket.com/albums/nn9/30ashopper/salescompcondos.jpg[/IMG]

Condo sales still dead in the water - 
 
<img src="http://i300.photobucket.com/albums/nn9/30ashopper/salescompcondos.jpg" alt="" />

Lots mixed - 
 
[IMG]http://i300.photobucket.com/albums/nn9/30ashopper/salescomplots.jpg[/IMG]

Lots mixed - 
 
<img src="http://i300.photobucket.com/albums/nn9/30ashopper/salescomplots.jpg" alt="" />

median sale prices -
 
[IMG]http://i300.photobucket.com/albums/nn9/30ashopper/medianhomes.jpg[/IMG]
 
 
[IMG]http://i300.photobucket.com/albums/nn9/30ashopper/mediancondos.jpg[/IMG]
 
[IMG]http://i300.photobucket.com/albums/nn9/30ashopper/medianlots.jpg[/IMG]

median sale prices - 
 
<img src="http://i300.photobucket.com/albums/nn9/30ashopper/medianhomes.jpg" alt="" /> 
 
 
<img src="http://i300.photobucket.com/albums/nn9/30ashopper/mediancondos.jpg" alt="" /> 
 
<img src="http://i300.photobucket.com/albums/nn9/30ashopper/medianlots.jpg" alt="" />

AAbsolute

Banned

[quote="30ashopper, post: 481886"]Two interesting graphs - this using the same ecar data from the previous post - 
 
[IMG]http://i300.photobucket.com/albums/nn9/30ashopper/inventory.jpg[/IMG]
 
 
[IMG]http://i300.photobucket.com/albums/nn9/30ashopper/volume.jpg[/IMG][/quote]
 
Is the ECAR sales volume from the 2nd graph expressing units sold or something referring to value?

<blockquote class="xfBb-quote" data-name="30ashopper">Two interesting graphs - this using the same ecar data from the previous post - 
 
<img src="http://i300.photobucket.com/albums/nn9/30ashopper/inventory.jpg" alt="" /> 
 
 
<img src="http://i300.photobucket.com/albums/nn9/30ashopper/volume.jpg" alt="" /></blockquote> 
Is the ECAR sales volume from the 2nd graph expressing units sold or something referring to value?

[quote="AAbsolute, post: 481899"]Is the ECAR sales volume from the 2nd graph expressing units sold or something referring to value?[/quote]
 
units sold.

<blockquote class="xfBb-quote" data-name="AAbsolute">Is the ECAR sales volume from the 2nd graph expressing units sold or something referring to value?</blockquote> 
units sold.

[quote="30ashopper, post: 481908"]units sold.[/quote]
 
Am I reading the charts correctly?  I think I am reading that there are 2,000 lots for sale, but only 15 or 20 sales of lots last month.  Is that correct?  Thanks

<blockquote class="xfBb-quote" data-name="30ashopper">units sold.</blockquote> 
Am I reading the charts correctly? I think I am reading that there are 2,000 lots for sale, but only 15 or 20 sales of lots last month. Is that correct? Thanks

[quote="AAbsolute, post: 481935"]Am I reading the charts correctly? I think I am reading that there are 2,000 lots for sale, but only 15 or 20 sales of lots last month. Is that correct? Thanks[/quote]
 
Yes that jibes with the data Josh pulled out of ecar. 12 sales (which might get revised up a bit) and 2002 list for areas 14, 15, 16, 17, and 18.

<blockquote class="xfBb-quote" data-name="AAbsolute">Am I reading the charts correctly? I think I am reading that there are 2,000 lots for sale, but only 15 or 20 sales of lots last month. Is that correct? Thanks</blockquote> 
Yes that jibes with the data Josh pulled out of ecar. 12 sales (which might get revised up a bit) and 2002 list for areas 14, 15, 16, 17, and 18.

fisher

Beach Fanatic

[quote="30ashopper, post: 481941"]Yes that jibes with the data Josh pulled out of ecar. 12 sales (which might get revised up a bit) and 2002 list for areas 14, 15, 16, 17, and 18.[/QUOTE]

This imbalance between raw land inventory and sales volume will be the key driver of continuing downward presssure on prices of lots, condos and homes.  As the cost of the underlying land falls, so will the cost of the finished products--even if the replacement cost of the constructed as remains stable.

<blockquote class="xfBb-quote" data-name="30ashopper">Yes that jibes with the data Josh pulled out of ecar. 12 sales (which might get revised up a bit) and 2002 list for areas 14, 15, 16, 17, and 18.</blockquote> 
This imbalance between raw land inventory and sales volume will be the key driver of continuing downward presssure on prices of lots, condos and homes. As the cost of the underlying land falls, so will the cost of the finished products--even if the replacement cost of the constructed as remains stable.

Doesn't that mean we have over 9 years of vacant land inventory listed as of today?

Doesn&#039;t that mean we have over 9 years of vacant land inventory listed as of today?

Wouldn't home sales recover first before land? I'd think people would be shopping for good deals on homes rather than buying up lots with a build out restriction. Once homes start to dry up, lots become more popular. That's just a guess though, not sure.
 
This also might explain why the median for lots is down 50%, while the median for homes is only down about 38%.
 
edit - also worth mentioning, looking back to 99, it seems lot inventory is always pretty high, and it's interersting to note that lot inventory usually exceeds home inventory, but right now home inventory is higher. So whatever kind of dynamic that's usually in place is flipped.

Wouldn&#039;t home sales recover first before land? I&#039;d think people would be shopping for good deals on homes rather than buying up lots with a build out restriction. Once homes start to dry up, lots become more popular. That&#039;s just a guess though, not sure. 
 
This also might explain why the median for lots is down 50%, while the median for homes is only down about 38%. 
 
edit - also worth mentioning, looking back to 99, it seems lot inventory is always pretty high, and it&#039;s interersting to note that lot inventory usually exceeds home inventory, but right now home inventory is higher. So whatever kind of dynamic that&#039;s usually in place is flipped.

Josh published all the graphs nitty gritty here - 
 
[URL]http://activerain.com/blogsview/725901/Destin-Market-Statistics-and[/URL]

Josh published all the graphs nitty gritty here - 
 
<a href="http://activerain.com/blogsview/725901/Destin-Market-Statistics-and" target="_blank" class="link link--external" rel="nofollow ugc noopener">http://activerain.com/blogsview/725901/Destin-Market-Statistics-and</a>

MissSunshine

Beach Comber

[b]Build vs Buy[/b]

Hi, I'm new to this site and maybe the information is already out there, but I'm trying to figure out if it makes more sense to build or buy a house already built? With the market changing, it's hard to know what is recommeded. We're looking at sites in the 200,000 to 300,000 dollar range and wonder what the construction costs are per square foot. Any advice would be greatly appreciated!

Build vs Buy 
 
Hi, I&#039;m new to this site and maybe the information is already out there, but I&#039;m trying to figure out if it makes more sense to build or buy a house already built? With the market changing, it&#039;s hard to know what is recommeded. We&#039;re looking at sites in the 200,000 to 300,000 dollar range and wonder what the construction costs are per square foot. Any advice would be greatly appreciated!

[quote="MissSunshine, post: 483008"]Hi, I'm new to this site and maybe the information is already out there, but I'm trying to figure out if it makes more sense to build or buy a house already built? With the market changing, it's hard to know what is recommeded. We're looking at sites in the 200,000 to 300,000 dollar range and wonder what the construction costs are per square foot. Any advice would be greatly appreciated![/quote]
 
Real pricing for new construction, well thought out buildings 10-7-08:
 
Rosemary Beach           $175 per ft.
Seacrest Beach             $150 per ft.
Alys Beach                    $165 per ft.
Watersound Beach       $175 per ft.
Watercolor                    $165 per ft.
Seaside                         $175 per ft.

<blockquote class="xfBb-quote" data-name="MissSunshine">Hi, I&#039;m new to this site and maybe the information is already out there, but I&#039;m trying to figure out if it makes more sense to build or buy a house already built? With the market changing, it&#039;s hard to know what is recommeded. We&#039;re looking at sites in the 200,000 to 300,000 dollar range and wonder what the construction costs are per square foot. Any advice would be greatly appreciated!</blockquote> 
Real pricing for new construction, well thought out buildings 10-7-08: 
 
Rosemary Beach $175 per ft. 
Seacrest Beach $150 per ft. 
Alys Beach $165 per ft. 
Watersound Beach $175 per ft. 
Watercolor $165 per ft. 
Seaside $175 per ft.

traderx

[quote="30ashopper, post: 481999"]Wouldn't home sales recover first before land? I'd think people would be shopping for good deals on homes rather than buying up lots with a build out restriction. Once homes start to dry up, lots become more popular. That's just a guess though, not sure.
 
[B]This also might explain why the median for lots is down 50%, while the median for homes is only down about 38%.[/B]
 
edit - also worth mentioning, looking back to 99, it seems lot inventory is always pretty high, and it's interersting to note that lot inventory usually exceeds home inventory, but right now home inventory is higher. So whatever kind of dynamic that's usually in place is flipped.[/quote]
 
The other reason could be that existing homes are more attractive to investors because of cash flow potential.

<blockquote class="xfBb-quote" data-name="30ashopper">Wouldn&#039;t home sales recover first before land? I&#039;d think people would be shopping for good deals on homes rather than buying up lots with a build out restriction. Once homes start to dry up, lots become more popular. That&#039;s just a guess though, not sure. 
 
This also might explain why the median for lots is down 50%, while the median for homes is only down about 38%. 
 
edit - also worth mentioning, looking back to 99, it seems lot inventory is always pretty high, and it&#039;s interersting to note that lot inventory usually exceeds home inventory, but right now home inventory is higher. So whatever kind of dynamic that&#039;s usually in place is flipped.</blockquote> 
The other reason could be that existing homes are more attractive to investors because of cash flow potential.

miaandsashasmom

[quote="AAbsolute, post: 483067"]Real pricing for new construction, well thought out buildings 10-7-08:
 
Rosemary Beach $175 per ft.
Seacrest Beach $150 per ft.
Alys Beach $165 per ft.
Watersound Beach $175 per ft.
Watercolor $165 per ft.
Seaside $175 per ft.[/quote]
 
What do you mean "real pricing"?

<blockquote class="xfBb-quote" data-name="AAbsolute">Real pricing for new construction, well thought out buildings 10-7-08: 
 
Rosemary Beach $175 per ft. 
Seacrest Beach $150 per ft. 
Alys Beach $165 per ft. 
Watersound Beach $175 per ft. 
Watercolor $165 per ft. 
Seaside $175 per ft.</blockquote> 
What do you mean &quot;real pricing&quot;?

[quote="miaandsashasmom, post: 485045"]What do you mean "real pricing"?[/quote]
 
10 to 12 percent profit margin for a builder not artificially inflating costs.

<blockquote class="xfBb-quote" data-name="miaandsashasmom">What do you mean &quot;real pricing&quot;?</blockquote> 
10 to 12 percent profit margin for a builder not artificially inflating costs.

Two interesting graphs - this using the same ecar data from the previous post - 
 
[IMG]http://i300.photobucket.com/albums/nn9/30ashopper/inventory.jpg[/IMG]
 
 
[IMG]http://i300.photobucket.com/albums/nn9/30ashopper/volume.jpg[/IMG]

Two interesting graphs - this using the same ecar data from the previous post - 
 
<img src="http://i300.photobucket.com/albums/nn9/30ashopper/inventory.jpg" alt="" /> 
 
 
<img src="http://i300.photobucket.com/albums/nn9/30ashopper/volume.jpg" alt="" />

Inventory and Sales - homes, condos, lots

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Inventory and Sales - homes, condos, lots

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Cars of 30A At Alys Beach: Event Highlights & Photo Gallery

Sixth annual Run Watersound At Watersound Town Center October 24, 2026

Support Our Parks: The 2026 Friends of Camp Helen Pumpkin Patch Is Open

Annual Events and Festivals in South Walton