It's a great time to buy in Florida

[SHELLY]

Ding Ding Ding!! Was that the bottom bell? More here...

Joe,

I've looked at the price reductions on the pending list for homes and condos in Destin--many are 10's-of-thousands lower than the price the previous owner paid (um, borrowed).

I then looked back over some of your wiredagent posts--here's an excerpt from Feb '06:

"Last month Legendary Developer's visionary Peter Bos held a large "state of Destin real estate" presentation at the Okaloosa Island convention center. He urged local realtors to convince their clients to hold onto their property if at all possible if they were considering selling. He believes that with the development of the new Harbor Walk will come increased property value for all Destin homeowners. He is responsible for the successful developments of Regatta Bay, Sandestin and The Commons Shopping Mall. Although he is shrouded in controversy from conservatives who do not wish to see any further development, he is a true visionary and I tend to agree with him- at least about Destin property continuing to gain value over the next few years.

What do you think of the "true visionary" Peter Bos now?


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[SHELLY]

And I gotta be honest- SHELLY's remarks scared the hell out of me when they started to come true....

;-) Made you stop and think ....my job is done.


.

 

[Joe Mammy]

Joe,

What do you think of the "true visionary" Peter Bos now?

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I believe he was right in telling realtors to pass along to possible sellers to wait if it all possible instead of selling now (although I didn't see Legendary taking anything off of the market). He was trying to say that it would be a few years before we would see any appreciation (I think). The inventory explosion was a recipe for disaster for sellers (not so bad for buyers).

I'm looking forward to the new Harborwalk Village as much as anyone and I'm bullish on Destin. I'm not crazy about Gilligans becoming Emerald Grande Phase II.

And I will be celebrating my heritage at McGuires on St. Pattys day, cursing EG for spoiling the view from their upstairs deck along with all of my green clad brethren.

 

[Matt J]

Joe,

I've looked at the price reductions on the pending list for homes and condos in Destin--many are 10's-of-thousands lower than the price the previous owner paid (um, borrowed).

I then looked back over some of your wiredagent posts--here's an excerpt from Feb '06:

"Last month Legendary Developer's visionary Peter Bos held a large "state of Destin real estate" presentation at the Okaloosa Island convention center. He urged local realtors to convince their clients to hold onto their property if at all possible if they were considering selling. He believes that with the development of the new Harbor Walk will come increased property value for all Destin homeowners. He is responsible for the successful developments of Regatta Bay, Sandestin and The Commons Shopping Mall. Although he is shrouded in controversy from conservatives who do not wish to see any further development, he is a true visionary and I tend to agree with him- at least about Destin property continuing to gain value over the next few years.

What do you think of the "true visionary" Peter Bos now?


.

He should be okay unless Emerald Grand falls in the bay.

 

[livingiSoWal]

I believe we bottomed out when the inventory has reduced somewhere around 20% from the peak, vacancy rates are down, and the price sq/ft across the board is at $xxx.xx. Thats for me to know. But hey we have hit 2 of the three lets see how the spring turns out with occupancy.

 

[Bobby J]

I believe we bottomed out when the inventory has reduced somewhere around 20% from the peak, vacancy rates are down, and the price sq/ft across the board is at $xxx.xx. Thats for me to know. But hey we have hit 2 of the three lets see how the spring turns out with occupancy.

Vacancy rates? Why would that play with your feeling of bottom?

 

[livingiSoWal]

When the occupancy rates go up the owners have cash flow to cover the deficit. We need to be in 90% percent range on this rate i figure.

 

[SHELLY]

He should be okay unless Emerald Grand falls in the bay.

From your lips to God's ear.

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[SHELLY]

I believe he was right in telling realtors to pass along to possible sellers to wait if it all possible instead of selling now.

He was telling Realtors to convince their clients not to sell Jan 2006.

Wasn't that around the same time he was pre-selling THE™ Fugly Condo?

Enjoy your beer at McGuires--if you need to defuel, I know a place close by


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[Matt J]

He was telling Realtors to convince their clients not to sell Jan 2006.

Wasn't that around the same time he was pre-selling THE? Fugly Condo?

Enjoy your beer at McGuires--if you need to defuel, I know a place close by


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THE? Fugly Condo has become a great landmark for directions. I just tell people that if they see the big piece O' Disney they have gone to far, should start looking for Hog's Breath on there right, or FWB is only a few miles away.