Smiling JOe
SoWal Expert
GVM said:
It may be okay, but it doesn't have all the current listings.
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General State of the Real Estate Market?
- Thread starter lenzoe
- Start date
It may be okay, but it doesn't have all the current listings.
beachmouse
Beach Fanatic
My favorite real estate site is http://www.emeraldcoasthomesonline.com/ What appears to be thorough MLS coverage, and they have way more pictures than realtor.com does.
ecopal
Beach Fanatic
Regarding the real estate market:
Yes I beleive there is a real estate bubble in many parts of the country but if you are lucky enough to own property within walking distance of the Gulf on 30A don't worry.
The wealthiest want to buy here and not only are they are getting richer everyday but there is a tsumani of them nearing retirement. Of all the areas on the "hot list" for special desirable areas 30A is still cheaply priced relative to the alternatives.
The beach isn't spoiled by crowds, crime, and rows of high rises. Also, 30A is one of the few areas that has the best beaches and highest elevation. You can actually live in strolling disance of the beach and not have to buy flood insurance! Residents from low elevation hurricane stricken areas are coming here. Hurrricanes just make this area more in demand.
With the shakey stock market, money is likely to be diverted to a prime real estate area like this. In addition, with the new international airport planned on Hwy 79 it will bring in even more money from the North East as well as international buyers who up till now have concentrated on southern Florida. Just think what a Euro would buy here!
FYI: I am not a real estate agent or developer.
Yes I beleive there is a real estate bubble in many parts of the country but if you are lucky enough to own property within walking distance of the Gulf on 30A don't worry.
The wealthiest want to buy here and not only are they are getting richer everyday but there is a tsumani of them nearing retirement. Of all the areas on the "hot list" for special desirable areas 30A is still cheaply priced relative to the alternatives.
The beach isn't spoiled by crowds, crime, and rows of high rises. Also, 30A is one of the few areas that has the best beaches and highest elevation. You can actually live in strolling disance of the beach and not have to buy flood insurance! Residents from low elevation hurricane stricken areas are coming here. Hurrricanes just make this area more in demand.
With the shakey stock market, money is likely to be diverted to a prime real estate area like this. In addition, with the new international airport planned on Hwy 79 it will bring in even more money from the North East as well as international buyers who up till now have concentrated on southern Florida. Just think what a Euro would buy here!
FYI: I am not a real estate agent or developer.
RiverOtter
got any pics?
ecopal said:
Love the disclaimer
beachmouse
Beach Fanatic
I did Gulf Coast Triathlon today, and got the Tour de PCB construction sites on parts of the bike and run courses. Hearing about all the new construction going in there is one thing; seeing it is another. It's amazing how much is already going up, and how many more presales are going on.
And how the area is still going to take years to build an upscale infrastructure once you get outside the condo properties proper. Only a handful of good restaurants, still too many head shops.
And how the area is still going to take years to build an upscale infrastructure once you get outside the condo properties proper. Only a handful of good restaurants, still too many head shops.
beachmouse
Beach Fanatic
BRAC list is out, and Eglin AFB is supposed to get a 2200 net gain in personnel. Ft. Walton Beach is built out, and it'll be a couple more years until the Ruckels get their big planned north Niceville DRI going. (right now, there's not much buildable land in play there either) So those people are going to be looking further out for housing. Crestview/Mossy Head will get some, but I suspect many others will be looking along the FL 20 corridor between Bluewater Bay and Freeport. It's not a bad commute from that area since they four laned 20 as far as White Point Road.
So I see western Freeport, Choctaw Beach, Villa Tasso, Basin Bayou, and Portland properties getting something of a bump out of it. How much depends on the personnel breakdown, (officers, enlisted, white collar tech) which I haven't seen yet.
So I see western Freeport, Choctaw Beach, Villa Tasso, Basin Bayou, and Portland properties getting something of a bump out of it. How much depends on the personnel breakdown, (officers, enlisted, white collar tech) which I haven't seen yet.
beachmouse
Beach Fanatic
Florida Association of Realtors numbers on existing single family home sales are out for April. Interesting reading, even if SoWal is too small of an area for them to cover. (they only list MSAs, not rural areas)
http://media.living.net/releases/april05sales.htm
"ORLANDO, Fla., May 24, 2005 -- Different month, same story for sales of existing single-family homes in Florida in April: high demand, still-low mortgage rates and a short supply of homes available for sale, bringing the statewide median sales price to $218,600 -- a 26 percent increase over the April 2004 figure, according to the Florida Association of Realtors? (FAR).
In 2000, the statewide median sales price was $115,900, which represents a dramatic 88.6 percent increase over the five-year-period, according to FAR records. The median is a typical market price where half the homes sold for more, half sold for less. "
For Fort Walton Beach MSA, number of sales fell slightly and median sales price increased 37% from $185K in April of 2004 to $253K in April of 2005.
For Panama City MSA, number of sales increased slightly and median sales price increased 27% from $158K in April of 2004 to $200K in April of 2005.
http://media.living.net/releases/april05sales.htm
"ORLANDO, Fla., May 24, 2005 -- Different month, same story for sales of existing single-family homes in Florida in April: high demand, still-low mortgage rates and a short supply of homes available for sale, bringing the statewide median sales price to $218,600 -- a 26 percent increase over the April 2004 figure, according to the Florida Association of Realtors? (FAR).
In 2000, the statewide median sales price was $115,900, which represents a dramatic 88.6 percent increase over the five-year-period, according to FAR records. The median is a typical market price where half the homes sold for more, half sold for less. "
For Fort Walton Beach MSA, number of sales fell slightly and median sales price increased 37% from $185K in April of 2004 to $253K in April of 2005.
For Panama City MSA, number of sales increased slightly and median sales price increased 27% from $158K in April of 2004 to $200K in April of 2005.