Watersound North Pricing

[goofer]

St. Joe has announced the pricing for the first release of 20 lots in Watersound North. The prices range from 150k to 205k. I guess Joe recognized the market changed. Kudos to them for reality. I think the lots should be gobbled up at those prices.

 

[Buckhead Rick]

what i sthe buildout time?

 

[Pirate]

That is the lowest price for a lot on 30-a I have heard in years. Interesting.

 

[Camp Creek Kid]

That is the lowest price for a lot on 30-a I have heard in years. Interesting.

Remember that Watersound North is NOT technically 30-A, but north of 98. There are amentities, etc., but it is not within a short walk to the beach.

 

[SHELLY]

Remember that Watersound North is NOT technically 30-A, but north of 98. There are amentities, etc., but it is not within a short walk to the beach.

Maybe the buyers can use the $100,000+ they saved on the lot and buy an Audi A8 for quick trips to the beach.

 

[SHELLY]

St. Joe has announced the pricing for the first release of 20 lots in Watersound North. The prices range from 150k to 205k. I guess Joe recognized the market changed. Kudos to them for reality. I think the lots should be gobbled up at those prices.

I suspect JOE is sweating bullets and is looking for ANY kind of revenue they can report to their shareholders this quarter.

Like a GM SUV dealer at the end of the month--JOE will probably be giving all lowball offers some serious consideration.

 

[Cil]

Sweating bullets or merely facing reality by looking at the bottom end?
These guys are businessmen, not Snidely Whiplash.

 

[SHELLY]

Sweating bullets or merely facing reality by looking at the bottom end?
These guys are businessmen, not Snidely Whiplash.

When the businessmen are holding a boatload of JOE stock (which they are), they're probably more than a bit sweaty over the prospect that the "other shareholders" will continue to bail out when they see more red on the this quarter's income statement.

JOE has been striking out in unexpected ways in order to gain revenue...like selling club memberships at $20K a pop--but only if you act before Jun 30 (coincidently the quarterly financial closeout date). They also are attempting to remove some of their competition (i.e., resale property inventory) from the market by giving current investulators a "get out of jail free" card (aka: 2-yr extension on buildout dates), so they can (hopefully) sell off their own glut of lots.

I'm sure the imagineers are working overtime at JOE trying to come up with inventive ideas to pump up revenues. Their last quarter was awful--and as I see it this quarter isn't looking any better.

 

[Beachbummette]

OE has been striking out in unexpected ways in order to gain revenue...like selling club memberships at $20K a pop--but only if you act before Jun 30

Shelly,
This is not true. Joe has given everyone until September 23rd. I know I own there.

 

[TooFarTampa]

OE has been striking out in unexpected ways in order to gain revenue...like selling club memberships at $20K a pop--but only if you act before Jun 30

Shelly,
This is not true. Joe has given everyone until September 23rd. I know I own there.

The June 30 deadline was posted by a WS owner in another thread. Did they extend the initial deadline?