Monday, December 29, 2008
Friday, December 19, 2008
Recently I was talking with a good client who wanted to sell a property At The Beach and was wondering if I thought it was a good idea to sell in this market or wait until prices come back.
This is a very good question and one that sellers At The Beach in South Walton County Florida are wrestling with right now. As a top selling real estatat agent that studies the market prices and trends virtually every day I would offer this advise to him and those owners of vacation beach homes, investment condos or even vacant land At The Beach who are considering selling with the same concern:
I still believe real estate values in South Walton County and the surrounding areas will continue to drop because the real estate market fundamentals have not changed in favor of sellers. There are still:
- too many properties for sale relative to the number of buyers in the marketplace.
- there are still too many bank owned and short sale properties on (and coming on) the market further driving real estate prices down.
- and banks are still closely holding their money rather than making loans to the real estate investment community which is such a big part of the South Walton County Florida real estate market – credit is very hard to get right now.
Until one if not all of these factors change to favor sellers then price deprecation is going to occur making it unrealistic for sellers to expect more favorable selling prices for their properties over the next 3- 5 years than if they sell at today’s prices.
So for sellers of vacation beach homes, investment condos or even vacant land At The Beach in South Walton County Florida who plan to sell anytime in the the next 3-5 years I would tell you to sell now - right now because the sound fundamental law of supply and demand tells us to.
For a FREE Evaluation of what your vacation beach home, investment condo or even vacant land At The Beach in South Walton County Florida is worth in today's marketplace simply call John Moran at 850-654-3325 or send me an email at firstname.lastname@example.org
Tuesday, December 16, 2008
Real Estate In Grove By The Sea Florida
The old saying that nothing goes up forever is certainly true and by the same logic you can argue that nothing will stay down forever either. This point has been hammered home in South Walton County's Grove By The Sea neighborhood located in Seagrove Beach, Fl. Take a look at real estate sales for two sets of homes:
- A 1,914 sq.ft. home on Cullman Ave. with 3 bedrooms and 2-1/2 baths and sold in 2005 for $910,000! As of December 16, 2008 a very similar home on Cullman Ave. with 1,976 sq.ft., 3 bedrooms and 2-1/2 baths is currently listed for only $499,000! A significant drop from $910,000.
- To show that this isn't a one time fluke take a look at the home on Andalusia that sold in 2005 for $750,000 - it had 1,560 sq.ft., 3 bedrooms and 3 baths. Now there is a home just down the street with 1,576 sq.ft., 3 bedrooms and 2 baths listed for sale at $475,000. Also a significant drop from the $750,000 sales price in 2005.
These examples tell me that there are tremendous deals for real estate at the beach right now. That combined with very low interest rates makes for a dream come true for buyers looking for second homes at the beach, vacation condos or even land to build a place down the road. The trick for buyers is not to get too greedy like many sellers did when it was their time because before you know it the tide will change and sellers will rule the day.
Thursday, December 11, 2008
Boy, there sure is a lot of bad news out there for people considering selling real estate At The Beach. As a realtor I study prices every day and I agree that prices are correcting and the trend seems to be that they will continue to drop for the next 12 to 18 months but in Grayton Beach Florida, as of December 11, there is only 1 property listed on the MLS as a foreclosure or short sale (it is shown in the picture). Click here to see the property. So if you are looking at foreclosures or short sales to get a deal on a beach house, a condo or a plot of land at Grayton Beach you are going to have to wait and see if more come on the market.
For those of you who are curious about the foreclosures and short sales of condos, houses and land sites in certain communities At The Beach in South Walton County simply click on the community of your choice: Sandestin Florida , Grayton Beach Florida, Santa Rosa Beach Florida, Watercolor Beach Florida, Seaside Florida, Watersound Beach Florida, Seacrest Beach Florida, and Rosemary Beach Florida.
Tuesday, December 9, 2008
View more coastal lake pictures
When people think of water at the beach in South Walton County Florida the Gulf of Mexico generally is what comes to mind, or maybe Choctawahatachee Bay may pop up once in a while but here on scenic highway 30A coastal dune lakes provide scenery that often rivals the Gulf for pristine beauty.
There are 15 coastal dune lakes between Blue Mountain Beach and Rosemary Beach insuring that scenic highway 30A lives up to it's name as you wind along the coast through hamlets such as Blue Mountain Beach, Grayton Beach, Watercolor Beach, Seaside, Santa Rosa Beach, Seagrove Beach, Watersound Beach, Alys Beach, Seacrest Beach and finally right on through Rosemary Beach.
The 15 named Coastal Dune Lakes in South Walton County (listed below) are rare, natural systems . Similar ecosystems can only be found in the Florida Panhandle, Madagascar, Australia, New Zealand and the Northwest Pacific Coast of the United States.
WALTON COUNTY CURRENTLY RECOGNIZES 15 COASTAL DUNE LAKES:• Fuller• Morris• Campbell• Stallworth• Allen• Oyster• Draper• Big Red Fish• Little Red Fish• Alligator• Western (Grayton)• Eastern• Deer• Camp Creek• Powell
If you would like to explore the many great real estate opportunities for property near or next to these wonderful coastal lakes or Florida state forest or simply got to www.atthebeachfl.com
Be sure to check out the foreclosures and short sale properties as well at www.atthebeachfl.com
I was wondering what Grayton Beach Florida is like in December. Would there be any people around? What would the beach look like? Well, I had the chance to stop by Sunday afternoon at sunset and I can tell you - it's a very pretty, very relaxing place that is great for friends to hang out, families to enjoytime together and fisherman to consider one last cast of the line before the sun droped into the Gulf of Mexico.
If you would like to explore the many great real estate opportunities in Grayton Beach Florida such as foreclosures and short sales, or simply see what the most or least expensive properties are in Grayton Beach go to the At The Beach Florida web site.
Wednesday, December 3, 2008
For example, the average sell price of a one bedroom condo at Majestic Sun in 2005 was $523,356. Fast forward to 2008 and the recent sales prices for one bedroom condos in the building have dropped to $200,000!
This is definately bad news for people looking to sell, but it is great news for those who were priced out of the market a couple of years ago. To see the many great deals to be had on real estate at the beach including short sales and foreclosures, go to the At The Beach Florida web site.
The Moran Team
Keller Williams Realty Emerald Coast
There are all kinds of things to do at the beach but ice skating? View more pictures of Ice Skating at the Beach
Who knew? At Sandestin Resort in Destin Florida there is a small ice rink set up and for $10.00 you get a pair of skates and all the fun you can handle. For a guy that grew up in skating outside in North Dakota, it was a real treat to be able to show my kids, who have never even seen snow, how to skate. Now this "arena" is not going to host the Olympics but for fun and a chance to ice skate outdoors At The Beach in sunny Florida you can't beat it.
The Moran Team
Keller Williams Realty Emerald Coast
Tuesday, December 2, 2008
The article at the Northwest Florida Daily news provides some great insights to questions currently being asked about the Bay County Aiport.
View the article at: http://www.nwfdailynews.com/news/jenkins_11999___article.html/airport_international.html
For more information on South Walton County Beaches, and area information, go to the At The Beach Florida South Walton County website.
The event was part of the branding of The Beach, an effort to build awareness of Northwest Florida, both nationally and internationally.
Check out the video:
For more South Walton County Beach events and festivals, go to At The Beach Florida.