Does anyone have any data on what home sales were like for July and August? How many properties went under contract during this period. Is anyone buying anything? It's clear that the flippers have stopped flipping... but what about the other buyers - 2nd homes, vacation homes, etc. -- has everyone stopped buying because of media hype?
Replies
178SoWal Expert
Some of the comments in this thread have reminded me of a hilarious piece in the WaltonUndercurrent "A Small Place in the Sun-One Family's Journey from Riches to Rags". I am not insinuating that that this reminds me of anyone- if we packed up and moved tomorrow, it would be about MY family. Everyone thinking of relocating to FLA should read this first!
If you have time, read the following piece about how local "folk art" is produced by little children in folk art sweatshops. My husband is an artist and got a good chuckle out of it.
If you have time, read the following piece about how local "folk art" is produced by little children in folk art sweatshops. My husband is an artist and got a good chuckle out of it.
Beach Fanatic
While these last few threads have been fun, does anyone have any new info on "Re: Sales on 30A for July/Aug 2005"?
Red
Red
directionally challenged
While these last few threads have been fun, does anyone have any new info on "Re: Sales on 30A for July/Aug 2005"?
Red
Since you asked Red, Just updated the # properties that went pending for a client from Sept 1st. Only a few days later and anything can happen towards end of month bu still looks like it should be up fom August if it continues. Subjectively, my contracts are up and website stats are from July and august so I'm hopeful. Also, on a different thread I posted the summary of Sales from U of F's recently released reports and the same thing happened in 2003 in Walton County.
2002 was up on #sales
2003 dropped significantly
2004 went way up
2005 - not done but will be a significant drop
30 Lots - # of lots that went pending
Jan - 93
Feb - 92
March - 93
April - 64
May - 50
June - 42
July - 24
August - 25
Sept - 1st 11 days - 16 ( if it stays the same this month, that would be 43 this month which is interesting)
Update: 1st 15 days - 18 lots (extrapolates to 36)
30 Homes - # of Homes that went pending
Jan - 40
Feb - 38
March- 53
April - 44
May - 33
June - 37
July - 18
August - 13
Sept - 1st 11 days - 6 (which means if it stays the same for the rest of the month, they'll be 16 going under contract in Sept - note first post erroneously had this as 30 - sorry was 2AM)
UPdate: Sept - 1st days - 9 (Extrapolates to 18)
Edited
Beach Fanatic
now that's info i can use...thanks, red
Beach Fanatic
How I wish I could now buy AND HOLD a good chunk of 30A property!!
It's truly undiscovered.
I've been encouraged by this thread today (as 30A property owner)
THANKS, I REALLY NEEDED THAT TODAY!!!
It's truly undiscovered.
I've been encouraged by this thread today (as 30A property owner)
THANKS, I REALLY NEEDED THAT TODAY!!!
Beach Lover
Since you asked Red, Just updated the # properties that went pending for a client from Sept 1st. Only a few days later and anything can happen towards end of month bu still looks like it should be up fom August if it continues. Subjectively, my contracts are up and website stats are from July and august so I'm hopeful. Also, on a different thread I posted the summary of Sales from U of F's recently released reports and the same thing happened in 2003 in Walton County.
2002 was up on #sales
2003 dropped significantly
2004 went way up
2005 - not done but will be a significant drop
30 Lots - # of lots that went pending
Jan - 93
Feb - 92
March - 93
April - 64
May - 50
June - 42
July - 24
August - 25
Sept - 1st 11 days - 16 ( if it stays the same this month, that would be 43 this month which is interesting)
Update: 1st 15 days - 18 lots (extrapolates to 36)
30 Homes - # of Homes that went pending
Jan - 40
Feb - 38
March- 53
April - 44
May - 33
June - 37
July - 18
August - 13
Sept - 1st 11 days - 6 (which means if it stays the same for the rest of the month, they'll be 16 going under contract in Sept - note first post erroneously had this as 30 - sorry was 2AM)
UPdate: Sept - 1st days - 9 (Extrapolates to 18)
I heard today that a couple of houses went pending in Watercolor recently. One was in Phase III and the other was in Phase II. The list prices were pretty decent so maybe you are beginning to see a change in the recent trends.
Beach Fanatic
has anybody gotten the jul/aug walton county sales from Metro Market Trends yet...I thing SJ said he gets them from time to time...any new info on prop under contracts?...red
got any pics?
Oh Boy .... Here we go


Meow
Oh Boy .... Here we go
I KNEW when I saw you were the last poster that POPCORN would be involved! Pass some here, please!
Beach Fanatic
SJ posted the REAL Market trend numbers in another thread. IMO the numbers don't look that bad. But unlike some others (and we know who they are), I'm bullish on this market overall. :clap_1: 

Meow
SJ posted the REAL Market trend numbers in another thread. IMO the numbers don't look that bad. But unlike some others (and we know who they are), I'm bullish on this market overall. :clap_1:
I'm with you ww! Anyone know a good "hip pocket"? I saved so much $$ at Target today, I think we are in the market for the DOUBLE BUBBLE*! PM w/ those deals!
*Two properties in SoWal!
picky
I'm with you ww! Anyone know a good "hip pocket"? I saved so much $$ at Target today, I think we are in the market for the DOUBLE BUBBLE*! PM w/ those deals!
*Two properties in SoWal!
Sueshore, you give new insight to the expression You've got to spend money to make money." :rofl:
got any pics?

Beach Fanatic
SJ or anybody got any stats on Sept under contracts, sales, etc...Red
directionally challenged
Of course. 30A Pendings (went under contract) 9/1/05-9/30/05
Single Homes = 18 (Yes skier 3 in Watercolor) - up from 13 in August
Condos = 10 (3 in watersound, 1 watercolor) down 2 from 12 In August
Land - 32 (10 were presales entered in Sept so make that #22) - Hard to say August was 25 so could be up or about same depending on when the 10 presales went under contract.
Since we are moving into slower months, we also should compare to last year 9/1/04-9/30/04 data
Homes were 41 (down 56%)
Condos were 14 (down 29%)
Land were 73. (down 56%)
I recall comparing annual sales in about June 05 and if I remember correctly, they were down about 66% from 2004 so this could mean things are looking up. If anyone is interested can double check but I'm pretty sure they were down 66% earlier this year.
Also, have been getting indications that we may be getting hurricane people who won't be returning to their homes. They are renting here now and saying they plan on buying when their insurance money comes in about March or April. Any others hearing this?
Single Homes = 18 (Yes skier 3 in Watercolor) - up from 13 in August
Condos = 10 (3 in watersound, 1 watercolor) down 2 from 12 In August
Land - 32 (10 were presales entered in Sept so make that #22) - Hard to say August was 25 so could be up or about same depending on when the 10 presales went under contract.
Since we are moving into slower months, we also should compare to last year 9/1/04-9/30/04 data
Homes were 41 (down 56%)
Condos were 14 (down 29%)
Land were 73. (down 56%)
I recall comparing annual sales in about June 05 and if I remember correctly, they were down about 66% from 2004 so this could mean things are looking up. If anyone is interested can double check but I'm pretty sure they were down 66% earlier this year.
Also, have been getting indications that we may be getting hurricane people who won't be returning to their homes. They are renting here now and saying they plan on buying when their insurance money comes in about March or April. Any others hearing this?
margarita brocolia
Welcome back!
directionally challenged
Thanks Rita, good to be back.;-)
Meow
Love RO's beating the dead horse smilie!
Hey Cork...good to hear from you! Think skier sold his house? insert smilie crossing fingers here
Hey Cork...good to hear from you! Think skier sold his house? insert smilie crossing fingers here
margarita brocolia
Sueshore, You don't look like yourself this morning! 

Darlene is my middle name, not my nickname
Love RO's beating the dead horse smilie!
Hey Cork...good to hear from you! Think skier sold his house? insert smilie crossing fingers here
Sue, LOVE the Avatar..sooo Cute!!!
Beach Fanatic
has anyone read the headlines on Citizens Property ins. woes...had them for years...does anyone insure w/them...any experiences w/them...are there other alternatives, etc...Red
Meow
Sueshore, You don't look like yourself this morning!
hee hee weeeee...I have a secret avatar fixer! I am so happy! I especially love my tongue sticking out....don't you?
directionally challenged
Hey Sue, Love the hair! You're so chic.
Don't know if Skier sold his house or not but I'm looking for a place in Watercolor for a client under 1.5. Not sure if his is in that range but be happy to show it if it is.
PS Thanks, Good to be back.
Don't know if Skier sold his house or not but I'm looking for a place in Watercolor for a client under 1.5. Not sure if his is in that range but be happy to show it if it is.
PS Thanks, Good to be back.
SoWal Expert
Hey Sue, Love the hair! You're so chic.
Don't know if Skier sold his house or not but I'm looking for a place in Watercolor for a client under 1.5. Not sure if his is in that range but be happy to show it if it is.
PS Thanks, Good to be back.
Maybe you should see if Shelly owns a house in WC similar to Skier's.

FYI - While I have not seen proof on a large scale in the daily hot sheet on the MLS, I have noticed more interest in properties, as well as higher end ($1M +) sales in the area over the last two weeks.
Edited
Beach Lover
There is a great new house in WaterColor for sale. Lot 31 Pine Crest, built by Monte Hewett Homes. Quality construction, impact glass windows, one year warranty, Showalter Architects design, four bedrooms,ready to move in and one of the best deals in WaterColor now at $1,350,000. The house is unlocked, so take your client in anytime.
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