Watersound Beach Real Estate News

Southwest Airline coming to the Panhandle on May 2010

2009-10-22T12:04:00.000-07:00

The St. Joe Company and Southwest Airlines announced a strategic alliance providing for the commencement of air service to Northwest Florida’s new international airport near Panama City Beach, Florida in May 2010.

The Bay County Tourism Development Council, Coastal Vision 300 and the South Walton Tourism Development Council have been working together with local groups to promote the opening of the Northwest Florida International Airport in Panama City.

Southwest Airlines is bringing low fares and excellent service to the Emerald Coast just in time for the 2010 summer vacation season! Southwest’s entry into the Panama City market will make it more accessible and affordable for people in other states to enjoy sugar-white-sand beaches, incredibly gentle blue waters, and an amazing variety of visitor accommodations that Northwest Florida has to offer. You can start booking your tickets on December 2009, there will be eight flights a day to and from four cities with a daily capacity of 2000 passengers. They have not yet announced specific schedules or which cities will be serviced by direct flights.

Bill Owen – Lead Planner in the Schedule Planning Department for Southwest Airlines said “If you’ve never visited the Panama City area, believe me, you have an incredible treat in store. I’m already planning my family’s vacation there next summer.”

Check out www.atthebeachfl.com for pictures and things to do in the South Walton area and www.atthebeachdestin.com for the Destin area.

Panama City Airport Name Not Satisfactory

2009-10-15T09:56:00.000-07:00

There is a great deal of people unhappy with the name of the new airport opening May 2010 in Bay County.

“Several members of the Bay County Commission and the Panama City Beach City Council, along with Mayor Gayle Oberst, have expressed disappointment with the new name for the Panama City airport.”

The members of the Airport Authority may or may not reconsider changing the new name. I hope they do since it will be very confusing to have two airport with the name so similar.

“Greg Donovan, Director of Northwest Florida Regional Airport in Okaloosa County, said he would like the Panama City airport officials to readdress their name.

We have worked over a year in branding. We think it’s poor choice for them to have a name that so closely affiliates with a brand we are doing.”

I will let you know more about this issue on my blog.

Check out our website AtTheBeachDestin.com for more real estate and condo news and AtTheBeachFL.com for real estate on 30A

Changes Coming in PMI Requirments?

2009-09-30T13:52:00.000-07:00

humbs Up For the Real Estate Market!

Could Good News Be Coming For The Real Estate Market?

I was reading the Realty Times, a newsletter about real estate, and Kenneth R. Harney wrote something I found very interesting that may impact Destin Condo For Sale.

the private mortgage insurance industry, which virtually eliminated low-downpayment financing opportunities in many markets during the past year by declaring them “declining” or “distressed,” has begun reversing course.

Genworth Mortgage Insurance Company last week removed 63 of its 68 previous designations of “declining markets.” That should open up non-FHA cash-out refinancings and low-downpayment home purchase mortgages to thousands of people who’d been squeezed out under the old rules.

I have a couple of my banker friends looking into what, if any, impact this will have on Destin Condos For Sale and will post what I find out soon. For more information give us a call or text us at 850-217-7618.

You can also find out more about Watersound Foreclosures and Short Sales by going to the At The Beach Watersound website and the At The Beach FL for information about South Walton County Condo Foreclosures and Short Sales. Also be on the lookout for At The Beach Panama City which should be up and running soon!

Panama City Bay County International Airport

2009-09-17T09:54:00.001-07:00

Panama City Bay County International Airport has been under construction since January 2008. This is the first airport built in the United States since 9/11. Northwest Florida is expecting the grand opening in late May 2010!

Airport authorities are brain storming for airport names and will decide on a name on September 22nd, when they meet again. They are asking members of the public for suggestions, email newpfn@gmail.com to present your ideas to the Board members.

The Panama City – Bay County International Airport Authority is going to have some of the latest equipment in security technology called The Checked Baggage Inspection System. This equipment is designed to enhance screening capabilities and airport safety and also facilitate customer service.

For more information about the new airport and the new baggage screening equipment go to http://newpcairport.com/

Watersound Real Estate Quarterly Report: Houses

2009-04-25T13:18:00.001-07:00

This Watersound House is listed as a Short Sale - Check it out.

Watersound Real Estate Quarterly Review - Q1: 2009

This report provides information about Watersound Real Estate with regard to homes for sale activity durring the first quarter of 2009. We will take a look at what has sold and what is for sale with regard to Watersound Homes For Sale.

Watersound Homes Sold Q1:2009

It looks like the market for Watersound Homes has held it's own, compared to some other communities, in the first quarter of 2009. There have been 8 Watersound Homes Sold ranging in price from $425,000 to $2,370,000. Lets take a closer look at the numbers.

Total Number of Watersound Homes Sold Q1/2009: 8
Highest Priced Watersound Home Sold: $2,370,000
Lowest Priced Watersound Home Sold: $425,000
Average Price for a Watersound Home Sold: $1,254,375
Average Price Per Sq.Ft. for a Watersound Home Sold: $336
Average Days On Market for a Watersound Home Sold: 331
Number of Watersound Homes Sold As Foreclosures or Short Sales: 3

Take a look at this great Watersound House For Sale,

Watersound Homes For Sale (4/25/2009)

Looking at the fact that(8)Watersound Homes sold in the first quarter of 2009 and there are(42)Watersound Homes For Sale tells us that we have roughly a 5 month inventory of homes which is considered a pretty healthy market. Throw on that there are no current foreclosures and (4) short sales I would say things look pretty good in Watersound. Lets take a look at the Watersound Homes For Sale market.

Total Number of Watersound Houses For Sale: 42
Highest Price Watersound Home For Sale: $9,900,000
Lowest Price Watersound Home For Sale: $499,000
Average Price for a Watersound Homes For Sale: $2,227,310
Average Price Per Sq.Ft. for a Watersound Home For Sale: $622
Average Number of Days On Market for Watersound Homes: 289
Total Number of Watersound Homes in Foreclosures or Short Sales: 4

Click on the link to search all Watersound Real Estate For Sale or to search All Watersound Foreclosures and Short Sales or to Sign Up for Watersound Foreclosure and Short Sale Alerts which will send you an email every time a Watersound property comes on the market as a short sale or foreclosure.

Watersound Real Estate Condo Report First Quarter 2009

2009-04-05T15:15:00.000-07:00

This Watersound Condo is For Sale as a Short Sale.

Watersound Real Estate Condo Report for the First Quarter of 2009

Because there aren't a lot of Watersound Condos it's not surprising that there were only (2) sold in the first quarter of 2009. One for $750,000 and one for $1,240,000. With such a small data pool it's tough to get a true since of what is happening with regard to value but I can tell you that the Average Price Per Sq.Ft. of the two sales is $463 and the Average Days On Market for the two sales was 730 days.

This is the least expensive Watersound Condo currently on the market and NOT A SHORT SALE

Watersound Real Estate Report Condos For Sale (as of 4/5/2009)

As we saw above there have been only two Watersound condo sales in the first quarter but there are currently (3)condo with contingent contract and (2)with pending contracts. Contingency contracts simply mean that there is some aspect to the deal that has to be satisfied before it moves to pending status then to closing. It's not a certainty that the deal will close but they are working towards a closing. Pending is a little more firm and most likely will move to closing. Lets take a look at the Watersound Condos For Sale.

Total Number of Watersound Condos For Sale: 32
Highest Price Watersound Condo For Sale: $2,695,000
Lowest Price Watersound Condo For Sale: $675,000
Average Price for a Watersound Condo For Sale: $1,398,397
Average Price Per Sq.Ft. for a Watersound Condo For Sale: $681
Total Number of Watersound Condo Foreclosure or Short Sale: 3

Click on the link to search all Watersound Real Estate For Sale or to search All Watersound Foreclosures and Short Sales or to Sign Up for Watersound Foreclosure and Short Sale Alerts which will send you an email every time a Watersound property comes on the market as a short sale or foreclosure.

Watersound Beach Real Estate Report Q1: 2009 Land

2009-04-05T07:12:00.000-07:00

Check out this great Watersound Lot for sale on Yacht Pond Lane for 439,000.

Watersound Real Estate Report for the first quarter of 2009: Land Sold and For Sale.

It looks like there are great values to be had with regard to Watersound Land Sales. The first quarter of 2009 produced (3) sales ranging in price from $192,000 to $300,000. The interesting this is that (1) sale was a foreclosure, (1) sales was a short sale and (1) sale of a developer sale so it looks like sellers need to be aggressive is they are going to sell in 2009. Also note that there are (3)additional sales listed at Pending Sale or Contingent which mean there are certain factors that need to be satisified before the sales close. Lets take a look at the Watersound Land Sales break down.

Total Number of Watersound Lots Sold (Q1: 2009): 3
Highest Priced Watersound Lot Sold: $300,000
Lowest Priced Watersound Lot Sold: $192,000
Average Priced Watersound Lot Sold: $251,000
Average Number of Days On Market for a Watersound Lot Sold: 212
Total Number of Watersound Lots sold as Foreclosure or Short Sale: 2

If you would like more information on Watersound Real Estate Land Sales go to the At The Beach Website or call John Moran at 850-654-3325.

As Good As It Gets In Watersound Check out this property on South Founders Lane

Watersound Real Estate Land Report Q1: 2009 Land For Sale

The interesting thing to me is that on average (1) Watersound Lot sells per month and durring the first quarter of 2009 the high price sale was $300,000 but as of 4/5/2009 there are (95) Watersound Lots for sale which based on current sale trends means there is a 95 month (almost 8 years)supply of Watersound land for sale. The prices range from $69,000 to almost $3 million. Another interesting item is that of the (95)lots for sale only (4) are short sales or foreclosures. Let take a look at what we have.

Total number of Watersound Lots For Sale (as of 4/5/2009): 95
Highest Priced Watersound Lot For Sale: $2,995,000
Lowest Priced Watersound Lot For Sale: $69,000
Average Price for a Watersound Lot For Sale: $587,801
Average Number of Days on Market for a Watersound Lot For Sale: 380
Total Number of Watersound Lot Foreclosures and Short Sales: 4

If you would like more information on Watersound Real Estate Land Sales go to the At The Beach Website or call John Moran at 850-654-3325.

100% Financing For Watersound Real Estate

2009-02-13T06:44:00.000-08:00

193 Anchor Rode Circle - 100% Financing for this house in Watersound Beach Click Here For Details

Destin First Bank is offering 100% financing available for theis 3 bed,3-1/2 bath Watersound Beach house with 2,159 sq.ft. Click here for details. They are also are offering: No Origination, Below Market Interest Rate, Interest Only Payment, In House Processing,Underwriting and Closing.

Call John Moran Today for more information about this great deal at 850-217-7618 or go to our web site by clicking here.

Watersound Beach Foreclosures and Short Sales

2009-02-05T20:07:00.000-08:00

189 Gulf Bridge Lane: Click here for details.

Foreclosures and Short Sales are starting to impact the Watersound Beach Real Estate Market. I was just looking at what is currently for sale as either a foreclosure or a short sale and I see that there are (5) homes that fall into this category.

23 Shore Bridge Circle for only $$450,000: Click here for details

There is no question that short sales and foreclosures are causing prices to go down and it will be interesting to see what the final impact will be on prices for Watersound Beach Real Estate over the next few years.

87 Coopersmith Lane: Click here for details

80 Coopersmith Lane: Click here for details

As you can see the Watersound Real Estate market is tough on sellers and owners right now but if you are buyer looking to get a great deal on a property in Watersound, or anywhere else for that matter, it is a once in a life time market for you!

216 Gulf Bridge Lane: Click here for details

Keep Up To Date On Watersound Real Estate Foreclosures And Short Sales
If you would like to be notified of new Watersound Foreclosures or Short Sales simply let us know and we will email them to you as they become available. Click here for details

Watersound Beach Real Estate News

2009-01-17T05:27:00.000-08:00

The home pictured above is the most expensive home in Watersound Beach See Details

If you are considering investing in a Beach House in Watersound Beach Florida now could not be a better time for you. Prices have come down dramatically from the highs in 2005, the number of homes for sale in Watersound Beach is huge and if you are going to finance your beach house interest rates couldn't be better. Before you seriously consider a house At The Beach in Watersound Beach let take a look at what happened in 2008.

Watersound Beach Homes

Number of Watersound Beach Homes Sold (YE: 2008): 7
Highest Price Watersound Beach House Sold: $2,500,000
Lowest Price Watersound Beach House Sold: $870,000
Average Price Watersound Beach House Sold: $1,731,429
Average Watersound Beach House Price Per Sq. Ft.: $548
Average Watersound Beach House Day On Market: 148

That is what happened with regard to Watersound Homes in 2008 now lets take a look at the Watersound Beach homes for sale as of 1/17/2009

Number of Watersound Beach Homes For Sale: 25
Highest Price Watersound Beach home for sale: $9,900,000
Lowest Priced Watersound Beach home for sale: $795,000
Average Priced Watersound Beach home for sale: $2,602,320
Average Price Per Sq.Ft. for Watersound Beach homes for sale:702
Average Watersound Beach homes for sale Days On Market: 256

This great Compass Point condo is currently for sale See Details

For those folks who are not interested in a house and enjoy the convenince of condo living you may want to consider a Watersound Beach Condo. Here is an overview of what happened with Watersound Beach condos for sale in 2008.

Number of Watersound Beach Condos Sold (YE:2008):10
Number of Watersound Beach Homes Sold (YE: 2008): 7
Highest Price Watersound Condo Sold: $1,450,000
Lowest Price Watersound Condo Sold: $800,000
Average Price Watersound Condo Sold: $1,161,500
Average Watersound Condo Price Per Sq. Ft.: $517
Average Watersound Condo Days On Market: 187

Note: Of the 10 Watersound Condos Sold in 2008 4 were either short sales or foreclosures.

That is what happened with regard to Watersound Condos in 2008 now lets take a look at the Watersound Beach Condos for sale as of 1/17/2009

Number of Watersound Condos For Sale: 37
Highest Priced Watersound Condo for sale: $2,695,000
Lowest Priced Watersound Condo for sale: $350,000
Average Price for a Watersound Condo for sale: $1,427,700
Average Price Per Sq.Ft. for a Watersound Condo for sale: $722
Average Days On Market for a Watersound Condo for sale: 472

And for you folks out there that don't want a house or a condo and would like to start simply with a piece of land where they can build their dream home At The Beach in Watersound Beach Florida. Here is what happened with vacant land for sale in Watersound Beach Florida in 2008.

Number of Watersound Vacant Land Sales(YE:2008):22
Highest Price Watersound Vacant Land Sale: $640,000
Lowest Price Watersound Vacant Land Sale: $69,000
Average Price Watersound Vacant Land Sale Price: $302,273
Average Watersound Vacant Land Sale Days On Market: 181

Ok, that is what happened with Watersound Vacant Land in 2008 now lets take a look at what is happening as of January 17, 2009.

Number of Watersound Vacant Land Lots for sale: 97
Highest Priced Watersound Vacant Land Lot for sale: $3,915,000
Lowest Priced Watersound Vacant Land Lot for sale: $69,000
Average Priced Watersound Vacant Land Lot for sale: $600,876
Average Watersound Vacant Land Lots for Sale Days On Market: 423

If you are a real estate investor interested in real estate At The Beach in South Walton County Florida, Watersound Beach specifically, then this is a good start for you. If you would like more information on the Emerald Coast in general including Miramar Beach, Sandestin, Grayton Beach, Santa Rosa Beach, Watercolor Beach, Seaside, Watersound, Seacrest Beach, Alys Beach and Rosemary Beach simply check out AtTheBeachFl.com for everything from the Most and Least Expensive homes, condos and vacant land for sale to Foreclosures, Short Sales and more.