November 2011 – 30A-South Walton Condo Statistics

ATBT November Newsletter 2011

30A – South Walton Statistics Summaries Report

Category – Condominiums

Statistics for Entire MLS from 11/1/2011 – 11/30/2011

Total Total List Total Sold AvgList Avg Sold Avg DOM Median Price %   SP/LP
MARKET SNAPSHOT AS OF TODAY
Currently Pending 7 $2,721,900 N/A $388,842 N/A 447 $139,900 N/A
Currently Active 274 $184,139,350 N/A $672,041 N/A 419 $434,250 N/A
Currently Contingent 43 $14,078,049 N/A $327,396 N/A 337 $265,000 N/A
ON MARKET (11/1/2011 – 11/30/2011)
New 19 $12,392,400 N/A $652,231 N/A 15 $467,500 N/A
Pending  18 $7,276,050 N/A $404,225 N/A 333 $260,750 N/A
OFF MARKET (11/1/2011 – 11/30/2011)
Sold 8 $2,523,500 $2,157,500 $315,437 $269,687 533 $305,000 86%
Withdrawn 15 $10,645,700 N/A $709,713 N/A 430 $449, N/A
Expired 18 $10,728,900 N/A $596,050 N/A 308 $449,950 N/A

 

DOM = Day on Market

%SP/LP = Sale Price/List Price

 

 

Three Great Sources For Watersound Real Estate

Watersound House

Watersound is a unique community located on Scenic Hwy. 30A in South Walton County Florida.  Resting between high pine trees and some of the most beautiful sand beaches in the country Watersound is a place you can relax and enjoy life to its fullest.  With low density population, interesting architecture and plenty of amenities you can’t help but fall in love with this community. 

Learn more about Watersound Real Estate

Search Watersound Homes For Sale

Search Watersound Condos For Sale

Search Watersound Land For Sale

Search Watersound Foreclosures

Check back later in the week and I will have some Watersound Photos showing what Watersound is and I think you will understand why I think this place is pretty great.

Call Today

We sell more real estate here at the beach than almost anyone and we would be happy to help you negotiate a favorable deal on this St. Thomas Condo. Simply call or text me at 850-217-7618 – or send an email to JohnMoran@AtTheBeachTeam.com and we will be happy to assist in any way we can.

Watersound Real Estate News

Go to the Watersound Real Estate News to find more information about Watersound Real Estate For Sale including all Watersound Foreclosures and Watersound Short Sales and much more. 

Two Incredible Offers

Watersound Foreclosures and Short Sales Alerts  

Sign up for our Watersound Foreclosures and Short Sales Alert and we will send you an email notification as soon as any new Watersound Foreclosures or Short Sales hit the market – that way you will never miss an opportunity to get a great deal on Watersound Real Estate For Sale.

FREE Watersound Monthly Updates

Sign up for our FREE  Watersound Real Estate Monthly Update and we will email you a report every month showing which Watersound Properties have sold, gone under contract, currently are for sale and all price changes.  This is incredibly valuable information that anyone that owns Watersound Real Estate or is interested in Watersound Real Estate needs to have and because we want to be your real estate resource here at the beach we will send it to you - free!

Hungry for 30A Homes and Condos, Buyers Get Edged Out

Here is a small article I saw recently from the Miami Herald and I think you can make the same argument for Destin Homes and Condos For Sale, and 30A Homes and Condos For Sale and Panama City Beach Homes and Condos For Sale

Hungry for Homes and Condos, Buyers Get Edged Out

As South Florida’s home sales have continued to outpace national trends, distressed properties are still dominating the market, with more than half of all homes and condos sold last month at some stage in the foreclosure process. And cash-happy investors have been scooping up these bargain basement deals at a fast clip, often before middle-income buyers can get financing. [Source: Miami Herald]

To stay on top of what other investors are watching:  Foreclosures and Short Sales

Are Any Homes Selling On 30A? Yes!

This 30A House went under contract this week!

This 30A House went under contract this week!

This oil has a lot of people – buyers and sellers – spooked that is for sure.  I keep hearing people say that nothing is going to sell and nobody would buy real estate on 30A while there is oil in the Gulf of Mexico and washing up on our beaches. 

 Let’s see what the facts tell us.  In the last 7 days there have been 10 houses on 30A go under contract.  Not a ton but still more than 1 per day.   

Search 30A Foreclosures

 Are they all foreclosures and short sales? Almost, of the 10 properties to go under contract 7 were short sales or foreclosures and 1 was an auction.  So 8 out of 10 were distressed sales. 

Search 30A Real Estate

Are they just low end properties?  I wouldn’t say that – the low list price was 249,900, the high was $3,999,975 and the average list price for the 10 was $990,667.

Sign Up for Free 30A Foreclosures and Short Sales Alerts

The Bottom Line?  There are a lot of really good deals out there so if you are a buyer this is your time.  If you are a seller be prepared to get down and dirty so you can compete with the short sales and foreclosures.

Want More Information?  Keller Williams Realty’s At The Beach Team sells more area real estate than most so if you are interested in buying or selling 30A Real Estate simply call or text John at 850-217-7618 or send an email to JohnMoran@AtTheBeachTeam.com

Also check out

Destin Condo Foreclosures

Panama City Beach Real Estate News

Watercolor Real Estate News

Six reasons to tap retirement funds now to buy rental property

Piggy Bank

Here is more information about investing and 30A Real Estate.  As always I think it’s very important to be as informed as possible on how to maximize your investing power.  So with that in mind I found this article about using IRA’s to buy real estate at Market Watch.com. Take a look and let me know what you think.

Using IRAs to buy real estate

Six reasons to tap retirement funds now to buy rental property

SAN FRANCISCO (MarketWatch) — One of today’s soundest investments is never touted in financial-services ads. The reason: Wall Street wouldn’t make any money off it.

Since 1974, Americans have had the ability to use IRA assets to buy investment property. Yet the means to do that — called a self-directed IRA — remains one of the least known and unheralded investment vehicles in the vast financial marketplace. [Read more...]

Buy 30A Real Estate in you IRA

Dollars

Because investing and 30A Real Estate go hand and hand I think it’s very important to be informed as possible on how to maximize your investing power.  With that in mind I came across this question and answer segment on Smart Money.com  that address IRA’s and real estate.  Take a look and let me know what you think.

Q. Can an IRA be invested in mortgages or real estate?
—Linda Bruyette, Ellington, Conn

Yes, some real estate (including commercial property, vacation rentals, raw land and mortgage notes) is permitted. At best, real estate provides steady income and long-term appreciation. Usually only special-purpose banks and trust companies offer these investments, as “self-directed IRAs.”

Potential risks are high. “Self dealing” is strictly prohibited—which means you can’t invest in something you or immediate family members use or benefit from. Otherwise your entire IRA balance is treated as a withdrawal and subject to relevant taxes plus a 10 percent penalty if you’re under age 59 1/2. Plus, there’s the liquidity issue: You need a big IRA to handle buying and maintaining property while also keeping a diversified portfolio. And if you need out quickly, you better hope for a robust real estate market. A good real estate mutual fund or exchange-traded fund is a simpler choice.

Click on the links to find 30A Foreclosures, 30A Short Sales, 30A Homes For Sale, 30A Condos For Sale

Also check out Watercolor Real Estate News, Watersound Real Estate NewsPanama City Beach Real Estate News.