Southwest Airline coming to the Panhandle on May 2010

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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.

Boating, Destin & Real Estate

Holiday Isle Boating is Fun

Holiday Isle Boating is Fun

If you are lucky enough to own a home on Holiday Isle in Destin Florida then some people would say that you are lucky enough.  I would say that it is hard to argue with that.  Check out  Holiday Isle Homes for Sale or Holiday Isle Condos For Sale and start looking into your dream home today.

If you already own Holiday Isle real estate and want to know what the going rate for your home, condo or land is in today’s market get a Keller Williams Realty’s At The Beach Team’s Free Holiday Isle Property Value Estimate today.

Also check out Destin Real Estate and the DestinCondoNews for all all kinds of information about Destin Real Estate.

The Name Changes, But The Same Great Service Remains

Name Change For The Moran Team

In a move to carry the business forward Keller Williams Realty’s The Moran Team has changed it name to Keller Williams Realty’s AT THE BEACH TEAM. The change reflects the company’s philosophy away from a singular focus on John and Kris Moran to the benefits of working with a team of highly qualified realtors and support staff.

Where We Are

The Moran Team, headed up by John & Kris Moran, has built a very successful business over that past five years and is now recognized as one of the top ranking real estate teams in the area. According to recent Emerald Coast Association of Realtors statistics The Moran Team sells more condos than all but a handful of agents, has a higher list to sales price ratio than average and sells their listings 3 times faster than average. The current Average Days On Market for the board is 238 days while The Moran Team’s is only 71!

Where We Are Going

We have worked very hard to develop the skills required to succeed in a very challenging market and have developed systems that will allow us to continue grow well into the future. We are now beginning a phase of growth where we are adding realtors to service new areas for us. The first agent to join the AT THE BEACH TEAM is John Skinner who will be servicing the Panama City Beach market. You can learn more about him on the about section of the Panama City Beach Real Estate News website.

Where You Can Find Us

Some of the other areas Keller Williams Realty’s AT THE BEACH TEAM covers is Destin Real Estate, Kelly Plantation Homes For Sale, Regatta Bay Homes For Sale, Sandestin Real Estate, Grayton Beach Real Estate, Watercolor Real Estate, Seaside Real Estate, Watersound Real Estate, Rosemary Beach Real Estate, Seacrest Beach Real Estate and Rosemary Beach Real Estate.

Florida’s existing home, condo sales up in July

Florida’s existing home sales rose in July — the 11th month in a row that sales activity increased in the year-to-year comparison, according to the latest housing data released by the Florida Association of Realtors. Statewide existing home sales in July also rose over the previous month’s sales level.

Existing home sales rose 37 percent last month with a total of 15,882 homes sold statewide compared to 11,595 homes sold in July 2008, according to FAR. Statewide existing home sales in July increased 0.2 percent over June’s statewide activity. Florida Realtors also reported a 48 percent rise in statewide sales of existing condos in July.

Eighteen of Florida’s metropolitan statistical areas reported increased existing home sales in July; the same number of MSAs also showed gains in condo sales. A majority of the state’s MSAs have reported increased sales for more than a year (13 consecutive months).

To gain insight into current trends in Florida’s real estate industry, the University of Florida’s Bergstrom Center for Real Estate Studies conducts a quarterly survey of industry executives, market research economists, real estate scholars and other experts. According to the recent second quarter 2009 survey, investor confidence in the outlook for business and availability of money are reasons for cautious optimism.

“I think we’re on the road to recovery and even though most markets report they’ve seen the bottom, it’s going to be a long climb,” said Timothy Becker, the center’s director. He noted that the investment outlook for single-family development increased to its highest level since the survey began, with more respondents than ever believing it is a good time to buy.

Florida’s median sales price for existing homes last month was $147,600; a year ago, it was $193,800 for a 24 percent decrease. According to housing industry analysts with the National Association of Realtors, sales of foreclosures and other distressed properties continue to downwardly distort the median price because they generally sell at a discount relative to traditional homes. The median is the midpoint; half the homes sold for more, half for less.

The national median sales price for existing single-family homes in June 2009 was $181,600, down 15 percent from a year earlier, according to NAR. In Massachusetts, the statewide median resales price was $306,000 in June; in California, it was $274,740; in Maryland, it was $274,008; and in New York, it was $189,900.

Several positive market factors are influencing the housing sector, notes NAR’s latest industry outlook.

“Historically low mortgage interest rates, affordable home prices and a large selection are encouraging buyers who’ve been on the sidelines,” said NAR Chief Economist Lawrence Yun.

“Activity has been consistently much stronger for lower priced homes. We expect a gradual uptrend in sales to continue due to tax credit incentives and historically high affordability conditions.”

In Florida’s year-to-year comparison for condos, 5,035 units sold statewide compared to 3,396 units in July 2008 for a 48 percent increase. The statewide existing condo median sales price last month was $108,300; in July 2008 it was $168,700 for a 36 percent decrease. The national median existing condo price was $183,300 in June 2009, according to NAR.

Interest rates for a 30-year fixed-rate mortgage averaged 5.22 percent last month, down significantly from the average rate of 6.43 percent in July 2008, according to Freddie Mac. FAR’s sales figures reflect closings, which typically occur 30 to 90 days after sales contracts are written.

Among the state’s smaller markets, the Pensacola MSA reported a total of 371 homes sold in July compared to 321 homes a year earlier for a 16 percent increase. The market’s existing home median sales price last month remained level compared to a year ago at $157,800. A total of 48 condos sold in the MSA in July, up 23 percent over the 39 units sold in July 2008. The existing condo median price in July was $250,000; a year earlier, it was $325,000 for a 23 percent decrease.
This article was contributed to The Log by the Florida Association of Realtors.

For more information about Destin Condos For Sale check out the Destin Condo News, Destin Homes For Sale check out the AtTheBeachDestin.com website where you will find information about Kelly Plantation Real Estate, Regatta Bay Real Estate, Holiday Isle Real Estate and much more.  

Foreclosures, REO and Short Sale Questions Answered

Foreclosures, REO and Short Sale Questions Answered

With foreclosures, bank owned properties, and short sales at a record high finding the best deal for you can be a bit confusing!

As your local real estate expert in I can tell you that there are a ton of properties for sale right now — some of them are great deals and a lot of them aren’t — so let me act as a guide to direct you to the best investment opportunities based on your financial goals.

One way to get a great deal on real estate is though foreclosures and Short Sales which you can search Destin at http://www.atthebeachdestin.com/search-destin-mls.php or South Walton County at http://www.atthebeachfl.com/search-beach-mls.php

Call me today and will show you how I have helped other buyers and investors just like you find their great deals.

Destin Second Quarter, 2009 Homes Sold Sales Report

Looking back on the 2nd Quarter I can tell you that sale’s dropped in Sandestin so let’s take a closer look at what sold and what is currently for sale.

Sandestin Home Sales – Second Quarter, 2009

Total Number of Sandestin Homes Sold: 2
Highest Price for a Sandestin Home Sold: $155,0000
Lowest Price for a Sandestin Home Sold: $1,300,000
Average Price for a Sandestin Home Sold: $1,425,000
Average Price Per Sq. Ft. for a Sandestin Home Sold: 358
Average Days On Market for a Sandestin Home Sold: 522

There you go- these sold numbers give you a pretty good idea of what buyers are willing to pay in the current market now let’s take a look at what sellers are asking this month.
Sandestin Homes For Sale

Ok let’s take a look at what is currently for sale in Sandestin.

Total Number of Sandestin Homes For Sale: 189
Highest List Price for a Sandestin Home For Sale: $5,299,000
Lowest List Price for a Sandestin Home For Sale: $249,000
Average List Price for a Sandestin Home For Sale: $1,052,157
Average Price Per Sq. Ft. for a Sandestin Home For Sale: 337
Average Number of Days On Market for a Sandestin Home For Sale: 318
Total Number of Sandestin Home Foreclosures and Shorts Sales: 13

As you can see it’s a great time to be a buyer of Sandestin Homes For Sale and you can easily search all of them on the At The Beach website. You can also sign up for the Sandestin Foreclosures and Short Sale Alert and receive an email every time a new property comes up as a Foreclosure or Short Sale.

Destin Foreclosures, REO and Short Sales

Interested in Destin Foreclosures and Short Sales!  John Moran will email you every time a new Destin Area foreclosure or short sale comes on the market but before we start I need to make sure we don’t bury you with an avalanche of stuff you don’t want so me ask you:

  • Are you most interested in a houses, condos or land?
  • Is there an area that you are most interested in?
  • Is there a price point that you want to stay under?

As your local real estate expert in the Destin Area I can tell you that there are a lot of properties for sale right now – some of them are great deals and a lot of them aren’t — so use The Moran Team as a guide to direct you to the best investment opportunities based on your personal and financial goals.

Call John Moran today to show you how The Moran Team has helped other buyers and investors just like you find their great deals.  I can also be reached by email at john@themoranteam.com or visit our website at www.atthebeachdestin.com

Destin Real Estate Home Sales Report – May 2009

Looking back on the month of May I can tell you that Destin Real Estate sale’s dropped  so let’s take a closer look at what sold and what is currently for sale. 

 

Destin Florida Home Sales – May, 2009

  • Total Number of  Destin Homes Sold:  5
  • Highest Price for a Destin Home Sold: $925,000
  • Lowest Price for a Destin Home Sold: $325,000
  • Average Price for a Destin Sold: $550,720
  • Average Price Per Sq. Ft. for a Destin Home Sold: $179
  • Average Days On Market for a Destin Home Sold: 399

 

There you go- these sold numbers give you a pretty good idea of what buyers are willing to pay in the current market now let’s take a look at what sellers are asking this month.

 

Destin  Florida Homes For Sale

 

Ok let’s take a look at homes currently for sale in Destin.

 

  • Total Number of Destin Homes For Sale: 49
  • Highest List Price for a Destin Home For Sale: $5,875,000
  • Lowest List Price for a Destin Home For Sale:  $459,000
  • Average List Price for a Destin Home For Sale:  $1,640,335
  • Average Price Per Sq. Ft. for a Destin Home For Sale:  $358
  • Average Number of Days On Market for a Destin Home For Sale: 327
  • Total Number of Destin Home Foreclosures and Shorts Sales: 2

 

As you can see it’s a great time to be a buyer of Destin Homes For Sale and you can easily search all of them on the At The Beach Fl website.  You can also sign up for the Destin Foreclosures and Short Sale Alert and receive an email every time a new property comes up as a Foreclosure or Short Sale.