Sandestin Real Estate News

Southwest Airline coming to the Panhandle on May 2010

2009-10-22T11:53:00.000-07:00

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

2009-10-15T09:53:00.000-07:00

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?

2009-09-30T13:23:00.000-07:00

Thumbs 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 Sandestin Condo Foreclosures and Sandestin Condo Short Sales by going to the At The Beach Sandestin 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

2009-09-17T09:55:00.001-07:00

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/

Sandestin Real Estate Report Q1 2009 Homes

2009-04-04T07:16:00.000-07:00

This 3,236 sq.ft. Sandestin Home Foreclosure sold for $625,000

Curious about Sandestin Real Estate and how Sandestin Homes Sales played out in the first quarter of 2009? Well lets take a look and see what the numbers tell and hopefully shine a little light on the Sandestin Real Estate market. There were 12 homes sold in Sandestin during the first quarter ranging in price from $205,000 to $750,000. Of the 12 sales 2 were either Short Sale or Foreclosures. It seems the numbers are telling us that the houses selling (4 per month) tended to be the mid range priced properties. Lets take a look.

Total Number of Sandestin Homes Sold (Q1 of 2009): 12
Highest Priced Sandestin Home Sold: $750,000
Lowest Priced Sandestin Home Sold: $205,000
Average Price for a Sandestin Home Sold: $463,333
Average Price Per Sq. Ft. for a Sandestin Home Sold: $232
Average Days On Market for a Sandestin Home Sold: 306
Total Number of Sandestin Homes Sold as Foreclosure or Short Sale: 2

If you would like more information regarding these sales simply call John Moran at 850-654-3325 or email me at john@themoranteam.com

Sandestin Home Foreclosure Currently For Sale listed at $1,939,900

Sandestin Homes For Sale

Ok, as we look at the Sandestin Homes for sale we can see that there are 197 homes currently on the market ranging in price from almost $5 million to as low as $175,000giving buyers a lot to choose from. From the sellers stand point it still a little unnerving that only(4)homes are selling per month creating 49 weeks (just over 4 years)of inventory. Let take a look at what we have.

Total Number of Sandestin Homes For Sale (as of 4/4/2009): 197
Highest Priced Sandestin Home For Sale: $5,299,000
Lowest Priced Sandestin Home For Sale: $175,000
Average Price for a Sandestin Home For Sale: $1,066,545
Average Price Per Sq.Ft. for a Sandestin Home For Sale: $349
Average Number of Days On Market for a Sandestin Home For Sale: 313
Total Number of Sandestin Home Foreclosures or Short Sales: 14

To see Sandestin Homes For Sale or Sandestin Foreclosures and Short Sales go to www.atthebeachfl.com

Sign up for the Sandestin Foreclosures and Short Sale Alert and we will email you every time a Sandestin property comes on the market as a Foreclosure or Short Sale.

Sandestin Real Estate - 1st Quarter 2009

2009-04-04T05:39:00.000-07:00

3 bed 3 bath Condo at Grand Sandestin Sold in Foreclosure for $400,000

Condo Sales: 1st Quarter 2009

Well the first quarter of 2009 is in the books for Sandestin Real Estate and there is some good news and bad news for Sandestin Condos Sales depending on whether you are a buyer or a seller. The news is that there were 17 condos sold in Sandestin in the first three months of the year ranging in price from just over $100,000 to $1.2 million with 8 of them being either short sales or foreclosures. Lets take a look at how the numbers broke out.

Total Number of Sandestin Condos Sold(1st Qtr. 2009): 17
Lowest Priced Sandestin Condo Sold: $102,000
Highest Priced Sandestin Condo Sold: $1,200,000
Average Price for a Sandestin Condos Sold: $277,779
Average Sq.Ft. Price for a Sandestin Condos Sold: $263
<strong>Average Days On Market for a Sandestin Condos Sold:151
Number of Sandestin Condos Sold as Short Sales or Foreclosures:8

If you would like more information regarding these sales simply call John Moran at 850-654-3325 or email me at john@themoranteam.com

Check out this 3 bedroom 3 bath Sandestin Condo Foreclosure for sale

Sandestin Condos For Sale

That is what has sold now lets take a quick look at Sandestin Condos currently for sale. It's notable that as of 4/4/2009 there are 422 condos for sale in Sandestin ranging in price from $77,000 to $3,750,000. This means that with 5.66 condos selling per month that Sandestin has a 74+ month (6+ years)inventory of condos for sale. Lets take a look at how the active Sandestin Condos For Sale break down:

Total Number of Sandestin Condos For Sale(4/4/2009): 422
Highest PricedSandestin Condo For Sale: $3,750,000
Lowest Priced Sandestin Condo For Sale: $77,000
Average Price for a Sandestin Condo For Sale: $560,089
Average Price Per Sq.Ft. for a Sandestin Condo For Sale: $432
Average Number of Days on Market for Sandestin Condos For Sale: 388
Total Number of Sandestin Condo Foreclosures or Short Sales For Sale: 66

To see Sandestin Condos For Sale or Sandestin Foreclosures and Short Sales go to www.atthebeachfl.com

Stay on top of Sandestin Foreclosures and Short Sales by signing up for the Sandestin Foreclosure and Short Sale Alert and we will email you every time a Sandestin property comes on the market as a Foreclosure or Short Sale.

Sandestin Real Estate News

2009-02-28T10:52:00.001-08:00

3958 Baytowne Ave N. Sandestin Vacant Lot For Sale: Click Here For Details

Sandestin Real Estate: Vacant Land Sold in 2008

Total Sandestin Vacant Land Sales: 12
High Price for Sandestin Vacant Land Sale: $895,000
Low Price for Sandestin Vacant Land Sale: $275,000
Average Price for Sandestin Vacant Land Sale: $486,458
Average Days On Market for Sandestin Vacant Land Sale: 252

Great Mid Priced Sandestin Lot For Sale: Click Here For Details

Sandestin Real Estate: Vacant Land For Sale

Total Sandestin Vacant Land Lots For Sale: 78
High Price for Sandestin Vacant Land For Sale: $2,600,000
Low Price for Sandestin Vacant Land For Sale: $99,000
Average Price for Sandestin Vacant Land For Sale: $540,947
Average Days On Market for Sandestin Vacant Land For Sale: 421