Watersound & Watercolor Sales

I received that, too. You didn't see the breakdown between WC and WS anywhere, did you?

I received that, too. You didn't see the breakdown between WC and WS anywhere, did you?

No, they lumped us all together. I know there have been some sales in Watersound recently. I was astounded at what a lot closed for in September (I believe) over by our house. It was not far off the '05 high water mark. :shock:

I received that, too. You didn't see the breakdown between WC and WS anywhere, did you?

No, they lumped us all together. I know there have been some sales in Watersound recently. I was astounded at what a lot closed for in September (I believe) over by our house. It was not far off the '05 high water mark. :shock:

You gulls aren't thinking of selling are you?

You gulls aren't thinking of selling are you?

I may be blonde, but I am not stupid.

You gulls aren't thinking of selling are you?

I may be blonde, but I am not stupid.

ditto

No way SWGB! FFF and I plan on moving down there full time in a few more years....I'm gonna start a countdown soon. We bought that place for a long term investment. I loved that they said they "shattered" the records. :funn:

I have been crunching numbers and maybe one of my fellow realtors out there can tell me why the mls here does not track sellers contributions or concessions. I was computing the average ratio of asking price to selling price and found several sales in watersound that sold at 100% of asking price. Clearly this is highly unlikely and I'm sure they gave away plenty. Sure would be nice if mls would post this number along with the price so you could get an accurate comp. They may have bought the buyer 100k worth of furniture for all we know. It skews their novemeber total as well, albeit slightly.

I couldn't think of two nicer SoWal gulls to be happily esconsed in good-intvestment SoWal real estate (which they happen to love). Good for you!

I received this email from St. Joe. Thoughts? Comments? Does anyone have the sales stats from 2005 for this month?

I count at least $20 million in November 2005 sales and at least $21 million in November 2004, but there may have been more than that.

I count at least $20 million in November 2005 sales and at least $21 million in November 2004, but there may have been more than that.

Wow....still a big difference. Thanks for searching that.

Whenever we are in Watersound there are always a lot of people going through the open houses and in the sales office. I always wonder if they are just looking/curious or if they are actual buyers.

I know there have been some sales in Watersound recently. I was astounded at what a lot closed for in September (I believe) over by our house. It was not far off the '05 high water mark. :shock:

The buyer of that lot had as much regard for the value of their dollar as the guy that bought the teardown in RM for $7.8 million.

Why would someone pay close to the 2005 high water mark when most lots are selling at 40% to 60% off 2005 highs in WS and WC unless they have absolutely no regard for the value of their dollars?? These folks simply aren't doing their homework. There are so many lots for sale in WS and WC you can absolutely get one you like for well off 2005 highs if you hire a good real estate agent and invest some time in looking around. I noticed that most of the high dollar sales are being made by the St. Joe sales folks. The buyers that use these agents aren't getting a good look at the market. The St. Joe agents focus primarily on St. Joe owned properties.

If SJ or Bobby had been their agents, I'll bet they wouldn't have paid anywhere near 2005 highs for a piece of property.

Wow....still a big difference. Thanks for searching that.

Whenever we are in Watersound there are always a lot of people going through the open houses and in the sales office. I always wonder if they are just looking/curious or if they are actual buyers.

Me just curious, my other half, looking at the architecture and checking up on some of his offices stuff. ;-)

The buyer of that lot had as much regard for the value of their dollar as the guy that bought the teardown in RM for $7.8 million.

Why would someone pay close to the 2005 high water mark when most lots are selling at 40% to 60% off 2005 highs in WS and WC unless they have absolutely no regard for the value of their dollars?? These folks simply aren't doing their homework. There are so many lots for sale in WS and WC you can absolutely get one you like for well off 2005 highs if you hire a good real estate agent and invest some time in looking around. I noticed that most of the high dollar sales are being made by the St. Joe sales folks. The buyers that use these agents aren't getting a good look at the market. The St. Joe agents focus primarily on St. Joe owned properties.

If SJ or Bobby had been their agents, I'll bet they wouldn't have paid anywhere near 2005 highs for a piece of property.

I'm sorry, but DUH. :roll:

I may be blonde, but I am not stupid.

ditto

No way SWGB! FFF and I plan on moving down there full time in a few more years....I'm gonna start a countdown soon. We bought that place for a long term investment. I loved that they said they "shattered" the records. :funn:

Yeah! Oh and if things go right with a certain property in WC you might have a new neighbor MK.

Yeah! Oh and if things go right with a certain property in WC you might have a new neighbor MK.

Hope they don't mind f bombs.

I just did a quick peek for the sales, and I may not be looking at the same data which they are, but I am looking at the ECAR MLS sold homes, and don't see 9 single family detached homes listed as sold, in the two communities of WaterSound and WaterColor. I see only seven for 2007, and that does "shatter" the 4 sales for Nov '06 and the four sales for Nov '05. I'm not seeing any sales for Nov '04, and am thinking something is a miss here. I know the areas for the ECAR maps changed around the beginning of '06, but am wondering why none show up for Nov '04. ???

Kitty and BeachBummet, anytime you want a real breakdown, let me know. I'll hook you up with the data. I love compiling data, and keep a running history. I have pushed the ECAR MLS to make stats available for the last ten years, and they tell me that Solid Earth, the software company with whom they contract services, should have stats available for the ten year history, sometime in the first half, hopefully first quarter, of 2008. Of course, stats are only as good as the people entering and analyzing the data.

house sales from watercolor to inlet beach along 30-a thru november were about 100 in 2006 and up to about 160 for 2007...lot sales went up from about 70 to 100...condo sales down from 120 or so to about 75...resales in joe props played a big part in the numbers for houses and lots

The stats are interesting. Looking at all single family homes sold in South Walton, including the area west of Sandestin to the Okaloosa County line, and including Pt Washington, here is a touch of data. (This data comes from ECAR MLS.)

Year.........tot sales (qty)............Avg Sales Price
2004...........1199.........................$689,498
2005...........918...........................$809,389
2006...........414...........................$935,761
2007...........451...........................$916,701

(Keep in mind the quantity of sales for 2007 do not include the sales during the month of Dec, where as the other years do.as of 12/20/07, there are 23 additional sales, that are not shown in the above data. )

Of the properties selling, it is obvious to see the sales prices are much higher than 2004 and 2005, and the quantity of sales, while down from those of 2004 and 2005, is up considerably from 2006.

Kitty and BeachBummet, anytime you want a real breakdown, let me know. I'll hook you up with the data. I love compiling data, and keep a running history.

No shot, Sherlick!

Someday I'd love to have a nice candlelit dinner with you over the plat books in the record room...sigh...

perhaps McLean was right...

No shot, Sherlick!

Someday I'd love to have a nice candlelit dinner with you over the plat books in the record room...sigh...

Record room? I have plat book copies in my house!

Record room? I have plat book copies in my house!

Oh dear GAWD.















(I'm jealous.)

They are also available online, but not in handy-dandy book form like my copies. Of course mine are a wee- bit old, coming from one of the two original Real Estate Brokerages in Destin, so they don't have all of the updates.

They are also available online, but not in handy-dandy book form like my copies. Of course mine are a wee- bit old, coming from one of the two original Real Estate Brokerages in Destin, so they don't have all of the updates.

That just killed the mood altogether...I think I have a headache now...

After getting that email from St. Joe, I've been waiting to see the sales on the Walton Property Appraisers website. I'm shocked to see that all of the sales figures for the 6 December records I found we significantly below the previous sale. Not what I expected at all...

360 RED CEDAR WAY

12-20-2007 833,000
01-28-2005 1,250,000
09-03-2004 889,000


12 THICKET CIR

12-20-2007 1,005,000
03-25-2005 1,500,000


1253 WESTERN LAKE DR

12-05-2007 762,500
03-28-2005 1,350,000
03-15-2004 715,000


132 SANDY CREEK DR

09-21-2007 930,000
05-19-2006 1,018,200


LOT 5 CERULEAN LANDING AT WATERCOLOR

12-19-2007 550,000
08-30-2005 925,000


LOT 20 WATERSOUND BEACH

12-06-2007 950,000
09-22-2005 1,791,000
09-25-2003 756,500

After getting that email from St. Joe, I've been waiting to see the sales on the Walton Property Appraisers website. I'm shocked to see that all of the sales figures for the 6 December records I found we significantly below the previous sale. Not what I expected at all...

Wow, those numbers are interesting. Please forgive my ignorance, but does it mean anything besides the sellers were desperate?