April Sales Numbers Report

see attached

Maybe I am not reading your figures correctly but it looks to me like we are starting to creep up just a little in the resale condo sector from the last few months?

Are there any commercial land figures?

Hey SJ, it looks like the first 3 mos of 06 were revised down in apr...any idea as to why...it looks like lots outsold dsf...a couple of agents told me that they closed more in apr than mar...guess they were wrong...are your #'s thru the county or from another source...thanks again for the legwork for this...Red

Hey SJ, it looks like the first 3 mos of 06 were revised down in apr...any idea as to why...it looks like lots outsold dsf...a couple of agents told me that they closed more in apr than mar...guess they were wrong...are your #'s thru the county or from another source...thanks again for the legwork for this...Red

Redfisher, let me clarify my numbers. The data from my numbers includes the land from the Walton/Bay County line west thru Mack Bayou. The data does not include the part of Walton County from Sandestin through the Walton/Okaloosa county line. The reason for this is that mostly, the people on this board refer to SoWal as the area defined in my data. If you add in that other area of south Walton in Mirarmar to Destin, the data will change and could make the info you here from your other sources accurate.

Red, I could have errored in my information. Please tell me specifically what you mean by your statement, "it looks like the first 3 mos of 06 were revised down in apr." Are you saying that the data changed from my last publication? I did not compare the two. It is possible that the data from ECAR has changed, but I would like to eliminate any chance for error and find the variance of which you speak.

I compile my information from ECAR, the Emerald Coast Association of Realtors, and the information is only as good as the people inputting the data. There is always room for error in the listings. Also, on occassion, data can be off because Realtors are allowed to list a tear-down property as two listings - vacant land and single family detached. Remember, too, that one big sale or small sale will skew the avg price. For example, I believe the SoWal single family detached info for April, includes the $9.15 M home in the Retreat, which brought the average up from $800K to $1.5M.

Yes, I can include commercial land in my data, but I have not done so in the past. Perhaps, beginning next month, I will include it. I wouldn't look for much in that category for SoWal or Freeport at this time. Most land in Freeport which will be commericial in the future is not listed as commercial at this time. It is more likely that the land will be purchased prior to receiving the land use change.

Hey SJ, let me first say I truly appreciate your efforts and don't want to appear to be ungrateful...I just looked at the Jan/mar 06 dsf sales numbers on the march and april reports and saw a difference...for instance in the march report-monthly sales dsfh; jan 30, feb 33, mar 34....in the apr report-monthly sales dsfh; jan 20, feb 20, mar 25....forgive me in advance if i have made a mistake in interpretation...thanks, Red

Redfisher, thanks for pointing out the variance. I hope you always chime in when you see things such as this. The difference from last months post of numbers and this month's comes in that April is the first month which I did not include the area of Walton County from Sandestin to the Walton/Okaloosa County line.

I would like to get some feedback from all who look at these numbers. Would you like me to include the sales data from the area from Sandestin to the Walton/Okaloosa County line? :idontno:

SJ, r/e everyone's interest...mine is purely 30-a...not sure what option will be the most popular, I'm just happy to have the resource...thanks again, Red

SJ, r/e everyone's interest...mine is purely 30-a...not sure what option will be the most popular, I'm just happy to have the resource...thanks again, Red

Thanks for the feedback. Unfortunately, I cannot limit the data strickly to 30A because of the recent map changes by ECAR, which will result in inaccurate data because some agents do not correctly map their listings. However, I can eliminate the area from Sandestin to Destin without much alarm for inaccuracies.

The data posted does currently include the area in SoWal north of hwy 98, and will continue to do so for more accurate historical perspective. ;-)

I would like to get some feedback from all who look at these numbers. Would you like me to include the sales data from the area from Sandestin to the Walton/Okaloosa County line? :idontno:

Since you asked for feed back..first thanks for compiling the #'s.. they are helpful to keep track of vol and trends.
I was, however very surprised to find that your data are skewed. Since most of my holdings are in the area you have discarded, I guess you should have qualified your numbers when posting to warn the few of us outcasts that we should look elsewhere for comparable data.
It IS interesting that you sought to segregate the county. Although in terms of inflated prices..30-A is definitely off the wall and waiting for a major correction.
South Walton is as described by Kurt on the index page of this site..isn?t it?

Since you asked for feed back..first thanks for compiling the #'s.. they are helpful to keep track of vol and trends.
I was, however very surprised to find that your data are skewed. Since most of my holdings are in the area you have discarded, I guess you should have qualified your numbers when posting to warn the few of us outcasts that we should look elsewhere for comparable data.
It IS interesting that you sought to segregate the county. Although in terms of inflated prices..30-A is definitely off the wall and waiting for a major correction.
South Walton is as described by Kurt on the index page of this site..isn?t it?

Dsilvar, thanks for the feedback. As for segmenting the southern part of Walton County, I have done this since I moved here. The areas for the length of 30A is a much different area than the area just to our west in Destin, different in many ways. I know you are more on the borderline between the two, pehaps having the best of both worlds -- not a bad thing.

Many of my customers mostly care about the numbers for area including the length of 30A. I typically try not to spread out too much, but I certainly do not mind doing a little more work including data from your area. I can separate it out or include it in the SoWal data. Now accepting feedback on what to do. I understand that you want to see that info. Would you like to see it lumped in with the other, or separated out? Do you want to see condos, attached, detached, combined residential, residential land? Each one would be a different report, and I am a subscriber of K.I.S.S., but compiling and reviewing this data is a part of what I do as a Realtor, so just let me know how you would like to see the data and which data in particular.;-)

I wasn't able to get any shots of the condo project for you, but I took a drive by glance, and it looks like they still have a bit of work to do.

Now accepting feedback on what to do.
Would you like to see it lumped in with the other, or separated out? Do you want to see condos, attached, detached, combined residential, residential land?
I wasn't able to get any shots of the condo project for you, but I took a drive by glance, and it looks like they still have a bit of work to do.

Many thanks SJ.
I guess it serves a better purpose to keep the data separated since most indeed are 30-A folk.
Data for Condos, single family homes and residential land for areas west of sandestin should have a decent audience tho'. I know of at least 4 posters that are from this area.
thanks also for the drive by peep...I have asked Kurt also but I think I may have to drive up. I just hate the roads in Lousiana. :pissed:

Many thanks SJ.
I guess it serves a better purpose to keep the data separated since most indeed are 30-A folk.
Data for Condos, single family homes and residential land for areas west of sandestin should have a decent audience tho'. I know of at least 4 posters that are from this area.
thanks also for the drive by peep...I have asked Kurt also but I think I may have to drive up. I just hate the roads in Lousiana. :pissed:

I have a meeting over that way next week and will try to remember to get some shots for you.

I appreciate seeing the separation of data between 30A and elsewhere.
There are some significant features about 30a which make it increasingly distinctive from other locations.

With the growing concern, whether warranted or not, about hurricanes and global warming buyers are starting to ask questions such as:

1. What is the above sea-level elevation of the property? Many areas along 30A have the highest coastal elevations on the Gulf coast and all of Florida not to mention most of the east coast.Outcomes from Katrina suggest that storm surge was the most significant cause of damage; not wind.

2. Can I get Federal flood insurance? Many areas in Sandestin to Destin can't get federal flood insurance. The Sandestin to Destin area is considered a Coastal Barrier Island and in a major hurricane is at risk to being washed over from beach to bay

3. Can I get flood insurance at a reasonable cost? On 30A with at least a 30 Ft. ground level elevation we only pay $317 for flood insurance-some say I am wasting my money even buying the insurance. We are 3 blocks from the Gulf. Friends of mine in Miramar Beach area have to go through a private insurer and pay about $2500 a year just for flood and that is with a $50,000 deductible!

4. Does the structure qualify for Wind storm insurance discounts such as: hip roof, high impact windows, built since new 2002 building codes, etc?