Slammed! Best market since 2005! (For sellers)

Good for you Bobby!

In my neighborhood a few lot prices have tripled off the bottom and the house i bought in 2010 is up 80%. i'm getting postcard mailouts from agents begging for inventory. Pricing got crazy low 2 yrs ago and its coming back to the middle ground and hopefully rises 5-10% for the next 5-7 years to get back to 2006 highs

Lots of sales and new construction.
Keep thinking a new bubble is being inflated, but cannot blame folks for wanting a piece of paradise.

In my neighborhood a few lot prices have tripled off the bottom and the house i bought in 2010 is up 80%.

OK. I've gotta ask--what is your neighborhood????

I'm a Georgia Realtor of 13 years looking to work for a Developer in the area ... Any suggestions ?
Wanting to move to the area soon

New houses are popping up like mushrooms around here.

I'd like developers to finish some of the communities they started and tie up some of those lose ends (e.g., whatever used to be known as Prominence and the place that had the French name that never made it off the ground (just had some concrete pillars) in the Seacrest area. Hope there are plans to finish these soon. I think I read on this board that Prominence will be completed, but I'm not sure of that.

Prominence was bought by DR Horton. No activity yet except for a large rubbish container placed on-site. The other you mentioned was called Chateau Du Paris.

I don't think this will be like the late 1990's through the bust. We owned at Sea Bluffs in late 1999 before "my ships came in" namely, Adaigo and Bella Vita. Sold our place for a solid triple after all the owners were getting valuations monthly. I asked one simple question, "If our values are rising every month, why not the rental price?" Nobody bothered to answer that one, and as a financial advisor, decided to sell in 2004....took one day to sell and was sold for $50k more than appraisal.

That, my friends, is a bubble. Buying on spec before it is out of the ground and flipping it. Now, with cheap money from the Fed, people have figured out that they had better get their final resting place before rates move up. We got our slice of paradise last May and I can assure you that we will not flip and got it at such a price that we do not have to rent.

Love it here and maybe because of low interest rates, repaired balance sheets and being a bit older, buyers are realizing they better buy now and enjoy.

I'm a builder on 30A, - Watercolor, Seagrove, etc. Haven't had a deal yet in the past year or so that wasn't cash, which is good, they can't get upside down on a mortgage. We are building in one neighborhood where a 4 bedroom house is selling for what the building lots sold for back in the day, at least for now. We live on a little bitty strip of land with Gulf on one side, State forest and wetlands on the other, and a height limitation. All that adds up to not enough property for the demand. If you are thinking about buying or building, don't think long.

Prominence was on the BCC agenda 2 days ago:

Prominence – Phase 1 - Project number 13-00300005 being reviewed by Renee Bradley. This is a plat application submitted by Innerlight Engineering,Corp., requesting to construct 41 residential homes and then sell the lot/house combination to a third party, consisting of 9.84 acres with a future land use of Neighborhood Planning. The project is located 2.0 miles west of Watersound Parkway on the north and south side of CR-30A and identified by parcel number(s) 20-3S-18-16000-002-0000.

Prominence was bought by DR Horton. No activity yet except for a large rubbish container placed on-site. The other you mentioned was called Chateau Du Paris.

Whoever buys/finishes Chateau Du Paris REALLY needs to change the name...

Whoever buys/finishes Chateau Du Paris REALLY needs to change the name...

I think it should remain as is, serving as a monument to the absolute insanity that accompanies real estate bubbles. Floridians seem to forget the lesson after each bust.

Maybe it could serve as a memorial park to bad taste in names... But someone could scoop it up and make it simply (I emphasize the simply) fabulous and beachy with a new name. The location is great - quiet, off the beaten track, near a beach access. Just needs a little lovin'.

Good one 30A Skunkape

Maybe it could serve as a memorial park to bad taste in names... But someone could scoop it up and make it simply (I emphasize the simply) fabulous and beachy with a new name. The location is great - quiet, off the beaten track, near a beach access. Just needs a little lovin'.

Paula, this parcel is right on 30a so I wouldn't call it " off the beaten track". The closest beach access is quite a hike down 30a in either direction. The accesses across the street are private belonging to Tranquility, Capistrano and Monterey. Also, the wall facing 30a is not legal, too close to the road, and must be torn down before development. I agree that sooner or later this parcel will be developed but it is not as attractive as might seem. Lack of access has doomed other developments ( Aquaterra, Prominence are two close by ).
Truly a horrible name but I understand the previous owners wife was French and was the inspiration.

Good points and I'm delighted that the wall will have to come down. That part of 30A is quieter than some of the busier communities when it comes to traffic, restaurants, etc., so that's what I mean by off the beaten track. Still on 30A for sure. The public beach access may not be across the street, but my guess is it's 1/8 - 1/4 mile away (though I'm not sure). I don't think there's parking at that access. We'll be in the area soon and we'll take a walk by it (we're at the Cottages at Camp Creek and fortunately have a deeded access pretty much across the street) because you made me curious...

There's definitely not a lot of listings out there around 30A. I've been looking since January for a value in the Seagrove area that would rent well and there have hardly been any new listings. Maybe something will pop up, but for me the timing wouldn't be that great now that the rental season would be almost over before I could close on anything.

Good points and I'm delighted that the wall will have to come down. That part of 30A is quieter than some of the busier communities when it comes to traffic, restaurants, etc., so that's what I mean by off the beaten track. Still on 30A for sure. The public beach access may not be across the street, but my guess is it's 1/8 - 1/4 mile away (though I'm not sure). I don't think there's parking at that access. We'll be in the area soon and we'll take a walk by it (we're at the Cottages at Camp Creek and fortunately have a deeded access pretty much across the street) because you made me curious...

Sorry I mistook what you meant by "off the beaten track". For sure that stretch is low density when it comes to the things you cited. As another plus it is close to the only North/South road to 98 on the East end. Anything that avoids using 30a would be a major factor for me. None of the nearby public accesses have parking except for a couple LSV's. The closest would be either Inlet Beach or Deer Lake - definately a car ride.

I bet St. Joe wishes it had a few more WaterColors - lots of building going on in there.

I bet you wish you were in blue mountain. Beach
Top ten best beaches in many publications plus
Life is low and slow here.