SoWal Condo Purchase - End of '07?

After vacationing in the Destin/SoWal area for the past 12 years, my wife and I are finally planning on purchasing a condo. At the moment, our target date is to purchase by the end of 2007.

I know there are quite a few SoWal.com members that are "in the business". I'm really interested to get your view (and advise) on the subject.

Thanks in advance!

It's OK to ask, but here's an old saying to keep in mind: "Don't ask the barber if you need a haircut." :cool:

It's OK to ask, but here's an old saying to keep in mind: "Don't ask the barber if you need a haircut." :cool:

I know there are quite a few SoWal.com members that are "in the business". I'm really interested to get your view (and advise) on the subject.

Thanks in advance!

After vacationing in the Destin/SoWal area for the past 12 years, my wife and I are finally planning on purchasing a condo. At the moment, our target date is to purchase by the end of 2007.

I have already seen some of the properties I've had my eye on decrease in price over the last year. My current thinking is that prices will continue to decline through next year.

What is the general thinking of the market over the next year? How far down can it realistically go?

I know there are quite a few SoWal.com members that are "in the business". I'm really interested to get your view (and advise) on the subject.

Thanks in advance!

This is the wrong place to ask for "condo" advice. At best you will attain second class status by buying real estate west of 30A. On this forum SOWAL means anything on 30A, that makes you royalty and qualifies you for advice.
From another second class "sowal" owner..prices are as far down as they will get (mho)..they are stagnant now but I would'nt gaurantee anything past the first quarter of 2007.
Keep your powder dry and be prepared to pounce on anything outside the price box.
Good luck.

This is the wrong place to ask for "condo" advice. At best you will attain second class status by buying real estate west of 30A. On this forum SOWAL means anything on 30A, that makes you royalty and qualifies you for advice.
From another second class "sowal" owner..prices are as far down as they will get (mho)..they are stagnant now but I would'nt gaurantee anything past the first quarter of 2007.
Keep your powder dry and be prepared to pounce on anything outside the price box.
Good luck.

At best you will attain second class status by buying real estate west of 30A. On this forum SOWAL means anything on 30A, that makes you royalty and qualifies you for advice.

South Walton Establishes an Aristocracy

Members of the SoWal elite met over drinks at Bud n Alleys rooftop bar and decided to formalize what has been a de facto reality along the Emerald Coast for several years now. Certain residents, due to the divine right of real estate, have achieved a higher social standing than others.

Mimicking the famous quote by Louis XIV, Rosemary Beach resident Bob Hershburger exclaimed ?L?estate, c?est moi.??.and so it was, that henceforth all SoWal residents living along the 30-A corridor were officially elevated to the ranks of aristocracy.

Inspired both by the history of the Bourbons, and by a few glasses of Bourbon?..it was decided to establish the House of Wild Turkey to represent Dune Allen, The House of Beam for Blue Mountain and Grayton, while points east would collectively fall under the House of Knob Creek.

Messages were sent to the bourgeois Golf Communities off 30-A to inform them, for as every aristocrat knows- there?s not much point in being a noble unless there is someone pressing their nose up to the fence trying to get in.

?The Sandestinians were livid!, exclaimed the new Duchess of Seacrest, ?which of course is great because this would have been game over had they just laughed it off!?

Safe in the knowledge of their inherent superiority, the newly elevated nobles of south Walton returned to their beachside palaces; and noted, with satisfaction, that what they suspected was true- their septic systems really don?t stink.

South Walton Establishes an Aristocracy

Members of the SoWal elite met over drinks at Bud n Alleys rooftop bar and decided to formalize what has been a de facto reality along the Emerald Coast for several years now. Certain residents, due to the divine right of real estate, have achieved a higher social standing than others.

Mimicking the famous quote by Louis XIV, Rosemary Beach resident Bob Hershburger exclaimed ?L?estate, c?est moi.??.and so it was, that henceforth all SoWal residents living along the 30-A corridor were officially elevated to the ranks of aristocracy.

Inspired both by the history of the Bourbons, and by a few glasses of Bourbon?..it was decided to establish the House of Wild Turkey to represent Dune Allen, The House of Beam for Blue Mountain and Grayton, while points east would collectively fall under the House of Knob Creek.

Messages were sent to the bourgeois Golf Communities off 30-A to inform them, for as every aristocrat knows- there?s not much point in being a noble unless there is someone pressing their nose up to the fence trying to get in.

?The Sandestinians were livid!, exclaimed the new Duchess of Seacrest, ?which of course is great because this would have been game over had they just laughed it off!?

Safe in the knowledge of their inherent superiority, the newly elevated nobles of south Walton returned to their beachside palaces; and noted, with satisfaction, that what they suspected was true- their septic systems really don?t stink.

South Walton Establishes an Aristocracy

Members of the SoWal elite met over drinks at Bud n Alleys rooftop bar and decided to formalize what has been a de facto reality along the Emerald Coast for several years now. Certain residents, due to the divine right of real estate, have achieved a higher social standing than others.

Mimicking the famous quote by Louis XIV, Rosemary Beach resident Bob Hershburger exclaimed ?L?estate, c?est moi.??.and so it was, that henceforth all SoWal residents living along the 30-A corridor were officially elevated to the ranks of aristocracy.

Inspired both by the history of the Bourbons, and by a few glasses of Bourbon?..it was decided to establish the House of Wild Turkey to represent Dune Allen, The House of Beam for Blue Mountain and Grayton, while points east would collectively fall under the House of Knob Creek.

Messages were sent to the bourgeois Golf Communities off 30-A to inform them, for as every aristocrat knows- there?s not much point in being a noble unless there is someone pressing their nose up to the fence trying to get in.

?The Sandestinians were livid!, exclaimed the new Duchess of Seacrest, ?which of course is great because this would have been game over had they just laughed it off!?

Safe in the knowledge of their inherent superiority, the newly elevated nobles of south Walton returned to their beachside palaces; and noted, with satisfaction, that what they suspected was true- their septic systems really don?t stink.

• I am looking for something along 30-A, preferably on the eastern half between Watercolor and Rosemary Beach. If I was looking for something in Destin, I'd find a Destin message board!
• I was just curious to see what members of the board had to say about my comment of buying in 2007. I'm sure there are realtors out there that will say the market is great and to buy right now. I've actually already received some PM's from realtors with the opposite message.
• I have the money -- but why buy a steak today for $30 when you can have it next week for $20. I'm not that hungry.

South Walton Establishes an Aristocracy

Members of the SoWal elite met over drinks at Bud n Alleys rooftop bar and decided to formalize what has been a de facto reality along the Emerald Coast for several years now. Certain residents, due to the divine right of real estate, have achieved a higher social standing than others.

Mimicking the famous quote by Louis XIV, Rosemary Beach resident Bob Hershburger exclaimed ?L?estate, c?est moi.??.and so it was, that henceforth all SoWal residents living along the 30-A corridor were officially elevated to the ranks of aristocracy.

Inspired both by the history of the Bourbons, and by a few glasses of Bourbon?..it was decided to establish the House of Wild Turkey to represent Dune Allen, The House of Beam for Blue Mountain and Grayton, while points east would collectively fall under the House of Knob Creek.

Messages were sent to the bourgeois Golf Communities off 30-A to inform them, for as every aristocrat knows- there?s not much point in being a noble unless there is someone pressing their nose up to the fence trying to get in.

?The Sandestinians were livid!, exclaimed the new Duchess of Seacrest, ?which of course is great because this would have been game over had they just laughed it off!?

Safe in the knowledge of their inherent superiority, the newly elevated nobles of south Walton returned to their beachside palaces; and noted, with satisfaction, that what they suspected was true- their septic systems really don?t stink.

Geez! It's amazing how the group just takes something and runs with it. :shock:

Let's clarify --

• I am looking for something along 30-A, preferably on the eastern half between Watercolor and Rosemary Beach. If I was looking for something in Destin, I'd find a Destin message board!
• I was just curious to see what members of the board had to say about my comment of buying in 2007. I'm sure there are realtors out there that will say the market is great and to buy right now. I've actually already received some PM's from realtors with the opposite message.
• I have the money -- but why buy a steak today for $30 when you can have it next week for $20. I'm not that hungry.

South Walton Establishes an Aristocracy

Members of the SoWal elite met over drinks at Bud n Alleys rooftop bar and decided to formalize what has been a de facto reality along the Emerald Coast for several years now. Certain residents, due to the divine right of real estate, have achieved a higher social standing than others.

Mimicking the famous quote by Louis XIV, Rosemary Beach resident Bob Hershburger exclaimed ?L?estate, c?est moi.??.and so it was, that henceforth all SoWal residents living along the 30-A corridor were officially elevated to the ranks of aristocracy.

Inspired both by the history of the Bourbons, and by a few glasses of Bourbon?..it was decided to establish the House of Wild Turkey to represent Dune Allen, The House of Beam for Blue Mountain and Grayton, while points east would collectively fall under the House of Knob Creek.

Messages were sent to the bourgeois Golf Communities off 30-A to inform them, for as every aristocrat knows- there?s not much point in being a noble unless there is someone pressing their nose up to the fence trying to get in.

?The Sandestinians were livid!, exclaimed the new Duchess of Seacrest, ?which of course is great because this would have been game over had they just laughed it off!?

Safe in the knowledge of their inherent superiority, the newly elevated nobles of south Walton returned to their beachside palaces; and noted, with satisfaction, that what they suspected was true- their septic systems really don?t stink.

• ...I have the money -- but why buy a steak today for $30 when you can have it next week for $20. I'm not that hungry.

because over the course of a week, a steak can become rotten and not worth $10. ;-) (of course this is just some humor)

You are absolutely correct -- but there is always another fresh steak out there. It's just about waiting for the right one... 😀