WaterColor Real Estate, Rosemary Beach and Scenic 30A
Seaside Farmers Market!
Get your pick of fresh produce, baked goods, dairy products, native plants and other unique offerings during the Seaside Farmers Market on Tuesday & Saturday mornings. Find local specialties that will help sustain our growers. Enjoy special cooking demos and activities sure to liven up your morning!
Saturdays and Tuesdays, 8am-12pm , Seaside Amphitheatre behind Raw & Juicy
The St. Joe Company Announces Early Termination of Southwest Airlines Guarantee Agreement
WATERSOUND, Fla., Jul 02, 2012 (BUSINESS WIRE) — The St. Joe Company /quotes/zigman/162468/quotes/nls/joe JOE -0.88% (“St. Joe”) today announced the early termination of the Strategic Alliance Agreement For Air Service between Southwest Airlines Co. (“Southwest”) and St. Joe. The agreement required St. Joe to reimburse Southwest for up to $26.0 million of losses during the first three years of operation at the new Northwest Florida Beaches International Airport (ECP). St. Joe has not been required to make any payments under the agreement. The early termination is effective July 1, 2012.
“We are proud to have played a critical role in securing air service by Southwest to Northwest Florida Beaches International Airport,” said St. Joe CEO Park Brady. “Southwest enabled not only increased visitation to our region but also reduced airfares that are enjoyed by the residents of our local communities.”
Southwest initiated service to ECP on May 23, 2010, in conjunction with the opening of the new airport located at West Bay in Panama City Beach, FL. “The addition of Southwest’s service is a true success, with Southwest accounting for 57% of the passenger market share and taking the Airport from 9% of the Northwest Florida’s passenger traffic in 2009 to 25% in 2012,” according to John Wheat, ECP’s Executive Director.
“The financial safety net provided by St. Joe was instrumental in attracting Southwest Airlines to Northwest Florida Beaches International. In every respect, the Agreement with St. Joe has been a triumph. It has fulfilled its mission and achieved its intended purpose,” explained Bob Montgomery, Vice President — Airport Affairs for Southwest.
Recently, Southwest extended their lease agreement with the Northwest Florida International Beaches Airport through 2015, illustrating their commitment to the market and the communities of northwest Florida.
BANK OWNED FORECLOSURE 4 YOU!!~~~ Rare opportunity at Rosemary Beach to purchase a large residence at an unbelievable price and finish to your personal taste!
4 BR 4.5 BA
3,317
$720,000
INMAN REAL ESTATE NEWS:
Sales of new, single-family homes rose nearly 20 percent year over year in May, according to a monthly report by the U.S. Census Bureau and the Department of Housing and Urban Development.
New-home sales were at a seasonally adjusted annual rate of 369,000 last month, up an estimated 7.6 percent from April’s revised rate and 19.8 percent above the estimated sales rate in May 2011, the report said.
Last month’s sales rate was the highest since April 2010, when sales hit an annual rate of 422,000. New-home sales have been rising on a year-over-year basis for eight straight months, since October 2011, according to historical data from the census bureau.
The Northeast saw the biggest yearly jump in new-home sales (127.8 percent) followed by the South (16.6 percent), the West (10.8 percent), and the Midwest (2.4 percent).
New homes sold for a median $234,500 in May, up 5.6 percent from May 2011.
The seasonally adjusted estimate of new homes for sale at the end of May was 145,000, down 14.2 percent from May 2011. That’s a 4.7-month supply at the current sales pace, down from five months in April and 6.6 months in May 2011. New-home inventory hit an all-time high of 12.1 months in January 2009. Many analysts consider a six-month supply of homes an even balance of supply and demand.
Price: $749,000
Year Built: 2002
Style: Florida Cottage
3 Bedrooms
2 Baths
1,852.00 SqFt
GENUINE OLD SEAGROVE APPEAL – Charming 3 bedroom cottage in the heart of Old Seagrove with large screened pool and spa. A spacious open floor plan adjoins the shady screened porch and deck for dining and grilling.Interior details include a cozy fireplace with built in bookcases and two guest bedrooms ” one with a morning kitchen, separate entrance and screened porch. 24 x 24 Garage for all the beach toys and bikes. Two blocks, you’re at the beach, a short bike ride to Seaside or Watercolor Crossing. No HOA fees. Get your slice of 30-A now! As always, Buyer to verify all dimensions.
Click here For additional information and photos
The Bell Tolls for Housing
JUNE 5, 2012 | 1:40 PM EDT
CoreLogic’s April housing stats are consistent with my own view.
“We see the consistent month-over-month increases in home price indices as one sign that the housing market is stabilizing … home prices are responding to a restricted supply that will likely exist for some time to come — an optimistic sign for the future of our industry … home prices nationwide, including distressed sales, increased on a year-over-year basis by 1.1 percent in April 2012 compared to April 2011. This was the second consecutive year-over-year increase this year, and the first time two consecutive increases have occurred since June 2010. On a month-over-month basis, home prices, including distressed sales, increased by 2.2 percent in April 2012. This marks the second consecutive month-over-month increase this year … Excluding distressed sales, prices increased 2.6 percent in April 2012 compared to March 2012, the third month-over-month increase in a row. The CoreLogic HPI also shows that year-over-year prices, excluding distressed sales, rose by 1.9 percent in April 2012 compared to April 2011.”
— Anand Nallathambi, president, CoreLogic
I am of the firm belief that the U.S. housing market is embarking upon a durable multi-year recovery that is capable of being in place for most of this decade.
The recovery in the residential real estate market should be an important factor in a self sustaining domestic economic recovery.
Corelogic’s April housing statistics are consistent with my view.
Here are some of the month’s hightlights:
Including distressed sales, the five states with the highest appreciation were: Arizona (+8.8 percent), District of Columbia (6.4 percent), Florida (+5.5 percent), Montana (+5.4 percent), and Utah (+5.4 percent).
Including distressed sales, the five states with the greatest depreciation were: Delaware (-11.9 percent), Illinois (-6.8 percent), Alabama (-6.6 percent), Rhode Island(-6.2 percent), and Georgia (-5.6 percent).
Excluding distressed sales, the five states with the highest appreciation were: Utah (+5.3 percent), Idaho (+5.1 percent), Mississippi (+4.7 percent), Louisiana (+4.6 percent) and Arizona (+4.6 percent).
Excluding distressed sales, the five states with the greatest depreciation were: Delaware (-10.1 percent), Rhode Island (-6.2 percent), Alabama (-4.4 percent), Vermont (-2.8 percent) and Connecticut (-2.3 percent).
Including distressed transactions, the peak-to-current change in the national HPI (from April 2006 to April 2012) was -31.7 percent. Excluding distressed transactions, the peak-to-current change in the HPI for the same period was -23.3 percent.
The five states with the largest peak-to-current declines including distressed transactions are Nevada (-58.9 percent), Florida (-46.5 percent), Arizona (-46.5 percent), Michigan (-43.6 percent) and California (-41.0 percent).
Of the top 100 Core Based Statistical Areas (CBSAs) measured by population, 44 are showing year-over-year declines in April, 10 fewer than in March.
