Homes On 30A ® 850-687-1064

WaterColor Real Estate, Rosemary Beach and Scenic 30A

30a real estate news

Watercolor Florida Price Reduction

 

 

PRICE REDUCED to $1,125.00

102 Red Cedar Way

Watercolor, Florida  32459

Year Built: 2004
Style: Florida Cottage
4 Bedrooms
5 Baths
2,772.00 SqFt

Don’t miss this opportunity. This is the largest home for the money in the Camp district of Watercolor. Just Steps away from Camp Watercolor, this fabulous home was built by Monte Hewitt Homes. Home is being sold furnished excluding art. This wonderful home features 4 bedrooms, all with private baths, including one main floor bedroom. The wonderful Master suite features a private screened porch. The open floor plan is great for entertaining large groups. The spacious kitchen features custom stained cabinetry, stainless steel appliances and center island. The open living and dining area features a fireplace and screened porch with additional seating for outdoor dining. The expansive wrap-around porches are great overflow areas when entertaining large groups. Located beside the home is one of the many nature trails in Watercolor. Located on a private and wooded lot, makes this home an appealing property. .5% of sale paid at time of close to St. Joe Community Foundation.

 

Karen Holder

Broker Owner

Homes on 30a

850.687.1064

 

 

30A YTD Closed/Sold Profile Report

Karen Holder

Broker Associate

The Beach Group

850.687.1064

www.Homeson30A.com

 

30A  Real Estate Sales Stats for Detached Single Family Homes 2011-2012

 

       Sales Price Range 2011 2012   Percentage Change
$0- $99,999 5 1 -80.00%
$100,000- $149,999 4 7 75.00%
$150,000- $199,999 22 26 18.18%
$200,000- $249,999 19 21 10.52%
$250,000- $299,999 28 35 25.00%
$300,000- $349,999 41 22 -46.34%
$350,000- $399,999 23 32 39.13%
$400,000- $449,999 30 34 13.33%
$450,000- $499,999 32 37 15.62%
$500,000- $549,999 15 27 80.00%
$550,000- $599,999 15 20 33.33%
$600,000- $699,999 12 37 208.33%
$700,000- $799,999 20 21 5.00%
$800,000- $899,999 22 26 18.18%
$900,000- $999,999 19 27 42.10%
$1,000,000-$1,499,000 47 59 25.53%
$1,500,000-$1,999,999 19 26 36.84%
2Million and Above 30 28 -6.66%
Total 403 489 20.59%

 

30A Real Estate Statistics

Real Estate Sales Along Scenic Hwy 30a continue to climb and inventories continue to decrease. We were at a 32 month inventory supply along Scenic 30a in January of 2011 and we are currently at a 12.5 month supply .We are slowly seeing the market trend upward and once again becoming a sellers market.  All of this combines to indicate that demand for property along 30A remains strong and nothing drives the market like demand. I have been very fortunate here on the beach throughout the market recession of the past 5 years to maintain a high level of sales. I look forward to the coming year as interest rates are expected to remain at record low’s.

 

 

Florida Real Estate News 2012

Florida Real Estate News
Florida’s housing market had higher pending sales, higher median prices and a reduced inventory of homes for sale in September, according to the latest housing data released by Florida Realtors®.

Most Realtors feel that Florida’s real estate market is no longer in recovery mode, but instead, stabilizing and gaining footing again. Realtors across the state are reporting consistent increases in home sales and median prices, and multiple offers from buyers isn’t unusual. In fact, increasing buyer demand in many local markets is creating inventory shortages – and that’s putting pressure on prices. For sellers who may have been reluctant to enter the market, it’s now time to reconsider. Conditions are once again slowly turning to a sellers’ market which means it is time to buy in Florida.

Statewide closed sales of existing single-family homes totaled 15,643 in September, up 2 percent compared to the year-ago figure, according to data from Florida Realtors Industry Data and Analysis department and vendor partner 10K Research and Marketing. Closed sales typically occur 30 to 90 days after sales contracts are written.

Meanwhile, pending sales – contracts that are signed by not yet completed or closed – of existing single-family homes last month rose 40.1 percent over the previous September. The statewide median sales price for single-family existing homes in September was $145,000, up 7.4 percent from a year ago.

According to the National Association of Realtors® (NAR), the national median sales price for existing single-family homes in August 2012 was $188,700, up 10.2 percent from the previous year.

The median is the midpoint; half the homes sold for more, half for less. Housing industry analysts note that sales of foreclosures and other distressed properties continue to downwardly distort the median price because they generally sell at a discount relative to traditional homes.

Looking at Florida’s year-to-year comparison for sales of townhomes-condos, a total of 7,329 units sold statewide last month, down slightly (-2.9 percent) from those sold in September 2011. Meanwhile, pending sales for townhome-condos in September increased 30.6 percent compared to the year-ago figure. The statewide median for townhome-condo properties was $105,736, up 18.8 percent over the previous year. NAR reported that the national median existing condo price in August 2012 was $176,700.

Last month, the inventory for single-family homes stood at a 5.2-months’ supply; inventory for townhome-condo properties was also at a 5.2-months’ supply, according to Florida Realtors. Industry analysts note that a 5.5-months’ supply symbolically represents a market balanced between buyers and sellers.

Please contact us for further information

Karen Holder

Broker Associate

850.687.1064

kholder@thebeachgroup.com

South Walton and all Florida Voters – Vote Yes on Amendment 4 – What this means to Florida Real Estate

Amendment 4 will be on Florida’s ballot in November.  The amendment will lower property taxes for new homebuyers and give a boost to the housing market offering a healthy new exemption for first-time homebuyers.  The proposal will also help protect working families, small businesses and homeowners from unfair and unexpected tax increases by helping to stop “recapture”, a tax that increases property taxes even when property values decline.  Lastly, the amendment will lower assessment increases on non-homestead properties from a burdensome 10 percent to a more reasonable 5 percent.

So in a nutshell – 

  • Amendment 4 creates additional homestead exemption for first time buyers for 5 years.
  • Amendment 4 protects Floridians from increased property taxes when their property values have declined.
  • Amendment 4 lowers the max yearly assessment increase on non-homestead properties from 10% to 5%
  • The additional homestead exemption created by Amendment 4 is equal to half of the home’s value, up to the median home value in the county.

The new homestead exemption in Amendment 4 is applied to your current homestead exemption so it will not replace the exemption in current law.  It will not affect the current budgets of local governments because it is not retroactive.

For more information visit www.taxyourassetsoff.com

 

Hurricane Isaac

Fortunately for us here along Scenic Hwy 30A we dodged a bullet with Hurricane Isaac.. The impacts were felt mainly on our beaches with some substantial erosion in some areas.. We continue to have windy conditions but no rain to speak of during the storm. Hopefully the local beach communities will be able to clean their beach areas and still have a successful Labor Day weekend.. Labor Day is the last big Weekend for the local businesses until the Holiday season and True close to the Summer Season.. if you have plans and reservations Come On Over we are ready!!