It is hard to believe that January 2010 has come and gone with Spring in the horizon. We will be publishing our monthly South Walton Real Estate Review towards the end of the week to see how the Real Estate Market is kicking off for 2010. Rental demand is high, bookings are coming in early for Spring and Summer and rates are holding steady. All signs are showing that we should have a great year for Real Estate and begin the slow and tenuous path to recovery. So far the most popular words from potential buyers are…"if I had known it would sell for that price I would have bought it." If you are waiting on the sidelines before you purchase that special property you have been watching for over a year…you may miss the best buying opportunity of our generation. The best deals and the premium properties are going…going…gone!
There were some excellent luxury home sales in the first month of 2010 and here is a quick recap of the Top 3 Most Expensive Homes sold in South Walton Beach:
#1 – 111 Little Redfish Lane. This exquisite lake front property was our featured luxury home pick in August 2009. This one of a kind home on Little Redfish Lake was an extremely popular home but only one lucky buyer was smart enough to snatch up this gem. Premier luxury properties like 111 Little Redfish do not come along very often and once they are gone…they are gone. 4,287sf was listed at $3,200,000.
#2 – 49 Rosemary Avenue. Rosemary Beach had a very slow start in 2009 with almost non-existent homes sales for the first 6 months. Prices finally began to fall and properties were snatched up by savvy buyers. 49 Rosemary Avenue was a spectacular Tom Christ designed home with majestic gulf views. 4,250sf was listed at $2,300,000.
#3 – 270 Garfield Street. If you wanted an incredible Gulf Front Home in historic downtown Grayton Beach for a steal…it is too late…and if you wanted an incredibly rare gulf front lot in historic downtown next to the house…it is also too late, as the buyer bought both the house and the adjacent gulf front lot at the same time. 3,717sf listed for $2,495,000 and the lot was listed for $895,000. If you had been watching these two premier properties you definitely will be saying…."if I had known it would sell for that price I would have bought it."
There is never a better time to buy, with historic low prices and interest rates it does not get any better than this. Give Tracy Baranowski a call at 850.259.4270 or Craig Baranowski at 850.259.1788 or email us firstname.lastname@example.org and we can show you some the best deals in town!