30A Market Summary and Analysis for 2009

What a crazy year 2009 was for Real Estate! It is already January 8th and I have almost long forgotten 2009. The good news is that across the nation and locally the lag in home sale transactions is over and the rate of price declines has slowed. The bad news is that we continue to see a large number of distressed property transactions such as foreclosures and short sales dominating the South Walton Real Estate market.

Short sale and foreclosures will be a significant part of transactions for 2010 especially for Condos, Residential Land and Commercial Real Estate. These three market segments have been lagging on recovery compared to Single Family Residential Homes. Panama City Beach Condos Market Analysis for 2009

30A and Emerald Coast Market Summary and Analysis for 2009 pdf version

30A Combined Residential [Single Family Homes, Condos and Town homes] had a 17% decrease in new listings and a 40% increase in transactions in 2009 from 2008. One of the biggest indicators to watch for in 2010 is the massive 300% increase in short sale and foreclosure transactions. This number will continue to grow in 2010.

WaterColor had a strong year of sales in 2009 with 31% increase in home sales compared to 2008 and a 750% increase in foreclosure and short sale transactions. WaterColor will continue to be a strong resale community and will have a large number of distressed residential lot sales in 2010. Click here to look at WaterColor Real Estate for Sale.

Single Family Home sales in the Emerald Coast MLS saw strong gains of a 23% increase in transaction volume and a 14% decrease in new listings from 2008. The great news is that inventory on hand went from 23 months in 2008 to 17 months in 2009 which is a 26% decrease from 2008. Currently we have 3,900 single family homes active in the MLS and had 3,890 homes sold for 2009. If we continue to see a slow down in new listings, inventory will continue to deplete as predicted and get into a manageable 12 month on hand of inventory. Distressed inventory including short sales and foreclosures for single family homes will continue to be a major influence on the overall market.

2010 should see significant changes in Residential Land. We are beginning see major price reductions many areas such as Forest Lakes, Grande Point, Draper Lake, and WaterColor as examples where attractively priced lots are being snatched up. This reduction in lot prices has been spurring on a flurry of lot sales and we will see an increase in new construction in 2010 and 2011 as inventory for single family homes dries up and lot prices continue to fall.

2010 will have a significant increase in Lis Pendens and foreclosures as unemployment continues to rise and the Obama Making Home Affordable Programs run their course. Many lenders had put moratoriums on foreclosures in 2009 while analyzing which home owners could participate in the bail out programs. As lenders work through the volumes of mortgages in default we will see an increase in foreclosures and bank owned property.

Tracy’s Top Luxury Home Pick June 26, 2009 – Alys Beach Beach Side Lots

We had great feedback after our first week of Top Luxury Picks. Every week I pick my favorite luxury home or property that meets my strict criteria to be worthy of making my Top Luxury List. It will either be an excellent buy or the best of the best or a rare gem that only few know about. This week I have selected Alys Beach’s Beach Front Lot Release. Alys Beach defines luxury Northwest Florida and oozes the ultimate luxury in everything they do. This is probably one of the easiest luxury picks I will have to make.

Alys Beach is a highly acclaimed New Urbanist community on Scenic 30A and has been recognized world wide for their environmentally focused building practices, unique architecture, and fortified building standards to withstand hurricanes. Recently a home in Alys Beach was awarded the “Best Outdoor Space” Award by Southern Living in their June 2009 Issue. Also, their Caliza Pool was featured in Southern Accents June edition as one of seven POSH Pools which included a prestigious list of the most dramatic swimming pools from South Beach to The Biltmore Hotel to the Four Season Resort! Alys Beach released their much anticipated beachfront lots, releasing approximately 17 lots and only 3 of the much sought after gulf front lots. One of Alys Beach’s gulf front lots has already sold and 5 of the other beachfront lots have already gone under contract. If you have been waiting to get in on this majestic community, now is the time to do it as there are still excellent opportunities to own property in this exciting new area of Alys Beach. Each and every lot has been carefully planned to offer awe inspiring views of the Gulf of Mexico. For more information you can view the Alys Beach Beach Front Master Plan below in addition to viewing all available lots in Alys Beach.

Click here to view the pdf of the Alys Beach – Beachfront Master Plan

Click here to view all available lots in Alys Beach

It is a true pleasure to live on 30A and be able to experience Alys Beach as part of our daily life. Our kids frequently play on Alys Beach’s playground and run on the vast open space of their amphitheater. Alys Beach’s  plan and vision for their gulf front and beach side area is inspiring and will be a benchmark for all things luxury along the gulf coast. We greatly enjoyed taking these pictures of Aly Beach. You can see their vision of the beach side lots coming to fruition and how amazing their gulf views are. Enjoy!

Alys Beach Releases Beachfront Lots

In early June, Alys Beach released their much anticipated beachfront lots, releasing approximately 17 lots and only 3 of the much sought after gulf front lots. One of Alys Beach’s gulf front lots has already sold and 5 of the other beachfront lots have already gone under contract. If you have been waiting to get in on this majestic community, now is the time to do it as there are still excellent opportunities to own property in this exciting new area of Alys Beach. Each and every lot has been carefully planned to offer awe inspiring views of the Gulf of Mexico. I have attached the Alys Beach Beachfront Master Plan and details of the lot sizes, locations and view corridors.

Click here to view the pdf of the Alys Beach – Beachfront Master Plan

Click here to view all available lots in Alys Beach

Alys Beach is a highly acclaimed New Urbanist community on Scenic 30A. Recently a home in Alys Beach was awarded the “Best Outdoor Space” Award by Southern Living in their June 2009 Issue. To read more about the home in Southern Living you can click here.

Alys Beach’s Caliza Pool was recently featured in Southern Accents June edition. We have had many great meals and enjoyed the company of great friends and neighbors at events held at Caliza Pool. We can say without a doubt that this is the most exquisite pool in North West Florida. Caliza was featured as one of seven “Posh Pools” by Southern Accents magazine, a prestigious list which included the most dramatic swimming pools from South Beach to The Biltmore Hotel to the Four Seasons Resort and Club Dallas at Las Colinas.

For more information about Alys Beach, ownership opportunites there, or to schedule an appointment to view this amazing property, please call Tracy or Craig at 850-259-4270 or 850-259-1788 or email info@teambaranowski.com