4th of July South Walton Real Estate Market Survery RESULTS!

July 10, 2009 By 1 Comment

Many thanks to everyone that took time out of their 4th of July celebration in Seaside to visit us and tell us what you think about the South Walton real estate market. We compiled the results and will be discussing them this morning on our Real Estate Round Up Radio Show on 30aradio.org on July 10, 2009 at 9am CST and in Seaside at 107.1FM. If you missed the show you can listen to the podcast here. We are doing the survey again to a much broader audience…so if you would like to participate please Click Here to take the REAL ESTATE ROUND UP: SOUTH WALTON MARKET SURVEY

38% of the people interviewed are Real Estate Round Up listeners! You guys are awesome!

75% Are home owners

12.5% Own a condo

12.5% are Renters

37.5% Are looking to buy with a 50/50 split between condo and home owners. Only 1 wanted to buy land

- Majority of the buyers were looking to purchase in a 12 month time frame. Only 1 wanted to buy immediately and that was a Realtor.

18% Are looking to SELL with even split between condo, home and land owners

-  Majority were looking to sell in the next 1-3 months

37.5% Think the market has hit bottom in South Walton Beach

62.5% Believe we still have not hit bottom in South Walton Beach

- 40% believe it will be in another 6 months

- 40% believe it will be in the next 12 months

- 20% have no idea…literally wrote “no idea”

62.5% Believe the TARP funds, stimulus package and new buyer tax credit is helping the housing recovery

37.5% believe that it is not helping

Thanks to everyone who participated and we will announce the winner of the iPod Shuffle Live on the Show!!!

If you have any questions on the South Walton survey results. Please give us a call at 850.25.1788 or 850.259.4270 or email  us info@teambaranowski.com.

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Tracy’s Top Luxury Home Pick June 19, 2009 Best Architecture 2009 Parade of Homes – Luxury Home in WaterColor

June 19, 2009 By Leave a Comment

Homes in WaterColor: Best Architecture – 432 Pine Needle Way by Archiscapes

My Best Architecture choice has to go to a beautiful home in WaterColor at 432 Pine Needle Way designed by Chris Stoyles of Archiscapes. This is a 3,935sf home that has Chris’ signature trademarks throughout. The tower offers unparalleled views of WaterColor, Seaside and miles of Scenic Hwy 30A. There are massive amounts of porches, the kitchen with the pass through counter opening up to the main living area is amazing. There is an outdoor dining room that is screened in, built in bunks upstairs, a poker room…and the sand room with the cool potting carts was an excellent touch. Archiscapes really out did themselves on this home and that is why they made my Top Luxury Home pick for this week.

If you are interested in this luxury home in WaterColor or would like to preview other luxury homes in WaterColor. Please give Tracy Baranowski a call at 850.259.4270 or Craig Baranowski at 850.259.1788 or email  us info@teambaranowski.com.

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Top Luxury Markets Stay Strong Amid Distressed Real Estate Market

May 28, 2009 By Leave a Comment

Luxury home markets that continue to stay strong and see steady price gains are areas that have predominately not seen a large increase in new development over the past five years. Here is a quick glimpse of the top five luxury home markets based upon price gain from 2008 and published by Forbes.

The top price gainers for the luxury market are:
1. Mendham, NJ +11.7%
2. Menlo Park, CA +11.6%
3. Los Angelas, CA (West Hollywood) +7.1%
4. Chappaqua, NY +6.5%
5. Los Angeles, CA (Hollywood Hills) + 5.1%

One important factor that are influencing price increases is the lack of distressed home sales in their specific luxury market. Three of the top areas on this list were in California’s Menlo Park, West Hollywood and Hollywood Hills areas. These luxury homes have primarily been unaffected by California’s wave of foreclosures. California is the number one state that has been hit hardest with distressed properties in the nation. Average home prices are down over 40% in California. However, the pockets of luxury home communities have remained strong.

Luxury homes in South Walton which include the areas of South Walton East and South Santa Rosa Beach encompass the beach communities of Seaside, Blue Mountain Beach, WaterSound, WaterColor, Rosemary Beach and Grayton Beach have declined close to 18% on a price per square foot basis.

Jan 1st 2008 thru May 31st 2008
62 Homes sold over $700,000
$1,272,000 Median Sales Price
$536 per square foot
Jan 1st 2009 thru May 29th 2008
39 Homes sold over $700,000 [38% drop in sales volume]
$1,200,000 Median Sales Price
$440 per square foot

Although the numbers in South Walton are down for luxury homes, we are seeing pockets of communities remaining strong including sales in WaterColor. As we continue to sell available inventory we are seeing prices stabalize and anticipate increased sales volume through the summer of 2009.

If you are considering buying or selling a luxury beach home, put the Team Baranowski advantage to work for you. If you have questions, our team is always available – 850.259.1788 or 850.259.4270.

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