On May 19, 2020, Florida Governor Ron DeSantis reinstated short-term vacation rentals for Walton Okaloosa, and Bay Counties. Per the Governor’s executive order, reservations for dates within the next 45 days may not be accepted for renters coming from COVID-19 hotspots which include Louisiana, Connecticut, New York, and New Jersey.
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The Premier Property Group continues to be the leader in luxury real estate on the Emerald Coast!
Keith Flippo’s recent sale of a gulf front home in Alys Beach closed at the community’s HIGHEST EVER SALE PRICE of $10,000,000. This sale sets new area records for Premier Property Group.
The Premier Property Group acted as the listing brokerage for four of the seven highest priced transactions ever in our area. As of today, no other brokerage has more than one.
24 Sea Venture Alley is a gulf-front home located adjacent to Turtle Bale Green and a few quick steps to one of Alys Beach’s beach walkovers. The 3-story, 4 bedroom, 4.5-bath home with additional
…Everyday, we learn something new about the impact of the COVID-19 virus on our economy and our daily lives. In previous newsletters, we discussed that despite the slowdown in real estate transactions, market fundamentals remain good. In addition, we put forth the opinion that the real estate market would rebound much like it did post 9/11. Even though our real estate market is still impacted by the virus due to the prohibition of vacation rentals, which reduces the number of real estate showings, we are starting to see some improvement in the market.
The graph below compares the number of contracts signed per day during 2019 and 2020. Contract signings, also known as pended contracts, were analyzed as it provides the most real-time indicator of
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The Florida Realtors association released a very helpful summary and explanation of the Task Force recommendations for Phase II regarding vacation rentals. At this point, we do not know when Phase II will begin. It is important to note that Governor DeSantis did not follow all of the Task Force's recommendations for Phase I. Gov. Ron DeSantis created a task force of business leaders and politicians and directed them to create a guide on how to safely reopen Florida to business and tourism. The task force submitted their report last week, and DeSantis used it, in part, when he announced Phase 1 of three phases to reopen the state. DeSantis does not have to follow the guidelines created by the task force and, for Phase 1, scaled back some of |
During the press conference on April 29, 2020, Governor DeSantis announced that the state of Florida will be re-opening in phases beginning Monday, May 4, 2020 (excluding southeast Florida).
PHASE ONE
