We are beginning to see some of the weekly activities and events that we have all come to love during the summer season - sand castle building, movies in the amphitheatre, live music in the parks. We are also seeing announcements about larger annual events. Below is a list of annual events.

EMERALD COAST BLUE MARLIN CLASSIC JUNE 17 TO JUNE 21
RED, WHITE & BAYTOWN JULY 4
SAN DESTIN 4TH OF JULY BBQ JULY 4
IWWF WORLD JUNIOR WATERSKI CHAMPIONSHIP  AUGUST 16 Below are links to weekly activities in different communities. 30A

SOUTH WALTON

BAYTOWN WHARF

DESTIN/FORT WALTON

NICEVILLE

It’s been roughly two months since the effects of  COVID-19 virus began in our area and our real estate market. In those two months, much has changed.  Stay-at-home orders have given way to the resumption of normal beach vacations.  Visiting restaurants, retail stores and even bowling alleys are now possible.  The real estate market has changed as well.  Thankfully, it is progressing as we anticipated back in March.  It’s great news for all of us who love the Emerald Coast.

Back in March when COVID was dramatically impacting the stock market and the level of real estate activity, we made the case this market slowdown was different than those in the past.  Real estate market fundamentals are and were stable, strong and more resilient.  Our opinion then

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With stay-at-home orders starting to gradually lift throughout parts of the country, data indicates homebuyers are jumping back into the market. After many families put their plans on hold due to the COVID-19 pandemic, what we once called the busy spring real estate season is shifting into the summer. In 2020, summer is the new spring for real estate.

Joel Kan, Economist at The Mortgage Bankers Association (MBA) notes:

“Applications for home purchases continue to recover from April’s sizable drop and have now increased for five consecutive weeks…Government purchase applications, which include FHA, VA, and USDA loans, are now 5 percent higher than a year ago, which is an encouraging turnaround after the weakness seen over the past two

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May 2020 Market Snapshot