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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
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…
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…
May 2020 Market Snapshot
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.
For more information, click here.
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.
- Highest Sales Price in Alys Beach.
- Two Highest Priced Sales in Alys Beach.
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…
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