July highlights

Dare I say it? The market has picked up. Realtors are busier and offers are coming in. Good news, even better when the backlog has caught up. Still, positive signs are welcome & our market, if not increasing in value, does seem to be stabilizing in inventory. More data will be coming in the next week when monthly housing stats are released.

If you haven't visited here yet, you just missed a great two weeks on our beautiful emerald coast. Between the Blue Angels show and the myriad of fireworks displays, business was brisk and tourism on our white beaches is up, up, up. Can't complain about our visitors when they bring welcome, smiling faces and open pocketbooks to our shores! Investor properties have been full and the hotel rooms scarce.

Just catchin' up,

gchmama

Beautiful July Issue

Open publication - Free publishing - More homes for sale

Before it's too late

If you wonder why people are concerned about drilling so close to our white, gorgeous beaches, read this article "Hello Drilling Goodbye Paradise"

We only have limited resources in this world. If we keep this up, there won't be a final Judgment Day, we will destroy ourselves with no help from a deity.

Frustrated and concerned,
gchmama

May Local Housing Stats

media.living.net released the May statistics from the Florida Association of Realtors and things are both up and down, which is our "normal" right now. National trends are still showing sales up, pricing down. It seems things are slowly stabilizing but, again, only time will tell. Here's the data:

Ft. Walton Beach/Destin area: We started the year with 118 single family home sales, May comes in at 236. One year ago, sales were at 222. Median price for May 2009 is $197,600, a 14% drop from last May. Condo sales have gone from 25 in January to 82 as compared to 86 one year ago this month. Again, prices from May '08 to May '09 dropped 37%.

Pensacola area: January began with 162 units sold, we are now sitting at 300 family housing units sold. Prices are sitting at $151,400, down about 10% from May last year. Condo sales were at 11 in January and are now at 45 units. Surprisingly, this month as compared to last year at this time, the prices are up 16%.

Moral of the story...things are changing, prices are astonishing in some areas, but signs of further stabilization will hopefully continue throughout our area.

gchmama

First Time Homebuyers Video by FAR

REALTOR® Magazine-Daily News-HUD: Tax Credit Can Be Used on Closing Costs

REALTOR® Magazine-Daily News-HUD: Tax Credit Can Be Used on Closing Costs

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The 2009 First-Time Home Buyer Tax Credit: The Basics for REALTORS, Homebuyers, and Home owners from the National Association of REALTORS.

The 2009 First-Time Home Buyer Tax Credit: The Basics for REALTORS, Homebuyers, and Home owners from the National Association of REALTORS.

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