Southwest Airline coming to the Panhandle on May 2010

The St. Joe Company and Southwest Airlines announced a strategic alliance providing for the commencement of air service to Northwest Florida’s new international airport near Panama City Beach, Florida in May 2010.

The Bay County Tourism Development Council, Coastal Vision 300 and the South Walton Tourism Development Council have been working together with local groups to promote the opening of the Northwest Florida International Airport in Panama City.

Southwest Airlines is bringing low fares and excellent service to the Emerald Coast just in time for the 2010 summer vacation season! Southwest’s entry into the Panama City market will make it more accessible and affordable for people in other states to enjoy sugar-white-sand beaches, incredibly gentle blue waters, and an amazing variety of visitor accommodations that Northwest Florida has to offer. You can start booking your tickets on December 2009, there will be eight flights a day to and from four cities with a daily capacity of 2000 passengers. They have not yet announced specific schedules or which cities will be serviced by direct flights.

Bill Owen – Lead Planner in the Schedule Planning Department for Southwest Airlines said “If you’ve never visited the Panama City area, believe me, you have an incredible treat in store. I’m already planning my family’s vacation there next summer.”

Check out www.atthebeachfl.com for pictures and things to do in the South Walton area and www.atthebeachdestin.com for theDestin area.

Panama City Airport Name Not Satisfactory

There is a great deal of people unhappy with the name of the new airport opening May 2010 in Bay County.

“Several members of the Bay County Commission and the Panama City Beach City Council, along with Mayor Gayle Oberst, have expressed disappointment with the new name for the Panama City airport.”

The members of the Airport Authority may or may not reconsider changing the new name. I hope they do since it will be very confusing to have two airport with the name so similar.

“Greg Donovan, Director of Northwest Florida Regional Airport in Okaloosa County, said he would like the Panama City airport officials to readdress their name.

We have worked over a year in branding. We think it’s poor choice for them to have a name that so closely affiliates with a brand we are doing.”

I will let you know more about this issue on my blog.

Check out our website AtTheBeachDestin.com for more real estate and condo news and AtTheBeachFL.com for real estate on 30A

Changes Coming in PMI Requirments?

Thumbs Up For the Real Estate Market!

Could Good News Be Coming For The Real Estate Market?

I was reading the Realty Times, a newsletter about real estate, and Kenneth R. Harney wrote something I found very interesting that may impact Destin Condo For Sale.

the private mortgage insurance industry, which virtually eliminated low-downpayment financing opportunities in many markets during the past year by declaring them “declining” or “distressed,” has begun reversing course.

Genworth Mortgage Insurance Company last week removed 63 of its 68 previous designations of “declining markets.” That should open up non-FHA cash-out refinancings and low-downpayment home purchase mortgages to thousands of people who’d been squeezed out under the old rules.

I have a couple of my banker friends looking into what, if any, impact this will have on Destin Condos For Sale and will post what I find out soon. For more information give us a call or text us at 850-217-7618.

You can also find out more about Watercolor Foreclosures and Watercolor Short Sales by going to the At The Beach Watercolor website and the At The Beach FL for information about South Walton County Condo Foreclosures and Short Sales. Also be on the lookout for At The Beach Panama City which should be up and running soon!

As Watercolor Prices Drop Sales Go Up!

Check Out This Watercolor Foreclosure - Click Here

Lower Prices = More Sales - Who knew?

Watercolor is a classic example of free market ecomomics at work - as prices come down demand goes up. Lets take a look at what has happened over the last (4) years:

2006: 33 Sales with an average sq.ft. price of $591
2007: 45 Sales with an average sq.ft. price of $510
2008: 61 Sales with an average sq.ft. price of $472
2009: 45 Sales with an average sq.ft. price of $396 *Through 9/2/2009 and does not include Watercolor Crossing

As you can see price per sq.ft. has dropped significantly and as expected the number of homes sold has increased as the pricess have decreased.

What to Expect As We Move Forward?

Well there are 108 Watercolor Homes For Sale and only 34 of them are priced at or below the 2008 Average Price Per Home Sold of $1,276,082 which tells me that the price drop is starting to slow down and could be very near a bottom. Then take a look at the number of Watercolor Foreclosures and Short Sales and you will find that there is only (1)foreclosure and (5)short sales out of the 108 active Watercolor Homes For Sale. That is not a very large number and should not affect prices going forward too much. So as I look at the market I would say that if you are considering buying Watercolor Real Estate in the next 12-18 months you should take a very strong look right now before the inventory of "affordable" priced homes declines further and the interest rate (which is realatively low now) starts to climb further eroding your purchasing power.

Besides if you are going to buy at the beach you might as well buy as soon as possible so you can begin enjoying the At The Beach Lifestyle!

For more information about Watercolor Real Estate including Watercolor Foreclosures and Short Sales check out www.AtTheBeachFL.com

Panama City Bay County International Airport

Panama City Bay County International Airport has been under construction since January 2008. This is the first airport built in the United States since 9/11. Northwest Florida is expecting the grand opening in late May 2010!

Airport authorities are brain storming for airport names and will decide on a name on September 22nd, when they meet again. They are asking members of the public for suggestions, email newpfn@gmail.com to present your ideas to the Board members.

The Panama City – Bay County International Airport Authority is going to have some of the latest equipment in security technology called The Checked Baggage Inspection System. This equipment is designed to enhance screening capabilities and airport safety and also facilitate customer service.

For more information about the new airport and the new baggage screening equipment go to http://newpcairport.com/

The Name Changes, But The Same Great Service Remains

Name Change For The Moran Team

In a move to carry the business forward Keller Williams Realty’s The Moran Team has changed it name to Keller Williams Realty’s AT THE BEACH TEAM. The change reflects the company’s philosophy away from a singular focus on John and Kris Moran to the benefits of working with a team of highly qualified realtors and support staff.

Where We Are

The Moran Team, headed up by John & Kris Moran, has built a very successful business over that past five years and is now recognized as one of the top ranking real estate teams in the area. According to recent Emerald Coast Association of Realtors statistics The Moran Team sells more condos than all but a handful of agents, has a higher list to sales price ratio than average and sells their listings 3 times faster than average. The current Average Days On Market for the board is 238 days while The Moran Team’s is only 71!

Where We Are Going

We have worked very hard to develop the skills required to succeed in a very challenging market and have developed systems that will allow us to continue grow well into the future. We are now beginning a phase of growth where we are adding realtors to service new areas for us. The first agent to join the AT THE BEACH TEAM is John Skinner who will be servicing the Panama City Beach market. You can learn more about him on the about section of the Panama City Beach Real Estate News website.

Where You Can Find Us

Some of the other areas Keller Williams Realty’s AT THE BEACH TEAM covers is Destin Real Estate, Kelly Plantation Homes For Sale, Regatta Bay Homes For Sale, Sandestin Real Estate, Grayton Beach Real Estate, Watercolor Real Estate, Seaside Real Estate, Watersound Real Estate, Rosemary Beach Real Estate, Seacrest Beach Real Estate and Rosemary Beach Real Estate.

Watercolor Real Estate Quarterly Report - Houses

Currenly On The Market: Watercolor Home Foreclosure - Check It Out

Watercolor Real Estate - Houses Quartely Review: Q1: 2009

This report provides information about Watercolor Real Estate with regard to House activity durring the first quarter of 2009. We will examine what has sold and what is for sale.

Watercolor Home Sold Q1:2009

I can tell you that the market for Watercolor Homes has been relatively strong in the first quarter of 2009. There have been 14 Watercolor Homes Sold ranging in price from $424,000 to $2,000,000. Lets take a closer look at how the numbers break out.

Total Number of Watercolor Homes Sold Q1/2009: 14
Highest Priced Watercolor Home Sold: $2,000,000
Lowest Priced Watercolor Home Sold: $424,000
Average Price for a Watercolor Home Sold: $967,705
Average Price Per Sq.Ft. for a Watercolor Home Sold: $349
Average Days On Market for a Watercolor Home Sold: 228
Number of Watercolor Homes Sold As Foreclosures or Short Sales: 3


Check out this Watercolor Beauty - See Details Here

Watercolor Homes For Sale (4/25/2009)

Looking at the Watercolor Homes For Sale I can tell you that there is still a lot of property on the market right now and if sellers want to move their properties they are going to need to be aggressive. I say this because there are (114) Watercolor Home currently for sale ranging in price from $689,000 to as much as $4,600,000. Granted there were (14) Watercolor Homes Sold in the first quarter the laws of supply and demand still lean heavily toward buyers. Let take a closer look at the Watercolor Homes For Sale Market.

Total Number of Watercolor Homes For Sale: 114
Highest Priced Watercolor Home For Sale: $4,600,000
Lowest Priced Watercolor Home For Sale: $689,000
Average Price for a Watercolor Homes For Sale: $1,732,725
Average Price Per Sq.Ft. for a Watercolor Home For Sale: $579
Average Days On Market for a Watercolor Home For Sale: 273
Number of Watercolor Homes Listed as Foreclosures or Short Sales: 11

Click on the link to search all Watercolor Homes For Sale or to search All Watercolor Foreclosures and Short Sales or to Sign Up for Watercolor Foreclosure and Short Sale Alerts which will send you an email every time a Watercolor property comes on the market as a short sale or foreclosure.