Sales Stats June 17 to July 19, 2008

It's no surprise that the 30-A area is posting higher sales than the "off the beach" areas. In our current buyer's market, there are great deals along the beach! Smart buyers are jumping back into the market now in hopes of enjoying greater appreciation when the market turns around.


This graph represents a 32 day period:

• The average sales price of homes in 30-A East (includes Watercolor, Seaside, Watersound, Alys Beach and Rosemary Beach) during this period was $1,150,458.
  
• The average sales price of homes in 30-A West was $702,000.
  
• N. Santa Rosa Beach saw the average sales price of homes at $187,185.

The graph above breaks sales down by major development. Note that all of these developments are in area 30-A East.

From June 17 to July 19, 2008 the average sales prices were as follows:

• Watercolor - $1,440,000


• Seaside - $0


• Watersound - $1,750,000


• Alys Beach - $2,100,000


• Rosemary Beach - $1,667,000

Prices are fantastic for buyers right now. Can you get a house with gulf views for under $1,000,000? YES! Call or email to see what you can get for your money right now: 877-231-9888; miriam@graytoncoastproperties.com

International Airport Update

This information (including pictures) came from the Project Manager of the Panama City Beach International Airport:

The entire 1300+ acres of the airport development site have been cleared and grubbed. This means all trees, roots, and vegetation have been removed.

The main access road has been brought to its final elevation, compacted, sub-base installed, curbed, and is ready for paving in early July.

The building pads for the Terminal, Terminal apron, and main parking lot have been finalized.

The building pad and parking area for the rental car facility has been finalized.

The primary runway taxiway is in the process of being graded and stormwater ditches are being installed.

The primary runway is being graded and brought to its final elevation.

Stormwater ponds and conveyance systems have been installed and erosion control applied in all of these areas.

The earthwork portion of this phase should be completed by November 2008, a full 3 months ahead of schedule.

We should start the paving of the runways before October of this year.

The design for the terminal, public safety building, control tower, air cargo, and maintenance buildings has been completed and bids will be solicited in early July.

The project is well underway and a substantial amount of work has been completed in the last five and a half months. The attached aerial pictures taken earlier this month might give you a full appreciation of the size of the effort and progress.

Grayton 4th of July Parade - A Success!

The Grayton Beach parade was a great success! Lots of familiar faces and it was a great time to reconnect with old friends. Little Miss 4th of Julys were in abundance and red, white and blue were definitely the colors of the day. All enjoyed lemonade, watermelon and popsicles. We even had a kiddy pool for the dogs to drink out of. Several people enjoyed meeting the authentic Grayton Beach kittens that are residing on our back porch while awaiting wonderful, welcoming homes - in fact 2 little beauties were adopted! If you would like to be the proud family to a Grayton kitty, let us know! UPDATE: All Grayton Kitties have new homes!

July 4th Parade at Grayton Beach

Don't miss the annual Grayton Beach Parade!

It is uniquely Grayton. Friday, July 4th 8:00am. If you are decorating a car, boat, bike-meet in front of the Red Bar. If you are a spectator, find a place to sit in the shade and catch candy! Parade route goes through Old Grayton and New Grayton ending at our office-Grayton Coast Properties on Defuniak Street-for watermelon and lemonade. Be there or be square!

Sales Summaries

This post will include sales from the beginning of the year. From this point forward we will update sales on Mondays and the information will just be for the week. The graph below represents year to date sales:

You will see that the majority of sales have occured in the 30-A East area. This includes Watercolor, Seaside, Watersound, Rosemary Beach, Alys Beach, Seagrove, Seacrest and Inlet Beach. The 30-A West spans the western beginning of 30-A to Grayton Beach.

The graph below represents year to date sales in Watercolor, Watersound, Seaside, Alys Beach and Rosemary Beach:

The average price of the the sold homes were:

Watercolor: $1.3 million

Seaside: $1.6 million

Watersound: $1.1 million

Alys Beach: $2.9 million

Rosemary: $1.6 million

If you would like more detailed information, please let me know!

Another GCP First!

Kitty and I have joined the world of real estate blogging. Our intent is to quickly be able to give you updates on all things in the area that affect our real estate market - and we may just ramble on about other things too!

Nothing affects our market more than weather - and we have had lots and lots of beautiful weather. Skim boarding at Grayton is a favorite pass time! Stay tuned - for all you stat groupies - tomorrow will bring current sales stats.