First, look at the Year-Over-Year Spreadsheet at the bottom. Notice the mean and median sale prices? Does ANYONE really believe that condominium values on 30-A have increased 39% to 44%. YOY YTD? Yet that’s exactly what has happened and the data sample is large. Meaning if someone who is financially motivated were to submit this ...
Read more
In real estate theory, values cannot be decreasing when supply and demand are in balance and homes are selling in less than 90 days. Yet that is exactly what is happening in Niceville. For quantitative proof based on data extracted from the market, see the three charts below: But how is this possible? Would you ...
Read more
Executive Presence by author Sylvia Ann Hewett is a book I just finished. I recommend it. She discusses gravitas and what it means. Gravitas is dignity; solemnity; seriousness. Six Traits of Gravitas: Confidence and Grace Under Fire Decisiveness & Showing Teeth Integrity & Speaking Truth in Power Emotional Intelligence Reputation and Pedigree Vision & Charisma ...
Read more
The word guttersnipe has multiple definitions. Including a homeless vagabond. An outcast. Indirectly, real estate investors, buyers and sellers occasionally become guttersnipes. Naturally, and logically, not by choice. Not exactly sure what the “snipe” part means. The first known date of use for the word guttersnipe is 1869. Cool word. Great for blogging. Avoid being ...
Read more
More specifically, gulf front condominiums. Including units on the gulf and pass. YTD Average Sale Price: +20% YTD Median Sale Price: +13% Please click graph to enlarge. Is there really anyone reading this that truly believes these rates of increase are reliable, meaningful and sustainable? Yes. There are two groups who believe these numbers. Realtors. ...
Read more
Values are stabilizing and/or declining in uniform areas. By example, Fort Walton Beach, Niceville and Crestview; Inventory continues to increase There are only 45 days left in tourist season List prices are too high Buyers are resisting ridiculously high list prices With all the new construction, competition is fierce Builders have fewer vacant specs and ...
Read more