Sunset On The Emerald Coast

IT IS TIME TO BUY ON THE EMERALD COAST

They say that timing is everything in sports, life, and most importantly in investing. Despite the negative news that everyone has heard about decreasing housing values, fallout from the sub-prime mortgage crises, and the tightening of mortgage lending, now is the best time to capitalize on some tangible investments deals.

The Florida panhandle is an area that has historically shown that home prices do bounces back from a negative market correction, and that real estate investments can be one of the soundest types of long term investments.It might be contrary to popular thinking that this is the best time to invest in Florida panhandle real estate, but the best deals are happening right now. Prices are at levels that that have not been seen in years, and they will not last for long.

Have you been looking for an alternative investment solution that has beautiful views, soothing breezes, and relaxing sounds of gulf? Are you looking for investment property that has no headaches, completely managed, built to weather the storm, and has an achievable income stream that makes this investment a winner?

This isn’t just an emotional investment; it’s a tangible, diversified investment that makes financial sense. Don’t just take our word for this, a leading syndicated penny pincher from Atlanta has said the same.

Contact Us Today For More Information at 800.643.7154.

Emerald Coast Seeing Spring in Spring Market

Signs of spring are everywhere along the Emerald Coast and one of the most welcome, at least for those who own short-term rental property, is the influx of visitors to the local area.Although the season only recently began, short-term condo rentals already appear to be bustling along the Emerald Coast.
April Springer, property manager for Abec Resorts Inc., estimated that reservations for the condo units she oversees are at about 75 percent. “And we get walk-ins, too,” she said.Darrel Jones, president and CEO of the Emerald Coast Convention and Visitor’s Center, forecasts a busy season ahead for short-term condo rentals, saying reservations for the summer months are already “going gangbusters.”
He theorized that despite rising gas prices and rumblings about the national economy, visitors continue to make room in their budgets to vacation along the Emerald Coast.
“No matter what, everyone needs a break,” he said. “And what better place to go to than here? We’ve got everything.” Sales of existing single-family homes in the local area appear to be relatively steady as well, as statewide statistics released by the Florida Association of Realtors (FAR) show that the local area significantly outperformed the state average in January, declining only by six percent, as compared to last year. In comparison, the state overall saw a decline of 28 percent.
Pending home sales in the local area were brisk in January, jumping to 327 and rising even higher in February to 417.“That’s the most pending sales we’ve had in a very long while,” said ECAR President Cliff Chaplin. “I’ve been talking with a lot of agents and many of them are busy signing contracts these days.”Although the recent FAR stats revealed relatively good news for the local area when it came to sales of existing residential homes, other areas in the state saw a drop in the numbers that were significantly higher than the state average.
For example, sales of existing single-family homes dropped 48 percent in the Miami area and 51 percent in Ocala.Other areas that reported relatively marked declines were Orlando at 36 percent, Daytona Beach at 35 percent, Jacksonville at 34 percent and Ft. Lauderdale at 33 percent.
Closer to home, sales of existing single-family homes dipped 35 percent in the Pensacola market. Panama City, however, saw a 1 percent increase, making it one of only four markets in the state to report a gain, along with Sarasota-Bradenton at 4 percent, Punta Gorda at 13 percent and Marco Island at 11 percent.
Sales of existing condo units across the state slipped an average of 30 percent in January, according to the FAR stats. Locally, sales of existing condo units eased off by 45 percent.Some of the areas hit hardest in the state included Lakeland-Winter Haven, which dipped by 78 percent and Orlando, sinking 63 percent.
Tallahassee and Jacksonville each experienced declines of 68 percent. This article was contributed to The Log by the Emerald Coast Association of Realtors.

ECAR sizes up February real estate market

ECAR sizes up February real estate market
March 28, 2008 - 4:02PM

The local real estate market continues to warm up along with the weather, according to statistics recently released by the Emerald Coast Association of Realtors (ECAR).

Total sales of single-family and attached dwellings in the local area were up by 26 percent, rising from 175 units sold in January to 221 in February, according to ECAR’s latest figures.
Sales of existing single-family homes were up by more than 12 percent and sales of existing condo units along the Emerald Coast soared by nearly 71 percent in February, as compared to January.

Pending sales along the Emerald Coast rose in February as well, up from 327 in January to 417.
Although residential sales were down in Destin, it wasn’t by much. The 8 percent decline is largely attributed to sales of single-family homes easing by almost 19 percent.

However, sales of existing condo units in the Destin area increased by nearly 33 percent in February as compared to January. This article was contributed to The Log by Emerald Coast Real Association of Realtors.

Why Choose Power Realty Resort Division?

Our objective is to help our client's realize their dreams
Apply a consultative approach to clearly understand what is important
Utilize a business perspective to evaluate the investment opportunity
Maintain an extensive network of properties and developers
Carefully research investment opportunities
Extensive relationships in the financial community
Measure our success in terms of our client's success
Value long term relationships

More About Power Realty Resort Division
Power Realty Partners is not your typical Real Estate Company. Whether you are buying a second home, a vacation or investment property or developing a commercial project, we have the talent and experience to advise you every step of the way. Contact us today to arrange for a personal consultation with one of our experienced agents and we'll develop a customized plan based on your objectives.

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