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October 11, 2007
Beach Restoration Update
It’s October and we should be getting underway with our beach renourishment program but some meddlers from Destin have filed a suit against FDEP preventing them from issuing our permits, so we have to wait to see what the judge will say. We were scheduled to have the hearing in ...
October 6, 2007
Week in Review – Sept. 30 – Oct. 5, 2007
I can’t believe it’s Saturday again already – this week flew by – but it is, and each Saturday I take a look at what went on in the Cape San Blas real estate market. We’re seeing yet another slight reduction in inventory this week, coming in at 539, five ...
October 4, 2007
Remembering Opal
Hard to believe it’s been 12 years since Hurricane Opal passed through our area but it arrived mid-morning on October 4, 1995. Although the eye came ashore in the Fort Walton Beach as a category 3 storm with winds of 115 mph and gusts to 140, we were close enough ...
October 2, 2007
Cape San Blas September 2007 Market Wrap Up
There were 3 sales in the Cape San Blas market during September: 2 homes, including a townhouse at Sea Cliffs and a townhome at Barrier Dunes, and 1 lot located at the other end of the Cape in Boardwalk. An encouraging sign is that contracts are being written, as at ...
October 1, 2007
Volunteer Firefighters Save the Day . . . and A Lot of Homes
I can’t say enough good things about our volunteer firefighters. They are just incredible. On Sunday they came to the rescue once again when high winds whipped a fierce fire down the beach from the Dunes Club west all the way to Jubilation, scorching about 12 acres of land in ...
September 29, 2007
Week In Review – Sept. 23 – 29, 2007
It’s Saturday and time once again to see what’s been going on in the Cape San Blas real estate market this week. Good news! We have two Solds this week. One was a lot in Boardwalk, and the other a townhouse in Barrier Dunes. That’s the good news. Now let’s ...
September 27, 2007
Can LLC’s Do 1031 Exchanges?
That was the question put to me this week, so I put the question to my “go to gurus” on such matters, The 1031 Exchange Experts, and this is what I found out. If you are a “taxpayer,” you are eligible for a 1031 exchange. This includes individuals, LLCs, partnerships, ...
September 22, 2007
Week In Review – Sept. 15 – 22, 2007
Time once again to take a look at the past week’s local real estate activity for Cape San Blas, the C-30 corridor, and Indian Pass. Very little change in the inventory this week with a total of 540 active listings, down 4 from last week, with 198 residential units and ...
September 20, 2007
An Encouraging Sign
All right – something we haven’t seen in a long time – since January 2006, to be exact – is our inventory of homes for sale dropping below the 200 mark. In our week in review last Saturday there were 197 homes listed in the Cape market, which includes the ...
September 18, 2007
Fed Drops Rate to 4.75%
The big news today, of course, is the Fed deciding to cut both the fed funds rate and discount rate by 50 basis points to 4.75% and 5.25%, respectively. By mid-afternoon the stock market is soaring, and it will be interesting to watch what impact this may have on our ...
September 15, 2007
Week In Review – Sept. 8 – 14, 2007
Each Saturday I take a look at the past week’s local real estate activity for Cape San Blas, the C-30 corridor, and Indian Pass. This week the inventory remains large even though it is down 2% from last week with a total of 544 active listings: 197 residential units (36%) ...
September 12, 2007
Building Boom or Bust?
As I was driving to an appointment on the Cape this afternoon, I was struck by the number of houses under construction along the way, and began to wonder if perhaps this is a sign that things might be picking up a bit. I really hope it was because we ...