Thursday, February 21, 2008

St. Joe CEO Video from CNBC

I thought this was a good interview of Peter Rummell. He takes questions about the Florida Real Estate Market.

Wednesday, February 06, 2008

Thank you for 2007

I sent this out in early January. Please email me if you would like to be added to my monthly e-newletter.

I hope everyone enjoyed the Holiday Season and shares my excitement about 2008. The market was great for buyers with a huge selection at reduced prices. I’m preparing a thorough summary of the market in 2007 that I will send out on Monday.
I’d like to say “Thank you” to everyone that worked with me in 2007. I was helped by a number of people and can’t thank everyone enough for their assistance during the year. I have a great team of co-workers, closing agents, bankers, attorneys, appraisers, insurance agents, and problem solvers at Garlick Environmental that work very hard to provide great service and results.
It was a tough year for most Realtors and I was extremely fortunate to have a productive year. I had 21 closings in 2007 totaling just under $6,000,000. ($47,500, $59,000, $81,500, $81,500, $81,500, $81,500, $81,500, $81,500, $81,500, $81,500, $81,500, $81,500, $81,500, $83,000, $175,000, $375,000, $450,000, $651,000, $899,000, $1,060,000, and $1,200,000)(Not all on MLS) I’m very proud that only one other agent closed more deals in the Mexico Beach Area.
I’ve stayed honest and realistic with sellers and did not promise more than I thought I could deliver for them. I did not get nearly as many listings as my competitors, but a higher percentage of my listings closed in 2007 than any other agent. My strong commitment to finding new buyers allowed me to have the 2nd highest number of closings even though 30 Realtors have more listings than I do. My personal marketing along with Port St. Joe Realty’s marketing is as effective and thorough as anybody’s in the business. If you are serious about selling, please talk with me.
My fellow agents at Port St. Joe Realty have the most extensive knowledge of the market and it is a pleasure working with them. We have a lot of new, exciting ideas for 2008 and are already off to a good start with well over $4,000,000 already under contract. I look forward to improving and working with you in the future.
Thanks again and Happy New Year,

Zach Childs
Port St. Joe Realty

2007 Market Report: The Year of Educated Buyers and Price Reductions

I send out a monthly newletter. The property links in these emails only work for a few weeks. I sent this out on January 3rd. Please let me know if you would like to be added to my newsletter list.

The reductions were enough to make buyers act. The number of sales was up 67% from 86 sales in 2006 to 144 sales in 2007. Many buyers had been watching a particular property be steadily reduced since August of 2005 and they purchased at huge discounts in 2007. The biggest reductions were definitely seen on vacant lots. Lots that once sold for $2,000,000 were sold in the $600’s and lots that sold in the low $200’s went as low as $59,000. Windmark Beach lots have had to take the largest reductions. Residences did not have to reduce as much, but 30% to 40% reductions were not uncommon. It was a typical year with the Summer having the most sales; the exception was a large number of new condos that closed in February when they were completed.

What Sold?

Vacant Lots: 39 Sold, 189 are still on the market.
16 of the sales were for under $100,000
Only 7 sales were for over $200,000, all of which were located in Windmark Beach.
All Sold Lots:

Residences: 104 Sold, 318 are still on the market.
38 Single family homes sold from $120K, including 4 gulf front homes from $850K
Single Family Solds:
12 Mobile Homes:
45 New Condos: The majority of these had been under contract since as early as 2003.
Condos Closed in 2007:
Townhouses, other:

12 properties are under contract:

Other Areas
Cape San Blas:
20 Lots Sold:
35 Residences Sold:

St. George Island:
17 Lots Sold:
33 Residences sold:

Port St. Joe:
11 Lots Sold:
32 Residences sold:

20 Lots Sold:
30 Residences Sold:

11 Lots Sold:
22 Residences Sold:

PSJ Realty agents had over $15,000,000 in sales for 2007!

Take care,

Tuesday, February 05, 2008

10th Annual Gumbo Festival- Feb 16th

I plan to use the blog to let people know about the fun events in Mexico Beach. The Gumbo Festival is one of my favorites. It's a fun gathering in Mexico Beachd at Sunset Park. Sunset Park is right next to the El Governor.

There were 25 plus teams that made some of the best gumbo I've ever eaten last year. Hundreds of visitors enjoyed live music, great gumbo, and cold beer. This year should be better than ever.

This link will you to a page to see pictures from last years event:

Starting a Blog.......

Here we go. I've had a number of people ask me to start a blog about the real estate market. I will do my best and welcome all comments and suggestions.