WaterColor Real Estate Update

by Murray Balkcom
Luxury Broker | Realtor

WaterColor, FL is filled with activity. WaterColor now has 706 detached homes completed with another 71 homes currently under construction. There are 106 multi-family homes completed in WaterColor. 20140218_090113

View Homes for Sale in WaterColor

In January 2014, there were 8 sales in WaterColor with an average price of $913,498, totaling $7.3 million. On average, the sales price was 95.68% of listing price. How does that compare to January of 2013? There were only 3 reported sales in WaterColor in January 2013, up 166%. Dollar volume sold was up 77.24%, from $4,123,000 in Jan 2013. IMG_0292

126 Ryan St. in Summer’s Edge

126 Ryan St, NSummer’s Edge is a relatively new beach neighborhood located on the south side of 30A in the Seagrove area of South Walton. Walk to the beach from this large Florida Cottage, or enjoy swimming at one of two private community pools, one which is heated seasonally. This four bedroom home also has a bonus room in the third floor tower, complete with sink, mini-fridge, counters and cabinets. Room for extra guests for overnight stays with the guest bed and trundle bed, and large, open deck to enjoy the views or sunbathing. Built in 2005, this home offers granite counters, custom cabinets, stainless steel KitchenAid dishwasher, flat-top stove/oven, microwave and side-by-side refrigerator with in-door ice machine. The home is being sold furnished, rental ready. Solid Oak flooring, flat screen TVs, ten-foot ceilings with crown molding, two owner’s closets, large walk in closets, auto irrigation system to help maintain the low-maintenance natural landscaping of Oak Trees, Magnolias, Sand Pines, Saw Palmettos and Wax Myrtles. Enjoy grilling on the side open deck. Underground utilities help keep the views very appealing and the metal hip roof adds discounts to your insurance. Please contact Murray to make an appointment to see this large Florida cottage today.

(See Full Listing)

Never, Never, Never Give Up!

by Murray Balkcom, Broker

We all have heard it before, “Never, never, never give up!”  (Winston Churchill) Watching the BCS Championship game between Auburn University and Florida State University last night, both teams showed that they have been coached with this same philosophy. Auburn scored to take the lead with only one minute, eleven seconds left on the game clock. Excitement ran through the veins of Auburn fans. However, 1:11 left on the clock may as well be 15 minutes for the team with the Heisman winner leading FSU from the quarterback position. FSU drove the entire length of the field and scored the last touchdown to end the game victorious. From this UGA DAWG, congratulations to both Auburn and FSU for playing every play with vigor until the end of the game. Both teams earned their place in the championship game. Never, never, never give up!  (Go DAWGS!)

WaterColor Inn & Resort Hits Conde Nast Traveler Gold List 2014

WaterColor Inn & Resort has made recently Condé Nast Traveler’s Gold List 2014 with a 92.4 Reader’s Choice overall rating. When you look at the score breakdown, you will see location and activities categories topping the score cards. With a centralized location along the white sandy beaches of 30A, it is not surprising to find WaterColor with such a high score for resorts in Florida.

WaterColor Inn & Resort has made Conde Nast Traveler’s Gold List for the last five years, putting it in the Platinum Circle.

Find homes for sale in WaterColor.

2013 Most Expensive Home Sale in South Walton (30A) and Destin, FL

The most expensive home sold in South Walton and Destin in 2013, according to Emerald Coast Association of Realtors (ECAR), was 24 Sea Venture Alley, located in the beach neighborhood of Alys Beach. The home sold for $8,500,000 by The Premier Property Group. The home is the most expensive home sold in the last five years according to ECAR reports, and it appears to be the third most expensive sold in the Destin | South Walton area for all time.

To see the Top 10 list of homes sold in Destin and the Top 10 list of homes sold on 30A | South Walton, please subscribe to my 30A | South Walton Real Estate Newsletter.

Homes for sale in Alys Beach

400% Better Than Average

400% Better Than Average

The Premier Property Group has outpaced the average brokerage’s growth by more than 400% in November 2013, compared to Nov 2012

by Murray Balkcom, Broker | RealtorThe Premier Property Group

Often, we Realtors are asked, “What’s the real estate market doing?”

It would be easy to say the market is up or down, but it really depends on several factors, such as price range and property location, but the answer may also vary based on WHO you talk to. According to statistics produced by ECAR (Emerald Coast Association of Realtors), in the areas of Destin and South Walton, Realtors in ECAR on average, increased their sold dollar volume in November 2013 by 13%, compared to November 2012. 13% is a good strong number and we are definitely seeing more sales at higher prices. So, for some brokerages, you might hear that the market is up 13% compared to last November. Yay!

The Premier Property Group Sales Growth ChartHowever, I have a much different answer to share with you regarding what the market doing. For November 2013, sales for The Premier Property Group increased 66% over November 2013. We have outpaced the average brokerage’s growth by more than 400% in November, and Continue reading

30A | South Walton November 2013 Home Sales Set Record Highs

November Home Sales in South Walton |30A Set Record Highs

by Murray Balkcom, The Premier Property Group

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While November weather seems to slow down the pace at the beach on 30A and South Walton, this year, we find real estate sales in November setting record highs. According to Emerald Coast Association of Realtors, 107 home sales were recorded in November (2013) in South Walton. This represents a 16% growth over Nov 2013, which was our previous record quantity of sales. How does that compare to the run of the market in 2004? Nov 2013 home sales represents a 40.7% increase in quantity of homes sold back in Nov 2004. We continue to see steady growth in November home sales in South Walton since 2006. The chart above demonstrates that growth.

When we look at historic dollar volume sold for the month of November (see chart below), we see another record set for highest dollar Continue reading