Income Tax Tips

Income tax season is upon us, and it seems like every year there are more forms to figure out! But I ran across some tips that might be helpful to get you started with this year's return. So check out these links to max-out your home-related tax breaks. 

• Tax and Home Records Checklist - What to Keep and For How Long
• 9 Easy Mistakes Homeowners Make on Their Taxes
• Don't Miss These Home Tax Deductions
• Are Mortgage Points Tax Deductible?
• 5 Good Reasons to Amend Your Tax Return - and How

Spring Events on 30A

Spring is on its way, and you won't want to miss these great events coming up on 30A! Starting with the Wine Festival at Alys, to the St. Patrick's Day Festival at Gulf Place, to the Easter Egg Hunt at Rosemary, there's something for everyone. And don't forget the weekly events - the Alys Beach concerts, movies in the park at Watercolor, the Seaside and Rosemary Farmers Markets, and so much more. So grab your flip flops and come join the fun!

Get Your BEACH On and come visit the BEACHES of 30A!

Boy isn't that the truth!  NOW is the perfect time to come to the Beaches of 30A.  The crowds have thinned, the sun is shining, the Gulf is warm.  So come on down and get your beach on. 

Robin Morrow, The Premier Property Group 850-570-7290

What is fueling the 30A Real Estate Market?
 

A question that I get asked almost on a daily basis is “What is fueling the 30A market?”  In a nut shell it is supply and demand.  I’m sure you remember Economics 101, well it is at work here on 30A. 

Last year at this time there were 1,031 active listings and this year there are 505 active listings.  A decrease of 51%.  Buyers have half the properties to choose from this year!  Last year at this time there were 614 new listings and this year there are 245 new listings.  Buyers that are looking for that particular property are having to wait longer to find it. 

Last year at this time sales volume along 30A for condos, attached single family and detached single family was $451,037,444 and this year it is $499,954,000.  This is an increase of 11% with half the inventory from a year ago.  The average sales price has jumped from $740,620 to $786,091 for an increase of 6%. 

So what does all this mean?  If you are considering selling, now is a great time to list your property.  You have half the competition of a year ago.  If you are considering buying, there is no time like the present.  The average sales price is increasing and has been now since 2012.  Waiting will cost you money. 

I’m happy to discuss our market in more detail with you. You can reach me on my cell at 850-570-7290.  I answer my phone!  

Greetings from the beach.  

Robin

Beautiful Beaches on Scenic Hwy 30A

New Developments In and Around 30A

Greetings from the beach!  While I generally provide you with sales statistics on our market (which by the way is still continuing to trend upward) I decided to switch it up a bit and update you on some new real estate projects in our area. Nothing signals an improving and strengthening real estate market like new construction! Along 30A, Miramar Beach and Destin we have several new developments springing to life.

Prominence – owned by Emerald Homes this town is on the North and South sides of 30A nestled between Camp Creek and Seagrove. This project has both a residential component totaling 577 residences and a commercial component totaling 3 acres and 30,000 square feet.

Prominence is divided into four phases which includes row-style townhomes, single family residences and triplexes. Entry price point for the triplexes is the low $300s.

Chateau 30A - a 28 residence luxury condominium in Seagrove Beach directly on the north side of 30A developed by St. Joe. The units range in size from 1,800 to 1,960 square feet and are 3 bedrooms and 3 and a half baths. Preconstruction pricing starts at $499,000 and the design aesthetic is the Caribbean Islands.

Watersound Origins – a St. Joe community located north of 98 nestled along Lake Powell, one of Florida’s largest coastal dune lakes. This 1,400 acre development is influenced by maritime architecture of year’s past and set among the towering pines. Single family homes are available starting at $392,000 for a 3 bedroom 2 bath 1,750 square foot home built by Huff Home Designs. Golf, dining, kayaking and access to Watersound Beach Club are just a few of the amenities available.

Alerio – will be located on Old Highway 98 in Miramar Beach comprised of five four story buildings. The units are 2 and 3 bedrooms with an on-site check-in office for owners and guests. Located directly across the street from the beach. 2 bedrooms are 977 square feet and 3 bedrooms are 1,304. Pre-construction prices range from $219,000 to $339,000.

1900 Ninety Eight – Destin’s first Gulf front condominium developed in six years. The building will have fourteen 3 bedroom 3 bath units and two 2 level 4 bedroom 4 bath penthouses. Each exquisitely designed luxury unit features panoramic views of the Gulf of Mexico. Current pricing is from $1,300,000 to $2,995,000.

As you can see we have a lot going on around here! If you would like additional information on these projects or other real estate in our area please give me a call at 850-570-7290.

Home Buyers, Sellers and Dead Crickets....

I know, I know what in the world is she talking about.  Well I will tell you.  I was driving from 30-A into Destin the other day, stopped at a light and the pickup truck in front of me had a bumper sticker “Life is too short to fish with dead crickets”.  I’m not really a fisherman, so I thought what the heck does that mean? 

I decided that it meant if you are not serious don’t bother!  If you are going to be in the game, you need to be in it to win it.  So how does that translate to real estate and people buying and selling homes?  The real estate market is steadily improving, property values are increasing, inventory is down, days on market is decreasing and in some cases we are seeing multiple offers.  So…………….

If you are a Buyer:

·         Don’t waste time with a low ball offer (dead cricket)

·         Get pre-qualified for a mortgage (live cricket)

·         Be flexible about closing (live cricket)

·         Don’t base your offer price strictly on past sales (dead cricket) take a look at inventory currently on the market to see what the competition is.

If you are a Seller:   

·         Don’t Overprice your home and hope that the market catches up (dead cricket)

·         Catch Buyer’s attention by pricing your home in line with comparable sales – then let the market take it higher (live cricket)

·         Clean, declutter, brighten up the home, stage your home (live cricket)

·         Don’t worry about how the home photographs (dead cricket).  90% of Buyers look on the web first.  Like your mother told you, you only get one shot at a good impression.

 

So let’s go fishing with a live cricket and catch the perfect Buyer for you if you’re selling or Seller for you if you’re buying.  This is Robin Morrow and it’s another great day here on 30-A. 

Hello from the Beautiful Beaches of 30A!