Spring Along the Emerald Coast – 4th Annual Seaside School Half Marathon & 5K Run

race logoWe are so excited to welcome Spring to the Emerald Coast. The weather is warming up and just in time for our Spring Break visitors. The beautiful thing about living in Northwest Florida is that we have the ability to comfortably spend time outdoors all year around. In fact, many of our charitable fundraisers such as walk-a-thons and marathons are held during our winter months. Just last month, our Listing Specialist, Amanda Abbott, entered into the 4th Annual Seaside School Half Marathon & 5K Run the weekend of February 26th-28th. The purpose of this event, hosted by Vera Bradley (who gave amazing gifts to each runner), was to raise money for the Seaside Neighborhood School and the Seacoast Collegiate High School. Just like any other school around, these Seaside Charter Schools experience funding cuts year after year. Fundraising events, as in the case of the Seaside Half Marathon, allow these schools to provide elective classes in gardening, music, art, technology, dance, yearbook, smaller math classes, and award winning robotics programs – to name a few.

tasteSponsored by many of our local businesses, this event was honored to welcome Chef Emeril Lagasse, along with Chef Jim Shirley, and Chef Jim Richard for a VIP reception, Taste of the Race, the Friday before the run.  Two of Emeril’s restaurants provided cuisine along with some of the Gulf Coast’s top chefs and restaurants. Live music was abundant along with wine and spirits. Saturday kept the momentum building with race preparations, more food, live music and a silent auction. The big event, the Half Marathon (13.1 miles!) started bright and early at 7 a.m. Sunday morning with the 5K run following at 7:25 a.m. A post-run party and another silent auction finished up the weekend. Congratulations, Amanda for supporting this great cause and good job finishing in just under 2 hours!

Living a healthier lifestyle is what we’re all about here in Northwest Florida’s Emerald Coast. Just imagine waking up every morning to a walk on the beach, a quick surf ride, yoga facing the Gulf or Bay waters, or maybe a bit of paddle boarding before heading to work or wherever your day might take you. This lifestyle could be yours! Smart investors are realizing the value of buying real estate here as they see visitors flock to our beaches to take advantage of all we have to offer. Amazing properties in every price range are available all along the coast, click here to search. If you are interested in buying or selling real estate in the area, give the Nathan Abbott Team a call for up-to-date real estate information.

Happy St. Patrick’s Day Emerald Coast!

Do you know where the name “Emerald Coast” came from? In 1983, according to the Northwest Florida Daily News, the term “Emerald Coast” was submitted by a junior high school student who won $50 in a contest to come up with a new slogan for the area. Since then, the term has been used in reference to the coastline from Pensacola Beach to Panama City Beach. The “Emerald” color of our Gulf waters are due to the lack of sediment run off, usually found around rivers and lakes which causes more of a brownish look, along with the algae (not harmful) we do have that the sun reflects off of. Spend a day at the beach enjoying our Emerald waters and you’ll feel like you just found that pot-of-gold at the end of the rainbow! Click here to search for your Emerald Coast dream home today!

2016 New Construction & Development Along the Emerald Coast

Have you noticed the change in our Emerald Coast footprint over the last decade? We are growing in leaps and bounds, keeping the real estate market hot for 2016. Some may be concerned over the increased development forever changing the area; however, this change comes as a great boost to property values as well as providing much needed jobs to boost our local economy.

From East to West we’re seeing many changes. Panama City Beach is thrilled to be partnering with St. Joe Company in bringing not only a new K-8 school to the area, but also a world-class sports village. The outcome is to attract more sports visitors to Panama City Beach to enjoy tournaments for soccer, lacrosse, rugby and football. New schools and the economic impact of the sports complex will surely increase property values and raise home sale prices and rental income for investment properties with the added guests visiting the area, especially in the off-season.

Nathan Abbott, with the Nathan Abbott Team, recently sold a parcel of land for a new resort condominium project in Panama City Beach, Tradewinds for $6,450,000. This prime beachfront property covers ~3.65 acres and ~450 feet of Gulf front footage. Nathan Abbott is your sales specialist for Gulf front development parcels in Panama City Beach with a proven track record. This is the 5th development parcel that he sold, in addition to being the listing agent for all the developer sales at the Palazzo condominium located on the Gulf along Front Beach Road.

The Georgetown

Going into Walton County, on the East end of Scenic Highway 30A, Rosemary Beach is excited about a new condominium, The Georgetown, set to begin construction this spring. This classic-contemporary structure will offer luxury living at a desirable location with deeded covered parking. Seagrove welcomes a new 31-unit condominium called Thirty-One on 30A.

Thirty OneA

FullSizeRender-4This exceptional and desirable destination offers the pinnacle in architecture, design, comfort and foremost beachfront living. Moving to the West, ResortQuest Real Estate is proud to be the exclusive listing office offering RidgeWalk in Santa Rosa Beach. RidgeWalk is a French-inspired coastal gated community situated on the Eastern boundary of County Highway 393. This Randy Wise development is a nature-rich planned community of 74 homes sites nestled throughout ~19.5 acres.

Okaloosa County is full of upcoming residential and resort developments this year as well. Destin is proud to announce a new condominium project, 1900-98, underway along the coast.

1900 98

This ultra-luxury condo will be built on ~150 feet of beachfront. As well as The Henderson, a Salamander Beach & Spa Resort in Crystal Beach that is scheduled to open this spring. This 170-room resort will provide a plethora of services and activities.

 

The HendersonIn addition, commercial opportunities are also growing in Destin with the Destin Commons expanding with the soon grand opening of Whole Foods next to the Bass Pro Shop. Locals and visitors can enjoy natural and organic foods, fresh veggies and fruits, and other goodies for healthier lifestyle options. Also neighboring Destin Commons, Turnberry Associates has plans in motion to build a 150-room hotel beginning this spring.

Fort Walton Beach boasts their new development now approved for construction and in planning, The Landmark Center. This center consists of two main buildings that will feature a mix of residential, retail and dining including a 112-room Hilton hotel, pool, executive offices, 24-loft condo apartments and a rooftop bar and restaurant.

Landmark Center

Please let us know if you are interested in any of these and other developments along the Panhandle! We are actively involved in Emerald Coast construction projects and opportunities, please contact us for a market review of your property or click here to search available listings along the panhandle!

Nathan Abbott Team Launches New Website

The Nathan Abbott Team would like to welcome you to our re-designed, mobile friendly website. We’re pretty proud of our new clean and sleek look, not to mention how easy it is for viewers to peruse through our various tabs and links. We hope you find it easier to view active real estate properties throughout the Emerald Coast, along with information on what’s happening in the market. We’ve also included a list of reputable business partners to assist you with additional services including: mortgage lenders and title companies, insurance agencies, a home inspector, landscaper, housekeeper, locksmiths, contractors, interior designers, and even wedding planners! We have an e-concierge site, EmeraldCoastLuxury.com that lists fabulous local hot spots for dining, golfing, and recreational fun and more! Get to know our team, and register to receive emails on updates in the real estate market on our site as well. We welcome you to let us know if there is anything else you would like us to include on our site.

Our updated website is “responsive web design” to those of you who prefer to use a mobile app to gather information. What that means, if you are not familiar with the term – our website can now be viewed on any device from your widescreen desk monitor to your mobile phone screen (and anything in-between), and the content will automatically resize to adapt to the size of your screen, making it much easier to view the information you want – when you want it. Responsive web design (RWD) is an approach to web design aimed at crafting sites to provide an optimal viewing and interaction experience along with increased search engine optimization.

You may have also noticed that our bi-monthly emails that we send through Constant Contact are also now on a mobile-viewable template. Check out our latest newsletter here. We redesigned our newsletter to stay current with the trends as majority of these emails are opened on a mobile device.  If you would like to receive our Nathan Abbott Team email newsletters, click here.

Our research has shown us that 86 percent of our time is spent on native apps versus mobile web browsers in today’s mobile society. According to Google, mobile-friendly sites rank first in searches to accommodate the need for users to get the highest quality, most relevant results that are optimized for their devices. The Nathan Abbott Team continually strives to keep abreast on how best to get you the most up-to-date information available!

Emerald Coast Real Estate Market – 2015 Year in Review

According to the National Association of Realtors, 2016 shows the housing market beginning to stabilize. On a national level, the real estate market experienced one of its best years in nearly a decade. Existing home sales for 2015 saw an increase of 6.5% from the previous year. The national median price for home sales in 2015 was close to $221,200 – up 6% over 2014.

We are happy to report the Emerald Coast real estate market trends steadily increasing in sales volume and pricing as well. 2015 median prices on sold homes increased across the panhandle in Northwest Florida with an average of $472,259 – well above the national average. Homes are selling at an average of 96% of list price, which shows how important it is to have an experienced real estate professional price your home wisely to get you top dollar in the quickest amount of time.

Please review the statistics we’ve pulled from the Emerald Coast Association of Realtors for specific areas along the coast in our region.  Starting on Okaloosa Island to the West through Panama City Beach to the East, our local market is positively increasing strong!

Okaloosa Island

In 2015, Gulf front condos & townhomes on Okaloosa Island in Fort Walton Beach showed a 17.3% increase in median price, a 5% increase in average sold price and properties are selling for $16 more per square foot compared to 2014. Over the past two years, properties are selling consistently at 95% of list price. Click here to read more about Okaloosa Island.

Okaloosa Island Gulf Front Condos & Townhomes Sold

Year

Qty

Median $

Average $

$ Sq Ft

Days on Mkt

Sales/List

2014

150

$266,000

$304,178

$257

217

95%

2015

133

$312,000

$319,404

$273

242

95%

Destin

2015 sales of Gulf front condos and townhomes in Destin decreased slightly in volume compared to 2014, yet the median sold price increased by $5,000 and price per square foot increased 3.8%, $12 more a foot. Single family home (no s) sales in Destin increased across the board in 2015 with both the median and average sold price up by 14%. The price per square foot increased by $11 over the prior year as well. The sold volume was nearly $220 Million! Click here to read more about Destin.

Destin Gulf Front Condos & Townhomes Sold

Year

Qty

Median $

Average $

$ Sq Ft

Days on Mkt

Sales/List

2014

199

$355,000

$461,012

$320

159

93%

2015

410

$391,000

$536,204

$196

140

96%

Destin Single Family Homes Sold

Year

Qty

Median $

Average $

$ Sq Ft

Days on Mkt

Sales/List

2014

383

$343,000

$470,619

$185

121

96%

2015

408

$391,000

$536,798

$196

139

96%

Miramar Beach

For single family homes in Miramar Beach, the number of closed sales improved by 8.2%, with the median sold price increasing 4.6%. Homes were selling over $11,000 more on average than 2014 and at 96% of list price. Click here to read more about Miramar Beach.

Miramar Beach Gulf Front Condos & Townhomes Sold

Year

Qty

Median $

Average $

$ Sq Ft

Days on Mkt

Sales/List

2014

117

$485,500

$658,936

$390

271

94%

2015

125

$520,000

$613,886

$394

176

95%

Miramar Beach Single Family Homes Sold

Year

Qty

Median $

Average $

$ Sq Ft

Days on Mkt

Sales/List

2014

279

$435,000

$598,449

$239

123

95%

2015

302

$455,500

$609,941

$237

133

96%

30A

Real estate all along 30A experienced an increase in sales in 2015. Gulf front condos and townhomes saw a 12% increase in the number of closed sales over 2014. The average price sold had a tremendous increase of 25.5% with condos & townhomes selling for $508 per square foot – an increase of 13.9%. Single family homes along 30A shared similar increases of 14.3% in closed sales, increased median prices of $30k and average prices up over $80k in 2015 versus 2014. On average, properties sold for $28 more per square foot in 2015. Click here to read more about 30A.

30A Gulf Front Condos & Townhomes Sold

Year

Qty

Median $

Average $

$ Sq Ft

Days on Mkt

Sales/List

2014

92

$770,000

$797,839

$446

214

93%

2015

103

$888,000

$1,001,681

$508

165

95%

30A Single Family Homes Sold

Year

Qty

Median $

Average $

$ Sq Ft

Days on Mkt

Sales/List

2014

777

$640,000

$945,777

$355

155

96%

2015

888

$670,000

$1,026,549

$383

159

96%

North Santa Rosa Beach

Sales for single family homes in North Santa Rosa Beach remained stable in 2015 with home prices increasing 5.1% over 2014. For the past two years, homes are selling at 98% of list price, which is higher than any other area of our coastline! Click here to read more about North Santa Rosa Beach.

NSRB Single Family Homes Sold

Year

Qty

Median $

Average $

$ Sq Ft

Days on Mkt

Sales/List

2014

297

$239,900

$260,186

$128

93

98%

2015

293

$245,000

$273,497

$135

104

98%

Panama City Beach

Panama City Beach Gulf front condo and townhome sales volume increased by 12.1% in 2015, with the median price of sales at an increase of $10k over 2014. Click here to read more about Panama City Beach.

PCB Gulf Front Condos & Townhomes Sold

Year

Qty

Median $

Average $

$ Sq Ft

Days on Mkt

Sales/List

2014

729

$235,000

$252,350

$217

133

95%

2015

816

$245,000

$252,430

$218

136

95%

Now is a great time to purchase or sell real estate in our area.  We have access to all properties for sale and systems that provide instant updates the day a property hits the market.

If you considering selling, contact The Nathan Abbott Team for a free market analysis. We are your trusted real estate advisors long Northwest Florida’s Gulf Coast and would be honored to serve you. Click here to view our current available listings or call us at 850-583-5678.

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