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Volume 1, Issue 8 August 2005
In this issue...
  • Market News
  • Mortgage Rates
  • August's Signature Condo
  • August's Signature Home
  • Special Offer
  • Market Activity
  • Meet Our Team
  • NOW IS A GREAT TIME TO INVEST IN THE DESTIN AREA!

    With August upon us summer is flying by! Many people have inquired about the real estate market in Destin and whether or not it is a good investment. Well, all indications show that Destin and the surrounding area is a substantial and beneficial market.


    Market News

    NAR Pending Home Sales Index Shows More Activity at Record Levels

    RISMEDIA, August 1 – Pending home sales, a leading indicator for the housing market, have risen to the third highest level on record, according to the National Association of Realtors.

    The Pending Home Sales Index, based on data collected for June, rose 0.6 percent to a reading of 126.3, and is 3.6 percent higher than June 2004.

    The index is based on pending sales of existing homes, including single-family and condos; a sale is pending when...

    Mortgage Rates

    Mortgage Rates

    U.S. averages as of July 28, 2005:

    30 yr. fixed:..........................................5.77% 15 yr. fixed:..........................................5.34% 1 yr. adj:..............................................4.46%

    August's Signature Condo

    Grand Villas at Hidden Dunes Unit 430

    Grand Villas has everything you expect in a Luxury Condo -- Rental Restricted Building with parking garage, Gated Resort, Gated Building, Beach Front Pool and Whirlpool, Private Beach, Tennis, Fitness Center, Walking Paths, Biking. This 3 Bedroom, 3 Bath Grand Villa Condo is being sold completely furnished (except for some artwork and a few personal items) and has a Terra Cotta Tiled wrap around balcony with awesome views, built-in gas grill, and a serving bar with a pass through window from the kitchen. The interior features 10 foot ceiling with crown molding and recessed lighting, a split floor plan and beach decor. The oversized master suite boast private balcony access, large whirlpool tub and separate shower and INCREDIBLE views.

    Click here for a Virtual Tour of this listing.

    3 Bedroom, 3 Bath, 2,005 square feet

    $1,850,000

    August's Signature Home

    141 Seawinds Drive in Gulf Place

    Magic comes alive in special moments and special places. Imagine living in a spectacular 3 story contemporary villa on the best lot that Gulf Place has to offer. This home begins with a 47 foot elevation and lends approximately 3000 square feet of pristine beauty and charm with many different, wonderful spaces in which to dream. Live elegantly and appreciate the panoramic gulf views, beach walkovers, pool, tennis courts, concerts, shopping and restaurants all in a gated, security patrolled, rental restricted community. This home truly has a UNIQUE combination of elegance, style, privacy and spaciousness. Adjacent lot is available with purchase of home.

    Click here for a Virtual Tour of this listing.

    3 Bedroom, 3.5 Bath Main House and 1 Bedroom, 1 Bath Guest House, 3,487 total square feet

    $2,195,000

    Special Offer

    We are proud to announce an exclusive offer from our team to you!

    Unit 1222 in the West Building of Emerald Grande, a new delopment on the Destin Harbor, is for sale exclusively by our team.

    If under contract by August 16, 2005 the sales price of this wonderful pre-construction condo will be $1,049,700

    An unbelievable price for and unbelievable development.

    Market Activity

    Emerald Coast Association of Realtors MLS (Destin and South Walton West)

    July 1 - July 31, 2005

    Detached Single Family Homes

    • 53 Sold...........................Average Price (sold) $740,538
    • 37 Pending......................Average Price (asking) $875,803

    Condominums

    • 67 Sold...........................Average Price (sold) $710,722
    • 56 Pending......................Average Price (asking) $909,296

    Vacant Land

    • 14 Sold...........................Average Price (sold) $930,404
    • 9 Pending........................Average Price (asking) $570,667

    Meet Our Team

    Ranked #3 in RE/MAX in Florida and #25 RE/MAX Worldwide among over 100,000 agents.

    Local Links...

    Toll-Free: 1-800-650-3788

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    Jane Araguel and Team | 34894 Emerald Coast Parkway | Destin | FL | 32541