Jane Araguel and Team
Jane Araguel and Team )
Volume 2, Issue 10 October 2006
In this issue...
  • Market News
  • Market Activity
  • Just Listed
  • Just Listed
  • Additional Properties For Sale
  • Mortgage Rates
  • Meet Our Team

    •  


    Buying a property in today's market isn't scary! As the fall comes upon us there are many deals to be had in Destin and the surrounding areas. After rising all year, interest rates recently fell for six consecutive weeks to their lowest point since July. This only supports the fact that "Now is the Time To Buy". As always a member of our team is available to help 7 days a week.


    		Market News

    Avg. 30-Year Mortgage Rate Drops Again
    Rate is lowest the 30-year fixed-rate mortgage has been since early March.

    Florida Man Auctions Off Garage Door Ad in Lieu of Selling Home in Down Market
    Florida resident is offering a person or company an advertisement on his garage door for to help pay mortgage instead of trying to sell his home.

    Interest Gap between 30-year Fixed Loans, Adjustable- rate Mortgages Closes
    Couple refi’s out of ARM for fixed for more predictable payments.

    Improving Your Retirement: How Two New Tax Laws Will Affect Your Bottom Line
    If you've seen any accountants jumping for joy recently, it's probably because two major laws have been passed this year that shake up the rules for all kinds of personal finance planning.

    		Market Activity

    Statistics for Destin and South Walton West
    09/01/2006 to 09/30/2006
    Detached Single Family Homes
    Status Total Avg List $ Avg Sold $ Median Price $
    New 104 $939,390
    -
    		$649,000
    Sold 20 $804,885 $759,455 $517,450
    Active 1034 $1,150,375
    -
    		$769,000

    Condominiums
    Status Total Avg List $ Avg Sold $ Median Price $
    New 160 $859,684
    -
    		$564,000
    Sold 49 $613,751 $584,761 $526,250
    Active 2102 $757,728
    -
    		$565,000

    Residential/Vacant Land
    Status Total Avg List $ Avg Sold $ Median Price $
    New 33 $559,248
    -
    		$295,000
    Sold 1 $498,000 $365,000 $365,000
    Active 490 $755,724
    -
    		N/A

    		Just Listed
    Terrace at Pelican Beach Unit 802

    Terrace at Pelican Beach

    Unit 802


    2 Bedroom, 2 Bath, 1,072 square feet



    $449,000

    Property Features

    • Lake and Gulf Views
    • Upscale Furnishings and Decor
    • Mirrored Walls
    • Fully Equipped Kitchen
    • Ceiling fans in all rooms
    • Gulf Front Community
    • Large, Heated Tropical Pool
    • Fitness Room
    • Located in the Heart of Destin

    		Just Listed
    12 St. Barts Bay - Destiny East

    Destiny East

    12 St. Barts Bay


    4 Bedroom, 4 Bath, 3,600 Square Feet



    $1,999,000

    Property Features

    • Immaculate 3 Story home
    • Gulf Views
    • Travertine and Marble Flooring
    • Upscale Decor
    • Large Heated Pool with separate Pool Room
    • Enormous Living Areas
    • Upgraded Kitchen
    • Thrid Floor Master Suite with Gulf Views
    • Elevator Shaft in Place
    • Destin's Premier Private, Gated Community

    		Additional Properties For Sale

    HOMES

    • Details 4067 BURNING TREE DR, DESTIN, FL - $559,000
    • Details 3754 MISTY WAY, DESTIN, FL - $339,900
    • Details 4628 PARADISE ISLES, DESTIN, FL - $594,900

    CONDOS

    • Details HIDDEN DUNES BCH COTTAGES, #235, DESTIN, FL - $399,000
    • Details GRAND SANDESTIN THE, #2601, DESTIN, FL - $575,000
    • Details INLET REEF CLUB, #207, DESTIN, FL - $795,000
    • Details GRAND HARBOR, #320, DESTIN, FL - $1,050,000
    • Details HOLIDAY ISLE TOWERS, #903, DESTIN, FL - $1,995,000
    • Details DUNES OF CRYSTAL BEACH, #401, DESTIN, FL - $2,400,000

    		Mortgage Rates

    Mortgage Rates

    U.S. averages as of October, 1 2006:

    30 yr. fixed:..........................................6.31%
    15 yr. fixed:..........................................5.98%
    1 yr. adj:..............................................5.47%

    These rate percentages are for informational purposes only. Consult your mortgage broker/bank for more infomation on current mortgage rates. A member of Jane Araguel and Team will be happy to discuss current market conditions and mortgages that may work for you.

    		Meet Our Team

    Click on a name below to send an email. Be sure to check out our Team Page on our website for additional team information.

    		 

     

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    Jane Araguel and Team, Coldwell Banker JME Realty | 36008 Emerald Coast Parkway | Suite 501 | Destin | FL | 32541