September 2021 Market SnapshotPosted by PPG Website Administrator on
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Found 27 entries about News.
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To describe the real estate market on the Emerald Coast in the last 18 months as brisk would be an understatement. It has been red hot. Since the lifting of the short-term rental ban in May 2020, the market has seen a rapid growth in the number of transactions. This growth subsequently reduced the amount of available inventory. The graph below (Chart #1) shows the number of properties listed for sale (orange line) and the number of pended transactions (turquoise line) for each month during the last three years through 9/30/21.
As the chart indicates, the number of pended transactions jumped in June 2020. Most of this increase was from pent up demand from buyers that could not view homes during the COVID shutdown in March and April. This demand…
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As Labor Day approaches, we are helping you get ready for the last long weekend of the Summer by compiling a list of the biggest activities from Destin to 30a! There is no better way to end the season than with good food, friends and family, and fireworks!
Perfect Hues: Baytowne Art and Food Festival
September 3 - 5 5:00pm - 10:00pm
The Village of Baytowne Wharf
Stroll The Village streets as you browse a variety of artwork from local and regional artists, and savor bites from some of the area's best restaurants and food trucks. Enjoy LIVE music throughout the festival and a spectacular fireworks show over the lagoon on Sunday at 9:30 pm.
Click Here for More Information
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Sit back and enjoy Baytowne Wharf's FREE Wednesday Night Concert Series every Wednesday this spring and summer!
The concert series features both local and regional talent from a variety of genres. Concert begins at 7pm on the Events Plaza Stage.
Live Music Schedule:
July 7: Boukou Groove
July 14: Forrest Williams Band
July 21: Six Piece Suits
July 28: Rust & Gold
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While a handful of die-hard locals have no doubt sampled all of 30A’s wonderful watering holes, out-of-town visitors don’t always have a lot of extra time to venture off the sandy path.
And although the following bars are somewhat hidden away from public view, there’s certainly no reason to keep any of them confidential. Even if you’re a local, we bet you’ll still find something new to try on our list of the Secret Bars of 30A (in no particular order):
While you might have sampled The Perfect Pig’s meaty “Praise the Lard” menu, it’s easy to overlook the full bar tucked away at their Gulf Place location. There’s more than ample ambience at the bar, bistro tables for those cozy encounters, a TV or two for…
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The pandemic created a tremendous interest in vacation homes across the country. Throughout the last year, many people purchased second homes as a safe getaway from the challenges of the health crisis. With many professionals working from home and many students taking classes remotely, it made sense to see a migration away from cities and into counties with more vacation destinations.
The 2021 Vacation Home Counties Report from the National Association of Realtors (NAR) shows that this increase in vacation home sales continues in 2021. The report examines sales in counties where “vacant seasonal, occasional, or recreational use housing account for at least 20% of the housing stock” and compares that data to the overall residential market.
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As we move into the latter half of the year, questions about what’s to come are top of mind for buyers and sellers. Near record-low mortgage rates coupled with rising home price appreciation kicked off a robust housing market in the first half of 2021, but what does the forecast tell us about what’s on the horizon?
Many experts are projecting a rise in interest rates. The latest Quarterly Forecast from Freddie Mac states:
“We forecast that mortgage rates will continue to rise through the end of next year. We estimate the 30-year fixed mortgage rate will average 3.4% in the fourth quarter of 2021, rising to 3.8% in the fourth quarter of 2022.”
However, even as mortgage rates rise,…
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4th of July celebration preparations are in full swing along the coast. We've compiled a list of the activities you don't want to miss from Destin to Rosemary Beach! Whether you're looking for face painting or fireworks, there are plenty of ways to this celebrate this Independence Day!
Smoke on the Coast BBQ and Fireworks Festival
July 3 5:00pm - 10:00pm
Join us for the 10th annual Smoke on the Coast BBQ and Fireworks Festival! Starting at 5:00pm, family entertainment and live music will kick off the day. At 5:30 p.m., BBQ aficionados can enjoy $1 samples from area restaurants and BBQ groups and vote for their favorites as People’s Choice…
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There’s always something happening at The HUB!
From Funk and Jazz to Jam and Americana, we bring world-class live music to Santa Rosa Beach for incredible nights and weekends with friends and family. And grab ice cream from Super Freeze or a burger from DUOS while you watch family-friendly movies under the stars.
CLICK FOR CALENDAR OF EVENTS
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