Emerald Coast Real Estate Update

Trusted Real Estate News Blog

Nov. 28, 2016

Housing Trends 2017: Millennials, Suburbs and Trump

Millennial working on real estate deal

Trends in the housing market will take a “new stage” in 2017, one on which millennials, the suburbs and Trump all play a starring role, a recently released forecast expects. The portal’s top five predictions for the upcoming year:

1. Home values will grow 3.6 percent in 2017. National home values have risen 4.8 percent so far in 2016.

2. Cities will focus on denser development of smaller homes close to public transit and urban centers.

3. More millennials will become homeowners, driving up the homeownership rate. Millennials are also more racially diverse, so more homeowners will be people of color, reflecting the changing demographics in the U.S.

“Renters should have an easier time in 2017,” says Svenja Gudell, Zillow chief economist. “Income growth and slowing rent appreciation will combine to make renting more affordable than it has been for the past two years.”

4. New-home buyers will have to spend more as builders cover the cost of rising construction wages, driven even higher in 2017 by continued labor shortages, which could be worsened by tougher immigration policies under President-Elect Trump.

“There are pros and cons to both existing homes and new construction, and the choice for homebuyers can often be difficult,” says Gudell. “For those considering new construction in 2017, it's worth considering the added cost that may come amidst ongoing construction labor shortages that could get worse if President-Elect Trump follows through on his hardline stances on immigration and immigrant labor. A shortage of construction workers, as a result, may force builders to pay higher wages, costs which are likely to get passed on to buyers in the form of higher new home prices.”

5. The percentage of people who drive to work will rise for the first time in a decade as homeowners move further into the suburbs seeking affordable housing—putting them further from adequate public transit options.

“Those looking for more affordable housing options will be pushed to areas farther away from good transit options, in turn leading more Americans to drive to work,” says Gudell.

Reprinted permission of RISMedia. ©2016.

Posted in Real Estate News
Nov. 27, 2016

December 2016 Pensacola Events

Christmas in Pensacola FL

Christmas has always been my favorite holiday. I love the decorations, the celebrations, the gifts of course, but most of all I look forward to the camaraderie and joy the season brings. The holiday season also brings an abundance of fun things to do for friends and families. A list of my seasonal favorites starts with the free trolley service offering rides throughout downtown Pensacola during the entire month of December from 10 a.m. to 10 p.m. The Downtown Improvement Board is sponsoring the service and will offer trolley routes with "hop-on, hop-off" service through the downtown core, the historic Belmont-DeVilliers neighborhood, and the Community Maritime Park. The routes are expanded on weekends to include Pensacola's historic district and the Pensacola Bay Center.

We are having an exceptionally mild fall so head out to Pensacola Beach on December 3, 2016, for the Lighted Boat Parade and Fireworks presented by the Pensacola Beach Chamber of Commerce. The fun starts with a kid's pre-show party located at Shaggy's from 4-6 p.m. At 6:30 p.m. the Lighted Boat Parade will proceed from Sabine Marina to the Pensacola Beach Boardwalk. You can watch the parade procession in Little Sabine at 6:30 p.m., the cross over to the Quietwater Beach to see the end. Word has it that Santa will make an appearance before the fireworks display.

One of my much loved Christmas events is the Pensacola Christmas Parade. Our company Emerald Coast Realty is one of the sponsors of the parade, and we will have a float as well. The parade starts at sundown and winds its way thru downtown Pensacola on Saturday, December 10, 2016. This event draws more than 50,000 people to downtown Pensacola each year and features 90 entries, eight bands from musicians both local and from New Orleans, our neighbor to the west. No Pensacola Parade is complete without our Blue Angels flight team so you can see them here as well. The parade is preceded by the Pensacola Runners Association Christmas Parade Dash for those of you that want to burn a few calories off first. For more information, check out their site coxpensacolachristmasparade.org. Be sure to vote for our float!

The Pensacola Little Theatre will be presenting A Charlie Brown Christmas December 15th to 18th. This version is based on the television special and has the whole Peanuts gang discovering the true meaning of Christmas. Show times vary so check out their site for more information: pensacolalittletheatre.com

December 16, 2016, is the date for the next Downtown Gallery Night starting at 5:00 p.m. Gallery Night will see a few changes aimed at steering the event back toward its art-centric routes while keeping the popular party atmosphere intact. Palafox Street will be closed from Garden Street to Main Street and feature artists displaying their work until the official Gallery Night portion of the event ends at 8 p.m. Palafox Street will then remain closed for an after-party until midnight. Bars will not begin serving liquor outdoors until after 8 p.m.

The last event I will mention here is one my daughter participated in for many years: The Winterfest Performance Trolley Tours. Local singers, musicians, and thespians donate their talent to enhance your Christmas Season. This year's event will feature 16 performances in a sixty-minute ride. Look for your favorite characters to make an appearance. For more information check out their site: pensacolawinterfest.org

Posted in Pensacola
Nov. 16, 2016

House at 10804 Creek Ridge Dr in West Pensacola for sale

 

Living room in West Pensacola homeLooking for an affordable home in a great family friendly neighborhood? We may have found just the house for you. This well-maintained home with a split bedroom design at 10804 Creek Ridge Dr is in Woodridge Manor Subdivision, West Pensacola. It has an open floor plan, single car garage, fenced yard and concrete drive. Very inviting and perfect corner lot location.

Loaded with recent updates; this home has brand new floors, new paint, and a brand new roof. There is plenty of open space with the high arched ceiling in the living and dining area, as well as a floor to ceiling fireplace and the huge screened patio. There is plenty of room for entertaining and even more than enough room to add a pool or for your pets to play. This beautiful lot has an additional wooded space past the privacy fence which offers the option to expand the large yard even further.

10804 Creek Ridge Dr., Pensacola, FL 32506

At this price, location and being in ready to move in condition, this home will move quickly. Give Nicole Gilchrest with Emerald Coast Realty a call to set up your personal tour, 850-437-5618.

See listing detail page for 10804 Creek Ridge Dr., Pensacola, FL 32506

Posted in West Pensacola
Nov. 15, 2016

Waterfront Lot for Sale in West Pensacola

10200 block of Lillian Hwy Pensacola FL

The allure of living on the water in Pensacola is powerful and undeniable. So many homeowners dream of one day owning a home on the water. You are just seconds away from many water activities such as boating, fishing, kayaking, skiing, wakeboarding and much more. Instead of struggling for boat access, you can have a private boat access and dock. Homes on the water retain their value longer due to their desirability and limited supply.

Opportunities to find the perfect location to build your dream home are not always easy to find, and everyone knows location is key. You want to be close to the best amenities in the area but far enough away to enjoy the peaceful quiet of nature.

West Pensacola waterfront lot for sale

This beautiful West Pensacola home site offers the best of it all, including 100 feet on beautiful Perdido Bay. It is well known for the gorgeous sunset views and beautiful mature trees. This lot is two parts, with 100 x 150 feet across the street from the Bay and 100 x 25 feet on the Bay. Allowing you to fulfill the dreams of a private dock or boat house and still have your home close enough to enjoy the gorgeous views. A great opportunity for a great property.

To inquire about this property contact Kim Gibbons, Broker at Emerald Coast Realty, 850-437-5618.

See listing detail page for this lot on Lillian Hwy, Pensacola FL 32506

Posted in West Pensacola
Oct. 28, 2016

October 2016 Pensacola Area Events

Pensacola October 2016 events

The fall season has an abundance of fun things to do for the entire family. I constantly see Segway Tours in the downtown Pensacola area. One of the fun Segway offerings from Emerald Coast Tours is the Haunted History Tour which runs thru Halloween. This one hour tour showcases Haunted Downtown Pensacola. Be thrilled and chilled by the tour guides as they share the most macabre side of Pensacola History. You can contact Emerald Coast Tours at 850-417-9292 for details.

As long as you are here for Halloween, you should treat yourself to the Pensacola Little Theatre's rendition of The Rocky Horror Show. Always a crowd pleaser, this show runs thru November 5th. PLT invites you to do the Time Warp; you can dress up as your favorite character, and shout out comeback lines. Pensacola Little Theatre is the oldest continually operating community theater in the Southeastern United States. www.pensacolalittletheatre.com

Perdido Key is home to the 32st Annual Frank Brown Songwriters Festival. Described by promoters as the granddaddy of Gulf Coast songwriters festivals, this event offers more than 200 Grammy award-winning songwriters and also up-and-coming stars performing their original songs and talk about the stories behind the music. You can enjoy the beaches, seafood and eleven days of original music. Admission is free at many venues, but some may ask for a small cover charge. Call 850-492-7664 for more information.

Fall is festival season here on the Gulf Coast. Next weekend, November 4-6, will find the Great Gulfcoast Arts Festival in full swing in Seville Square Park, Pensacola. This three-day, juried art show draws several hundred painters, potters, sculptors, jewelers, graphic artists, craftsmen, and other artists. Live musicians provide entertainment in Fountain Park with Zydeco, bluegrass, jazz, blues and classical selections. The Children's Arts Festival is next door in Bartram Park, featuring numerous hands-on artistic opportunities provided free of charge. The Children's Festival is open Friday for children with special needs from selected schools and is open to everyone on Saturday and Sunday, 10 a.m. to 4:00 p.m. Food and beverages are available.

My marathon days may be over, but you can still sign up to participate in the12th Annual Pensacola Marathon. The line up is November 13, 20166:30 am at Veteran's Memorial Park located at 200 S 10th Avenue, Pensacola. The race begins and ends at Veteran's Memorial Park on the beautiful Pensacola Bayfront and winds its way along a 13.1-mile circuit of the city for the half marathoners and a full 26.2 loop for the full marathon. The course features running through historic neighborhoods, the downtown district, bands, and loads of cheering Pensacolians. The finish line is next to the only replica of the National Vietnam War Memorial in Washington, D.C. The Pensacola Marathon is also a Boston Qualifier for you still needing to qualify.

Give us a call if you need more ideas to get busy over the next few weeks 850-437-5618.

Posted in Pensacola
Oct. 28, 2016

Fall is the Best Time on the Emerald Coast

Fall on the Florida Emerald Coast

Residents of the Emerald Coast know that the fall is the best time to hit the beach. October on the Gulf Coast has been a well-kept secret for residents here for as long as I can remember. Offering mild sunny days, cool nights and generally rain free, we have marveled why the tourists opted to leave early as we enjoyed miles of quiet beaches, restaurants with no waiting and a lack of weekend traffic.

Visit Pensacola reports that hotel bookings are up this fall in Pensacola Beach and the average room prices are up as well. The beach occupancy rate has increased over the past year and resulted in a three percent increase in fall room prices. We see the same trend with condo rentals and vacation home rentals on area beaches. Local rental companies report their properties have largely been booked this fall and are indeed busier this year than in previous years. This trend is not limited to Pensacola Beach; we see the same thing from Perdido Key to Destin.

Visit Pensacola sponsored an annual tourism study that reported visitors to our area are staying longer and spending more money while they are here. This study also noted that the draw of tourists that come to our area has expanded in the last couple of years to include some cities in the Midwest. Steve Hayes, president of Visit Pensacola, has been promoting our area to international tour companies interested in Florida vacations. Mr. Hayes reports that we are becoming a popular destination for the international market because of our beaches, history, and our Southern hospitality.

Local campgrounds are popular destinations as visitors arrive to enjoy the natural beauty in a more hospitable environment. Watersports continue to be a draw as the Gulf water temperature is still warm and inviting. The Pensacola Beach Fishing Pier has reported an already busy fall season that has shown no signs of slowing down. October has also become a popular month for destination weddings at local beaches as the chances for accommodating weather is good.

This increase in fall traffic has been felt off the beach as well. Festivals, sporting events, and cultural venues all report record numbers. The Destin Seafood Festival and the Pensacola Seafood Festival occurred on the same weekend, and both reported record attendance. As you might imagine, seasonal employees are benefitting from this extended fall season as well.

Posted in Pensacola Beach
Oct. 25, 2016

House at 1800 Knight Circle for Sale in Cantonment

Front of the house at 1800 Knight Cir in Cantonment, FL

Finding a home that is perfectly maintained and has multiple amenities can be a tiresome and difficult thing to do. Occasionally, opportunities come your way. As a buyer, knowing when to step forward and go after that opportunity is key.

Kingswood Estate's in Cantonment Florida, residents take pride in their community. They recently completed an overhaul of the subdivision entrance, and the main road was recently repaved. Each home has an abundance of curb appeal.

That is especially the case with the newest home available, 1800 Knights Circle. The all brick exterior is surrounded by gorgeous landscaping and an extremely well-maintained lawn. The huge backyard is completely privacy fenced and features a large in-ground pool with super quite energy efficient pool pump Polaris pool sweep. The two-car garage has access to the attic which had flooring installed for extra storage space.

Swimming pool

The interior of the home is updated and move-in ready. The carpets are less than a year old and all rooms were repainted including the garage. The little touches set this home apart, from the gorgeous contemporary new kitchen backsplash, the touch faucet sink, resurfaced cabinets to the new shower heads, comfort height toilets and exhaust fans in the bathrooms. A new 50-gallon water heater was installed, and the heat pump replaced two years ago. The master suite has its patio entrance, and the master bath features a cathedral ceiling, a huge walk-in closet as well as a second closet, dual vanities, separate shower and a relaxing jetted tub. There are two guest bedrooms and a beautiful fireplace rests in the center of the open living and dining area.

In addition to over 1,700 square feet of living space, the home has a 180-foot sunroom with gorgeous French doors opening to the spacious patio overlooking the pool. After only a few moments in this immaculate home, it will be obvious that the owners have taken a lot of pride and love into making every inch a perfect place to live.

Call Kim Gibbons at Emerald Coast Realty to schedule a tour, 850-437-5618.

See listing detail page for 1800 Knight Circle, Cantonment, FL 32533.

Posted in Cantonment
Oct. 22, 2016

2221 W Strong St for Sale Pensacola, FL

Property for sale at 2221 W Strong SAtreet

If you are searching for an investment opportunity, take a moment to consider multi-family housing. There are numerous benefits to this type of property. It is a great way to create consistent cash flow month after month. There are multiple tax advantages, simpler access to financing, and while growing your rental property portfolio.

A fantastic new opportunity at 2221 W Strong Street in Pensacola just became available for sale. Three separate dwellings located on a double size corner lot, close to the heart of the city and historic downtown. There is a 1,200-square foot home with four bedrooms and two baths. Just past the main home is a two-story apartment duplex. The upper level has two bedrooms, one full bath, and 900 square feet. The lower level has one bedroom, one bath, and 543 square feet.

Multi-family housing in Pensacola

There is ample parking space, two large storage areas and a partially fenced back yard. The main house and upper apartment have both been HUD approved.  All three rentals have existing leases through the end of 2017. Give Miriam Rowland at Emerald Coast Realty a call to set up a showing for this fantastic opportunity, 850-437-5618.

See listing detail page for 2221 W Strong St, Pensacola FL 32505.

Posted in Pensacola
Oct. 19, 2016

Portofino 1005 tower 2 for sale Pensacola Beach

View of the Gulf from Portofino Balcony 1005 Tower Two

Portofino Island Resort can easily claim to be the most famous luxury resort on Pensacola Beach. It combines luxurious accommodations, the natural beauty of the Gulf Islands National Seashore and a huge variety of family friendly activities.

Ever dream of owning your slice of paradise? With the newest condo available for sale at Portofino, that dream can become a reality. With an established rental history and one of the best and most popular property managers on the beach, Premier Island Management Group; this condo is sure to be the perfect vacation home investment.

Portofino swimming pool

This unit comes fully furnished and ready to move right in! You'll love the two spacious bedroom suites, a huge open living area with dining room and the beautiful galley kitchen. Enjoy breathtaking views, with miles and miles of coastline of the Gulf of Mexico from your private balcony.

Seize this great opportunity before it is gone. Call Kim Gibbons today, 850-437-5618.

See the listing detail page for Portofino 1005 Tower Two.

Posted in Pensacola Beach
Oct. 7, 2016

House at 4000 Bay Pointe Dr for sale in Gulf Breeze

Front of house at 4000 Bay Pointe Dr

It is no surprise that so many people choose to flock to Gulf Breeze Florida each year. Gulf Breeze offers its residents a prime location within close driving distance to Pensacola Beach, the arts and cultural events in historic downtown Pensacola and a seemingly endless choice of popular dining, shopping, and entertainment establishments.

Waterfront subdivisions are among the most popular residential destinations in Gulf Breeze. This house at 4000 Bay Pointe Drive is in Bay Woods, a few miles outside of Gulf Breeze Proper, and the subdivision's residents enjoy a peaceful community resting on the bay with no association restrictions.

Back of house for sale

With the appearance of a countryside English manor, this captivating estate offers over 100 feet of waterfront overlooking East Bay and Escambia Bay. It is a boaters dream with water access, a private pier, dock and boat lift. Professional landscaping lines the rolling grounds and a huge screened porch and open cobblestone patio add even more outdoor entertaining space.

The interior of the home is very spacious with four bedrooms on the upper level including a master suite and a guest bath. The main level is expansive with a generous family room, den, living room, formal dining room, kitchen with pantry and breakfast area, a huge foyer and spacious laundry room. There are multiple sliding glass door entries to the 10 x 20 screened porch and over 500 square foot patio overlooking the garden area and water.

Waterfront dock in Gulf Breeze, FL

The gem of the estate is the rear of the home. Imagine sitting on your patio surrounded by gorgeous landscaping, listening to the water lap up on the sea wall of your backyard. Enjoy a picnic at the end of your private pier while reeling in a Spanish Mackerel or Red Drum, both commonly found in Escambia Bay. You could bask in the sun from your boat as it sets off from the pier into sparkling waters at sunset or an afternoon of water sports.

Abundant curb appeal and endless possibilities help turn this picturesque home into your very own dream estate. Give Kim Gibbons a call to envision the dream for yourself, 850-437-5618.

See listing detail page for 4000 Bay Pointe Drive, Gulf Breeze FL 32563.

Posted in Gulf Breeze