One year ago we experienced something remarkable. Our Florida rental and real estate market shut down—for what now feels like a brief moment—due to the coronavirus, only to roar back in both respects.
I was 100% wrong, predicting a 6-month flattening in appreciation. Instead, the market only trailed off for two months during closure. Now, fortunately, there are not only no visible economic scars locally, but the opposite—we see a thriving Emerald Coast and 30A marketplace.
I have been around long enough to see this sort of uptick twice where we burst above the trendline. View my 27-year single-family sales chart for reference. In 2005/06, banks were handing money out to anyone with a pulse; and our market unjustly exploded, only to retreat for several years. The second time was this past year; it ascended again, and it’s still flying high.
Even more importantly—there is an abundance of cash flowing into our market. And the future is bright. Jamie Dimon, Jp Morgan CEO is calling for a post pandemic boom that could run into 2023. And Federal Reserve Chair Jerome Powell said to CBS that things have hit an “inflection point,” with an outlook that has “brightened substantially.” Today’s buyer is much more secure and, therefore, so is the market.
I’m glad to say I practice what I preach: I am in the process of purchasing an Old Seagrove home I plan to redevelop. Also, one of my LLC’s just sold three new construction homes and is prepping to build two more luxury homes in Seagrove. I enjoy helping others reap the benefits of our market, but I also am an active participant.
Advice for Sellers
Numbers don't lie. If you are considering selling your home right now, we have record lows in inventory and record highs in sales prices. Take some time to browse the snapshot of stats for single-family homes in Walton County in the Month of February, year to year, between 2020 and 2021. Keep in mind, February of 2020 was before the pandemic even started and had yet to effect our market.
Advice for Buyers
For buyers, I know our Go To The Beach Christie’s Advisors will do everything they can to assist you. We know it’s not easy to navigate your way through this hot, seller’s market. But with patience, diligence and know-how, we can guide you home.
For those seeking a second home to rent-out to help cover a portion of expenses, we have a particular edge. As an owner of Benchmark Management, we have data, resources and management capabilities that serve an advantage in locating prime property.
Hint, hint: most rental properties turn-over guests on Saturdays between 10AM and 4PM. I recommend a Thursday or Friday arrival to meet with our advisors and review properties digitally. Then Saturday hours can be used wisely to view properties in person.
 We currently are working with property sellers pre-listing and would like to tell you all about these early opportunities. Please contact us directly for more information on these select properties before they hit the market. CLICK HERE to receive our "Pre-market Property" list.
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