Perdido Post

CAPRI, LA RIVA, AND THE PALMS -- LUXURY SALES IN PERDIDO KEY

2010-02-11T17:12:24-05:00

Luxury beachfront sales in Perdido Key, Florida are surprising many. This is a niche market in Perdido Key where demand is steadily outweighing supply. The three most popular luxury communities in Perdido Key are Capri, La Riva and The Palms of Perdido. Over the past year, these communities have welcomed many new owners who believe luxury values have never been better. Prices on these large 4-bedroom and 5-bedroom Perdido Key residences have decreased more than 50% in most cases, from the peak in 2005. But if you are thinking of buying, you may want to move soon as choices are becoming limited and few remaining Sellers will sell at today’s rock-bottom prices. I have helped many of these Buyers get the best possible price and I invite you to call me to learn more about the luxury market in Perdido Key. Below, read more about the best deals in 2009 and already in 2010…

Capri

Capri offers exceptional interior appointments, abundant amenities and a secure, low-density beach location toward the west end of Perdido Key. There are currently four remaining developer residences for sale at Capri at exceptional prices. These owners are enjoying their new beach homes at Capri:

Capri 402 Sold for $885,000 in June 2009 (unfurnished)

Capri 302 Sold for $880,000 in August 2009 (unfurnished)

Capri 401 Sold for $920,000 in September 2009 (furnished)

Capri 202 Sold for $860,000 in December 2009 (unfurnished)

** Capri west end residence - view of living area from kitchen

La Riva

La Riva offers fantastic amenities, spacious floor plans, and 525’ of uncrowded beach in the heart of Perdido Key. There are limited residences for sale at La Riva…go to my website at www.PerdidoKeyLiving.com. These new owners at La Riva owners will relaxing at the beach this Spring and Summer:

** View from La Riva West 10W - currently listed at $1,039,000 beautifully furnished w/ deeded covered parking

La Riva East 7E Sold for $900,000 in April 2009 (furnished)

La Riva Center PH2 Sold for $975,000 in September 2009 (unfurnished)

La Riva Center PH3 Sold for $900,000 in August 2009 (unfurnished & partially unfinished)

La Riva Center PH5 Sold for $1,100,000 in August 2009 (unfurnished & partially unfinished)

La Riva Center PH8 Sold for $950,000 in November 2009 (unfurnished – Short Sale)

La Riva West 6E Sold for $820,000 in December 2009 (unfurnished)

La Riva West 3E Sold for $875,000 in January 2010 (unfurnished)

The Palms of Perdido

The Palms of Perdido offers high quality interior appointments, spacious 5BR floor plans, fabulous Club Level amenities…located in the heart of Perdido Key. There are limited residences for sale at The Palms…go to my website at www.PerdidoKeyLiving.com. These new owners are enjoying luxury in Perdido Key:

** View from west residence at The Palms

The Palms 501 Sold for $1,150,000 in September 2009 (unfurnished)

The Palms 301 Sold for $800,000 in November 2009 (unfurnished)

The Palms 302 Sold for $860,000 in November 2009 (unfurnished)

The Palms 402 Sold for $950,000 in November 2009 (unfurnished)

The Palms 502 Sold for $895,000 in December 2009 (unfurnished)

The Palms 1002 Sold for $975,000 in December 2009 (unfurnished)

The Palms 602 Sold for $870,000 in January 2010 (unfurnished)

NOBODY KNOWS LUXURY BETTER THAN PERDIDO KEY'S #1 VOLUME AGENT 2007 & 2008.

FOR EXCEPTIONAL KNOWLEDGE AND SERVICE, CALL KATHY AT 850-712-4631.

Perdido Key 3rd Quarter Sales HOT!

2009-10-10T23:25:36-04:00

Buyers continue to pick up deals along the Gulf Coast, especially in Perdido Key, the area's hiden jewel. Many have discovered Perdido Key's treasures...now condo buyers are learning that value is another treasure to add to the list. As other coastal markets continue their slow decline, real estate values in Perdido Key have corrected more quickly and are stabilizing. In a nutshell, for best price and best choice, now is the time...choices are getting slim at today's hot prices!

For you "'numbers people", here are 3rd Quarter 2009 sales statistics and summaries...ENJOY!

*Condo Location*	*# of Condo Sales*	*Average Price*	*Average Price/Sf*
Gulf Front	38	$547,834	$256
Gulf access (Grand Caribbean)	5	$107,100	$155
Riverfront & River access	2	$265,000	$174
No Water Access (Purple Parrot)	7	$98,484	$119
Golf Course (Lost Key)	5	$199,000	$118

Prices have dropped and so has the inventory...just check out this 2008 versus 2009 comparison:

*3^rd Quarter Comparison*	*2008*	*2009*	*% Difference*

*Average Sales Price*	$637,049	$421,578	- 33.8%
*Average Condo Inventory*	377	277	-26.5%

I invite you to call me with any questions. I love talking about our Perdido Key real estate market!

...and, boy, is there a lot to talk about!

Blessings to you,

Kathy

Perdido Key Condo Sales up 62% in 2nd Quarter 2009

2009-07-04T18:17:30-04:00

That's right, Perdido Key condominium sales for the 2nd Quarter 2009 are up 62% over 2008. There were 42 condominium sales this past quarter, bringing inventory levels to the lowest in 4 years.

See a breakdown of 2nd Quarter Condo Sales below:

*Condo Location*	*# of Condo Sales*	*Average Price*	*Average Price/Sf*
Gulf Front	29	$462,672	$257
Gulf access (Grand Caribbean)	2	$106,600	$153
Riverfront & River access	3	$309,667	$174
No Water Access (Purple Parrot)	6	$124,500	$115
Golf Course (Lost Key)	2	$185,950	$111

* Information taken from the Pensacola MLS for 2nd Quarter 2009

That's not all! Perdido Key 3rd Quarter Sales are looking bright with 34 condos currently "Under Contract". Let me share my recent observations of the market:

1. There has been a recent surge in the 'higher end' segment of our market (priced over $700,000) highlighted by amazing buys at Capri, Mediterra, and La Riva. Email me for details on these recent sales. For other great buys in these communities, check out my Feature Properties at www.PerdidoKeyLiving.com.

2. Inventory is running extremely low for gulf-front properties under $350,000 in Perdido Key. We currently have only 25 properties for sale in this price range and many of those are 1-bedroom units. If this is your price range, you should be buying now! Prices in this range are on the rise in most complexes.

I look forward to your comments! Have a safe & blessed 4th of July!

~ Kathy

PERDIDO KEY SALES SOARING!

2009-05-24T20:14:32-04:00

Welcome to my brand new Weblog! As Perdido Key's leading Realtor (2007 & 2008 officially speaking), I have tons of real estate sales information and area news in my head that needs to get out, so naturally a 'blog' seems the perfect medium to do just that...I hope you will register on the site to be notified of new blogs when they post. This way, I will know that someone is reading my blog and my voice is being heard!

For my first post, I had to share THE BIGGEST NEWS TO HIT PERDIDO KEY IN THREE YEARS. There are currently 31 pending or contingent sales in Perdido Key and inventory levels are at their lowest point in THREE YEARS! Yes, this is BIG news for Florida's northern-most barrier island. With only 193 Gulf front properties currently for sale, some Buyers are missing their window of 'bottom price' opportunity especially at complexes like Sandy Key where this week's recent 2BR sale was $35,000 higher than a previous sale. I just closed Sandy Key 523 on Friday for $270,000 (furnished) and had numerous Buyers waiting in the shadows to jump should the sale go south. Many of my peers agree this will be the last 2BR sale near this price in Sandy Key, where Buyer demand outweighs supply.

Make no mistake, there are great deals to be had along with coast...we are simply finding 'deals' in our "$350,000 and under" segment of the market are quickly disappearing from Perdido Key to Gulf Shores. This buying trend was represented by April 2009 Sales Stats which show 13 sales in Perdido Key at an average sale price of $363,900. In a nutshell, lower-priced inventory is dwindling, demand is high, and prices in this range are hedging up as a result. Those who know me know that I am not a 'high pressure, high urgency' sales person who is conservative in saying 'the market is turning'. So when I say the tide is turning, it is because I am seeing first hand a wave of activity unlike any we've seen in the past three years.

Let me finish this post by sharing my thoughts on 'THE GREATEST BUYS IN PERDIDO KEY today"...

RIVER COLONY 102 - Brand new 4-bedroom riverfront condo for only $299,000 -- WOW! Only $149/sf!

FLORENCIA 707 - CRAZY buy on 3BR end-unit, 1935 sf for only $399,900 (w/ 2 covered parking spaces)

ATLANTIS 3W - UNBELIEVABLE BUY for 4BR, 2600sf, GULF-FRONT only $574,900! THIS IS $221/SF!

NONE OF THESE ARE SHORT SALES OR FORECLOSURES. AND YOU TRULY WILL WANT TO ACT FAST (really)...

CALL ME TODAY AT 850-712-4631 DIRECT LINE.

Have a safe & blessed Memorial Day weekend!