Destin Florida Triples In 3 Years
Do you want to see something that is absolutely amazing? Let me show you what has happened in Destin, Florida over the last 3 years. Back in August of 2002, the median price of a home selling in Destin was $229,000. One year later, August 2003, the median price in Destin increased to $305,000, or a 33% price increase. Roll the clock forward in July 2005, and we see that the average price is now $658,000 as you can see in the price charts below. Do you think there was a little money made in Destin over the last few years? Since I live in the area, I can attest to the HUGE role real estate has played in our local economy and large amount of wealth that has been produced.
For the Monday morning arm chair quarterbacks of the world, you can just hear them at a dinner party saying?. "Boy, I knew that real estate was going up around there and I came close to buying a piece of property back in ??.". "If I WOULD OF have purchased that property, I COULD HAVE made a killing?. I guess I SHOULD HAVE bought it before prices went so high. This is what investors call the Woulda, Coulda, Shoulda syndrome.
The WORST thing an investor could do right now is to realize that they missed some gain potential in Destin and then assume that prices will just keep going to the moon. Rather than kicking themselves for actions taken in the past, what this investor should be doing is trying to understand what has happened in the past and then apply that knowledge to FUTURE investments. Let' rewind the clock and see what happened to see if it sheds any clues as to what we should be looking for in the future.Twenty years ago, Destin was a sleepy little fishing village that calls itself the "Worlds Luckiest Fishing Village". In addition to sugar white beaches, the area has great fishing and emerald colored waters that actually rival some spots in the Caribbean for water clarity. But twenty years ago, very few people wanted to live in Destin and only a small number of tourists wanted to visit the area.
Boy has that changed.In 1993, there was a major event that, in many people's opinion, changed the course of Destin forever. This was the opening of a major bridge into Destin that now provided easy access to tourists. Today, only 12 years after that event, Destin is a huge international tourist destination with multi-million dollar beach condos, Lear jets depositing visitors for the weekend, and a wide array of dining and shopping that rivals many upscale areas. Not too bad for a bunch of people that were affectionately called "fishheads". So looking back, how could the individual investor have made smart moves in Destin?.
Suppose you put on your investor hat and you came down to visit in 1993 right after the mid-bay bridge was constructed. You would have seen "A great beach and fishing location; "An expanding offering of hotels and condos;"Have realized that it was very unlikely for this area to drop in price due to the ever increasing demand for waterfront and nice vacation spots.At that stage, somebody with a little bit of foresight could have made a longer term investment and planned on holding for 10 years. This longer term approach might not be your style, however.Fortunately, you really did not have to really be that smart. Supposed you decided that Destin was likely to be an EMERGING area but you just didn't know when. You would have seen both price and volume of sales start to shoot up in the middle of 2002.
When this BUY signal occurred, you would have found that you could have purchased many types of properties that would easily rent out and cover your expenses; i.e., there was a safety net for you. At that point in time, it was absolutely obvious to EVERYONE here that Destin was a major tourist destination that was not going to go away anytime soon.As time went on, you would have seen the price and volume of sales continue. Looking at the figure below, you would have seen the year-to-year % change in price and the year-to-year % change in volume continue skyward until around December, 2004. After this time, the prices kept going up but not as aggressively. Also, you can see that the rate of change of volume has been dropping over the last 6 months which is a sign that things are definitely cooling off in this local market.
To me, that chart speaks volumes. It says there was a great opportunity to get in and there has been plenty of time to get out. However, it also tells me that I probably don't want to invest in Destin right now even though in the longer term, I think Destin will do just fine. For my taste, I would rather find the next EMERGING market rather than one that has already EMERGED..
Dr. Chris Anderson is a co-founder of www.GetPreconstructionDeals.com and is referenced in many venues including the New York Times and USA Today. Download his free, 30+ page preconstruction investing ebook today at <u>Get Preconstruction e-Book </u>.Bikini Boot Camp – Get Set to Sweat Beach Style
Charleston, SC (ContentDesk) June 29, 2006 -- The Women's Retreat & Bikini Boot Camp is heading straight to the beach. Palm Beach, FL will be the new home for this fitness packed health getaway. No bikini necessary for this 6 night boot camp adventure. The focus is fitness and wellness with a wide variety of active classes including martial cardio blast which is a combination of cardio mix with martial arts influence, bikini boot camp sessions, yoga, best abs ever , nutrition, stress reduction, massage and more. Margot Rutigliano, founder of Bella Vita Retreat, felt it was time to take Bikini Boot Camp straight to the beach.
Partnering with an oceanfront boutique hotel, guests will enjoy the hard hitting fitness blast along with the amenities of a small resort. With a setting fit for queens, working out will be easy with a backdrop of the ocean and a private beach.
This is the perfect way to shape up, get motivated and have some fun in the sun all at the same time,...
Beach > Bikini Boot Camp – Get Set to Sweat Beach Style
Frank Crivello, Managing Member, Eastern Coast Management Announces Sale of Multi-Family Properties in Riviera Beach, Florida
Cape Canaveral, Florida (ContentDesk) September 15, 2005 -- NNN Group, Inc., www.nnn.net, ("NNN") and Frank Crivello, Managing Member, Eastern Coast Management, LLC ("ECM"), www.ecmgt.net, announced that ECM sold to Riviera Beach Equities, LLC its three multi-family properties located on the new Boulevard entering Riviera Beach Marina, Riviera Beach, Florida. ECM Managing Member Frank P. Crivello stated: "We acquired this land near the center of the massive redevelopment project for the City of Riviera Beach, Florida a little over a year ago. As Riviera Beach has now hired a master developer, investor interest in the area is high. Our affiliate has additional land nearby we will sell as well."ECM Executive Vice President Frank Orlando stated: "We received several unsolicited proposals for the land.
Riviera Beach Equities, LLC stepped up and move quickly to close the transaction...
Frank Crivello, Managing Member, Eastern Coast Management Announces Sale of Multi-Family Properties in Riviera Beach, Florida
Beach > Frank Crivello, Managing Member, Eastern Coast Management Announces Sale of Multi-Family Properties in Riviera Beach, Florida
Vertical Truth ? Surfing Vero Beach, Florida
Vertical Truth ? Surfing Vero Beach, FloridaRead Jetsetters Magazine at www.jetsettersmagazine.comRead Jetsetters Magazine at www.jetsettersmagazine.comTo read this entire feature FREE with photos cut and paste this link:http://jetsettersmagazine.com/archive/jetezine/sports02/surfing/cflorida/lou.html"You gotta want to do it ?you have got to want to SURF!"These words come from Lou Maresca as I sit listening in a pavilion at Fort Pierce State Recreation Area just south of Vero Beach, Florida. I had come to write an article on his school and attend a session of classes and I have to admit I had not really given the issue all that much thought. I mean, after all, how hard can it be?Well, I'll tell you what - it ain't easy! But if you are aged 7 to 70 and in relatively decent shape, Lou and his crew will teach you how to surf. They claim a success rate of 95% and I believe them, having seen as much with my own eyes. Lou pioneered East Coast surf schools some years ago, works out of a beautiful...
Vertical Truth ? Surfing Vero Beach, Florida
Beach > Vertical Truth ? Surfing Vero Beach, Florida
Boutique Announces Official Advisory Committee
Newport Beach, CA (ContentDesk) September 26, 2005 -- Boutique, a Preferred Hotel Group Partner, is honored to announce the formation of an Official Advisory Committee. The four inaugural members, Brendan Carlin, General Manager of The Mosaic in Beverly Hills, Micarl Hill, General Manager of Clayton-on-the-Park in St. Louis, Ali Khoja, General Manager of the SoHo Metropolitan in Toronto, and Jeff Lehman, General Manager of The National in Miami, bring extensive hospitality experience to the Boutique organization. All four properties are members of Preferred Hotels & Resorts. Lindsey Ueberroth, Managing Director of Boutique, says, "As a new brand within Preferred Hotel Group, we felt there was a tremendous opportunity for us to tap into our hoteliers' great wealth of knowledge.
We feel these four gentlemen bring something truly special to Boutique, especially in the areas of marketing strategy and member development." The current members bring invaluable skills and acclaimed experience...
Boutique Announces Official Advisory Committee
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Club Deep Celebrates 8 Year Anniversary Party on South Beach
South Beach, Miami, Fl (ContentDesk) November 16, 2005 -- Club Deep Miami Beachs premier and longest running nightclub announces the 8 Year Anniversary Party on Friday November 25th. Club Deep has been featured on many music videos, Travel Channel, Wild On, MTV, BET, Blind Date, Elimidate and also featured on the cover of Night Club & Bar Magazine and in Club Systems Magazine.Club Deep promises this party to be one of the sexiest and hottest parties on South Beach, hosted by Power 96 Ivy and Rob-N. and co-hosted by Adam Barish. Many celebrity guest invites include. NFL, NBA, MLB, Models, Adult Stars and TV and Music Video celebrities.The party will start at 10pm and in honor of our 8 years.
Everyone will be drinking Free for the first 96 minutes of the broadcast (10-11:36pm)and Hor d oeuvres from 10-11 p.m.The party will go on until 5am with the best DJ's spinning Funk, Hip Hop, R&B, Reggae and Latin music. Advance VIP Table reservation and get $100 Bottle specials until 1 a...
Club Deep Celebrates 8 Year Anniversary Party on South Beach
Beach > Club Deep Celebrates 8 Year Anniversary Party on South Beach
Vacation Destinations
Many times, when we plan a vacation, we know where we want to go. But, perhaps you don't have a specific place in mind and are looking for some vacation destinations to choose from. The first order of business is to decide your budget. Yes, you'll have to number crunch and find out how much you want to spend. From there, finding vacation destinations is simple.Perhaps you are looking for information on some of the big name vacation destinations such as Disney World, Las Vegas, or the Bahamas? Finding information on these vacation destinations is simple as it is everywhere you look.
Or, perhaps you want a specific kind of vacation like a tropical island, a beach, or a ski resort? There are exotic vacation destinations and family oriented vacation destinations. The sky is the limit.To find information regarding different vacation destinations, it is no longer necessary to visit the travel agent or even the library. There is a wealth of information right on the internet that you...
Vacation Destinations
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Bikini Boot Camp – Get Set to Sweat Beach Style
Charleston, SC (ContentDesk) June 29, 2006 -- The Women's Retreat & Bikini Boot Camp is heading straight to the beach. Palm Beach, FL will be the new home for this fitness packed health getaway. No bikini necessary for this 6 night boot camp adventure. The focus is fitness and wellness with a wide variety of active classes including martial cardio blast which is a combination of cardio mix with martial arts influence, bikini boot camp sessions, yoga, best abs ever , nutrition, stress reduction, massage and more. Margot Rutigliano, founder of Bella Vita Retreat, felt it was time to take Bikini Boot Camp straight to the beach.
Partnering with an oceanfront boutique hotel, guests will enjoy the hard hitting fitness blast along with the amenities of a small resort. With a setting fit for queens, working out will be easy with a backdrop of the ocean and a private beach.
This is the perfect way to shape up, get motivated and have some fun in the sun all at the same time,...
Beach > Bikini Boot Camp – Get Set to Sweat Beach Style
Safe Splashing: Basic Water Safety for Families
One of the best things about summer is enjoying outdoor activities with your family. Adding water to those activities increases the fun, but it increases the danger, too. Fortunately, you and your family can safely enjoy your time at the pool, lake and beach if you practice some basic rules of water safety.Experts from the American Red Cross remind you to follow these safety tips to protect your family and keep them safe in or around the water:1. Learn to swim and swim well. One of the best things anyone can do to stay safe in and around the water is learn to swim.
No one, including adults, should ever swim alone. Adults should practice "reach supervision" which means to be within arm's length of a child in case an emergency occurs.2. Outfit everyone with the proper gear. Kids -- and even adults -- who are not strong swimmers should use U.S. Coast Guard approved personal flotation devices (PFDs) whenever they are in or around the water.
This lifesaving lightweight plastic...
Safe Splashing: Basic Water Safety for Families
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High-Tech Solutions for the Consumer: Is This the Future?
Off the rack may be out in the future, not just for clothing, but for cars, homes, and even medical treatments.
The development of computer technology and Internet communications has created a new kind of industry: designer options for the consumer ranging from fashion to pharmaceuticals. Already, shoppers can log onto one of any number of websites, plug in a few measurements, and order a pair of jeans, a dress, or a pair of shoes created...
Beach > High-Tech Solutions for the Consumer: Is This the Future?
Beach Destin Florida Triples In 3 Years
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Summer Storm Season Tip: Know Your True Flood Risk!
West Palm Beach, FL (ContentDesk) June 18, 2004 -- Flood Zone Correction, Inc., the nation's first flood zone correction company, urges all property owners to know their true flood risk and to ensure that their properties are properly zoned, given the most recent prediction of 14 tropical storm events during the 2004 summer season."Many who may be at risk for flood and don't have flood insurance take a dangerous gamble. On the other hand, many throughout the country have been forced to buy high...
Beach Destin Florida Triples In 3 Years Summer Storm Season Tip: Know Your True Flood Risk!
Beach > Summer Storm Season Tip: Know Your True Flood Risk!