This home in Yorktown at Willow Bend in Fort Walton Beach Florida just went under contract! A VA Compromise Sale, it received six offers in one day! Why? The price was right, listed at $90,000, and the property was in poor condition. What? Why would a home in poor condition receive six offers in one day? Our current market on the Emerald Coast is thriving. Investors are looking for “handyman special” homes (i.e. “fixer uppers”) to remodel and rent out, or flip – meaning make repairs and re-sell to make a profit. Typical homes in this Yorktown at Willow Bend neighborhood near Eglin Air Force Base sell in the $150’s. The average months of housing supply is about two months, signifying that it would take two months to sell the current inventory at the current rate of sales. That is a “fast” market and is considered a “seller’s market”. There have been ten sales in the Willow Bend neighborhood in the last 180 days. This neighborhood is popular with Eglin Air Force Base service members and investors who rent to them.
If you are considering short sale to avoid foreclosure anywhere on the Emerald Coast, give me a call.
It’s Wendy… It’s Sold!
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call 850-650-7883 ext 204
Email Wendy: [email protected]
Wendy Rulnick, Broker, sells real estate in Destin, Santa Rosa Beach, 30A, Miramar Beach, Seagrove Beach, Watercolor, Sandestin, Seaside, Rosemary Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Florida.