Average price per square foot for Destin FL was $181, an increase of 16.8% compared to the same period last year. The median sales price for homes in Destin FL for Jul 10 to Sep 10 was $240,000 based on 161 home sales. Compared to the same period one year ago, the median home sales price decreased 11.1%, or $30,000, and the number of home sales decreased 30.3%. There are currently 1,700 resale and new homes in Destin on Trulia, including 481 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Destin FL was $642,615 for the week ending Oct 27, which represents a decrease of 0.2%, or $1,067, compared to the prior week.
Information provided by Trulia.com. For more information, contact http://www.destinhomerealtor.com/
Sunday, October 31, 2010
Thursday, October 28, 2010
BP & Causes of the Oil Spill
Dina Cappiello
AP WASHINGTON (Oct. 28) -- Tests performed before the deadly blowout of BP's oil well in the Gulf of Mexico should have raised doubts about the cement used to seal the well, but the company and its cementing contractor used it anyway, investigators with the president's oil spill commission said Thursday.
It's the first finding from the commission looking into the causes of the April 20 explosion that killed 11 workers and led to the largest offshore oil spill in U.S. history. And it appears to conflict with statements made by Halliburton Co., which has said its tests showed the cement mix was stable. The company instead has said BP's well design and operations are responsible for the disaster.
The cement mix's failure to prevent oil and gas from entering the well has been identified by BP and others as one of the causes of the accident.
BP and Halliburton decided to use a foam slurry created by injecting nitrogen into cement to secure the bottom of the well, a decision outside experts have criticized.
The panel says that of four tests done in February and April by Halliburton, only one - the last - showed the mix would hold. But the results of that single successful test were not shared with BP, and may not have reached Halliburton, before the cement was pumped, according to a letter sent to commissioners Thursday by chief investigative counsel Fred H. Bartlit, Jr.
follow on http://www.destinhomerealtor.com/ for latest info and links.
AP WASHINGTON (Oct. 28) -- Tests performed before the deadly blowout of BP's oil well in the Gulf of Mexico should have raised doubts about the cement used to seal the well, but the company and its cementing contractor used it anyway, investigators with the president's oil spill commission said Thursday.
It's the first finding from the commission looking into the causes of the April 20 explosion that killed 11 workers and led to the largest offshore oil spill in U.S. history. And it appears to conflict with statements made by Halliburton Co., which has said its tests showed the cement mix was stable. The company instead has said BP's well design and operations are responsible for the disaster.
The cement mix's failure to prevent oil and gas from entering the well has been identified by BP and others as one of the causes of the accident.
BP and Halliburton decided to use a foam slurry created by injecting nitrogen into cement to secure the bottom of the well, a decision outside experts have criticized.
The panel says that of four tests done in February and April by Halliburton, only one - the last - showed the mix would hold. But the results of that single successful test were not shared with BP, and may not have reached Halliburton, before the cement was pumped, according to a letter sent to commissioners Thursday by chief investigative counsel Fred H. Bartlit, Jr.
follow on http://www.destinhomerealtor.com/ for latest info and links.
Wednesday, October 6, 2010
Gulf Oil Information
Today the British Petroleum Commission charged with exploring what happened that lead to the explosion of the Macondo well deep in the Gulf of Mexico, released its preliminary report. The important conclusion of the report is that the federal government could have done a better job of informing the american public about exactly what was happening and how much oil was being leaked at the outset of the oil leak. Also, the idea that 75% of the oil had disappeared by the end of August was ridiculous. Most people knew right away that this was crazy--it doesn't just disappear!
Let's hope that we get a straight report that we can all believe and that tells us the truth going forward.
Let's hope that we get a straight report that we can all believe and that tells us the truth going forward.
Sunday, October 3, 2010
Navarre, FL Property Values
I cover the Navarre/FortWaltonBeach/Destin/Santa Rosa Beach area, and no one has a crystal ball. With the arrival of more military as part of the Base Realignment, as well as more contract workers to support this growth, I would expect that prices will probably not continue to drop. I showed two homes this morning in Navarre in Holley by the Sea that were priced at 76/sq ft and 85/sq ft. One is under contract and the other one has an offer on it. If it is in decent shape in a decent neighborhood, in this price range, they don't stay on the market very long!! Other than beach property, Holley by the Sea is the most popular location in Navarre, due to the amenities available at a nominal price.
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