Quiet Tropics

Gary Gnu

To quote Gary Gnu from the Muppets, “No gnus, is good gnus”.  I am happy to report there there are no tropical cyclones active in the Atlantic Basin at this time.  It’s about time.

People all across Texas, Louisiana, and the midwest are still trying to clean up from Ike.  Thousands of people from the Houston are still in shelters.  Others are still waiting for food, water, and electricity.  Galveston is trying to clean up and assess the damage.  It will be some time.  Officials think it will be months before the city reopens as the main gas and electric lines to the island were severely damaged.  They are also warning of mosquito borne illnesses.  “Galveston can no longer safely accommodate its population,” City Manager Steve LeBlanc said. “Quite frankly, we are reaching a health crisis for people who remain on the island.”

Ike’s effects have been far reaching.  In the midwest, there has been major flash flooding.  Where we grew up in Northwest Indiana is suffering badly.  They had received a lot of rain and then when Ike’s reminants came through it was just too much.   Several hospitals, schools, and churches are under water.  Bryan’s parents churc has about 6 feet of water.  The high schools fooIt’s sad because those people don’t have flood insurance as this is extremely abnormal for that area.

For us locally, things are pretty good.  The waters have receded and the beach seems ok.  According to the paper this morning, there is still a threat of rip currents.  It looks as if there is still a red flag flying this morning.

See Me on TV!

Former Panama City Beach Mayor Lee Sullivan has been gracious enough to invite me on his weekly News View Show aired on WPGX every weekday evening at 9 pm.

Last Tuesday he had the current Panama City Beach Mayor, Gayle Oberst, on the show discussing beach tourism, the local economy, the TDC efforts, and the bed tax, just to name a few.

Today, when I’m on, we’ll be discussing all the fun stuff we cover on pcbdaily.com.

Be sure to join us for 30 minutes of fun and “attitude”!

Again, it airs at 9 pm on WPGX.  I have Dish Network so the channel for me is 28.  I hope you get a chance to see it, and hopefully I won’t look like a fool!

Pier Park Gearing up for Winter

Talking with Felecia Cook, Pier Park’s marketing director, a few weeks ago, I had inquired as to what they were doing to keep ‘the park’ active during the off-season.  “We have tons of stuff planned, we will be very active all winter.”

Below is the schedule of events so far planned.

2008- 2009 COMMUNITY EVENT PLAN:

September

  • Sept. 20th- Tiles in the Park- Over 300 tiles will be installed in the C building area from local children who painted them with the Visual Arts Center and the Boys and Girls Club
  • Sept. 20th – Fire Flies and Kites in the Park- an art activity creating Fire Flies and kites for children with the Visual Arts Center
  • Sept. 24th through 28th- Thunder Beach- Pier Park to host bike show on property
  • All Month- Comcast Presents On-stage at Pier Park- Local singing, acting, instrumentals, dancing groups to perform at Pier Park

October

  • All Month- Oktoberfest at Pier Park – A fall celebration for families, hosted by Hofbrau Beer Garden
  • Oct. 3rd- Breast Cancer Awareness Ribbon Hanging- Ribbon Celebration in combination with Vera Bradley and Irene & Co. we will be hanging large pink bows on the palm trees in the promo area and Irene & Co. will add ribbons purchased by those donating to the fund.
    Breast Cancer Awareness to be celebrated all month
  • Oct. 3rd, 4th & 5th- Super Boat National Championship Boat Show- Power boats parked for display on our property
  • Oct. 4th- Bay Medical Sweeny Todd Blood Drive- Mobile blood center set up for donations in front of Blender Clothing/ Radio remote from Wave 100
  • Oct. 4th- Jelly Bean Mobile- Candymaker to host the Jelly Bean Mobile on property for kids
  • Oct. 10th, 11th, & 12th- Seafood, Wine and Jazz Festival at Frank Brown Park- A highlight of the fall season, showcasing arts, crafts, local restaurants, and regionally and nationally renowned musicians performing on two stages during three days, 28th Annual.
  • Oct. 11th – Emerald Coast Triathlon- Pier Park property will be involved.
  • Oct. 17th- Heart Walk- Charity walk through Pier Park for the American Heart Association
  • Oct. 18th- Girls Inc. Half Marathon- Charity marathon beginning and ending at Pier Park
  • Oct. 25th – Kids Festival- Stories, crafts and games for children
  • Oct. 31st- Malloween – Pier Park fall activities such as, costume competitions, crafts, and more.

November

  • Nov. 1st- Ironman Florida Triathlon- Pier Park Property will be involved
  • Nov. 3rd through 8th- Emerald Coast Cruzin – Classic Cars and the 35th Anniversary of American Graffiti.  America Graffiti cast members, parade of cars, car competitions, “50’s Dress Up night, and more. Parade to be held through Pier Park on Wednesday Nov. 5th
  • Nov. 7th- Taste of the Beach – A multi-regional initiative spear-headed by Coastal Vision 3000 to promote this region and brand it as “The Beach”.  Pier Park will represent Bay County by hosting one of the four “Taste of the Beach” events planned to promote this new initiative.
  • Nov. 14th, 15th & 16th- Madonnari – Italian street painting festival hosted by the Visual Arts Center
  • Nov. 28- Black Friday– Stores open at 5am for the busiest shopping day of the year
  • All Month- Food Drive- this will be done to benefit a local food bank

December (Dates to be determined)

  • Holiday Concert Series – All public and private schools, child centers, and churches will be invited to come to Pier Park to sing/ play their holiday cheer.
  • Tree Lighting Ceremony- Pier Park will become the “downtown” of PCB and all holiday activities.
  • Christmas at the Beach Parade- Pier Park Drive will be the focal point of the Holiday Season.
  • Santa at the Beach Photos- Family tradition restored to the beach by inviting Santa and his reindeer to join us at Pier Park.
  • Santa at the Beach Pet Photos- Family tradition restored to the beach by inviting Santa and his reindeer to join us at Pier Park and introduce him to your special family members.
  • Toy Drive- this will be done to benefit a local charity group for bay county.
  • New Year’s Eve Beach Bash- This will be the first of an annual tradition here at Pier Park.

Real Estate Market Conditions on Panama City Beach

August 2008 Report – Panama City Beach

Slightly over 5% of the total Beach inventory for Detached Single Family Homes sold in August, 2008. If all things hold steady, there is slightly over 19 months of inventory on the market. As of Sept 08, 2008 there were 780 DSF listed in the Bay County Association of REALTORS® MLS System for Panama City Beach. Out of the 41 homes that sold in August, 12 were foreclosures, 1 was a short sale and the rest were typical sales. The foreclosure rate of sales for detached single-family homes on the Beach is slightly under 30% of all the sales for August 2008. Out of the 41 homes, 1 Gulf front home sold, 1 Bay front home sold, and 4 canal front homes sold. The average price per square foot was $173.48, including all 41 homes, however if we nixed the top and bottom 5 the average price per square foot leveled off at $143. The average days on the market for all 41 homes were 236. As of September 08 there are 43 DSF under contract (about 5.5%) and 780 listed.

Slightly over 3% of the total Beach inventory for condominiums sold in August 2008. This indicates a 33 month inventory of condominiums on the Beach and the statistic is basically the same for Gulf front condo’s. As of September 08 there were 1620 total condominium listings, 1106 of which are Gulf front.  Out of the 53 total condominiums that sold in August 2008 only 9 were foreclosures or slightly under 17%. If Gulf front condos were considered alone, all 37 sold for an average of $285.72 per square foot. If all condo’s are taken into consideration, the average price per square foot slips to $246.20. There is no significant difference of average days on the market between Gulf front and non-Gulf front, both being about 166 days. As of September 08 there are 83 condos under contract out of 1620, or slightly over 5%, and out of that there are 43 Gulf front out of 1106 listed, a bit less than 4%.

About 6.5% of the total Beach inventory for Multi Family Homes sold in August 2008, leaving approximately 15 months of inventory listed. There are 62 active listings, four of which sold in August. Of the four, one was a foreclosure (25%). Two of the four units were very old and in disrepair. This should be considered when acknowledging the average price per square foot at $74.32. There is only 1 unit currently under contract and the average days on market is 134.

About 3.5% of Attached Family Homes sold in August for a total of 10 sales out of 279 listings. There were no foreclosures involved and the average days on the market was nearly a year– 341 days. The average price per square foot was $138.80. There are currently 19 units under contract.

Sold Listed Avg DOM Avg $/sf Mos of Invtry Absbptn Rt Forclosure Undr Cntrct
DSF – August 2008
41 780 236 143 19 5% 30% 43
Condo – August 2008 (All)
53 1620 166 246 33 3% 17% 33
Condo – August 2008 (Gulf Front)
37 1106 166 286 33 3% 0 43
Multi-Family – Beach
4 62 134 74.32 15 6.5% 25% 1
Attached Single Family – Beach
10 279 341 138.8 28.5 3.5% 0 19

There are some things to keep in mind. The average days on market for a property to sell is based upon a selling price that is competitive with the average sale price per square foot of the units that have sold. One must even fine tune it further because the average sales price per square foot that sold ought to be more tailor fit for a particular property based on age, condition, and location.

Buyers should note that there are far more seller- sold deals moving in this market than there are foreclosures. It would be foolish to simply look at foreclosures as de facto, the best deal of all. Many sellers are equally or perhaps more motivated than many of the banks that own property.

All of us need to realize that there is simply far too much inventory on the market and both REALTORS® and sellers would do the market a favor if they could pull inventory that is simply overpriced. The only way value will build again is when the absorption rate improves and inventory decreases. If you’re overpriced now you have very little chance of moving your property. In this market, one should sell only if one must, it is not a wise time to sell if it is discretionary. Buyers should be strongly encouraged by these market conditions to buy.

Guessing the bottom of the real estate market is like guessing the bottom of the stock market. We have been in a three year price correction. Our airport is well underway, we have had major improvements, businesses have come to our area, our property taxes have been lowered, Lord willing we will escape hurricane season with little damage, our election cycle will be soon over, the dollar is beginning to strengthen once again, even insurance rates have been eased in most cases, interest rates are near historical lows and the war is seeming a bit more victorious than defeatist in the most recent months.

All these positives must weigh in against the challenges that we have faced both locally and nationally and we all hope, with good reason, that in fairly short order the momentum will shift and affect our market positively.   (The statistics provided above were all true as of September 08, 2008 and were the product of the Bay County Association of REALTORS® MLS System.)

Scott Seidler GRI
Broker-Associate
Prudential   Shimmering Sands Realty
850-774-5007
ScottAndSonjaRealEstate.com

Gas Gouging – RIP OFF

So, yesterday, on the way out of town, my wife and I filled up for $3.63 a gallon.  That is a stupid high price (I refuse to be conditioned!), but that’s where we are, right?  $100 a barrel.

Well, in light of the current situation in the Gulf with hurricane Ike and all, the supply of gas in our area has temporarily been affected.  This morning we drove around to a few gas stations and the ones that still had gas left were priced at $3.95/gallon for regular.  Thinking it was insane to see the price jump 33 cents overnight just because of a little supply problem, we decided to keep looking.  I refused to pay $3.95 a gallon, just on principle.

Well, our trusty Tom Thumb gas stations, as usual, can be relied upon.  Out of the two that I went to, one was out of gas, but the other was still priced at $3.63 a gallon.  I could have kissed the manager for being honest when others were being greedy.

Ike Makes Landfall

Ike RadarHurricane Ike made landfall at Galveston, Texas at 2:10 a.m. this morning.  Maximum sustained winds were 110 miles per hour, just one mph less than a Category 3 strom.  High surge, wind, heavy rains, tornadoes, widespread flooding, massive power outages, and fires were the main news stories overnight.

As many as 1200 calls for rescue were received from people who did not evacuate.  Most were told they would have to wait until conditions improved.  Officials are trying to get out to complete rescues, as well as, to assess the damage.  Of particular concern is the status of the oil and chemical plants, and the skyscrapers in downtown Houston.

As you can see from radar, Ike is still dealing a heavy punch to the area this morning.  As of the 8:00 a.m. CDT advisory, it was a Category 1 storm with maximum sustained winds near 90 mph.  Additional weakening is expected throughout the day, but Ike could remain a hurricane into this afternoon.  Hurricane force winds extend out 125 miles, with tropical storm force up to 260 miles.  Although not as powerful of a storm, Ike had a larger wind field than Katrina.

Ike will be making a turn to the northeast sometime later today.  This will take the storm to areas of the midwest that are already soaked from heavy rains due to a stalled front.  Ike will meet up with a cold front and bring additional heavy rains.

Obviously, all of the TV news stations will be bringing more information and videos as it becomes available.  This will be my last report on Ike.  Thank you for reading.

Bike Week on Panama City Beach

Many of you know already, but some friends of mine started a full-fledged events planning company and invited me along.  Tropic Thunder Events consists of experts from many fields combined with one love – to boost tourism in Panama City Beach by providing awesome things to do.

With myriad events in the works including a classic car show, classic car auction, BBQ Cook-Off and a motorcycle event that will happen in 2 short weeks, we are looking forward to doing our part to boost tourism on Panama City Beach.

Ok, so about the Bike Week.  Others in the area have done a phenomenal job in the past of bringing tens of  thousands of people to the beach during some of the slowest weekends of the season.  Tropic Thunder Events’ goal is to help encourage even more people to come to the World’s Most Beautiful Beaches on some of these slow weekends by hosting events that will attract people to our area.  Bike Week has traditionally been one of those events.  This year, Tropic Thunder Events introduces its own Bike Week during the week of September 25-28. With the addition of five Unofficial Tropic Thunder Events Venues including Club La Vela, Mellow Mushroom, Dirty Dicks Crab House, and all of the Ms. Newby’s locations, the biker party is sure to be enormous.  With our increased marketing efforts, this year’s Bike Week will be the biggest Panama City Beach has ever seen.

Click here for a schedule of events at all our venues!

In October, Tropic Thunder will host the Southeastern BBQ Fest Cook-Off Competition.  This will be a professionally sanctioned and judged event of the Florida Barbecue Association.  This event is one of only 18 annual competitions sanctioned by the Florida Barbeque Association in the USA.  The event will take place at Frank Brown Park on October 24-26, 2008.

Tropic Thunder Events has teamed up with the Emerald Coast Cruizin group to bring the second annual Big Boys Toys Classic Car Auction at Frank Brown Park.  The auction will be the same weekend as the colossal Emerald Coast Cruizin Classic Car Show, that Tropic Thunder, of course, will also be promoting.  The 2007 Car Auction was a huge success with hundreds of cars sold and thousands in attendance.

Emerald Coast Cruizin’s Classic Car Show, to take place at Frank Brown Park, will feature thousands of classic hot rods from all over the US and Canada.  With over 100 top-name vendors, there is sure to be plenty to see and buy.  Scheduled is a 30 mile “Beach Cruise”, events ranging from live music to a parade, and much, much more.  For details, visit www.EmeraldCoastCruizin.com.

For more information about Tropic Thunder Events, visit www.TropicThunderEvents.com. Also, if you are a vendor, we still have vendor positions available, give us a call at 877-448-7674 to secure your position!

Oh yea, and the legalese, in case you haven’t figured this out yet:

Tropic Thunder Events, Inc. is not affiliated in any way with Thunder Beach Motorcycle Rally.

Waiting for Ike

Ike

Residents along the upper-Coast of Texas and western Louisiana can’t do much more but finish preparations and wait for the worst part of Ike.  Ike remains a large storm with hurricane force winds extending out 120 miles and tropical storm force winds up to 275 miles.

They are already starting to feel the effects.  Water levels, winds, and waves are on the rise.  As much as 20 foot of storm surge along with large and battering waves are expected.   Waves and water are already covering roadways, even though landfall is still approximately 12 hours away.  Southwest Louisiana already has a storm surge of over 9 ft; over 6 ft. in Galveston.  The buoy 22 NM east of Galveston is recording 19 ft. waves.

In the local area, things are still trying to calm and are getting better as time goes by.  Things should be back to normal by the weekend.

Other Ike Pics:  Here are some photos that were sent to me by Jan Nonog.   Jan wrote, “These were taken yesterday evening around 4.30pm to 5 at Tyndall AFB Beach. The whole beach was flooded right back to the boardwalk, normally it takes 2 or 3 minutes to walk to the water from there.”  Thank you Jan for sharing!!


Dude, a Bay County Poker Run

Bay County to host Poker Run

Bay County employees will host a Poker Run Saturday, Sept. 13 to benefit the county’s Habitat for Humanity project.

While a healthy turnout of motorcyclists is anticipated, all vehicles are welcome in an event that will lead participants on a trek to sites throughout the county. At each site, the rider collects a card until a five-card hand is gathered.

Registration for the Poker Run starts at 9 a.m. at the Sandpiper Beacon Beach Resort, and the event runs from 10  a.m. to 4 p.m. Stops along the way include Mulligan’s Sports Bar & Grille in Panama City, Ruby Rumrunners at Mexico Beach, Granny’s Hideaway in Wewahitchka, and the event ends with live music, games, food and prizes at H.G. Harders Recreation Complex.

The cost is $10 per rider and additional hands cost $5. Players can purchase a redraw for $5.

For more information, please call Valerie Lovett at 784-6198.

Legendary Surfer Shaun Tomson in Panama City Beach

Tomson to Attend Special Showing of Award-Winning
Surfing Documentary ‘Bustin’ Down the Door’

PANAMA CITY BEACH, Fla. (Sept. 10, 2008) — World champion surfer, Shaun Tomson, will be in Panama City Beach, Fla. to attend the showing of “Bustin’ Down the Door” – an award-winning documentary about a pivotal period in the history of surfing.  A hit at the Santa Barbara Film Festival, the film documents the rise of surfing as a professional sport.

“Bustin’ Down the Door” will have a special showing in Panama City Beach,  Mon., Sept. 15, 7:30 p.m., at the Grand 16 Theater, located at 500 South Pier Park, Panama City Beach, FL 32413. Tomson, the film’s co-producer, will introduce the film and head a question-and-answer session.  Fans attending the showing will be able to get free posters autographed by Tomson.

The film will air in select locations throughout Florida in advance of the Surf Expo, taking place in Orlando, Sept. 10-14.

Narrated by Edward Norton, the acclaimed film takes a look at a dramatic moment in history, during the winter of 1975 in Hawaii, when a group of young South African and Australian surfers sacrificed everything for a dream and changed the sport of surfing forever.

“Bustin’ Down The Door” chronicles a tumultuous two-year period of competitive and cultural clashes in the mid-1970’s in the surfing Mecca of Hawaii’s North Shore of Oahu where a crew of six surfers from Australia and South Africa arrive and set out to change the world of surfing.  Framed around the emerging careers of former professional surfers and world champions Shaun Tomson, Wayne “Rabbit” Bartholomew and Mark Richards, the film documents how these young men risked everything to become the world’s best surfers.  Viewers will see how their determination and vision began a cultural revolution that led to the birth of professional surfing and ultimately to today’s billion-dollar surfing industry.

As a competitor, Tomson’s consistency and longevity marked one of the most prolific careers in professional surfing. He became South Africa’s most successful surfer, winning the country’s largest event, the Gunston 500, six times in a row and taking the World Title in 1977.  Tomson has been called the greatest tube rider of all time and was named as one of the 25 most influential surfers of the century (Surfer, 1999) and one of the 16 greatest surfers of all time (Surfing, 2004).

Australian Mark Richards redefined the limits of performance surfing on the North Shore of Hawaii.  In 1976, he won the richest event on the fledgling IPS professional tour, the Coke Surfabout in Sydney.  Richards began shaping his own boards that year and developed a revolutionary, short, winged swallow twin-fin design that perfectly suited his particular style.  His swooping turns earned him the nickname “The Wounded Gull.” By 1979, with the twin-fin perfected, he won the World Title and for four consecutive years dominated the World Tour, winning in every type of surf. Today, Richards is considered one of the world’s best and most innovative surfboard shapers.

Wayne ‘Rabbit’ Bartholomew burst onto the international scene in the winter of 1975.   Professional surfing was still just a dream back then, but Bartholomew had the vision and the attitude to make it a reality.  His article “Bustin’ Down the Door,” published in Surfer Magazine in 1976, is the inspiration for the film.  Bartholomew was crowned World Champion in 1978 and remained in the Top Five for seven consecutive years.

Directed by Jeremy Gosch, and produced by Shaun Tomson, Monika Gosch and Robert Traill, the film, was shot on the North Shore of Oahu, Hawaii and features iconic surf footage from the best of the mid-1970’s films as well as a period soundtrack that includes music artists Iggy Pop, David Bowie, and Leonard Cohen.  Included among the many notable surfers and pros interviewed for the documentary are: Ian Cairns, Peter Townend, Michael Tomson, Tom Curren, Kelly Slater, Rob Machado, Barry Kanaiaupuni and “Fast Eddie” Rothman.

For more information about the film and to view the trailer visit http://www.bustindownthedoor.com.