South Walton Real Estate Sales June 2009
Posted 07-17-2009 at 12:43 PM by murray
Tags murray, real estate, sales, summary
South Walton Real Estate Sales
June 2009
June 2009
15% Growth in SoWal Condo Sales for June
Overall, detached homes lead the way in sales in South Walton for the month of June, with an increase in number of sales and total dollar volume over May 2009. The 67 Home sales totaled $40,373,300 for June, with almost $17 million of that being CASH sales, compared to 61 sales in May, totaling $36,108,400. HOWEVER, SoWal condo sales increased at a higher rate, with an increase in total sales dollars of about 15 % over May 2009 sales, coming from 53 sales at $21,050,850 for June, compared to the 41 sales in May totaling $18,109,950.
Six Straight Months of Increased Sales
Each category of sales, including homes, town homes, and condos, saw increases in the number of sales and total sales dollar volume for the month of June, compared to May. Combining those three categories in South Walton, we sold 129 properties, for a total dollar volume of $63,761,350. The median price of sold listings in these three categories combined was $357,500, and on average, it took 256 to sell the properties. Average selling price as a percentage of listing price was 87%. Currently, there are 3403 listings on the market in these three combined types of properties.
Up or Down? It Depends on Your Focus
Comparing year to date sales of the last several years, 2009 sales are down in total dollar volume, but we saw a 11% increase in number of units sold in 2009, compared to 2008 (year to date). As Inventory decreases and median price trends downward, we are seeing increases in the number of transactions. Looking at 2009 alone, we have seen six straight months of total dollar volume increases. So, are we up or down?
The sales data in my report is primarily compiled from Emerald Coast Association of Realtors and thought to be reliable, but not guaranteed.
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