October 2009 - South Walton Real Estate Sales Summary
Posted 11-18-2009 at 08:19 PM by murray
Tags condo, home, oct, real estate, townhome
Are You Sleeping While the Train Passes the Station?
by Murray Balkcom, GRI, Realtor
SoWal’s Real Estate Guru
Coldwell Banker United, Realtors
murraybalkcom@yahoo.com
www.dreamBIGproperties.com
Nov 18, 2009
For the last three years, I’ve listened to many people talk about waiting until the real estate market hits bottom before they will purchase. We all know that the bottom is seen only in hindsight, but by watching the market closely and constantly, we can begin to see trends and changes in the market, which might alert us to shifts which we later recognize as peaks or troughs. The charts I created below are not intended to point out a bottom, because we won’t recognize a bottom until we are well off the bottom floor and it is behind us. However, if you look closely at the charts below, you will see a market shift over the last several months.
2009 vs 2008 South Walton Sales - Homes, Condos, Townhomes
I don’t want to throw too much historical data at you, but I will share a bit for context. Looking at the South Walton sales for Homes, Condos, and Townhomes, over the last several years, we see a common trend. Generally, we see an upward trend in sales from Jan through July of each year. Then, from August through December, we see sales decline.
With that background setting the context, it is interesting to note the sales in 2009. In the chart above, don’t just compare 2009 to 2008. Also look at 2009 sales month to month. Since July 2009, we see the total dollar sales volume of Homes, Condos, and Townhomes which sold in South Walton, increase month over month, with October sales dollar volume showing an increase of 42% over July sales, and ...READ MORE HERE
by Murray Balkcom, GRI, Realtor
SoWal’s Real Estate Guru
Coldwell Banker United, Realtors
murraybalkcom@yahoo.com
www.dreamBIGproperties.com
Nov 18, 2009
For the last three years, I’ve listened to many people talk about waiting until the real estate market hits bottom before they will purchase. We all know that the bottom is seen only in hindsight, but by watching the market closely and constantly, we can begin to see trends and changes in the market, which might alert us to shifts which we later recognize as peaks or troughs. The charts I created below are not intended to point out a bottom, because we won’t recognize a bottom until we are well off the bottom floor and it is behind us. However, if you look closely at the charts below, you will see a market shift over the last several months.
2009 vs 2008 South Walton Sales - Homes, Condos, Townhomes
I don’t want to throw too much historical data at you, but I will share a bit for context. Looking at the South Walton sales for Homes, Condos, and Townhomes, over the last several years, we see a common trend. Generally, we see an upward trend in sales from Jan through July of each year. Then, from August through December, we see sales decline.
With that background setting the context, it is interesting to note the sales in 2009. In the chart above, don’t just compare 2009 to 2008. Also look at 2009 sales month to month. Since July 2009, we see the total dollar sales volume of Homes, Condos, and Townhomes which sold in South Walton, increase month over month, with October sales dollar volume showing an increase of 42% over July sales, and ...READ MORE HERE
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Good stuff Murray!Posted 11-18-2009 at 08:42 PM by kurt
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