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Posted 06-19-2009 at 06:09 PM by murray (Murray's Blog)
Updated 06-19-2009 at 06:18 PM by murray
Whether you are looking to buy, or sell, real estate, you need a knowledgeable Realtor who knows the local market, but who also keeps a pulse on the market. What’s selling? What’s not selling? When you decide to work with a Realtor, I sincerely hope that you will select me to assist you with your real estate needs. I build my business, one customer at a time.
Stats:
61 Sales
29% Cash
Total Sales Volume: $36.1 million
Median Sales Price: $420,000
Average Sale Price as percentage of List Price: 78%
Why is inventory slowly decreasing? — there are more listings selling or expiring, than there are new listings coming on the market. (see attached pdf file for more information) One number to notice is that while the median sold price is $420,000, the withdrawn, expired, and new listing median prices are well above that $420,000 level which is selling. If you are selling, it would make sense to know what is selling, and get close with your asking price, otherwise, your listing is likely to expire, unsold.
Looking at the 3-month moving average of median sold prices (black line in the graph above), we see a slight upturn over the last two months, but it doesn’t justify the higher prices of those new listings.
The sales data in my report is primarily compiled from Emerald Coast Association of Realtors and thought to be reliable, but not guaranteed.
If you wish to receive ...
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SoWal Real Estate Expert
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Posted 06-19-2009 at 05:35 PM by murray (Murray's Blog)
Updated 06-19-2009 at 05:44 PM by murray
Whether you are looking to buy, or sell, real estate, you need a knowledgeable Realtor who knows the local market, but who also keeps a pulse on the market. What’s selling? What’s not selling? When you decide to work with a Realtor, I sincerely hope that you will select me to assist you with your real estate needs. I build my business, one customer at a time.
Homes Outpace Other Categories for May 2009
Sales reports for May 2009 show Homes outselling Town Homes, Condos, and Residential Lots for South Walton. The graph above compares April to May, and shows that sales (dollar volume) were off slightly, except for Condos, which have seen five consecutive months of increases in total sales volume. Overall, inventory has continued to decrease slightly for the last two years. Along with that decrease, we have also seen a downward trend in median price over the last 24 months.
See Attached pdf file for graphs and more information
Residential Lots - 75% were Cash Sales
Detached Homes - 29% were Cash Sales
On average, sales price of Homes, Town Homes, and Condos, was 81% of the list price. However, remember that the better-priced property owners are less willing to negotiate because some demand is present. While these better-priced property owners may be a little tighter on their selling price, some of the over-priced property owners are much more willing to negotiate price. Don’t take...
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SoWal Real Estate Expert
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