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Posted 07-17-2009 at 12:43 PM by murray (Murray's Blog)
South Walton Real Estate Sales
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,...
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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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