30ashopper

ECAR stats, areas:14,15,16,17,18. Hat tip to Josh for the data.

Sales picking up -





Median and Average sale price declines -







Lowballers paradise -





Average number of days on the market for homes that sold -

chanster

kudo's nice graph

traderx

Thanks 30ashopper. Very nicely done.

It's interesting that no matter whether you view stock graphs or real estate graphs, the line is a series of drunken m's.

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SWGB

That's probably why most people laugh when they read "predictions".

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Miss Kitty

I bet TFT will be drooling over this!

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AAbsolute

Will you explain the difference between the term average sales price and median sales price for me?

SHELLY

AVERAGE SALE PRICE: $625,000 (Sum/# Sold)
MEDIAN SALE PRICE: $200,000 (Number @ mid-point of high and low)

House 1 Sold for $75,000
House 2 Sold for $150,000
House 3 Sold for $200,000
House 4 Sold for $900,000
House 5 Sold for $1,800,000

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Florida State Flower

scooterbug44

Average = sum of all sales/number of sales
Median = middle number of sales (w/ outliers thrown out)

Are they attributing the higher number of sales and lower prices in 2008 to more foreclosures/short sales?

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SHELLY

I'd bet on it--that's where the majority of sales are happening out there....well, that and the folks who plunked down $75K for condoz in the 80s and are selling out for $300K now.

.

__________________
But hey...Top Ramen tastes a whole lot better when you eat it off of a Granite Countertop. (Mr & Mrs Too Much Homebuyer)

Florida State Flower

AAbsolute

30A, Sorry I'm thick this evening. I am having a hard time interpreting Median from the graph as it is expressed in a line more fluid than the dates. Do you have any clarification on what SHELLY and SB proferred?

30ashopper

Median is just a way to get a feel for how prices are fluctuating. Like scooter said, it tends to indicate the most common average price of real estate sold by negating major lows and the major highs. Average can get thrown off by sales that fall way outside the mean. For example if you sold three homes for 200K, and one mansion for 2 million, the average would 650K, but the median would be 200K.

BeachSiO2

To quote my old Master's professor, average doesn't mean anything (sorry math joke). The problem with average is that one or two high or low numbers can skew the statistics. Therefore, median is often another way used to express the measured system. In this example it appears that there are a number of low sales and a couple of outliers on the high side that are not representative of what was actually sold since the average was much higher than the mean. So like in Shelly's example, one $1.8 million property lead to an average of $625,000. However, the market sales also included three out of five that were well below that average.

If average is used scientifically, it is often accompanied by standard deviation which better shows the "spread" of actual numbers around the average.

Now maybe BR will come on here and correct me if I mistyped anything.

chanster

i think whats alittle misleading for the median is thats not representative of 30a for those looking there. i assure you the median price of a home sold on 30-a in 2008 was no were near 300k and probably nearer 600-800k

JoshMclean

Here are the stats for you on 30A. This includes South Santa Rosa Beach and South Walton East.

2006-
Total Sales- 168
Avg Sales Price- $1,360,091
Median Sales Price- $906,765
Inventory- 1000

2007-
Total Sales- 239
Avg Sales Price- $1,277,877
Median Sales Price- $950,000
Inventory- 1106

2008-
Total Sales- 275
Avg Sales Price- $951,607
Median Sales Price- $695,000
Inventory- 1063

TooFarTampa

On this particular day, TFT is doing this. But nice work 30Ashop.

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chanster

thanks josh, wow i'm good as my guess was near right on. i can count on 1 hand any good homes i've seen on 30a under 400k. wow home sales on 30a have almost doubled since 2006. prices althought falling are still very stout. look at beachwood villa condo prices for a laugh. many over 300k asking still and one with 640sq asking 329k




479475
BEACHWOOD VILLAS CONDO
Santa Rosa Beach, Florida
1,028
3
2
$329,000



3799 CO. HWY. 30A , #14B
Courtesy of: RESORTQUEST REAL ESTATE


478507
BEACHWOOD VILLAS CONDO
Santa Rosa Beach, Florida
1,028
3
2
$329,900



3799 CO. HWY. 30A , #10C
Courtesy of: RESORTQUEST REAL ESTATE


423771
BEACHWOOD VILLAS CONDO
Santa Rosa Beach, Florida
640
1
1
$339,000



3799 CO RD 30-A , #1C
Courtesy of: THE SHELTON GROUP


485252
BEACHWOOD VILLAS CONDO
Santa Rosa Beach, Florida
1,028
3
2
$359,000



3799 CO. HWY. 30A , #13C
Courtesy of: RESORTQUEST REAL ESTATE


492973
BEACHWOOD VILLAS CONDO PH 2
Santa Rosa Beach, Florida
1,100
3
2
$379,000



3799 E CTY HWY 30-A , #12D
Courtesy of: THE PREMIER PROPERTY GROUP LLC

traderx

Hey, wait until they become teenagers.

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"It is a mistake to try to look too far ahead. The chain of destiny can only be grasped one link at a time."

--Winston Churchill

traderx

Dead cat bounce maybe?

__________________
"It is a mistake to try to look too far ahead. The chain of destiny can only be grasped one link at a time."

--Winston Churchill

SHELLY

This one is now listed as a short sale @ $275K.

Look out for falling comps...uh, make that falling knives.



.

__________________
But hey...Top Ramen tastes a whole lot better when you eat it off of a Granite Countertop. (Mr & Mrs Too Much Homebuyer)

Florida State Flower

TooFarTampa

So parenting them is like waiting for the downturn to end?

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traderx

I don't really know exactly. Teenage hood is sorta like their opportunity to get even. They do everything they can to try to kill you.

"Hey Dad".

"Yeah".

"I sorta had a wreck".

"Yeah, what else is new?"

How many times can one teen wreck a car?

My marketing ploy when I tried to sell the car...

"It has new air bags"...

__________________
"It is a mistake to try to look too far ahead. The chain of destiny can only be grasped one link at a time."

--Winston Churchill

SWGB

Hello folks, SHELLY just admitted to real estate appreciation.

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murray

Brandon, it really isn't misleading since in the first post, 30Ashopper noted which areas are included (14 - 18). Maybe the confusing part is that it doesn't come with a code for non-Realtors. Area 14, which IS included, is the city of Destin, located in Okaloosa County. Not included, is area 19, which is Pt Washington, the area north of hwy 98, from 331 to Peach Creek area.

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