MAY 2015
NEWSLETTER WALTON COUNTY REAL ESTATE TRENDS… FACTS , FIGURES AND STAGGERING STATISTICS! WALTON COUNTY…NOW AND WOW! Recently our broker for ResortQuest Real Estate,
and median sales prices in Walton County are
Carmela Bell, had the opportunity to be interviewed
significantly higher compared to the two adjoining
by 30A Review.
The facts and statistics she
counties and over double that of Bay County. At the
uncovered during her research for her interview
close of 2014 gulf-front condos along 30A showed a
were worthy of sharing.
price per square foot increase of 10% and sold an average of 14% faster than the previous year.
Did you know….Walton County was recently recognized as the third fastest growing county in the entire state of Florida?
It’s not
just rapid growth, but thoughtful growth which keeps in mind quality of life and acts as good
While all 3 counties reported a
Walton County Real Estate Update May 2015
stewards of the environment.
sharp decline in short sales, Walton County also reported the largest reduction in the number of short sales decreasing 74% in 2014 compared to 2013. That leaves little to choose from in an already declining inventory.
Cash is king. We have all heard that saying.
Year over year the numbers of single family homes sales increased while condominium sales decreased.
In 2014 the average sales price of a
single family home was up 2% to $562,716 and up 13% for condominiums to $404,073. The average
In the real estate market cash sales can be a useful indicator of the extent to which investors are participating in the market. Investors are far more likely to have available funds to purchase rather than typical home buyers which require financing. During
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NEWSLETTER 2014 cash sales as a percentage of closed sales were
months it will take to deplete the current inventory
41% for single family homes and 47% for
given recent sales rates. It’s an indicator of the state
condominiums.
of the market, whether it’s a buyer’s or seller’s
Residential homes are selling at
approximately 93% of their original list price which
market.
is the highest percentage in the last six years.
County was 9 months.
Where do we anticipate future growth? South of 98 along the 30A corridor prices are up significantly. Researching the market in the top 30A communities of Seacrest, Rosemary Beach, and other similar
During 2014 the average for Walton Compare that to January
and February of 2015 and it dropped to 8.3.
The
months of inventory in April of 2015 dropped to a staggering 4.61 which is the lowest it has been in the past five years.
neighborhoods reflect their prices have increased as
Where are the buyers?
much as 25- 40% in the past two years.
within Florida and also the top four surrounding
What are the market trends? Inventory has decreased significantly.
Active condominium
inventory is 14% less than last year’s average and 38% of the inventory only 5 years ago.
They are coming from
states which are Texas, Tennessee, Georgia and Alabama. Our target demographic is the regional Southeast.
Using
months of inventory is an estimate of the number of
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NEWSLETTER What does this mean for you?
As always, as a
member of The Mary Stephens Team, I am here to help you study the market and develop a strategy for getting your property listed and sold in the fastest possible time frame for the most amount of money. Our proven marketing strategies are timetested and effective to get your home sold and your real estate goals met. Timing can be a critical decision and knowing how to maximize a property
What customers are saying‌. Michele became like family! She totally immersed herself in helping us and was ready to do whatever necessary to get our property prepped and sold. We listed, sold, and closed in less than a month! I would work with Michele again and definitely recommend her to others! Michele
Ocala, FL was a pleasure to work with
when it first hits the market is imperative to hitting
and we found the
the market at just the right time and at the right
perfect unit after a short search.
price.
For a list of the best values on 30a, email me today at ISell30A@gmail.com
Atlanta, GA
When you are in the market to buy, I work diligently
You worked very hard on finding me the right
to make sure we have uncovered the best possible
condo and made the whole process easy on me.
value for your hard-earned dollars to make your
Thanks for everything and I hope that I will be able
home away from home the best possible choice.
to work with you again soon.
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Birmingham, AL 
NEWSLETTER Give me a call today at 850-586-1382 and let me send you a comparative market analysis of your property and discover the value of your investment here at the beach. Let’s get Social: Follow me on Facebook ISell30A Find me on Twitter @isell30a Follow my boards on Pinterest at ISell30a
I LOOK FORWARD TO HEARING FROMYOU!
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