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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