In June, I reported that the quantity of home sales in South Walton were the second highest behind only June 2004. July sales do not disappoint. July brought out more than surf and skim boards to South Walton. July brought out the home buyers!
If you’ve been reading my reports, it will be no surprise to see the quantity of home sales is up more than 100% compared to last July when buyers were waiting to see what happened with the oil spill.
As June brought forth the beginning of hot weather, people escaped to the water to cool off. The weather isn’t the only thing to heat up. Condo sales were up sharply, as were home sales, and hopefully, they won’t be cooling off anytime soon.
Redfish Village in Blue Mountain Beach has burst to life with 17 units sold last month. This photo from five years ago shows the building in RFV where First Note Music Hall just opened.
If you are a regular reader of my column, you may remember me saying to expect incredible headlines this year. Well, “South Walton Condo Sales Up 119%" is just that, an incredible headline. The condo sales in Redfish Village are part of a 119% increase over the same month last year.
Home sales in WaterColor through the end of April are higher than they've ever been! Looking at data from the Emerald Coast Association of Realtors (ECAR), we see that year-to-date home sales in WaterColor have outpaced sales of all other years through the first four months. Eleven of this year’s sales happened in April.
We have more than doubled last year’s numbers, with a growth of more than
113%, and far surpassed our market’s peak year of 2005. According to ECAR, The Premier Property Group was responsible for 37.5% of WaterColor sales this year.
Want to look back in time? This chart shows you the historical quantity of
home sales in South Walton, going back to 1993 through the end of March
2011.
Home sales skyrocketed last month, up 83% compared to the same time last year! According to the Emerald Coast Association of Realtors (ECAR), there were 66 closed sales of detached homes in February.
This number equals February 2004 and is only one sale less than the highest number of sales for February which happened in 2005.
February was hot, and I’m not talking about the temperature. February is typically our slowest month for real estate in SoWal. When we looked at pending sales in January we knew sales would be up if they closed in February.
That turned out to be true. Real estate sales are on the rise and many people are jumping in.
On January 11, I reported that both the number of sales AND the median sold price for homes in Rosemary Beach actually increased in 2010.
That wasn’t the case for the overall market in SoWal. But let's look at some other positive changes. How did real estate sales move in January?
Real estate is local. I don’t care what the market is doing in Alaska, and the people in Alaska don’t care about the Florida market.
Breaking it down further, the real estate market in South Walton has nothing to do with the market in Orlando.
Recently I wrote a summary on home sales in Rosemary Beach.
This week I’ll share data from WaterSound and WaterColor, comparing those annual sales with Rosemary Beach.
Though two of these communities, WaterColor and WaterSound, were developed by St Joe, each of these developments is unique and distinct from the other.
