May 2013 S M T W T F S « Dec 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
Buyers Need Representation Too
I specialize as your local buyer's agent
The month of October brought an increase in the number of home sales in Walton County Florida. It is now up 25.71% over 2011 same period. It is incredible to see builders excited again and consumer confidence up. Inventory is down so they have to build new right now. We seem to have an abundance of cash buyers in the area too.
Condos did not fare as well as financing for condos is still tricky and hard to get. The condo market is down 14.15% over the same period in 2011.
Lot sales are abundent with an increase of 75% for the year. Soon that land they are not building any longer will be gone.
I am noticing an increase in the number of Lis Pendens being filed with an increase in Walton County of 25% over same period last year. Perhaps the banks are now letting some of their foreclosures go that they have been holding back over the past year.
Overall, the market is healthy and I see inventory being reduced as prices are holding steady for the sellers. I would call this a stable environment at this time. Don’t wait to buy. You do not want it to be a seller’s market again so hurry with your decisions to own that dream vacation property here along the Panhandle.
I would love to work with you on your next purchase. I work exclusively as a buyer’s represenative and can assist you by saving you time, energy, money, and frustration.
Walton County Florida Sales Report is out for August. Thank goodness it was just not me that felt the drop in sales activity. The entire area had a slight drop over July figures. This can sometimes be attributed to the fact that parents are busy wrapping up the summer and getting their children prepared for school.
Let’s take a look at the numbers:
Total Single Family Home Sales gained slightly in August by almost 20% over same period last year.
However, Condo Sales were way off the mark. They were down 15% from the month of July and down over 20% for the year.
Residential Lots are still selling well. A category that we just can’t make enough of any more. People are here and buying up lots while the prices are still somewhat low. Lot sales are up 90% over same period last year. The prices on lots are going up. In some communities double the prices in January. Keep an eye on this category as rising lot prices will mean higher home prices as we move through this next phase in the real estate market.
Foreclosures are down almost 25% for the year. However, there are 28% more Lis Pendens filed over the same period as last year which means we are not out of this yet. Shadow inventory and more buyers just getting to the point of breaking can never be a good sign.
Buying a home is all about decision making, and you can only make good decisions when you have all the best information that’s available. It also helps to use the services of an experienced professional who can assist you in interpreting all the information, particularly given that there is so much of it – on the Web, in print, everywhere.
One of my specialties as an agent is helping buyers make the most informed decisions they can: decisions based on location, the market, financing, a home’s condition, which “extras” to negotiate for and much more. In addition, I will do a lot of the legwork for you so you save time, money and energy.
So if you’re thinking about buying soon, please contact me anytime. My work won’t cost you any more than if you do it yourself, and I guarantee you’ll like the result.
This comes from my Mortgage Lender, Debbie Parmer Regions Mortgage Mortgage Loan Originator Assistant Vice President NMLS ID#546507 91 Scenic Gulf Drive Miramar Beach, FL 32550 (850) 585-8448 (Cell) (877) 770-0133 (Fax) www.regionsmortgage.com/debbieparmer email@example.com
On this November 6th Election Ballot there will be a vote on Amendment 4. This Amendment will address several property tax inequities here in the State of Florida. It will help the first-time home buyers and attract job-creating business investments. Florida relies heavily on the secondary vacation home property, second homes and investment properties. This Amendment will give them tax relief on these types of properties and will encourage others to invest in Florida.
Please vote YES to Amendment 4 if you are a Florida Registered Voter.
New home sales are up over 98% in Walton County Year-to-Date 2012 over Year-to-Date 2011 figures. DR HORTON has contributed to this increase with 13 new communities in South Walton County alone. To view, go to www.drhorton.com
Walton County does not really have any new condos to offer for sale so this number is almost 70% down over last year’s figure. It makes sense for this to happen. Land is at an all time premium, thus we have been built out for a while here. Condo fees continue to increase at many complexes. This coupled with the fact that you must have 25 to 30% down to qualify for a condo purchase makes buying a condo difficult for many.
Condo resales are down almost 20% Year-to-Date over 2011 figure. Again qualifying for a loan and the complex itself being a healthy complex come into play.
Lots seem to be selling at a record pace this year with an 86% increase over last year’s lot sales. They just don’t make any more land and people are grabbing what they can while it is still available.
If you would like a copy of the complete statistical report, please email me at Kelly@KellyKleinSoldMine.com or call me at 850-420-2480.
Lifeguard Real Estate, Inc.
Broker / Owner