July Sales Report Okaloosa County, Florida

This report covers all of Okaloosa County.  Okaloosa County is home to cities like Destin, Ft. Walton Beach, Crestview, and Niceville and surrounding areas.  It is a market filled with military men and women stationed at either Eglin or Hurlburt Field operations.

For the month of July there were 305 Total Single Family Homes sold.  This was an increase of 22.49% over last July.  For the year-to-date figure, Okaloosa County is up 17.70% overall.

Condo sales have taken off again as well and there were 99 condos that sold in the month of July.  This compares to only 55 last July.  This sharp increase is due partlyy to lower prices, buyers back in the market for a resort condo, and available financing again.  Overall for the year, condo sales are up 44.16%.

While we have no shortage of lots available for sale, there were 106 of them that sold in the month of July and only 53 that sold in July 2010.  This is a 100% increase in sales.  Lot prices are very low and there are some incredible deals on raw land right now.

What surprised me was the number of new foreclosures that hit the market in July 2011.  There were 81 of them that entered the market.  I have been seeing a doward trend, so this surprised me.  For the year, the number of foreclosures are up 24.70%.  The good news is that the number of new notices of foreclosures or Lis Pendens are down 63.33%. 

As more inventory moves out of the market prices should begin to increase about 1-3% for the remainder of the year.

I can help you with your next purchase in Okaloosa County.  I work strictly on behalf of buyers like yourself and will protect your interests and concerns.  I look forward to hearing from you soon.

Warmly yours,

Kelly Klein, Lifeguard Real Estate, Inc.         850-420-2480           Http://www.KellyKleinSoldMine.com

Destin, Ft. Walton Beach, Crestview, Niceville, Shalimar, Mary Ester

About Kelly Klein

Buyers and Listing specialist. Whether it is a condo, a home, a townhome, a duplex, or a lot, I am here to help. You can find me at http://www.KellyKleinSoldMine.com Broker Associate / Sales Professional Berkshire Hathaway Home Services | Pen Fed Realty
This entry was posted in Real Estate News and tagged , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s