In the month of December Total Single Family Home sales were up 16.83% over December 2011. For the year, Home Sales were up by 20,56% for the year. To top this news, NEW HOME SALES were up 41.48% for the year and this is great news for our local economy. Home building and related services feed the employment numbers in the County.
In the condo/townhome category for the month of December sales were slightly down by 6.19% as compared with December of 2010. However, for the year sales wer considerably up by years’ end by 35.55% over 2010. Condos became more affordable and easier to finance in 2011.
Residential Lot Sales ( and they are not making any more of it) were up by 16.17% ending the year over sales in 2010.
In the category of distressed homes, we are seeing a decline of how many are available now. For the entire year they were still up by 5.41%, but in the month of December we saw a huge slowdown of foreclosures entering the marketplace. They were down by 48.18%.
If you are looking to buy, you still have time. Steady inventory levels, good prices, and terrific properties.
I work as your Destin’s Buyer’s Representative ~ Kelly Klein, Lifeguard Real Estate, Inc. ~ 850-420-2480