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
Resale of Detached Single Family homes remain stagnant. Why buy used when you can buy new for less and get a home warranty?
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
