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.