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.