June saw a slight gain in the total number of home sales in Walton County over same period last year with a 15% increase year to date.
Condo sales remained weaker with only a slight gain of 4.95%. Financing for condos continue to be an obstacle for most buyers. Condo purchases require 25% down cash.
Residential Lots fell 13.75% over same period last year.
Foreclosures and Lis Pendens fell a great deal.
Summary: Inventory is beginning to decrease and slight increases are beginning to occur especially in the area of home prices.
If you are looking to buy in Miramar Beach, Santa Rosa Beach, Seaside, Watercolor, Seagrove, Seacrest, Pt. Washington, Rosemary Beach, or Inlet Beach, please do not hesitate to call me on my “shell phone” at 850-420-2480.
Kelly Klein, Lifeguard Real Estate, Inc.