April Sales Statistics for Walton County, Florida.
Closed sales were up 17.2% over same period last year. It amazes me how many sales in our county are cash buyers. With a Median Price of $450,000, 52% of these sales were cash buyers. Where is all of this cash coming from? I have my theories, but South Walton County attracts a lot of professionals, sports figures, and famous musicians. The average sales price was $758,398. Sellers are holding tighter to the original list price with all sales selling for 96.8% of the list price. It is taking 140 days to sell, but with inventory dropping monthly, this too is changing. We are not a one day market here yet, but I see it coming.
It is my belief that a clean well organized maintained home can sell in less than 5 days in this market. As proof, take a look at the featured photo that sold for $700,000 furnished in just 4 days.
Whether you are buying or selling, please think about hiring an agent who knows the market well and can prepare you for the best possible scenario.