Sandestin Market Report – January through July 2009
Condos, Detached Single Family, and Attached Single Family
Below is a breakdown of the Year to Date Sales in Sandestin Golf & Beach Resort for Condos, Detached Single Family, and Attached Single Family Residences. July came in second so far this year for number of closings with 20 successful closings!
A breakdown of July sales is as follows:
7 Detached Single Family Homes ranging from $325,000 to $606,500
13 Condos ranging from $85,000 to $890,753
July had a few closings postponed or cancelled but still ended up being a better month compared to July 2008 (with only 13 successfully closings). There are currently 31 properties that are either Contingent or Pending within Sandestin Resort with projected closing dates in August 2009. As of August 05, 2009, there has been one successful closing in Sandestin Resort, a Southwinds Condo for $970,000 (a higher value than any closing in July!).
Condo, Detached Single Family, and Attached Single Family Sales 2009 –
Sandestin Resort
|
Month |
Monthly |
Monthly |
Avg DOM |
% Sold/List |
Current |
|
January |
6 |
$2,772,000 |
194 |
87.39% |
723 |
|
February |
13 |
$5,402,500 |
352 |
87.95% |
710 |
|
March |
12 |
$3,157,750 |
130 |
91.35% |
728 |
|
April |
15 |
$7,030,000 |
380 |
88.65% |
711 |
|
May |
12 |
$6,869,000 |
375 |
80.43% |
720 |
|
June |
23 |
$10,340.600 |
451 |
81.43% |
644 |
|
July |
20 |
$6,546,653 |
222 |
88.0% |
634 |
Monthly Sales – Number of closings on Condos, Detached Single Family, and Attached Single Family residences for month
Monthly Volume – Total Sales Volume of all closings
Avg DOM – The Average Days on the Market
% Sold/List – The Percentage of the actual closing versus the listed price on the property
Current Inventory – The current available Condos, Detached Single Family, and Attached Single Family residences listed for sale
Residential Land
Below is a breakdown of the Year to Date Sales in Sandestin Golf & Beach Resort for Residential Land. Lots have continued to be harder to sell. There have only been 5 lot sales for the entire period. July did not fare well with residential land as there was not a single lot sold during this period. Thinking about building? Check out my blog – Is now a good time to build?
Residential Land Sales 2009 – Sandestin Resort
|
Month |
Monthly |
Monthly |
Avg DOM |
% Sold/List |
Current |
|
January |
0 |
0 |
0 |
0.00% |
83 |
|
February |
0 |
0 |
0 |
0.00% |
81 |
|
March |
1 |
$525,000 |
897 |
65.70% |
81 |
|
April |
1 |
$400,000 |
147 |
80.16% |
86 |
|
May |
1 |
$150,000 |
140 |
50.16% |
87 |
|
June |
2 |
$820,000 |
359 |
82% |
84 |
|
July |
0 |
0 |
0 |
0.00% |
86 |
Monthly Sales – Number of closings on Condos, Detached Single Family, and Attached Single Family residences for month
Monthly Volume – Total Sales Volume of all closings
Avg DOM – The Average Days on the Market
% Sold/List – The Percentage of the actual closing versus the listed price on the property
Current Inventory – The current available Condos, Detached Single Family, and Attached Single Family residences listed for sale
***All information above was obtained from the Emerald Coast Association of Realtors Multiple Listing Service. These numbers do not reflect any sales that occurred without a Real Estate Brokerage or those not entered into the MLS system.
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