December 2009 By the Numbers - South Walton Real Estate Report

December 2009 ended the year stronger than we started 2009!

In comparing closings from December 2007 and 2008, almost the same number of closings occurred in 2009 for detaching single family, condos, and attached single homes as compared to BOTH 2007 and 2008 combined! (2009 = 127 closings, 2008 = 67 closings, 2007 = 71 closings)

Residential land is still experiencing activity with more successful closings. Detached single family homes continue to lead the way.

In South Walton,

there are 370 properties that are either contingent or pending for Detached Single Family, Attached Single Family, and Condos; and
there are 93 residential lots that are either contingent or pending.

For January 2010,

there are currently 100 detached single family, 7 attached single family, and 66 condo properties with contracts projected to close this month; and
residential lots have a nice amount of contracts pending or contingent with expected closing dates for January – 47 lots! Great way to start the year off.
Figures as of January 6, 2010

Let’s Do The Numbers*

Detached Single Family Properties

Number of Closings in December 2009 - 70
Total Sales Volume of all closings for month - $36,770,169
Average Days on Market - 231
Number of Detached Single Family Homes currently for sale in South Walton - 1518

Condos

Number of Closings in December 2009 - 51
Total Sales Volume of all closings for month - $18,465,400
Average Days on Market - 319
Number of Condos currently for sale in South Walton - 1371

Attached Single Family

Number of Closings in December 2009 - 6
Total Sales Volume of all closings for month - $1,560,000
Average Days on Market - 180
Number of Attached Single Family properties currently for sale in South Walton - 180

Residential Land

Number of Closings in December 2009 - 31
Total Sales Volume of all closings for month - $6,304,800
Average Days on Market - 258
Number of Residential Land parcels currently for sale in South Walton - 1559

Most Expensive Sales in South Walton – December 2009

Detached Single Family Homes

$2.75 M – Sandestin Resort
$1.94 M – Inlet Beach
$1.83 M – Rosemary Beach

Condos

$1.85 M – Andante
$1.375 M – Seagrove
$1.03 M – Avalon Dunes

*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.