Home sales in South Walton are on the rise with 85 reported sales by Realtors in March 2012, up 18% over February sales. With a median sales price of $380,000, the total home sales reported for March were $47.6 million. Inventory continues to drop to new recent lows. Average selling price per square foot increased 7.2% compared to February home sales. Another interesting factor is the average selling price was 93.7% of the list price, the highest I’ve seen since October 2007. Sellers are pricing their property more in line with the amounts buyers are willing to pay and that leads to sales.
Some comparisons reports for home sales:
WaterColor had 11 sales totaling $11.7 million, with median price of $914,500
Rosemary Beach had 3 sales totaling $3.6 million, with median price of $700,000
WaterSound had 3 sales totaling $2.7 million, with median price of $600,000
Seaside had 2 sales totaling $6.2 million, with median price of $3,076,250.
If you are considering selling or buying real estate, in South Walton, or know someone who is, please call Murray to help you make a wise decision.
Murray Balkcom is a licensed Realtor with The Premier Property Group, serving South Walton, including the beach neighborhoods of Alys Beach, Rosemary Beach, Seacrest, WaterSound, Seagrove, Seaside, WaterColor, Grayton Beach, Blue Mountain Beach, Santa Rosa Beach, Dune Allen, and Point Washington.
All sales data referenced above is provided by Emerald Coast Association of Realtors and is thought to be accurate but not guaranteed.