Florida’s existing home, condo sales up at year end 2009

by Murray Balkcom

dreamBIGproperties.com

Earlier today, the Florida Association of Realtors released sales data for 2009.  For those of you who regularly read my data analysis regarding real estate sales in South Walton, you won’t find it surprising that sales (quantity) are up throughout Florida for the year of 2009. This is attributed, at least in part, to lower median selling prices, stemming from many bank-owned sales and short sales.

Exert from article:

“… Existing home sales rose 31 percent at year’s end, with a total of 163,148 homes sold statewide compared to 124,168 homes sold at year end 2008, according to Florida Realtors. Existing home sales activity at the end of 2009 also was 25.6 percent higher than the 2007 statewide sales level, records show. Statewide sales of existing condos increased 47 percent at year end 2009 compared to year end 2008’s sales figure; it was 33.7 percent higher than the year end 2007 statewide existing condo sales….”

To continue reading the article from Florida Association of Realtors, click here.

It sure seems like January 2010 has been busy, and I’ve seen many more of the higher priced homes going under contract rather quickly when priced right. 2010 should be an exciting year for many buyers,  though it will be interesting to see if buyers slow down a bit if the interest rates increase as expected.

Murray Balkcom is a Realtor with The Premier Property Group, specializing in residential real estate sales in Rosemary Beach, Seacrest Beach, Alys Beach, WaterSound, Seagrove Beach, Seaside, WaterColor, Grayton Beach, Blue Mountain Beach, Dune Allen Beach, and Pt Washington.

To keep a pulse on the latest news in real estate for South Walton, please register at www.dreamBIGproperties.com

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