WaterColor, FL — a perspective of sales

WaterColor, FL – a perspective of sales

by Murray Balkcom, GRI, Realtor
The Premier Property Group

Located near the center of Scenic Hwy 30A in South Walton, the St. Joe development, WaterColor, has some interesting happenings in the way of sales. In the graphs below, we will look at sales of single family detached homes in all phases of WaterColor, which extends from Western Lake, across Scenic Hwy 395 to the Pt Washington State Forest.

As median sales price decreases…

…more buyers buy…

…and in turn, the dollar volume of sales increases.

It should come as no surprise that the median sales price in WaterColor has decreased since the peak of the real estate boom. Median sales price is the price where half of the sales are above that price, and half of the sales are below. It is typically the best indicator for the real estate market. With selling prices decreasing, we have seen a strong increase in the quantity of home sales in WaterColor. According to the data, in 2009, homes (detached) in WaterColor had the highest annual total dollar volume of sales and the highest annual quantity of sales ever, including the years of the real estate boom.

Buyers are doing more than looking — They are actually buying! If you, or someone you know, has interest in learning more about the homes, condos, and residential home sites located in WaterColor or other communities along Scenic Hwy 30 in South Walton, please contact me. If your interest is in selling your property in South Walton, please let me find a buyer for you.

All data used in the above graphs is derived from the Emerald Coast Association of Realtors (ECAR), and is thought to be reliable but not guaranteed.

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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