South Walton Pending Real Estate Sales Increase 45%

©2011 by Murray Balkcom, Realtor
The Premier Property Group

Pending sales of homes, condos & town homes in South Walton, FL rose 27% in November compared to the previous month, and compared to Nov 2010, pending sales increased 45%. Could these pending sales lead to a healthy winter for real estate in South Walton? Only time will tell. Pending sales are good indicators of potential upcoming sales, but not all pending sales go to close.

Realtors reported $36.7 million in closed home sales in South Walton for November, which is only $70,000 less in home sales volume than our second best November on record (2005). For the last four years, dollar volume of South Walton homes sales in November has been on the rise.

Maybe you are thinking that we simply had a greater quantity of sales, and therefore, we saw a greater dollar volume of home sales. That is true except for the difference between Nov 2010 and Nov 2011, when each of those months had 62 reported sales, tying for the second best November on record, only behind Nov 2004. So, why then did we see a 36% increase in the sold dollar volume in November 2011 compared to Nov 2010? People are buying more expensive homes.

In November, the median sold price for homes in South Walton increased to $355,000 (13.7%) while average home sale price increased 36%.

Stay tuned for future updates on the South Walton & 30A real estate market, as I will be reporting on the yearly comparisons for developments such as Rosemary Beach, WaterSound, WaterColor & Seaside. Please share my real estate market updates with friends you think might have interest in beach properties. If you haven’t subscribed to my reports, you are missing out on exclusive content, so subscribe today, it’s FREE!

If you are considering selling or buying real estate, please give Murray a call — always available, even for consultations or evaluation of your property.

Murray Balkcom is a licensed Realtor with The Premier Property Group, serving South Walton, including the beach communities 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.

Edit: We value reader input and requests for information. Recently, a reader asked to see how actual monthly sales of homes, condos, & town homes compared from the most recent 12 months to the previous 12 months. Here is the graph showing that information. If you have questions or requests for sales information, CLICK HERE to let us know.