March 2010 Sandestin Residential Land Market Report
Residential Land
Below is a breakdown of the Year to Date Sales in Sandestin Golf & Beach Resort for Residential Land. There were 2 lots sold last month in Sandestin Resort. While it is still slower in the residential land sales, there has been slight pickup on activity.
There have been 7 lot sales year to date. Compared to only 9 lots sold for the entire 2009, the first three months of 2010 have been off to a much better start for lots! If you are in the market to build a home, this is where you will see the single biggest cost savings!
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Residential Land Sales – 2010 |
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Sales Month |
Neighborhood |
Sales Price |
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January 2010 |
Baytowne |
$225,000 |
|
January 2010 |
Deerwood |
$100,000 |
|
February 2010 |
Island Green |
$200,000 |
|
February 2010 |
Villa Lago |
$65,000 |
|
February 2010 |
Villa Lago |
$65,000 |
|
March 2010 |
Genoa |
$155,000 |
|
March 2010 |
Villa Lago |
$65,000 |
There are currently 11 lots that are contingent/pending on the Resort. By neighborhood – 3 lots in Genoa, 5 lots in Villa Lago, 2 lots in Island Green, and 1 lot in Burnt Pine.
Residential Land Sales – Sandestin Resort
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2009 |
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|
Month |
Monthly |
Monthly |
Avg DOM |
% Sold/List |
Current |
|
January |
0 |
0 |
0 |
0.00% |
83 |
|
February |
0 |
0 |
0 |
0.00% |
81 |
|
March |
1 |
$525,000 |
897 |
65.70% |
81 |
|
April |
1 |
$400,000 |
147 |
80.16% |
86 |
|
May |
1 |
$150,000 |
140 |
50.16% |
87 |
|
June |
2 |
$820,000 |
359 |
82% |
84 |
|
July |
0 |
0 |
0 |
0.00% |
86 |
|
August |
1 |
$335,000 |
480 |
80% |
92 |
|
September |
1 |
$225,000 |
290 |
81.81% |
93 |
|
October |
1 |
$500,000 |
62 |
71.53% |
85 |
|
November |
0 |
0 |
0 |
0.00% |
83 |
|
December |
1 |
$138,000 |
139 |
69.34% |
87 |
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2010 |
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|
Month |
Monthly |
Monthly |
Avg DOM |
% Sold/List |
Current |
|
January |
2 |
$325,000 |
810 |
68.42% |
85 |
|
February |
3 |
$330,000 |
257 |
78.75% |
80 |
|
March |
2 |
$220,000 |
90 |
86.78% |
79 |
Monthly Sales – Number of closings on Condos, Detached Single Family, and Attached Single Family residences for month
Monthly Volume – Total Sales Volume of all closings
Avg DOM – The Average Days on the Market
% Sold/List – The Percentage of the actual closing versus the listed price on the property
Current Inventory – The current available Condos, Detached Single Family, and Attached Single Family residences listed for sale
***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.
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