March 2010 South Walton Market Report – By the Numbers
2010 has been an active year so far with a rise in consumer confidence and real estate closings.
Detached single family homes continue to lead the way in total closings and volume. However, condos are seeing a good amount of activity as well.
March 2010 had the highest volume for both total number AND total sales volume ($) of any month in the past year! While we aren’t out of the real estate slump, we continue to see positive signs in the real estate market.
Currently In South Walton,
- There are a total of 541 properties either contingent or pending
- Detached Single Family – 253 properties ranging from $67,500 to $7.85 million
- Attached Single Family – 25 properties ranging from $65,000 to $650,000
- Condos – 163 properties ranging from $69,000 to $2.095 million
- Residential Lots – 100 lots ranging from $8,000 to $1.15 million
Of the 541 contingent / pending properties, scheduled closings in April 2010 are broken down below:
- 119 detached single family units
- 10 attached single family units
- 76 condo properties
- 55 residential lots
Let’s Do The Numbers*
Detached Single Family Properties
- Number of Closings in March 2010 - 77
- Total Sales Volume of all closings for month – $49,741,218
- Average Days on Market – 249
- Number of Detached Single Family Homes currently for sale in South Walton – 1360
Condos
- Number of Closings in March 2010 - 58
- Total Sales Volume of all closings for month – $19,557,050
- Average Days on Market – 263
- Number of Condos currently for sale in South Walton – 1240
Attached Single Family
- Number of Closings in March 2010 - 7
- Total Sales Volume of all closings for month – $1,713,000
- Average Days on Market – 360
- Number of Attached Single Family properties currently for sale in South Walton – 177
Residential Land
- Number of Closings in March 2010 - 46
- Total Sales Volume of all closings for month – $8,612,768
- Average Days on Market – 334
- Number of Residential Land parcels currently for sale in South Walton – 1526
Most Expensive Sales in South Walton – March 2010
Detached Single Family Homes
- $3.1 M – WaterColor
- $3.08 M – Grayton Beach
- $2.7 M – Sandestin Resort – listed by Compass Realty of Florida, LLC.
Condos
- $1.2 M – WaterSound
- $870,000 – Delos
- $850,000 – Adagio
*All information above was obtained from the Emerald Coast Association of Realtors Multiple Listing Service on April 03, 2010. 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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