As a note to the recent news of the Homes sales up on the Emerald Coast, I wanted to share some additional NEW home sales data for the Crestview Market only, as provided by the Emerald Coast Association of Realtors Multiple Listing Service. In summary, since January 1, 2011, there has been 283 NEW homes sold and another 72 NEW HOMES pending sale today. Average price is about $212,500. The lessen some homebuilders have found when building for the military. Bigger is better. Also, we have a hundreds of military folks, which have not moved here, and now the F-35 Training Squadron is next to start coming in a big way. Call me for details. Ken Wright, A.K.A. President of NORTHWEST FLORIDA Military Officers Association, former Military Housing Director for Southeast United States, and native to this lovely area.
Home sales up along Emerald Coast
However, prices continue to fluctuate
By DUSTY RICKETTS
Northwest Florida Daily News 315-4448 dricketts@nwfdailynews.com
The local housing market continued to show signs of stabilizing in August as sales increased, but prices remained volatile. Metro Market Trends recently released its August real estate sales reports for Okaloosa, Santa Rosa and Walton counties. The number of single-family homes and condominiums sold in all three counties increased compared to August 2010, but property values continued to fluctuate. “The market has done really well this summer,” said Jean Floyd, a local Realtor and president of the Emerald Coast Association of Realtors. “We had a great August. That’s good news for the real estate market and for the area. “I attribute the prices going down and being more affordable and interest rates being good,” she added. “People that have always dreamed of owning a condo down here now see the prices where they are and they’re buying.” In Okaloosa County, 339 single-family homes were sold in August, an increase of 37.8 percent from August 2010, when 246 homes were sold. Condominium and townhome sales were even hotter, increasing 91.53 percent with 113 units sold. Single-family home sales increased 37.96 percent in Walton County, from 108 last August to 149 this year. Single-family home sales also were up 10.09 percent in Santa Rosa County, with 240 homes sold last month compared to 218 a year ago. Condominium and townhome sales were up 42.86 percent in Walton County and 16.67 percent in Santa Rosa County. Real estate values did not see the same consistent increase across all categories. Average prices for single -family homes and condominium/ townhomes dropped slightly. The average price for all single family homes sold in Okaoosa County dropped 2.31 percent from $210,185 in August 2010 to $205,222 last month. The average condo price fell 3.67 percent, from $211,020 to $203,257. Walton County’s average single-family home price in August was $530,026, an increase of 34.19 percent from August 2010 when the average price was $394,981. However, the average condo/townhome price fell 20.25 percent, from $264,987 last August to $211,327 last month. The average sales price for both single-family homes and condominiums/townhomes increased in Santa Rosa County in August. The average price of a singlefamily home jumped from $166,775 in August 2010 to $193,862 last month. The price of a condo/ townhome increased from $240,500 to $275,600 during the same period. Despite the fluctuations, Floyd said the property values are getting better. “The values are starting to have a slight increase and stay more stable,” Floyd said. “That gives people the idea that prices are good; ‘interest rates are probably never going to be this good again, so if I’m going to buy this is the time to buy.’ It’s giving them a sense of urgency. We’re just not trying to sell you something. We’re trying to tell you that if you really want to buy, now is the time.”
However, prices continue to fluctuate
By DUSTY RICKETTS
Northwest Florida Daily News 315-4448 dricketts@nwfdailynews.com
The local housing market continued to show signs of stabilizing in August as sales increased, but prices remained volatile. Metro Market Trends recently released its August real estate sales reports for Okaloosa, Santa Rosa and Walton counties. The number of single-family homes and condominiums sold in all three counties increased compared to August 2010, but property values continued to fluctuate. “The market has done really well this summer,” said Jean Floyd, a local Realtor and president of the Emerald Coast Association of Realtors. “We had a great August. That’s good news for the real estate market and for the area. “I attribute the prices going down and being more affordable and interest rates being good,” she added. “People that have always dreamed of owning a condo down here now see the prices where they are and they’re buying.” In Okaloosa County, 339 single-family homes were sold in August, an increase of 37.8 percent from August 2010, when 246 homes were sold. Condominium and townhome sales were even hotter, increasing 91.53 percent with 113 units sold. Single-family home sales increased 37.96 percent in Walton County, from 108 last August to 149 this year. Single-family home sales also were up 10.09 percent in Santa Rosa County, with 240 homes sold last month compared to 218 a year ago. Condominium and townhome sales were up 42.86 percent in Walton County and 16.67 percent in Santa Rosa County. Real estate values did not see the same consistent increase across all categories. Average prices for single -family homes and condominium/ townhomes dropped slightly. The average price for all single family homes sold in Okaoosa County dropped 2.31 percent from $210,185 in August 2010 to $205,222 last month. The average condo price fell 3.67 percent, from $211,020 to $203,257. Walton County’s average single-family home price in August was $530,026, an increase of 34.19 percent from August 2010 when the average price was $394,981. However, the average condo/townhome price fell 20.25 percent, from $264,987 last August to $211,327 last month. The average sales price for both single-family homes and condominiums/townhomes increased in Santa Rosa County in August. The average price of a singlefamily home jumped from $166,775 in August 2010 to $193,862 last month. The price of a condo/ townhome increased from $240,500 to $275,600 during the same period. Despite the fluctuations, Floyd said the property values are getting better. “The values are starting to have a slight increase and stay more stable,” Floyd said. “That gives people the idea that prices are good; ‘interest rates are probably never going to be this good again, so if I’m going to buy this is the time to buy.’ It’s giving them a sense of urgency. We’re just not trying to sell you something. We’re trying to tell you that if you really want to buy, now is the time.”
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