Ed and Terri Smith Broker/Owners RE/MAX Coastal 725 Harbor Blvd Destin, Florida 32541 (850) 837-5500 x1 The Local Trend The fourth quarter helped end the year on a positive note. In fact, December was the high- est sales volume month of the entire year for us. Twelve Decembers in a row would make one heck of a great year! Local area December stats indicate a 12 month inventory of single family homes with an average days on the market of 196. The average single family sales price for November was $404,346 and the median $285,000. December condo sales saw little change as compared with Novem- ber. December inventory levels equate to a 17 month supply. The average days on the market was 257. The average sales price was $313,671, the median $225,000. Residential lots still represent the weakest segment of the market. December stats indicate a 24 month supply. The average sales price was $158,423 and the median price $100,000 even. Average days on the market for those sold was 270. The real estate graphs to follow indicate mixed results again. December 2010 reports indicate that Okaloosa, Bay and Walton Counties all showed a decrease in single family resales vs. December 2009, -18.9%, -7.22% and –7.9% respectively, as compared to +8.79, +11.4% and –16.2% in condo sales. Y-T-D sales volume results are mixed as well. Okaloosa County single family showed increases of .41% for the year and 7.65% in condo sales. Bay County was down by 13.9% in single family and down 22.0% in condo sales. Walton County was up 5.9% in Single Family and up 2.7% in condos. Buyer traffic is up as a direct result of the enormous exposure through our featured Ed and Terri’s Market Update January 2011 home slots on realtor. com, remax.com and homes.com, as well as through the multitude of websites that dis- play our properties. National News According to the Na- tional Association of Realtors, seasonally- adjusted, annualized existing home sales figures climbed by more than a half- million units in Decem- ber as compared to November, the third straight month of home resale improve- ment nationwide. The Home Affordability Index is of course, still at a near all time record high. More importantly, the consumer confidence index has improved significantly. As we have said many times, resort markets live, breathe and die according to this all im- portant barometer. Please call us any time to discuss your prop- erty or the market in general! December Stats at a Glance Ft. Walton Beach to Inlet Beach: Single Family Homes For Sale: 1,818 Sold: 151 Condominium Re-sales For Sale: 1,999 Sold: 116 Residential Lots For Sale: 1,542 Sold: 65

Monthly Newsletter 01-2011 - destinfloridarealestate.com · The real estate graphs to follow indicate mixed results again. December 2010 reports indicate that Okaloosa, Bay and Walton

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Ed and Terri Smith Broker/Owners RE/MAX Coastal 725 Harbor Blvd Destin, Florida 32541 (850) 837-5500 x1

The Local Trend The fourth quarter helped end the year on a positive note. In fact, December was the high-est sales volume month of the entire year for us. Twelve Decembers in a row would make one heck of a great year! Local area December stats indicate a 12 month inventory of sin-gle family homes with an average days on the market of 196. The av-erage single family sales price for November was $404,346 and the me-dian $285,000. December condo sales saw little change as compared with Novem-ber. December inventory levels equate to a 17 month supply. The aver-age days on the market was 257. The average sales price was $313,671, the median $225,000. Residential lots still represent the weakest segment of the market. December stats indicate a 24 month supply. The average sales price was $158,423 and the me-

dian price $100,000 even. Average days on the market for those sold was 270. The real estate graphs to follow indicate mixed results again. December 2010 reports indicate that Okaloosa, Bay and Walton Counties all showed a decrease in single family resales vs. December 2009, -18.9%, -7.22% and –7.9% respectively, as compared to +8.79, +11.4% and –16.2% in condo sales. Y-T-D sales volume re-sults are mixed as well. Okaloosa County single family showed increases of .41% for the year and 7.65% in condo sales. Bay County was down by 13.9% in single family and down 22.0% in condo sales. Walton County was up 5.9% in Single Family and up 2.7% in condos. Buyer traffic is up as a direct result of the enormous exposure through our featured

Ed and Terri’s Market Update

January 2011

home slots on realtor.com, remax.com and homes.com, as well as through the multitude of websites that dis-play our properties. National News According to the Na-tional Association of Realtors, seasonally-adjusted, annualized existing home sales figures climbed by more than a half-million units in Decem-ber as compared to November, the third straight month of home resale improve-ment nationwide. The Home Affordability Index is of course, still at a near all time record high. More importantly, the consumer confidence index has improved significantly. As we have said many times, resort markets live, breathe and die ac-cording to this all im-portant barometer. Please call us any time to discuss your prop-erty or the market in general!

December Stats at a Glance

Ft. Walton Beach

to Inlet Beach:

Single Family

Homes For Sale:

1,818 Sold: 151

Condominium

Re-sales For Sale:

1,999 Sold: 116

Residential Lots

For Sale: 1,542 Sold: