South Walton Real Estate Report for Oct 2013
November 22, 2013 by SoWal Staff
The latest real estate report for October 2013 in Walton County shows some interesting statistics compared to the same month last year - cash sales are up and so is inventory. It's been awhile since we've seen inventory rise compared to the same month compared to the previous year. Not really surprising given the number of sellers who see a hot market and are looking to cash in, also the high amount of building and spec homes under construction.
Median sales price and average sales price nudged down, while median days on market is down a whopping sixty percent. Cash Sales can be a useful indicator of the extent to which investors are participating in the market. Why? Investors are far more likely to have the funds to purchase a home available up front, whereas the typical homebuyer requires a mortgage or some other form of financing. There are, of course, many possible exceptions, so this statistic should be interpreted with care.
The South Walton Real Estate Report for October 2013 is produced by Florida REALTORS® and provided by the Emerald Coast Association of Realtors® (ECAR). Click here to open the latest South Walton Real Estate Report in pdf format.
The South Walton Real Estate Report is a great service by ECAR and is a wealth of information about single family home sales, pending sales, cash sales, condo sales, vacant land sales, townhome sales and more.
The South Walton Real Estate Report includes real estate information about Walton County on the Emerald Coast, including Scenic 30A, Inlet Beach, Rosemary Beach, Seacrest, Alys Beach, WaterSound Beach, Seagrove, Seaside, WaterColor, Grayton Beach, Blue Mountain Beach, Santa Rosa Beach, Sandestin, and Miramar Beach.
Real estate sales statistics are generated on approximately the third week of each month. These statistics include information recorded in the Emerald Coast Association of Realtors® (ECAR) MLS system by ECAR MLS participants and subscribers, and do not include information entered by other associations or “for sale by owner” properties.
Statistics are accurate as of the date they were generated as indicated at the bottom of each report. Reports created at other times or under other circumstances may produce different results.