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Smiling JOe

SoWal Expert
Nov 18, 2004
31,644
1,773
Sales to list price is 110.39% for Detached Single Family in the Freeport area for Feb '06. Yes, that means that, on average, the sales price was higher than the list. There were 6 sales. Avg list was $236,800 and Avg Sales was $261,400.
 

SHELLY

SoWal Insider
Jun 13, 2005
5,763
803
Smiling JOe said:
Sales to list price is 110.39% for Detached Single Family in the Freeport area for Feb '06. Yes, that means that, on average, the sales price was higher than the list. There were 6 sales. Avg list was $236,800 and Avg Sales was $261,400.

How about 30A for February?
 

Miss Kitty

Meow
Jun 10, 2005
47,011
1,131
70
Smiling JOe said:
Hold your horses, it is coming. I have some other things to take care of first.

Ride 'em cowboy!
 

Cork On the Ocean

directionally challenged
monty said:
Donna said:
.
Many properties are pretty well topped out in terms of giant annual appreciation. I mean, where else besides HA or Manhattan do you see 2 bdrm/2 bath condos without water frontage selling in the $1M+ price range? But I believe healthy appreciation will continue at a more realistic and consistent pace after this lull. If appreciation is your primary objective in South Walton, the best is yet to come. If it's quality of life and vacation experience, you're there now and it may not get any better than this.

These comments seem to be contradictory. Properties have topped out in terms of giant appreciation and where else are 2/2 not waterfront condos selling for $1+ million. Don't seem to jive with your comment that the best appreciation is yet to come.

Appreciation might start again, but it won't begin again until prices drop much farther with the current glut of inventory on the market. SJ's market stats back up the fact that there is a glut. These stats are not new--it's been this way and getting worse for many months.

Do we have a grim reaper smiley face?
 
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