Local real estate market takes another dip | market, real, takes - Business - Northwest Florida Daily News
Although it?s no longer making national headlines and further derailing the Emerald Coast?s tourist season, the Deepwater Horizon oil spill is still having an impact on the real estate market along the coast.
According to statistics released by the Emerald Coast Association of Realtors, sales in Northwest Florida for September were down two percent, with single family residential sales down approximately 10 percent, when compared to September 2009.
?According to the September sales statistics, sales were up in South Walton County and Crestview despite low tourism and traffic caused by the oil spill,? said Mary Anne Windes, ECAR president.
South Walton County and Crestview sales both increased by 10 percent over last year. Destin was down 10 percent, Fort Walton Beach was down 15 percent and North Walton County was down nearly 20 percent.
Even with the less-than-stellar real estate sales across the area, a definite bright spot was in condo sales. Across the Emerald Coast, condo sales were up 15 percent in September when compared to 2009. Both Fort Walton Beach and South Walton County saw an increase in condo sales.
?With the oil/media crisis behind us, many consumers are regaining confidence in our (South Walton) market,? says Marilue Maris, Realtor with ResortQuest Real Estate. ?So many buyers were ?on the fence??waiting. They are now writing up offers and making purchases of a lifetime.?
TDC members are still looking for someone to replace Seafood and Wine Festival coordinator Jack Bishop.
Although it?s no longer making national headlines and further derailing the Emerald Coast?s tourist season, the Deepwater Horizon oil spill is still having an impact on the real estate market along the coast.
According to statistics released by the Emerald Coast Association of Realtors, sales in Northwest Florida for September were down two percent, with single family residential sales down approximately 10 percent, when compared to September 2009.
?According to the September sales statistics, sales were up in South Walton County and Crestview despite low tourism and traffic caused by the oil spill,? said Mary Anne Windes, ECAR president.
South Walton County and Crestview sales both increased by 10 percent over last year. Destin was down 10 percent, Fort Walton Beach was down 15 percent and North Walton County was down nearly 20 percent.
Even with the less-than-stellar real estate sales across the area, a definite bright spot was in condo sales. Across the Emerald Coast, condo sales were up 15 percent in September when compared to 2009. Both Fort Walton Beach and South Walton County saw an increase in condo sales.
?With the oil/media crisis behind us, many consumers are regaining confidence in our (South Walton) market,? says Marilue Maris, Realtor with ResortQuest Real Estate. ?So many buyers were ?on the fence??waiting. They are now writing up offers and making purchases of a lifetime.?
TDC members are still looking for someone to replace Seafood and Wine Festival coordinator Jack Bishop.