Year end stats in pictures

[30ashopper]

30A, Sorry I'm thick this evening. I am having a hard time interpreting Median from the graph as it is expressed in a line more fluid than the dates. Do you have any clarification on what SHELLY and SB proferred?

Median is just a way to get a feel for how prices are fluctuating. Like scooter said, it tends to indicate the most common average price of real estate sold by negating major lows and the major highs. Average can get thrown off by sales that fall way outside the mean. For example if you sold three homes for 200K, and one mansion for 2 million, the average would 650K, but the median would be 200K.

 

[BeachSiO2]

30A, Sorry I'm thick this evening. I am having a hard time interpreting Median from the graph as it is expressed in a line more fluid than the dates. Do you have any clarification on what SHELLY and SB proferred?

To quote my old Master's professor, average doesn't mean anything (sorry math joke). The problem with average is that one or two high or low numbers can skew the statistics. Therefore, median is often another way used to express the measured system. In this example it appears that there are a number of low sales and a couple of outliers on the high side that are not representative of what was actually sold since the average was much higher than the mean. So like in Shelly's example, one $1.8 million property lead to an average of $625,000. However, the market sales also included three out of five that were well below that average.

If average is used scientifically, it is often accompanied by standard deviation which better shows the "spread" of actual numbers around the average.

Now maybe BR will come on here and correct me if I mistyped anything.

 

[chanster]

i think whats alittle misleading for the median is thats not representative of 30a for those looking there. i assure you the median price of a home sold on 30-a in 2008 was no were near 300k and probably nearer 600-800k

 

[JoshMclean]

i think whats alittle misleading for the median is thats not representative of 30a for those looking there. i assure you the median price of a home sold on 30-a in 2008 was no were near 300k and probably nearer 600-800k

Here are the stats for you on 30A. This includes South Santa Rosa Beach and South Walton East.

2006-
Total Sales- 168
Avg Sales Price- $1,360,091
Median Sales Price- $906,765
Inventory- 1000

2007-
Total Sales- 239
Avg Sales Price- $1,277,877
Median Sales Price- $950,000
Inventory- 1106

2008-
Total Sales- 275
Avg Sales Price- $951,607
Median Sales Price- $695,000
Inventory- 1063

 

[TooFarTampa]

I bet TFT will be drooling over this!

On this particular day, TFT is doing this. But nice work 30Ashop.

 

[chanster]

thanks josh, wow i'm good as my guess was near right on. i can count on 1 hand any good homes i've seen on 30a under 400k. wow home sales on 30a have almost doubled since 2006. prices althought falling are still very stout. look at beachwood villa condo prices for a laugh. many over 300k asking still and one with 640sq asking 329k




479475
BEACHWOOD VILLAS CONDO
Santa Rosa Beach, Florida
1,028
3
2
$329,000



3799 CO. HWY. 30A , #14B
Courtesy of: RESORTQUEST REAL ESTATE


478507
BEACHWOOD VILLAS CONDO
Santa Rosa Beach, Florida
1,028
3
2
$329,900



3799 CO. HWY. 30A , #10C
Courtesy of: RESORTQUEST REAL ESTATE


423771
BEACHWOOD VILLAS CONDO
Santa Rosa Beach, Florida
640
1
1
$339,000



3799 CO RD 30-A , #1C
Courtesy of: THE SHELTON GROUP


485252
BEACHWOOD VILLAS CONDO
Santa Rosa Beach, Florida
1,028
3
2
$359,000



3799 CO. HWY. 30A , #13C
Courtesy of: RESORTQUEST REAL ESTATE


492973
BEACHWOOD VILLAS CONDO PH 2
Santa Rosa Beach, Florida
1,100
3
2
$379,000



3799 E CTY HWY 30-A , #12D
Courtesy of: THE PREMIER PROPERTY GROUP LLC

 

[traderx]

On this particular day, TFT is doing this. But nice work 30Ashop.

Hey, wait until they become teenagers. :shock:

 

[traderx]

thanks josh, wow i'm good as my guess was near right on. i can count on 1 hand any good homes i've seen on 30a under 400k. wow home sales on 30a have almost doubled since 2006. prices althought falling are still very stout. look at beachwood villa condo prices for a laugh. many over 300k asking still and one with 640sq asking 329k

Dead cat bounce maybe?

 

[SHELLY]

485252
BEACHWOOD VILLAS CONDO
Santa Rosa Beach, Florida
1,028
3
2
$359,000

3799 CO. HWY. 30A , #13C
Courtesy of: RESORTQUEST REAL ESTATE

This one is now listed as a short sale @ $275K.

Look out for falling comps...uh, make that falling knives.



.

 

[TooFarTampa]

Hey, wait until they become teenagers. :shock:

So parenting them is like waiting for the downturn to end?