Walton County, Florida
July Report
HOMES
There were 17 new home sales in the month of July in Walton County. This is down 26% from last year's figure.
However, there were 85 sales of resale homes in the month of July. This was in increase of 7.59% and great news for our local economy. Home sales have picked up and the month of August is starting off with a bang. Buyers are back and they are buying our lowest priced products left and right. As it should be. Buy low and sell high.
CONDOS
10 brand new condos sold in the month of July compared with same period last year of only 6.
78 resales sold in the condo category. This was an increase of 14.71% over same period last year.
Condos remain to be a popular product in our resort destination. However, once easy to finance...financing today has become more difficult. You had better come with a 25% downpayment, cash, and a good credit score in order to qualify.
RESIDENTIAL LOTS
We have plenty available in this category. Good news is that 82 of them sold in the month of July. This is up 10.81% over last year same period sales.
LIS PENDENS
Hold on to your hats. There were 192 Lis Pendens filed in the month of July. A 22% increase over last year's figures. This means there will be more good deals coming on the market soon in the way of a short sale or foreclosure.
When you want more information and advice, please come to the source who can help. I look forward to hearing from you. Email me at Kelly@KellyKleinSoldMine.com to be placed on my weekly hot sheet or visit me at my website at www.KellyKleinSoldMine.com
Thank you.
Kelly Klein, Broker Associate
Red Hot Realty
Destin, FL
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