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February Market Statistics (Condos)

Wow, what a difference all the pre-construction sales of the past made. The condo market remains pretty flat at this point and won't turn until after detached homes do. It could be a while before the stability is back in the condo market, but there are some hurting sellers out there.

These are Condos between Destin and Inlet Beach.

Sales and Inventory Report
Category - Condominiums Statistics for Entire MLS from 1/1/2006 - 12/31/2008
Month	Year	Monthly Sales	Avg List $	Avg Sale $	Avg DOM	Discount	Current Inventory	Months Inventory
January	2006	101	$366,592	$352,421	32.59	4.02%	2458	24.33
February	2006	72	$360,010	$339,241	54.29	6.12%	2637	36.62
March	2006	69	$616,396	$584,043	146.78	5.53%	2868	41.56
April	2006	53	$636,721	$577,793	123.16	10.19%	3206	60.49
May	2006	63	$566,961	$518,750	103.88	9.29%	3412	54.15
June	2006	71	$692,442	$650,855	144.59	6.38%	3549	49.98
July	2006	204	$482,148	$467,478	136.82	3.13%	3595	17.62
August	2006	175	$629,118	$611,276	132.86	2.91%	3533	20.18
September	2006	87	$650,243	$615,947	312.57	5.56%	3408	39.17
October	2006	77	$657,777	$638,942	374.84	2.94%	3257	42.29
November	2006	53	$730,598	$697,011	138.90	4.81%	3184	60.07
December	2006	30	$673,999	$618,960	237.64	8.89%	3115	103.83
Total:	1055	$567,508	$540,729	149.15	5.82%	3185	45.86
Month	Year	Monthly Sales	Avg List $	Avg Sale $	Avg DOM	Discount	Current Inventory	Months Inventory
January	2007	269	$511,627	$499,668	211.80	2.39%	2987	11.10
February	2007	109	$475,540	$458,366	270.15	3.74%	3065	28.11
March	2007	148	$479,263	$468,256	231.69	2.35%	3186	21.52
April	2007	81	$542,624	$518,573	268.78	4.63%	3347	41.32
May	2007	94	$771,954	$715,981	243.81	7.81%	3359	35.73
June	2007	124	$985,677	$932,906	212.87	5.65%	3409	27.49
July	2007	86	$891,493	$840,552	272.18	6.06%	3356	39.02
August	2007	59	$741,864	$698,110	231.95	6.26%	3329	56.42
September	2007	47	$711,240	$667,100	197.84	6.61%	3210	68.29
October	2007	39	$802,089	$740,141	197.02	8.36%	3102	79.53
November	2007	37	$673,362	$599,382	297.30	12.34%	2965	80.13
December	2007	46	$581,998	$530,331	289.50	9.74%	2864	62.26
Total:	2194	$608,336	$578,577	374.15	12.15%	6366	91.77
Month	Year	Monthly Sales	Avg List $	Avg Sale $	Avg DOM	Discount	Current Inventory	Months Inventory
January	2008	28	$885,353	$790,892	332.39	11.94%	2634	94.07
February	2008	24	$428,763	$391,820	253.00	9.42%	2604	108.50
March	2008	0	0	0	0.00	0.00%	0	0.00
April	2008	0	0	0	0.00	0.00%	0	0.00
May	2008	0	0	0	0.00	0.00%	0	0.00
June	2008	0	0	0	0.00	0.00%	0	0.00
July	2008	0	0	0	0.00	0.00%	0	0.00
August	2008	0	0	0	0.00	0.00%	0	0.00
September	2008	0	0	0	0.00	0.00%	0	0.00
October	2008	0	0	0	0.00	0.00%	0	0.00
November	2008	0	0	0	0.00	0.00%	0	0.00
December	2008	0	0	0	0.00	0.00%	0	0.00
Total:	2246	$609,870	$579,228	419.18	13.93%	6803

Posted by Josh McLean on 03/13/2008 04:51 PM

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