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 | ||
Comments(0)