Even though I’ve been selling real estate for (gulp) thirty years, I’m in daily awe of this market. Prices are going up, inventory is low, and homes are selling fast. There are plenty of statistics to prove it, but I take a random sample of the marketplace daily. I regularly review sold listings to gauge days on the market and list-versus-sold price. I am shocked by the continuing trend, as you will see below.
Sample of Recent Sales around the Emerald Coast of Florida:
House in Watersound Origins – Sold in 1 Day – Listed for $885,000 – Sold for $900,000
House in Highland Parks on 30A – Sold in 17 Days for full price – Sold for $1,150,000
House in Parkwood Estates, Bluewater Bay – Sold in 2 Days – Listed for $399,900 – Sold for $415,000
House in Swift Creek, Niceville – Sold in 4 Days – Listed for $559,000 – Sold for $590,000
House in Burnt Pine, Sandestin, Sold in 4 Days for full price – Sold for $1,400,000
House in Holley by the Sea, Navarre – Sold in 11 Days for full price – Sold for $450,000
House in Bent Tree Estates, Fort Walton Beach – Sold in 6 Days – Listed for $249,000 – Sold for $250,000
House in Poquito Bayou, Fort Walton Beach – Sold in 21 Days – Listed for $999,000 – Sold for $1,1000,000
House in Destiny by the Sea, Destin – Sold in 11 Days for full price – $2,229,900
Condo in Adagio, 30A, Santa Rosa Beach – Sold in 11 Days – Listed for $929,000 – Sold for $920,000
Condo in Inlet Reef Club, Destin – Sold in 1 Day – Listed for $495,000 – Sold for $560,000
Condo in Island Princess, Okaloosa Island – Sold in 3 Days – Listed for $510,000 – Sold for $505,000
Condo in Rosemary Beach – Sold in 6 Days for full price – Sold for $925,000
Lot in Inlet Beach – Sold in 1 Day for full price – Sold for $2,189,000
Lot in north Crestview – Sold in 34 Days – Listed for $101,000 – Sold for $99,000
Lot on Santa Rosa Sound, Navarre – Sold in 4 Days for full price – Sold for $248,500
Of course, not everything sells for full price or more, and not everything sells in less than two weeks. Nationally, 47% of properties sell within seven days, and 50% of homes sell for more than list price. My daily investigations of the Emerald Coast of Florida real estate market show that the vast majority of sales are for full price or more, and indeed, sell within thirty days. That trend is predicted to continue, and I will continue to confirm it the old-fashioned way, with my daily random sample.
It’s Wendy… It’s Sold!
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call 850-259-0422
Email Wendy: itswendy@rulnickrealty.com
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