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Okaloosa County, FL ~ December 2011 Sales Activity
More good news along the Panhandle.
Okaloosa covers cities like Ft. Walton Beach, Crestview, Niceville, and Destin, FL.
In the month of December Total Single Family Home sales were up 16.83% over December 2011. For the year, Home Sales were up by 20,56% for the year. To top this news, NEW HOME SALES were up 41.48% for the year and this is great news for our local economy. Home building and related services feed the employment numbers in the County.
In the condo/townhome category for the month of December sales were slightly down by 6.19% as compared with December of 2010. However, for the year sales wer considerably up by years' end by 35.55% over 2010. Condos became more affordable and easier to finance in 2011.
Residential Lot Sales ( and they are not making any more of it) were up by 16.17% ending the year over sales in 2010.
In the category of distressed homes, we are seeing a decline of how many are available now. For the entire year they were still up by 5.41%, but in the month of December we saw a huge slowdown of foreclosures entering the marketplace. They were down by 48.18%.
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