There were 101 homes that sold in Walton County in the month of August. This is up over last year for the same period when there were 99. This slight increase can be attributed to the $8,000 first time home buyer's credit as well as reduced prices and foreclosures that have hit the marketplace.
Condo sales were also up for the month of August. There were 59 sales in the month of August compared to last year same period of 43 sales. Condos continue to be a risky purchase in some complexes. Not only do you have to qualify as a buyer, but the complex cannot have more than 15% of owners who are not current with their dues. Cash buyers have no problems in this area. However, if buying a condo on a mortgage you will need a minimum of 25% down and an excellent credit score.
Residential Lots and there are plenty of them.....are behind in sales for the month of August. Lots are plentiful and still going down in price. In the month of August there were only 58 lots that sold. Last year in August there were 89 lots that sold.
Kelly Klein, Broker Associate/Realtor
Red Hot Realty
Destin to Panama City Beach, FL
Specializing in the 30A market