June 2009 proved to us that the market is slowly recovering with increased sales volume. It also showed that our single family home prices are down from the same period last year. WaterColor homes represented the largest sales volume for the month of June. For a detailed analysis see below:
Market summary & analysis for South Walton East and South Santa Rosa Beach June 2009
There are no surprise here. We have seen a consistent trend of increased sales volume as the prices have reduced. In any buyers market, when prices fall sales volume increases. We will continue to see sales volume increase through the summer months and will closely track median sales prices and average price per square foot.
WaterColor homes represented the largest percent of sales volume for the month of June 2009 with 11 of the 36 homes sold. WaterColor’s Turtle Ridge had four homes sell from $499,000 to $425,000 at 1,700sf to 2,000sf. The highest priced home for the month of June was 357 Western Lake Drive in WaterColor. It was a beautiful 6 Bedroom / 6 Bath 5,207sf new home on Western Lake Drive in WaterColors highly sought after Park District. The home sold for $2,750,000 and was $528/sf. The average price per squarefoot in WaterColor for the month of June is $353/sf and median sales price was $895,000 which was skewed by the 4 Turtle Ridge Homes.
The most expensive new listing is 179 Pelican Circle in Seacrest’s Camp Creek Lake subdivision. “Surf Serenade” is a premier gulf front property with 7,295sf and is priced at $5,995,000 which is $821/sf.