After posting the previous market analysis, I thought it was needed to go back a little further to see the sales trends for Residential Single Family Homes sold in 2009 compared to 2010 and 2011. I used the same variables, 2 price ranges ($0-$400,000 and $400,001-$1,000,000) and used the same areas as previously- South Santa Rosa Beach and East South Walton (areas 17 & 18). I also used 12/12 as the day because this is when the other study was done for the date ranges and I wanted to keep it the same.
So here we go, from 12/12/2008-12/12/2009 (year of 2009) the average sales price for homes in the lower range ($0-$400,000) was $264,743, and in 2010 this number was $277,956. Which means from 2009 to 2010 in the lower price range, the average sold price increased $13,213, 4.9%. As mentioned in the other post, from 2010 to 2011, the average sold price decreased $3,043, 1.01%. For the higher price range in 2009 the average sold price was $624,067 and for 2010 this number was $641.229, showing an increase in average sold price of $17,162, 2.75%. The average sold price in 2011 was $633,812, a decrease from 2010 of $7,417, 1.17%. This means prices in 2011 are down from prices in 2010. Don’t forget there are many other variables to consider when analyzing the price changes of sales of Residential Single Family Homes, this analysis is as broad as you can get, but it gives you a small idea of the changes happening in our markets.
Below is the Market Analysis I conducted for Sold Residential Single-Family Homes in South Santa Rosa Beach and East South Walton (areas 17 & 18) between the date ranges of 12/12/2009- 12/12/2010 (labeled 2010), and 12/12/2010-12/12/2011 (labeled 2011). December 12th was used because that was the date the analysis was conducted so sales information was not available for after Dec 12th, 2011. The analysis was conducted for two price ranges, $0-$400,000, and $400,001-$1,000,000. The first graph shows the difference from 2010 to 2011 for average price per square foot and average days on the market for both price ranges. As the legend shows the blue line is the average price per square foot for the upper price range, showing a decrease from $271.50 in 2010 to $266.50 in 2011. The green line is the average price per square foot for the lower price range showing a decrease from $171.23 to $162.04. The red line is the average days on the market for the upper price range, showing an increase from 235 days in 2010 to 288 days in 2011. The purple line is the average days on the market for the lower price range, showing a decrease of 241 days in 2010 to 205 days in 2011. Click on the graph to view it larger, then click again to see it full screen.
The graph below shows the difference in average sales price from 2010 to 2011 for the above mentioned price ranges ($0-$400,000 & $400,001-$1,000,000). As you can tell there are decreases in both price ranges from (12/12/2009-12/12/2010) labeled as 2010 and (12/12/2010-12/12/2011) labeled as 2011. The upper price range (the first set of bars) shows a decrease in average sales price from $641,229 to $633,812, a decrease of 1.17% from 2010 to 2011. The lower price range shows a decrease in average sales price from $277,956 to $274,913, a decrease of 1.10% from 2010 to 2011. This is not as large of a decrease in average sales price as some people might have thought, but remember there are many other variables to consider.
December in Grayton is Peaceful and Merry. No crowds, crisp cool air, holiday lights and cheerful, relaxed people. The leaves are still green and the temperature still gets to 60ish, although the water temperature is much colder. Grayton Coast Properties has a lot of action in the office, as we have 4 closings (hopefully) in December. Grayton Coast Rentals is also booming, as they are providing property management to 3 new houses. Now is the time to buy that beach property you’ve always dreamed of, and now is the time to book your rental vacation before they are all full (or you can do both in just one stop at our office). Come celebrate your holiday season with us in Grayton Beach.