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Market Analysis

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.

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