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Distressed Properties in 2011

In the areas of North Santa Rosa Beach, South Santa Rosa Beach, South Walton East, and Point Washington from January 1st, 2011 to December 31st 2011 (the year of 2011) there were 692 Total Residential Single Family Homes Sold. Of the total 692 sales in these areas, 153 were Short Sales, meaning 22% of Sales of Residential Single Family Homes were sold at a price less than the owner owed on the mortgage. The total number of foreclosure (REO-Real Estate Owned) properties was 105, meaning 15% of homes sold in our area last year were bank owned.

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