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Jun 13

Price and Days on Market Analysis

The previous post was the great news about how sales #’s are up, well more great news folks.. sales prices are up too! In the past 6 months (12/12/11-6/12/12) the average sales price for residential single family homes was $796,113. For the same 6 months the previous year, the average sales price was $771,644. This means, the average sales price is up $24,469 or (3.17%) for the past 6 months compared to the year before.

For these properties analyzed the average days on the market for the previous 6 months was 229, whereas the same 6 months the year before was 277. A fantastic change of selling the home 48 days faster.

To take away a conclusion from this information is pretty darn simple. For the previous 6 months compared to the same 6 months the year before; sales are up, prices are up, and days on the market is down.
(based on averages for total sales of residential single family homes)

Keep in mind these numbers are very raw numbers with a lot of variables. If you would like a more narrow focused market analysis for your property please let us know if we can assist you.

Jun 12

Home Sales #’s are Up

In south Santa Rosa Beach and east South Walton area (east30a) in the past 6 months (12/12/11-6/12/12) 36 more residential single family homes have sold than the same six months the previous year. 274 residential single family homes have sold in the past 6 months. Sales numbers for condos are down just a little bit this year over last. Buyers are looking to buy and for you sellers out there, things are obviously picking up! Contact us if we can assist you with your real estate needs.

Mar 21

A little late…

Better late than never in sharing something like this. Smarter Travel’s Kate Hamman put Santa Rosa Beach in the “Ten Best Beach Destinations for 2011” along with places like Bali and Curacao.  People are starting to notice the beauty we have in our backyard.  Read on to see what she thought..

“Recently celebrating its centennial anniversary, Santa Rosa Beach, and its long stretch of untouched sand and calm seas offers a quiet escape on the Hogtown Bayou. Though the lapping waves and cool sand are the main attractions, there is plenty to do inland, such as shopping, fine dining, and golfing, and exploring the town’s many art galleries and nature trails. As one of the 13 communities of South Walton, Santa Rosa Beach is now easily reached by flying into Panama City’s new airport.”

http://www.smartertravel.com/photo-galleries/editorial/ten-best-beach-destinations-for-2011.html?id=65&photo=21903&max_photos=7

Mar 7

New FHA Mortgage-Aid Plan

Obama administration has unveiled a new mortgage-aid plan to help homeowners and first time buyers with FHA (Federal Housing Administration) mortgages. The government is going to lower the fees associated with refinancing a FHA mortgage and for first-time FHA borrowers.  The explanation of changes is:

“The fee is now 1.15 percent of the mortgage balance each year. Those fees are unappealing to many borrowers who want to refinance. The plan would cut the fee to 0.55 percent. The current up-front premium would also be lowered, from 1 percent of the loan balance to .01 percent. As a result, a borrower who owed $175,000 on a mortgage could save about $1,750 in one-time fees and more than $1,000 per year in annual fees by refinancing. The borrower could save nearly $150 a month more if the interest rate declined from 5 percent to 4 percent.”

http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=2&id=272796

If this sounds like something you might be interested in, contact Grayton Coast Properties for Santa Rosa Beach Lenders who can provide more information on mortgage-aid programs. (850)231.2886

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