Cork can you update the data you posted in another thread from long ago. It would be interesting to see how times have changed over the last three years.
Interesting Data about the Bubble on 30A
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I ran some data for a client comparing sales data for Rosemary Beach and Seacrest Beach which turned out to be quite interesting. The number of Sales are down from last year but the appreciation is significantly higher than it was between 2003-2004 during the same period. The days on market were less this year than the last several years.
My thoughts are that sellers have slammed the prices this year. Fewer people are investing (maybe running scared from all the talk about a bubble or maybe priced out of this market) but there still are buyers out there to pay the escalated appreciation. Also when the homes are priced right, they're moving quicker. Basically looks like last year was the bomb but this year we're running about the same as we were in 2003 which was still great.
The following data is from the emerald coast MLS for pending home sales in Seacrest Beach and Rosemary Beach for the dates indicated.
Seacrest Beach
...........................#Pending... Avg Price.......Avg $ Per Sqft....DOM
01/01/05-06/23/05----22------$1,018,900------$464.09--------75
01/01/04-06/23/04----53------$...613,560------$287.79-------132
01/01/03-06/23/03----26------$...490,475------$233.30-------204
01/01/02-06/23/02----10------$...435,400------$195.79-------147
01/01/01-06/23/01-----6------$...316,450------$186.23-------179
Rosemary Beach
...........................#Pending... Avg Price.......Avg $ Per Sqft....DOM
01/01/05-06/23/05----12------$2,160,417------$902.59--------86
01/01/04-06/23/04----39------$1,471,519------$579.73-------176
01/01/03-06/23/03----14------$1,258,906------$585.16-------312
01/01/02-06/23/02-----5------$...637,000------$686.69-------267
01/01/01-06/23/01-----1------$1,200,000------$480.96--------86
Interesting Data about the Bubble on 30A
--------------------------------------------------------------------------------
I ran some data for a client comparing sales data for Rosemary Beach and Seacrest Beach which turned out to be quite interesting. The number of Sales are down from last year but the appreciation is significantly higher than it was between 2003-2004 during the same period. The days on market were less this year than the last several years.
My thoughts are that sellers have slammed the prices this year. Fewer people are investing (maybe running scared from all the talk about a bubble or maybe priced out of this market) but there still are buyers out there to pay the escalated appreciation. Also when the homes are priced right, they're moving quicker. Basically looks like last year was the bomb but this year we're running about the same as we were in 2003 which was still great.
The following data is from the emerald coast MLS for pending home sales in Seacrest Beach and Rosemary Beach for the dates indicated.
Seacrest Beach
...........................#Pending... Avg Price.......Avg $ Per Sqft....DOM
01/01/05-06/23/05----22------$1,018,900------$464.09--------75
01/01/04-06/23/04----53------$...613,560------$287.79-------132
01/01/03-06/23/03----26------$...490,475------$233.30-------204
01/01/02-06/23/02----10------$...435,400------$195.79-------147
01/01/01-06/23/01-----6------$...316,450------$186.23-------179
Rosemary Beach
...........................#Pending... Avg Price.......Avg $ Per Sqft....DOM
01/01/05-06/23/05----12------$2,160,417------$902.59--------86
01/01/04-06/23/04----39------$1,471,519------$579.73-------176
01/01/03-06/23/03----14------$1,258,906------$585.16-------312
01/01/02-06/23/02-----5------$...637,000------$686.69-------267
01/01/01-06/23/01-----1------$1,200,000------$480.96--------86
