Lots of Activity

[destinsm]

I have been following inventory from the following areas via Realtor.com since June of 2005... (Dont know if this will be useful info for anyone, but thought I would share)

Destin, Niceville, Crestview, Navarre/Gulf Breeze, and Freeport

All cities followed were at there lowest since I started following in June '05... Inventory includes sfh, condos/th, and land...

LOWEST #'s - June '05
Destin - 1124
Niceville - 158
Crestview - 309
Nav/GB - 1881
Freeport - 846
(Note: earliest # for Freeport dates to Apr '06... All others June '05)

All peaked around the end of summer of '06 then began to retreat... Peaks for '06 and lowpoint of early '07 given below...

Destin peak August '06 @ 2264
Destin trough January '07 @ 1856

Niceville peak September '06 @ 667
Niceville trough March '07 @ 593

Crestview peak December '06 @ 1713
Crestview trough April '07 @ 1448

Nav/GB peak August '06 @ 4704
Nav/GB trough January '07 @ 4099

Freeport peak November '06 @ 1064
Freeport trough May/June '07 @ 765

Now for todays inventory numbers...

Todays #'s - June '07
Destin - 2320
Niceville - 658
Crestview - 1575
Nav/GB - 4660
Freeport - 765

Compare todays to June '05 and you see the staggering increase in all areas followed (excluding Freeport) :shock:

LOWEST #'s - June '05
Destin - 1124
Niceville - 158
Crestview - 309
Nav/GB - 1881
Freeport - 846

So from my numbers Destin has a new peak as of June '07... Niceville, Crestview, and Nav/GB are all just a stones throw away from their peaks last summer into fall dependant on area... and Freeport is well of peak with what I believe to be a lot of cancelled projects rather than sales....

Will be interesting to see how the numbers play out throughout the summer...

As you can tell this is by no means scientific numbers but just data I have taken every few days via the same source (Realtor.com)

 

[fisher]

Active Listings on Emerald Coast Multiple Listings for 30-A corridor as of 6-4-07:
Single Fam 1071
Condo 715
Homesites 1185

Active Listing Information is updated each week on our website. To view last week's Market report go to: http://www.davisprop.com/newsinfo.asp?id=1001


Highest Sold Price through MLS Jan-Jun 2007 (30-A corridor)
Single Fam: $4,515,000 - Gulf Front - Seaside
Condo: $1,743,000 - Adagio
Homesite: $2,900,000 - Retreat

That equates to 5 to 10 years of inventory at current rate of sales, but probably higher as Jan-June are typically busier than July to Dec.

 

[fisher]

ECAR MLS for 30-A corridor shows definite increase for Single Family and Homesites over 2006 - Condos are down in units sold - up in Median sold price.

Jan - Jun 4 2006
Detached Single Fam - Sold 61 units - Median Price $969,000
Homesites Sold 48 units - Median Price $422,500
Condos Sold 54 units - Median Price $490,000

Jan - Jun 4 2007
Detached Singe Fam - Sold 98 units - Median Price $967,500
Homesites Sold 62 units - Median Price $337,000
Condos Sold 47 units - Median Price $499,000

What were the average prices versus the median prices for each category?

 

[Smiling JOe]

That equates to 5 to 10 years of inventory at current rate of sales...

Yes, but I'd say at least half of the current listings are unrealisticly priced for today's market and the sellers don't care if they sell them anytime soon.

 

[Bob]

Statistics show you the time to buy has passed you by.

 

[BeachSiO2]

I sold (check is in the bank) my lot in PT Washington on Friday so I am happy . That's one house and one lot sold since October 2006. Both of which for a profit, but more importantly at realistic prices. This would support the posts of some that if things are priced right they will sell, and neither were fire sales.

Also from what I was told about my lot, a fellow sowaller will have a new neighbor soon.

 

[Jdarg]

I sold (check is in the bank) my lot in PT Washington on Friday so I am happy . That's one house and one lot sold since October 2006. Both of which for a profit, but more importantly at realistic prices. This would support the posts of some that if things are priced right they will sell, and neither were fire sales.

Also from what I was told about my lot, a fellow sowaller will have a new neighbor soon.

Details! Kids? Dogs? Airboat fanatics? Tomato thieves? Help me out here!

 

[BeachSiO2]

Details! Kids? Dogs? Airboat fanatics? Tomato thieves? Help me out here!

How do you know I was talking about a lot near you ;-)

All I know is that it will be a full time resident and it is not a flipping situation. Sorry I am short on details. By the way, no congratulations on getting it sold Thanks

 

[JoshMclean]

I've had a lot more activity as of late also Bobby. Wrote up an offer for $800,000 yesterday and possibly one for $1.8 million today. Things seem to really be picking up.