Jan Metro Mkt #'s

Anybody seen the new sales #'s...Red

Are yu referring to real estate closed sales...

yes, the metro market trend numbers...Red

yes, the metro market trend numbers...Red

Have not received them yet, but I have not been to the office as of yet, today.

What do you know... the Bay and Okaloosa reports are in, but still waiting to receive Walton.

Does anyone have the Jan #'s for Walton yet?

Does anyone have the Jan #'s for Walton yet?

As of yesterday, I had not received the new numbers for Walton Co. I have not been to the office today to check. When I do get them, I will gladly post them.

EDIT - I just remembered that today is a Federal holiday, so my guess is that they still are not at the office.

hey sj, did the #'s ever show?....Red

I just scored them today. See attachment.

So, what do you make of the data Joe? To a rube like me it looks kinda bad.

Average lot sales price down almost 200k? Maybe all the activity is north of 98 now!?

So, what do you make of the data Joe? To a rube like me it looks kinda bad.

I have not had a chance to look closely at the data, as I have been busy today. At a glance, it simply shows what most of you already knew. Sales are down. Avg price on Single Family Homes is way up, a few more building permits pulled vs Dec 05, but that is expected with the Dec holidays.

These numbers do show the trend, hence the name, but keep in mind that the charts are comparing '06 to '05. 2005 was the best year on record in real estate, and it was a year of record natural disaster in this area.. Even if sales for 2006 are half as strong as 2005, that is nothing to moan about. Keep in mind that many people have no more than 10-15% actually invested in a property, so when you look at the real returns on cash outlay that could be had by selling at reasonable prices, investors should still do very well.

Average lot sales price down almost 200k? Maybe all the activity is north of 98 now!?

Remember that this data is for Walton County, not SoWal. The majority of land sales recently have been in NoWal, mostly in the Defuniak area, where a lot can sell for as little as $25,000. That had a serious impact on the reduction in avg price of lot sales. For the location of the sales, I am getting my data from memory of looking at the sales in Walton County on a daily basis.

The last few years have been ridiculous. In years before that almost nothing sold outside of the Summer season, especially dead were November-February. This Summer will tell the story. I expect a lot of hemming and hawing while things settle, then a gradual return to normal steady appreciation. The biggest hardship will be among realtors, builders, developers, etc. who jumped in with both feet over the last few years. They'll have to tear themselves away or go back to their old jobs, which may not exist in SoWal for some.

The last few years have been ridiculous. In years before that almost nothing sold outside of the Summer season, especially dead were November-February. This Summer will tell the story. I expect a lot of hemming and hawing while things settle, then a gradual return to normal steady appreciation. The biggest hardship will be among realtors, builders, developers, etc. who jumped in with both feet over the last few years. They'll have to tear themselves away or go back to their old jobs, which may not exist in SoWal for some.

What old job? I never had a job before. ... at least for a while.

Good point about the impact of North Walton sales SJ. I can't help but wonder about JOE'S (not you) fantastic marketing and it's impact on all of the overextended people with lots in Watercolor and Watersound. No doubt S. Walton land took a hit but it will be interesting to separate the N walton land out and really get the picture on 30A. Thanks for the data.

Good point about the impact of North Walton sales SJ. I can't help but wonder about JOE'S (not you) fantastic marketing and it's impact on all of the overextended people with lots in Watercolor and Watersound. No doubt S. Walton land took a hit but it will be interesting to separate the N walton land out and really get the picture on 30A. Thanks for the data.

Does anyone know the impact this is having on Alys Beach, if any? Thanks.

Does anyone know the impact this is having on Alys Beach, if any? Thanks.

According to "my inside source" ;-), Alys Beach has been getting many lookers in the last few weeks, some of which have converted into very nice contracts now that they can see Alys Beach coming to life.

According to "my inside source" ;-), Alys Beach has been getting many lookers in the last few weeks, some of which have converted into very nice contracts now that they can see Alys Beach coming to life.

:clap_1: for them for me!!!

I plan on seeing the inside source in April!

:clap_1: for them for me!!!

I plan on seeing the inside source in April!

You best make an appoitment. :funn:

You best make an appoitment. :funn:

STOP IT!!!!

You best make an appoitment. :funn:

Send him so many monkey mails that he has to see you to get them to stop coming!

Sorry ---------> follow me back to the lounge, ladies.

...and now we return to the Jan Metro Mkt #'s.

:clap_1: for them for me!!!

I plan on seeing the inside source in April!

Sueshore,
I am sure inside source will be happy to see you and it is not a big deal to make an appt to see one of the Sales people there.

Sorry ---------> follow me back to the lounge, ladies.

...and now we return to the Jan Metro Mkt #'s.

OK back to Jan report. Those walton stats really peaked my interest.

Pulling out areas 17 & 18 (30A),

Jan 2006

DSF's 13 sales (of 138) $19,555,766 sales volume (of $78,608,990)
Ave price $1,504290

Condos 2 sales (of 48) $2,965,575 sales volume (of $28,568,400)
Ave price $1,482,787

Land - 7 sales (of 389) $6,708,000 sales volume (of $55,077,0000)
Ave Price $958,286


Jan 2005

DSF's 53 sales (of 248) $48,621,317 sales volume (of $117,257,663)
Ave price $917,383

Condos 35 sales (of 125) $31,774,915 sales volume (of $71,891,600)
Ave price $907,855

Land - 85 sales (of 439) $68,423,664 sales volume (of $146,571,400)
Ave Price $804,984

So, looks like you picked it SJ, an overwhelming number of Jan sales were not 30A accounting for the horrible looking numbers. And as we have known, the number of sales are significantly down on 30A. Surprisingly though, the average price on 30A is significantly up, even on land. :scratch:

Makes me think that them that has will keep getting.

Sueshore,
I am sure inside source will be happy to see you and it is not a big deal to make an appt to see one of the Sales people there.

;-) ...inside source and I already have plans!!!! Now, I just need some Alys Beach house plans!!!!