Here we are at the end of 2010, and what a year! I have to admit I was very concerned about our market, my livelihood, during the oil spill. Just as the market was looking better than it had in years and I was having a good spring, the spill came out of nowhere. Well that’s past us and my worst fears did not happen. So in a nutshell, our spring was good, our summer understandably slow, the fall remarkably good. Overall we had a good year with sales up, amazingly, from last year. Prices did drop, but the volume was definitely up.
All the 2010 closings will not be accounted for until we are into the first weeks of 2011 so I ran the numbers for South Walton mls areas east of Sandestin from 01/01/2009 up until Dec 15th from the MLS and ran the numbers for the same time period in 2010 and here is what I found.
2009 Combined Residential
# Sold 702
$ Volume $366,610,573
Average Sale $600,374
Avg Days on Market 253
Median Price $377,500
2010 Combined Residential
# Sold 761
$ Volume $380,094,406
Average Sale $560,284
Avg Days on Market 241
Median Price $339,000
Sadly, I still have not found a crystal ball with which to predict the future but I am really optimistic. After this summer I am sure of one thing: People who vacation on 30A become very attached to the area and they are extremely loyal. You will run into South Walton and 30A bumper stickers on cars from all over the southeastern US and the 30A brand gets stronger all the time. You just can’t find this lifestyle and energy elsewhere. It’s like belonging to a club, kind of a secret club, and that gives our market a resiliency. I always advise people to buy what they love and this area is easy to love. If you are reading this blog, you understand that.
Happy 2011, Bruce Johnson, Broker Associate, Davis Properties of NW Florida
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