Rosemary Beach Market Report and Statistics August 2016

Rosemary Beach Market Report and Statistics August 2016

Rosemary Beach Market Report Statistics

Rosemary Beach market report stats are strong for the year but the sale price numbers stagnated a bit for the month of August while volume sales are up.

  • Absorption rate zoomed upwards year-over-year from 7.5 months last August to 14.72 months so inventory is up.
  • Average list price year-over-year is up 7.36% to $2,754,269 from $2,565,456.
  • Average sale price fell 1.67% this August to $1,828,000 from $1,859,000 last August but for the year is up a whopping 42.20!
  • Median list price dropped 6.36% year-over-year to $2,149,000 from last year’s $2,295,000 and is up 15.69% year-to-date.
  • Median sale price plunged 8.86% to $1,595,000 against last year’s price of $1,750,000 and for the year is up 25.31%.
  • Average days on market dropped 44.09% year-over-year to 71 days from 127 days but is up for the year 68.59%.
  • Median days on market fell 70.64% to 32 days from 109 days and is up year-to-date by 22.41%.

Rosemary Beach Market Report Volume

  • Sales volume was up for the month of August with 5 closings vs. 3 last year in August and year-to-date is 40 sales against 50.
  • Pending sales were down 50% year-over-year with 4 vs. 8 last August.
  • Active listings are up 44.4% with 65 vs. 45 last year.
  • New listings are down 27.3% for the month with 8 against 11 last year.

 

 SUMMARY STATISTICS

  Aug-16 Aug-15 % Chg 2016 YTD 2015 YTD % Chg
Absorption Rate 14.72 7.5 96.27 12.35 8.54 44.61
Average List Price $2,754,269 $2,565,456 7.36 $2,827,160 $2,160,480 30.86
Median List Price $2,149,000 $2,295,000 -6.36 $2,024,500 $1,750,000 15.69
Average Sale Price $1,828,000 $1,859,000 -1.67 $2,489,675 $1,750,819 42.20
Median Sale Price $1,595,000 $1,750,000 -8.86 $1,782,500 $1,422,500 25.31
Average CDOM 71 127 -44.09 263 $156 68.59
Median CDOM 32 109 -70.64 142 116 22.41

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