Rosemary Beach Market Report Statistics
Rosemary Beach Market Report shows major strength in prices for June 2016.
- Absorption rate rose by 119% year-over-year to just under 14 months from last year’s 6 months illustrating a jump in active listings while closed sales have dropped.
- Average list price is up 18% from last June to $2,991,007 against $2,533,386. Average sale price rose a whopping 86% year-over-year to $2,903,333 from $1,554,000.
- Median list price rose just over 4% year-over-year to $2,295,000 from last year’s price of $2,195,000 while the median sale price rose 35% year-over-year to $1,522,500 vs. last year’s $1,124,500.
- Average days on market year-over-year is down just under 26% to 163 days vs. last year’s 220 days.
- Median days on market year-over-year is down 24% to 114 days against last year’s 150 days.
Rosemary Beach Market Volume Sales
- Closed sales fell 40% year-over-year with 6 closings vs. 10 the previous June.
- Pending sales are up 33% with 8 against last June’s 6.
- Active listings have exploded by 85% this June vs. last June to 65 vs. 35. Wow.
- New listings are down 10% with 9 against last June’s 10.
Closed and pending sales volume year-to-date is down so active listings are starting to pile up a bit with a rise in absorption rate yet prices continue to escalate. It will be interesting to watch how this trend progresses.
SUMMARY STATISTICS |
||||||
|---|---|---|---|---|---|---|
| Jun-16 | Jun-15 | % Chg | 2016 YTD | 2015 YTD | % Chg | |
| Absorption Rate | 13.93 | 6.36 | 119.03 | 10.93 | 8.68 | 25.92 |
| Average List Price | $2,991,007 | $2,533,386 | 18.06 | $2,969,563 | $2,077,618 | 42.93 |
| Median List Price | $2,295,000 | $2,195,000 | 4.56 | $2,100,000 | $1,699,000 | 23.60 |
| Average Sale Price | $2,903,333 | $1,554,000 | 86.83 | $2,497,400 | $1,796,859 | 38.99 |
| Median Sale Price | $1,522,500 | $1,124,500 | 35.39 | $1,595,000 | $1,400,000 | 13.93 |
| Average CDOM | 163 | 220 | -25.91 | 308 | 165 | 86.67 |
| Median CDOM | 114 | 150 | -24 | 158 | 117 | 35.04 |
