Rosemary Beach North Market Report May 2016

Rosemary Beach North Market Report May 2016

 

Rosemary Beach North Market Report Statistics

Absorption rate in Rosemary Beach has jumped in a huge way by 97.47% year-over-year to 10.15 months vs. 5.14 months in May 2015. Year-to-date the change is 23.83% upwards to 7.95 months vs. 6.42 last year this time so we have more inventory to sell.
 
Average list price rose 36.84% year-over-year to $1,700,770 from last year’s price of $1,242,889 and year-to-date accelerated 34.03% to $1,711,171 from $1,276,732. The average sale price year-over-year is down 15.66% to $1,436,250 from last year’s $1,702,990 while year-to-date we are up 4.93% to $1,285,438 from last year’s price of $1,225,081.
 
Median list price exploded by 44.44% year-over-year to $1,625,000 from last year’s $1,11,25,000 and year-to-date rose 31.37% to $1,675,000 against $1,275,000 in 2015. Median sale price year-over-year is up 8.65% to $1,570,000 from last year’s price of $1,445,000. Year-to-date the price is down 11.90% from $1,260,000 to $1,110,000.
 
Average days on market are up 6.78% to 126 days from 118 year-over-year while year-to-date we are down 3.68% to 131 days from 136 last year this time.
 
Median days on market is way up 128.30% to 121 days from 53 year-over-year and year-to-date is down 1.60% to 123 days from 125.
 

Rosemary Beach North Market Report Volume

Total closed sales year-over-year is down 20% with 4 sales against last year’s 5. Year-to-date we are down 11.1% at 16 vs. 18.
 
Pending sales year-over-year are down 33.3% with 2 against last year’s 3. Year-to-date we are down 34.8% with 15 against last year’s 23.
 
Active listings are up 83.3% to 33 vs. 18 year-over-year. Year-to-date we are up just 4.3% with 49 vs. 47.
 
New listings are up 50% with 3 vs. last year’s 2 for the month and rose 23.8% with 26 against 21.
 

 SUMMARY STATISTICS

  May-16 May-15 % Chg 2016 YTD 2015 YTD % Chg
Absorption Rate 10.15 5.14 97.47 7.95 6.42 23.83
Average List Price $1,700,770 $1,242,889 36.84 $1,711,171 $1,276,732 34.03
Median List Price $1,625,000 $1,125,000 44.44 $1,675,000 $1,275,000 31.37
Average Sale Price $1,436,250 $1,702,990 -15.66 $1,285,438 $1,225,081 4.93
Median Sale Price $1,570,000 $1,445,000 8.65 $1,110,000 $1,260,000 -11.9
Average CDOM 126 118 6.78 131 136 -3.68
Median CDOM 121 53 128.30 123 125 -1.60

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