Rosemary Beach Market Report
Absorption rate for Rosemary Beach South dropped 9.10% in March to 14.09 months from last year’s 15.5 months year-over-year and year-to-date is down 11.34% to 14 months from 15.79 months.
Average list price jumped dramatically year-over-year by 37.40% to $3,871,084 from $2,817,435 in 2015 and year-to-date rose 38.31% to $3,950,449 from last year’s price of $2,856,233. Average sale price although based on a small sample jumped 341.05% to $5,705,000 year-over-year from $1,293,500 and year-to-date is barely up 0.88% to $3,555,000 from $2,749,500.
Median list price ascended 33.33% to $3,400,000 from last year’s $2,550,000 in March and year-to-date jumped 21.75% to $3,347,500 from $2,749,500 in 2015. Median sale price exploded by 294.28% to $5,100,000 from $1,293,500 year-over-year again on a small sample and year-to-date dropped 44.24% to $2,070,000 from last year’s $3,712,500.
Average days on market in Rosemary Beach sits at 201 days year-over-year and year-to-date is 836 days vs. 93 last year for a 798.92% increase. Median days on market sits at 150 days year-over-year and year-to-date is up 693.33% to 357 days vs. 45 in 2015.
Other Rosemary Beach Metrics
There were 3 closed listings to 1 in March 2015 for a 200% jump in volume year-over-year and so far this year we have a total of 7 sales vs. 6 in 2015 for a 16.7% jump year-to-date.
Pending sales are down year-over-year 28.7% from last year’s total of 7 to 5 in March this year and year-to-date are down 8.3% from 12 pending sales last year to 11 this year.
Active listings are 27 currently vs. 31 last year for a 12.9% drop year-over-year and year-to-date are down 7.0% to 40 from last year’s 43 active listings.
New listings are up 25% with 5 in March 2016 vs. 4 in March 2015 year-over-year. Year-to-date we are dead even with 5 new listings in 2015 and 2016.
It looks like active listings are about even from last year, or close while sales volume is up a tad but not by much, and pending listings, or the pipeline is stable.
SUMMARY STATISTICS |
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|---|---|---|---|---|---|---|
| Mar-16 | Mar-15 | % Chg | 2016 YTD | 2015 YTD | % Chg | |
| Absorption Rate | 14.09 | 15.5 | -9.1 | 14 | 15.79 | -11.34 |
| Average List Price | $3,871,084 | $2,817,435 | 37.4 | $3,950,449 | $2,856,233 | 38.31 |
| Median List Price | $3,400,000 | $2,550,000 | 33.33 | $3,347,500 | $2,749,500 | 21.75 |
| Average Sale Price | $5,705,000 | $1,293,500 | 341.05 | $3,555,000 | $3,523,917 | 0.88 |
| Median Sale Price | $5,100,000 | $1,293,500 | 294.28 | $2,070,000 | $3,712,500 | -44.24 |
| Average CDOM | 201 | 0 | N/A | 836 | 93 | 798.92 |
| Median CDOM | 150 | 0 | N/A | 357 | 45 | 693.33 |
