Watersound
Watersound real estate continues to look good. Absorption rate in Watersound dropped by 13.74% YOY and 15.6% YTD so it should take less time to sell all current inventory than last year. Average list price exploded by 20.37% YOY and 11.76% YTD matched by a 302.25% jump in average sale price YOY and 19.17% YTD. Median list price is up 13.24% YOY and 9.25% YTD accompanied by a 302.25% YOY increase in median sale price and 43.19% YTD. Sizzling. Average days on market are about even across the board. There was 1 sale this month compared to 1 last year and 20 for the year compared to 20 last year so although prices have jumped volume is even. Pending sales are 1 for the month vs. 3 last year and 20 for the year vs. 21 last year so again it’s pretty even in volume. Currently active listings in Watersound sit at 27 vs. 30 this time last year and new listings for the month were 6 vs. 6 last year this month and 32 for the year vs. 38 for the year this time last year. Watersound is steady other than pricing which continues to escalate like the rest of 30A. Watersound specifically in this case and 30A more generally continue to escalate in pricing. With interest rates staying low and cash sales here we should see a continued steady strong market moving forward.
SUMMARY STATISTICS |
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|---|---|---|---|---|---|---|
| Sep-15 | Sep-14 | % Chg | 2015 YTD | 2014 YTD | % Chg | |
| Absorption Rate | 13.5 | 15.65 | -13.74 | 13.74 | 16.28 | -15.6 |
| Average List Price | $3,810,796 | $3,165,917 | 20.37 | $3,300,365 | $2,953,174 | 11.76 |
| Median List Price | $3,199,000 | $2,825,000 | 13.24 | $2,949,000 | $2,699,250 | 9.25 |
| Average Sale Price | $4,022,500 | $1,000,000 | 302.25 | $2,619,450 | $2,198,063 | 19.17 |
| Median Sale Price | $4,022,500 | $1,000,000 | 302.25 | $2,155,000 | $1,505,000 | 43.19 |
| Average CDOM | 213 | 0 | N/A | 205 | 209 | -1.91 |
| Median CDOM | 213 | 0 | N/A | 161 | 159 | 1.26 |
