Rosemary Beach Real Estate
Rosemary Beach Real Estate Statistics
Rosemary Beach Real Estate numbers are hard to gauge in January because of such low activity, but here it is.
Absorption rate dropped 16.13% to 13 months which is high. Being one of the more pricey areas on 30A this isn’t surprising as new listings hit the market and take while for the right buyer to come along. But that is life in the second home luxury market. Average days on market jumped 1526% to 813 days but we only had 2 sales in the month so it’s not a great sample. That said, those two sales on average took a loooong time to sell. Median days on market for the month of January were 410 vs. last year’s 50 days for a 720% increase. Small samples such as this allow for outlier numbers sometimes large sometimes small.
Average list price is up 55.45% year-over-year to $4,355,518 and 34.72% to $3,884,919 year-to-date. Average sale price on the other hand dropped 61.27% to $2,285,000 in January vs. last January and for the year is the same.
Median list price is up 38.21% in January to $3,800,000 and for the year rose 22.53% to $3,400,000 while median sale price mirrored average sale price. Again we only had 2 sales.
As stated previously there were only 2 sales in January 2016 to last year’s 1 sale so volume is actually up 100%.
Pending sales are 1 while last year there were 3, down 66.7%.
Active listings reside at 26 year-over-year vs. last year’s 31, down 16.1%. Year-to-date active listings are 31 to last year’s 34 at this time. New listings were 4 vs. last year’s 3. It looks as though inventory is dropping which is likely a causal effect of listing price increases but we’ll have to continue watching actual sale prices to see if they can keep pace.
|Jan-16||Jan-15||% Chg||2016 YTD||2015 YTD||% Chg|
|Average List Price||$4,355,518||$2,801,823||55.45||$3,884,919||$2,883,691||34.72|
|Median List Price||$3,800,000||$2,749,500||38.21||$3,400,000||$2,774,750||22.53|
|Average Sale Price||$2,285,000||$5,900,000||-61.27||$2,285,000||$5,900,000||-61.27|
|Median Sale Price||$2,285,000||$5,900,000||-61.27||$2,285,000||$5,900,000||-61.27|