Rosemary Beach South Market Real Estate
Rosemary Beach South side real estate continues to escalate on the ask but is trending down on the sale side. Absorption rate dropped again year-over-year by 13.42% and year-to-date by 15.43%. This means it is taking less time to sell current inventory than last year. Average list price exploded by 27.91% year-over-year and is up 9.63% for the year but average sale price is not supporting this explosion with a drop in the year-over-year price by 13.99% yet is still up a healthy 16.22% year-to-date. Median list price is up almost as much year-over-year at 26.61% and 9.25% year-to-date and again not supported in sale price year-over-year with a drop of 13.99% but is up a full 50.17% year-to-date. Average days on market year-over-year is up 102.57% and 3.87% year-to-date and median is up 120.06% year-over-year and 1.03% for the year so it’s taking longer to sell listings than it did last year. There was only 1 sale in Rosemary Beach South for the month and 2 last year in October so a drop of 50% year-over-year and now with 21 year-to-date vs. 22 last year Rosemary Beach stands at a 4.5% drop in total sales volume for the year vs. last year. Pending listings look almost identical to closed sales with 1 pending for the month vs 2 last year and 21 for the year vs. 23 last year for a 8.7% drop. Active listings for the month stand at 28 vs. 31 last year down 9.7% and year-t0-date are 65 vs. 68 for a 4.4% drop so less sellers are hitting the market illustrating there is not a bull rush to take advantage of escalating prices. There were only 2 new listings this month, the same as last year and for the year a total of 34 new listings vs. 40 last year for a 15.0% drop so again, sellers are not rushing to sell. This trend should keep prices stable and up somewhat even with October’s average and median sale price drops.
|Oct-15||Oct-14||% Chg||2015 YTD||2014 YTD||% Chg|
|Average List Price||$4,025,839||$3,147,339||27.91||$3,284,062||$2,995,507||9.63|
|Median List Price||$3,545,000||$2,800,000||26.61||$2,949,000||$2,699,250||9.25|
|Average Sale Price||$2,290,000||$2,662,500||-13.99||$2,603,762||$2,240,284||16.22|
|Median Sale Price||$2,290,000||$2,662,500||-13.99||$2,260,000||$1,505,000||50.17|