Santa Rosa Beach Market Report
Santa Rosa Beach Market Report Statistics
Santa Rosa Beach market report shows continued upward swing in list prices but a drop in sale prices.
- Absorption rate year-over-year fell 4.60% to 7.47 months from last year’s 7.83 months of inventory.
- Average list price rose 22.06% this July vs. last July to $1,173,227 from $961,185.
- Average sale price fell 14.22% year-over-year to $694,926 against last July’s price of $810,100.
- Median list price is up this July be 9.23% to $649,900 from last year’s $595,000.
- Median sale price is not cooperating and fell 2.79% to $481,000 from last July’s price of $494,787.
- Average days on market dropped 20.86% year-over-year to 148 days against 187 days.
- Median days on market fell 26.88% to 68 days vs. last July’s 93 days on market.
Santa Rosa Beach Market Report Volume
- Sales volume fell 9.1% year-over-year with a total of 110 closed sales vs. last year’s 121 closings.
- Pending sales volume is up 2.9% year-over-year with 106 vs. last year’s 103.
- Current active listings in July fell 3.4% with 778 against last year’s 805.
- New listings are down 10.2% with 132 vs. last July’s 147.
As new and active listings are falling this could have a negative impact of selection and prop sales prices back up but it will be interesting to see if list prices continue to outstrip the sale price by this much.
| Summary Statistics | ||||||
| Jul-16 | Jul-15 | % Chg | 2016 YTD | 2015 YTD | % Chg | |
| Absorption Rate | 7.47 | 7.83 | -4.60 | 7.17 | 8.12 | -11.70 |
| Average List Price | $1,173,227 | $961,185 | 22.06 | $935,695 | $818,019 | 14.39 |
| Median List Price | $649,900 | $595,000 | 9.23 | $539,900 | $499,500 | 8.09 |
| Average Sale Price | $694,926 | $810,100 | -14.22 | $654,197 | $655,157 | -0.15 |
| Median Sale Price | $481,000 | $494,787 | -2.79 | $415,900 | $404,950 | 2.70 |
| Average CDOM | 148 | 187 | -20.86 | 150 | 189 | -20.63 |
| Median CDOM | 68 | 93 | -26.88 | 78 | 115 | -32.17 |
