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 |