Watersound Beach Market Report
Watersound Beach Market Report Statistics
Watersound prices are going up up and up!
Absorption rate hence inventory is up to 9.96 months or 111.02% year-over-year.
Average list price jumped 8.21% to $2,381,552 from last year’s price of $2,200,802.
Average sale price rose 27.24% to $1,802,500 against last year’s $1,416,591.
Median list price is up 19.44% to $2,024,500 vs. last year’s price of $1,695,000.
Median sale price has risen 16.35% to $1,672,500 vs. last year’s $1,437,500.
Average days on market is up 3.90% to 80 days while last year days on market was 77.
Median days on market is down 19.64% to 45 days against last year’s 45 days.
Watersound Real Estate Market Volume
Close sales volume is down 50% with 4 sales against 8 last year.
Pending sales volume is down 63.6% with 4 currently in the queue vs. last year’s 11.
Active listings are up 18.9% to 44 listings vs. last year’s 37 total.
New listings are down 50% with 7 against last year’s 14 in May.
Overall in regards to pricing one might think the market is looking strong with average and median sale and list prices going North. However, inventory is rising and closed and pending sales are down significantly pointing towards what may be a soon to be moderation of sale price increases. We will need to see how this trend continues.
|May-16||May-15||% Chg||2016 YTD||2015 YTD||% Chg|
|Average List Price||$2,381,552||$2,200,802||8.21||$2,031,846||$1,741,754||16.66|
|Median List Price||$2,024,500||$1,695,000||19.44||$1,795,000||$1,595,000||12.54|
|Average Sale Price||$1,802,500||$1,416,591||27.24||$1,578,448||$1,063,127||48.47|
|Median Sale Price||$1,672,500||$1,437,500||16.35||$1,537,500||$732,000||110.04|