Oh Yeah, Oh Yeah! 8 Facts about 2015 Results for Miramar Beach (Excluding Sandestin).
Biggest surprise? The staggering – but not unprecedented – 18% increase in the median sale price from 2014 through 2015. This was great news for those who sold in 2015. Not so good moving forward. Because no way an 18% per annum increase is sustainable infinitum. The DOM is relatively stable at 133 as is ...
Biggest surprise? The staggering – but not unprecedented – 18% increase in the median sale price from 2014 through 2015. This was great news for those who sold in 2015. Not so good moving forward. Because no way an 18% per annum increase is sustainable infinitum. The DOM is relatively stable at 133 as is the SLP at 96%. Supply and demand are in balance.
I believe 2016 will be a good year in real estate for this area – but be careful. Engage a competent realtor. Negotiate the median – not the average sale price. Walk away if it’s too much. Focus on rental dollars.
Owners, get it while you can – only if you are moving out of the area. Buyers: Wait until 2017-2018. Unless you don’t mind paying top dollar.
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(1) How Long to Sell a home in Miramar Beach? 133 Days
(2) Supply and Demand Are in Balance
(3) There are 101 Active Detached Single Unit Home Listings For Sale
(4) Median Sale Price is $380,000
(5) Average Sale Price is $523,727
(6) Over $85,000,000 Total Dollars Sold YTD – up 21% over 2014
(7) Most Homes Are Selling 4% Less Than List Price
(8) Values Are Increasing
BLT: “Oh Yeah” by Bat for Lashes
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BBQ: “The mind once enlightened cannot again become dark.”
– by Thomas Paine