Aug 13, 2011
Some good news for homeowners in Northwest Florida! The average price of a single family home has increased almost 3% through July, 2011! Moreover, the number of closed transactions has risen 17% – a strong indicator that our market is getting healthier. These stats are only for homes sold via a Realtor®, but these they are a pretty good indication of the trend as there are very few private sellers in today’s market. The areas covered reach from the western section of South Santa Rosa County to the eastern boundary line between Bay and Walton counties. This includes all of the northern part of Okaloosa and Walton Counties. Why do we like to hear this news? Because, it benefits both buyers and sellers. Sellers can begin to recover some of their losses, especially if purchased during the great run-up during the housing bubble. And, for buyers, it is good to know because purchasing a home now at the start of an upward climb is ideal – since buyers become sellers sooner or later. A homebuyer – and homeowner – may start to see growth in his or her investment, while enjoying the roof overhead.