CHANDLER'S REPORT: Sales prices up, numbers of sales slightly down

Published: Thursday, March 6, 2014 at 15:40 PM.

South of the Bay, North of Hwy 98 (excluding Sandestin):

Sales were up for all property types in this area. There were 15 vacant lot sales, up from 14 in February 2013. The average price was up, from $31,714 to $49,330. There were 27 single family and condominium sales, up 12 percent from 24 in February 2013. The average price of a home was $248,824, up 26 percent from $198,026 in February 2013. Per square foot, the average price was $120, up 15percent from $104 last year. 

Freeport to Niceville:

The Freeport and Hwy 20 area showed increased volume but declining sales prices for the past month. There were 10 vacant lot sales, up from 8 in February 2013. The average price was down from $47,125 to $36,613 this February.  There were 19 single family and condominium sales, up 46percent from 13 in February 2013. The average price of a home was $144,962, down 26percent from $197,094 in February 2013. Per square foot, the average price was $79, down 11percent from $89 last year. 

North Walton County , including DeFuniak Springs:

There were four vacant lot sales, up from three in February 2013. The average price was down from $50,867 to $9,450 this February.  Please note that two of the three sales in February 2013 were of larger parcels whereas three of the four sales this past February were small lots. There were 10 single family sales, down 38percent from 16 in February 2013. The average price of a home was $87,750, up 3percent from $85,187 in February 2013. Per square foot, the average price was $57, down 16percent from $49 last year. 

Garner Chandler is a broker associate with 30A Local Properties in Grayton Beach . She is a member of the Counselors of Real Estate and of CCIM. She can be reached at garner@realestateon30a.com or 850-218-1020.



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