Here are the statistics for condos between Destin and Inlet Beach. In 2007 they closed a pre-construction building so the numbers are skewed. I stated this last year and I stand by the fact that the condo market will take longer to recover. In my opinion it will be in this order; single family homes, condos, followed by raw land. The market is headed in the right direction and we should all be excited about that!
| Sales and Inventory Report | ||||||||
|---|---|---|---|---|---|---|---|---|
| Category - Condominiums Statistics for Entire MLS from 1/1/2007 - 12/31/2008 | ||||||||
| Month | Year | Monthly Sales | Avg List $ | Avg Sale $ | Avg DOM | Discount | Current Inventory | Months Inventory |
| January | 2007 | 269 | $511,627 | $499,668 | 211.80 | 2.39% | 2987 | 11.10 |
| February | 2007 | 109 | $475,540 | $458,366 | 270.15 | 3.74% | 3065 | 28.11 |
| March | 2007 | 148 | $479,263 | $468,256 | 231.69 | 2.35% | 3185 | 21.52 |
| April | 2007 | 81 | $542,624 | $518,573 | 268.78 | 4.63% | 3346 | 41.30 |
| May | 2007 | 94 | $771,954 | $715,981 | 243.81 | 7.81% | 3358 | 35.72 |
| June | 2007 | 124 | $985,677 | $932,906 | 212.87 | 5.65% | 3407 | 27.47 |
| July | 2007 | 87 | $891,591 | $841,236 | 272.18 | 5.98% | 3354 | 38.55 |
| August | 2007 | 59 | $741,864 | $698,110 | 231.95 | 6.26% | 3327 | 56.38 |
| September | 2007 | 47 | $711,240 | $667,100 | 197.84 | 6.61% | 3204 | 68.17 |
| October | 2007 | 39 | $802,089 | $740,141 | 197.02 | 8.36% | 3097 | 79.41 |
| November | 2007 | 37 | $673,362 | $599,382 | 297.30 | 12.34% | 2955 | 79.86 |
| December | 2007 | 46 | $581,998 | $530,331 | 289.50 | 9.74% | 2844 | 61.82 |
| Total: | 1140 | $646,375 | $613,885 | 243.74 | 6.32% | 3177 | 45.78 | |
| Month | Year | Monthly Sales | Avg List $ | Avg Sale $ | Avg DOM | Discount | Current Inventory | Months Inventory |
| January | 2008 | 24 | $858,037 | $749,791 | 343.13 | 14.43% | 2608 | 108.66 |
| Total: | 24 | $858,037 | $749,791 | 171.57 | 1.20% | 217 | 9.05 | |
| Grand Total: | 2007 - 2008 | 1164 | $650,739 | $616,687 | 251.39 | 7.53% | 3394 | |
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