The February 2014 Sales Figures Are In from the Florida Association of Realtors:
HOMES
Closed Sales are up over February, 2013 by 17.4% ( 135)
Pending Sales are up over February, 2013 by 2.3% (183)
Cash Sales are practically the same over February, 2013 (44)
Sales price as Percentage of List Price is up over February, 2013 by 2.0% to 94.0%.
Foreclosure sales are down 9% over last year with short sales falling by 28.4%.
CONDOMINIUMS
Closed sales are the same as February 2013 at 60.
Pending Sales are down 11% over February, 2013 by 11% (72)
Cash Sales are down over February, 2013 by 21% (26)
Sales Price as Percentage of List Price almost identical to February, 2013 at 91%.
Foreclosure Sales are up by 150% over February, 2013 (10) with short sales falling to zero this year.
Most economist agree that the best indicator of the market is a month over month comparison of closed transactions. Here in Walton County, those numbers are very positive with an increase in home sales of 17.4% at 135 and the condo market tracking at the same rate as last year at 60. Lets see how the market does as weather begins to warm and vacation time kicks in…Bet it’s good…