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WaterColor Real Estate

Posted by Tim Shepard - Broker on Tuesday, February 18th, 2014 at 12:00am.

WaterColor Real Estate

While there are many great homes on 30A, WaterColor Real Estate is arguably the most highly sought after.  Demand for lots, homes, and condos all remained strong in 2013.  Natural beauty from coastal dune lakes, state forests, and the beaches of South Walton, surround WaterColor on all sides. Who wouldn't want to own a slice of this paradise.

WaterColor Homes

Homes sales in WaterColor increased for the third concecutive year. As expected, the average days on market for new listings decreased by 25%.  In other words, if you see something you like, dont wait. The higher priced luxury homes in WaterColor definitely made a comeback with the most expensive home selling for $4,550,000.

Homes 2011 2012 2013
Number of Homes Sold 78 96 113
Highest Sales Price $2,800,000 $2,970,000 $4,550,000
Lowest Sales Price $480,000 $480,000 $520,000
Median Sales Price $896,000 $975,000 $950,000
Avg. $/sf $330.04 $391.13 $392.29
%Sales/List Price  91%  92%  95%
Average Days on Market 233 203 153

WaterColor Condos

WaterColor condo sales dropped off in 2013 with only 8 units changing hands.The lowest closed sales price was $510,000 which was signifcantly higher than the $350,000 unit that sold the previous year.  The median sales price also increased to $627,625. I would expect condo sales to improve as home prices increase.

Condos 2011 2012 2013
Number of Condos Sold 10 14 8
Highest Sales Price $1,315,000 $1,350,000 $1,410,000
Lowest Sales Price $375,228 $350,000 $510,000
Median Sales Price $596,000 $577,750 $627,625
Average $/sf $371.69 $400.3 $476.21
% Sales/List Price  91%  92%  92%
Average Days on Market 171 282 116

WaterColor Lots

For those that don't have immediate plans to retire, vacation, or move to the beach, a WaterColor lot might be perfect for you.  Lots in WaterColor allow you to lock into ownership while waiting to build without worrying about future supply.  You can expect to pay $350,000 or more for a nice lot.

Lots 2011 2012 2013
Number of Lots Sold 54 75 50
Highest Sales Price $835,000 $1,400,000 $1,300,000
Lowest Sales Price $75,000 $107,000 $140,000
Median Sales Price $270,000 $350,000 $377,500
% Sales/List Price  86%  95%  94%
Average Days on Market 289 313 191

We would be happy to assist you with your WaterColor Real Estate needs, just give us a call.


Listing Updates

 

Logo for Destin Real Estate, LLC

Tim Shepard, Broker/Owner
Destin Real Estate, LLC
Cell: (850) 259-4133
Toll Free: (866) 678-SOLD

https://www.browsedestin.com

 

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