What began in 1995 as a vision has become a staple in luxurious beach living for nearly 25 years. Designed with walkability in mind and views of the Gulf of Mexico at the forefront, properties within the eclectic community of Rosemary Beach have maintained their status as some of the most desirable homesites in northwest Florida.
With multiple banner years having come and gone and record-shattering sales pricing being collected at closing, 2019 has proven to be a mixture of both a “seller’s market” as well as an opportunity for buyers to find fantastic value.
Upon analyzing the data collected within one of the healthiest buying seasons for beach real estate, two things remain true when a seller is considering putting their home on the market: In what condition will you offer your property? And, what price will you set?
Pinpointing the data thus far in 2019, Rosemary Beach single family homes have seen a 3% increase in average sales price, as well as a 14% increase in the price per square foot when compared to the same point in time the past year. While Q2 did see a drop in overall sales price when compared to the same time frame in 2018, a desirable increase of 3% in the list-to-sales has set the tone for strong listings hitting the market in Q3 of this year.
Other notable findings in recent Rosemary Beach sales indicate that while there is a 20% increase in current inventory available for sale, the year-to-date days on market per property has dropped 43%, providing an average of 138 days from list to sale.
Looking at which properties are skewing the data, we are seeing renovated, well-maintained homes, priced according to the market, selling, while dated interiors, deferred maintenance, and aspirational pricing are not enticing buyers to take the plunge.
For additional sales information on Rosemary Beach and other communities in our market, please view our current Market Report.
Interested in seeing what your money can buy in Rosemary Beach? Read up on it here.