Current real estate market conditions:

Throughout 2011 county-wide home prices continued their downward trend. Nevertheless both commercial real estate and vacant land in the northern part of the county showed slight price upticks since 2010. Overall commercial activity in the Defuniak area was slightly increased. However, in general terms, real estate indicators seem to remain essentially flat in north Walton county areas and that scenario appears likely to continue through 2012.

Commercial real estate activity along the coast appeared fairly flat throughout 2011. Nevertheless this year's lower residential prices in the south Walton County beach areas generated more CLOSED TRANSACTIONS and greater dollar volumes SOLD than in recent years. Vacant residential land prices along the coast enjoyed a small but noticable uptick. In general terms, beach real estate seems to have enjoyed a slight recovery as a result of falling prices. It appears that trend is likely to continue into 2012.

MLS real estate inventories generally declined in all tracked areas.

Graphical representations of available MLS data from 2004 through 2011 can be found here for local Defuniak Springs area real estate and here for beach area real estate.

In any case real estate remains a classic long term investment and in these uncertain times individuals flush with cash and long term vision—with progeny to protect and looking forward at least 15 years—might consider additional well-researched real estate holdings—tangible finite assets conveying historically lucrative monopolies.

I can help locate properties suitable to your goals and tastes.
Call John at (850) 217-8104.