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Building Industry
Association of
Okaloosa-Walton
Counties, Inc.

Florida Home
Builders Assn.

National Assn.
of Home Builders



Monitoring the Market
Okaloosa County, Florida
  • 1999 New Home Sales by Month
  • 2000 New Home Sales by Month
  • New Homes Available for Sale by Price
  • 1999 Previously Occupied Home Sales by Month
  • 2000 Previously Occupied Home Sales by Month
  • Previously Occupied Homes Available for Sale by Price
  • 1999 Condominium Sales by Month
  • 2000 Condominium Sales by Month
  • Condominium Sales by Price Range
  • Condominium Sales by Type
  • State Origin of Condominium Buyers

    Keep abreast of the housing and condominium market with the latest sales data from the Emerald Coast's leading expert in real estate trends: Bob Hutchison. For more a detailed analysis from Bob Hutchison or specific real estate transaction data, visit InfoLizard, covering Okaloosa, Walton and Santa Rosa Counties.

    To Subscribe to the full version of the Hutchinson Report, contact:
    Robert "Bob" Hutchinson, Florida Realty
    P.O. Box 2196, Fort Walton Beach, FL 32549
    850-244-6030
    E-Mail:hutchison1@home.com



    1999 New Home Sales By Month
    Month
    Number of
    Sales
    Total Sales
    Value
    Average
    Sales Price
    January, 1999
    40
    5,441,100
    136,028
    February, 1999
    56
    6,923,200
    123,629
    March, 1999
    59
    8,706,700
    147,571
    April, 1999
    89
    12,124,700
    136,233
    May, 1999
    60
    8,042,600
    134,043
    June, 1999
    72
    12,209,100
    169,571
    July, 1999
    86
    12,908,100
    150,094
    August, 1999
    68
    9,580,400
    140,888
    September, 1999
    64
    8,559,900
    133,748
    October, 1999
    63
    8,450,500
    134,135
    November, 1999
    68
    8,522,900
    125,337
    December, 1999
    69
    9,657,700
    139,967
    1999 YTD Totals
    794 units
    111,010,400
    139,812
    1998 YTD Comparison
    920 units
    112,234,570
    121,994
    1997 YTD Comparison
    768 units
    84,136,410
    109,553
    1996 YTD Comparison
    787 units
    84,509,800
    118,196





    2000 New Home Sales By Month
    Month
    Number of
    Sales
    Total Sales
    Value
    Average
    Sales Price
    January, 2000
    37
    5,311,357
    143,550
    February, 2000
    37
    4,609,200
    124,573
    March, 2000
    46
    6,221,500
    135,250
    April, 2000
    44
    5,891,657
    133,901
    2000 YTD Totals
    191 units
    25,446,114
    133,226




    New Homes Available For Sale, by Price
    As of 03/01/00
    Fort Walton Niceville Destin Crestview TOTAL
    Under $70,000
    0
    0
    0
    3
    3
    $70,000 to $79,999
    0
    0
    0
    0
    0
    $80,000 to $89,999
    0
    0
    0
    7
    7
    $90,000 to $99,999
    27
    0
    0
    14
    41
    $100,000 to $124,999
    17
    0
    7
    23
    47
    $125,000 to $149,999
    18
    9
    6
    3
    36
    $150,000 to $174,999
    2
    7
    6
    0
    15
    $175,000 to $199,999
    0
    3
    4
    0
    7
    $200,000 to $249,999
    1
    18
    3
    0
    22
    $250,000 to $299,999
    0
    4
    9
    0
    13
    Over $300,000
    6
    2
    33
    0
    41
    Totals for
    02/00
    71
    43
    68
    50
    232
    Totals for
    01/00
    67
    38
    70
    69
    244/STRONG>
    Increase/
    Decrease
    6.0%
    13.2%
    -2.9%
    -27.5%
    -4.9%



    Month
    Number of
    Sales
    Total Sales
    Value
    Average
    Sales Price
    January, 1999
    153
    18,068,600
    118,095
    February, 1999
    207
    25,337,700
    122,404
    March, 1999
    202
    22,662,400
    112,190
    April, 1999
    257
    31,393,400
    122,153
    May, 1999
    279
    32,435,840
    116,257
    June, 1999
    287
    35,085,500
    122,249
    July, 1999
    264
    32,980,000
    124,924
    August, 1999
    268
    35,587,300
    132,788
    September, 1999
    212
    24,331,100
    114,769
    October, 1999
    227
    26,268,000
    115,718
    November, 1999
    209
    24,731,800
    118,334
    December, 1999
    204
    22,961,150
    112,555
    1999 YTD Totals
    2,768 units
    331,471,490
    119,751
    1998 YTD Comparison
    2,720 units
    322,469,700
    118,555
    1997 YTD Comparison
    2,522 units
    272,088,864
    107,886
    1996 YTD Comparison
    2,787 units
    283,283,742
    101,645




    Month
    Number of
    Sales
    Total Sales
    Value
    Average
    Sales Price
    January, 2000
    157
    19,357,257
    123,295
    February, 2000
    165
    19,950,157
    120,910
    March, 2000
    276
    31,301,086
    113,410
    April, 2000
    225
    34,306,100
    152,472
    2000 YTD Totals
    823 units
    104,914,600
    127,478




    Previously Occupied Homes Available For Sale, by Price
    As of 03/01/00
    Fort Walton
    Niceville
    Destin
    Crestview
    TOTAL
    Under $70,000
    24
    12
    0
    26
    62
    $70,000 to $79,999
    42
    8
    2
    7
    59
    $80,000 to $89,999
    36
    6
    0
    12
    54
    $90,000 to $99,999
    39
    5
    0
    21
    65
    $100,000 to $124,999
    43
    22
    20
    12
    97
    $125,000 to $149,999
    38
    28
    24
    9
    99
    $150,000 to $174,999
    28
    16
    15
    6
    65
    $175,000 to $199,999
    11
    13
    21
    3
    48
    $200,000 to $249,999
    17
    16
    223
    1
    57
    $250,000 to $299,999
    12
    5
    22
    1
    40
    Over $300,000
    49
    16
    99
    0
    164
    Totals for
    02/00
    339
    147
    226
    98
    810
    Totals for
    01/00
    301
    151
    155
    594
    1,201
    Increase/
    Decrease
    11.2%
    -2.7%
    31.4%
    -506.1%
    -48.3%



    1999 Condominiums Sales By Month
    (New & Previously Occupied)
    Month
    New
    Resale
    Total Sales
    Value of
    New Units
    Total Sales
    Value of
    Resale Units
    Average New
    Sales Price
    Average
    Resale Price
    Average Price
    Per Square
    Foot New
    Jan.
    68
    90
    19,347,700
    16,335,800
    284,525
    181,509
    213.55
    Feb.
    44
    84
    13,524,800
    18,947,300
    307,382
    225,563
    217.55
    March
    58
    120
    12,439,200
    24,299,600
    214,469
    202,497
    204.45
    April
    27
    151
    14,986,900
    29,988,500
    555,070
    198,599
    211.35
    May
    61
    149
    27,554,900
    33,198,800
    451,720
    222,811
    193.31
    June
    122
    162
    26,480,400
    35,150,000
    217,052
    216,975
    189.82
    July
    56
    128
    15,777,900
    27,409,300
    281,748
    214,135
    188.35
    Aug.
    121
    141
    39,075,000
    30,527,800
    322,934
    216,509
    190.12
    Sept.
    77
    134
    19,232,000
    30,242,900
    249,766
    225,693
    192.56
    Oct.
    50
    114
    10,756,802
    25,096,000
    215,316
    220,140
    212.20
    Nov.
    148
    113
    53,006,100
    21,420,300
    358,149
    189.560
    193.92
    Dec.
    105
    98
    27,617,700
    18,627,200
    263,026
    190,073
    207.28
    1999
    YTD
    Totals
    937
    1,484
    279,799,402
    311,243,500
    298,612
    209,733
    215.47


    2000 Condominiums Sales By Month
    (New & Previously Occupied)
    Month
    New
    Resale
    Total Sales
    Value of
    New Units
    Total Sales
    Value of
    Resale Units
    Average New
    Sales Price
    Average
    Resale Price
    Average Price
    Per Square
    Foot New
    Jan. 2000
    76
    87
    24,500,222
    17,891,600
    322,371
    205,651
    260,073
    Feb. 2000
    46
    54
    12,810,400
    11,070,114
    278,487
    205,002
    238,805
    March. 2000
    31
    44
    8,231,300
    10,237,543
    265,526
    232,671
    246,251
    2000
    YTD
    Totals
    153
    185
    45,541,922
    39,199,257
    297,660
    211,888
    250,714


    Condominium Sales by Price Range YTD
    Price Range
    Total Units
    Sold
    Market
    Share
    Under $50,000
    27
    5.0%
    $50,000 to $74,999
    30
    6.2%
    $75,000 to $99,999
    29
    6.0%
    $100,000 to $124,999
    25
    5.2%
    $125,000 to $149,999
    35
    7.3%
    $150,000 to $174,999
    57
    11.9%
    $175,000 to $199,999
    32
    6.7%
    $200,000 to $224,999
    44
    9.2%
    $225,000 to $249,999
    36
    7.5%
    $250,000 to $274,999
    22
    4.6%
    $275,000 to $299,999
    13
    2.7%
    $300,000 to $349,999
    27
    5.6%
    $350,000 to $399,999
    27
    5.6%
    $400,000 to $499,999
    27
    5.6%
    Over $500,000
    46
    9.6%
    Total Units
    477
    100.0%


    Condominium Sales by Type
    Geographical
    Location
    Total Units
    Sold
    Average Price
    per Square Foot
    Gulf Front
    193
    241.63
    Gulf Front/Golf Course
    14
    317.54
    Gulf Access
    13
    137.28
    Gulf Access/Gulf View
    57
    166.09
    Gulf Access/Golf Course
    20
    163.08
    Gulf Access/Canal Access
    4
    161.53
    Golf Course / Gulf Access, Bay Front
    2
    160.52
    Gulf Access/Lakefront/Golf Course
    1
    264.59
    Gulf Access/Lakefront
    5
    130.68
    Gulf Access / Interior
    1
    90.58
    Gulf View
    41
    214.65
    Harbor Front
    1
    183.51
    Bay Front
    15
    120.02
    Bay Front / Golf Course
    2
    160.52
    Sound Front
    10
    146.10
    Total Units
    338
    198.71


    State of Origin of Condo Buyers
    State
    Number
    of Units
    Percentage
    of Total
    Alabama
    57
    11.95%
    Florida
    10
    2.9%
    Georgia
    81
    16.9%
    Louisiana
    21
    4.4%
    Mississippi
    12
    2.5%
    Tennessee
    45
    9.4%
    Texas
    17
    3.5%
    Local
    121
    25.4%
    Other
    113
    23.9%
    Totals
    477
    100.0%

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