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The Santa Rosa Beach real estate market exhibits a moderate level of competitiveness. The middle-of-the-market sale price for homes in Santa Rosa Beach stands at an impressive $1.05 million.
Offer and Sale Dynamics in Santa Rosa Beach
Santa Rosa Beach homes often entertain multiple offers, reflecting a bustling marketplace. In general, homes sell for around 4% less than the asking price. In some cases, this margin shrinks further, with homes selling for just about 1% less than the list price.
Time on Market in Santa Rosa Beach
Typically, homes in Santa Rosa Beach become pending around the 43-day mark post-listing. However, in more competitive situations, homes have been known to go under contract in a swift 15 days.
Santa Rosa Beach Market Type
The current real estate market in Santa Rosa Beach leans in favor of buyers, which suggests that homes tend to list at lower prices and remain on the market for extended periods.
Year-over-Year Trends in Santa Rosa Beach
When comparing to last year's statistics, homes in Santa Rosa Beach have sold for a notable 8.7% increase in price. This trend underscores the strong growth in property values in the area.
Advice for Santa Rosa Beach Home Buyers
Considering the rapid pace at which homes in Santa Rosa Beach tend to sell, prospective buyers should be ready to act promptly when they find a property that meets their preferences.
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