Cole Blair Properties Market Report
Inlet Beach, FL 32461
Single-Family Homes
Cole Blair I Broker, Owner I c. 850.376.3269 I e. cole@coleblair.com
Inlet Beach, FL 32461
Tue May 11 2021
This week the median list price for Inlet Beach, FL 32461 is $2,399,000 with the market action index hovering around 49. This is about the same as last month's market action index of 49. Inventory has increased to 66.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.
Real-Time Market Profile
| Median List Price | $2,399,000 | |
| Median Price of New Listings | $1,695,000 | |
| Per Square Foot | $715 | |
| Average Days on Market | 51 | |
| Median Days on Market | 21 | |
| Price Decreased | 17% | |
| Price Increased | 3% | |
| Relisted | 5% | |
| Inventory | 66 | |
| Median Rent | $4,600 | |
| Market Action | 49 | |
| Strong Seller's Market | ||
Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $6,112,500 | 5,353 | 4,500 - 6,500 sqft | 6 | 6 | 4 | 0 | 1 | 35 |
| $3,270,000 | 3,643 | 4,500 - 6,500 sqft | 5 | 5 | 9 | 2 | 2 | 42 |
| $1,750,000 | 2,660 | 4,500 - 6,500 sqft | 4 | 4 | 5 | 3 | 3 | 7 |
| $1,195,000 | 2,280 | 4,500 - 6,500 sqft | 4 | 3 | 8 | 2 | 5 | 14 |