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Santa Rosa County Q4 2024 Real Estate Market Trends

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📊🏡 Timothy Bates Florida Realtors Sunstats Infographic: Santa Rosa County The Numbers      The latest Northwest Florida housing market stats from Florida Realtors HQ  are in! During Q4 2024, h ere’s what happened with traditional, single-family home sales around  Santa Rosa County, Florida . The real estate market is constantly evolving, and understanding the latest trends can help you make informed decisions—whether you're looking to buy or sell in Santa Rosa County. Active Inventory: 1,238 homes (+30% YoY) Closed Sales: 946 homes (+31% YoY) Average Sale Price: $413,125 (+4.2% YoY) Median % of List Price Received: 96.8% (slightly down from 97% last year) Median Time on Market: 106 days (up from 81 days last year) Months Supply of Inventory: 3.8 months (up from 3.1 months last year) Beyond the Numbers      With increased inventory and steady demand, the market is shifting. Buyers have more room to negotiate, but sellers still hol...

Q & A with REALTOR® Tim

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Q & A with REALTOR® Tim FIREBASE SHKIN / FIREBASE LILLEY WITH MASCOT 'ED'. Photo credit: Timothy Bates How did you get started as a real estate agent?      When transitioning after 26 years of military service in the U.S. Army , which included over two decades as a Special Forces Green Beret,' I wanted a career that would allow me to be present as a husband and father and continue serving others at the local level; the meaningful relationships. My family and I handled Permanent Change of Station relocation challenges throughout my military career. I wanted to help other military families navigate this process more smoothly. Real estate was the perfect fit due to its complex problem-solving and service-oriented nature. The industry is so broad and complex that real estate professionals can spend a lifetime learning and will never have all the most up-to-date answers. Real estate is a team sport. Plus, being a real estate agent includes an active lifestyle. It's diff...

Buyer’s Agent Compensation Benefits to Buyers?

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  Buyer’s Agent Compensation Benefits to Buyers?   SELLER TIP: BUYER'S AGENT COMPENSATION. Photo credit: Timothy Bates   HOW OFFERING BUYER'S AGENT COMPENSATION CAN BENEFIT SELLERS   I’ve answered questions about  Buyer’s Agent Compensation  many times. Many buyers and sellers are still unaware of the significant change in the real estate industry in 2024. Whether to offer compensation to a  buyer’s agent  and the compensation you may offer is your choice. There is no legal or other obligation to provide such compensation. However, so that you can make an informed decision and understand why we recommend you make such an offer, below are some points to consider regarding why we believe there are significant benefits to doing so. ·        The most significant benefit of offering compensation to a buyer’s agent is to help make your property attractive to the broadest possible pool of potential buyers. Experie...