Page 2 - Bay_County_Townhouses_and_Condos_2017-Q2_Detail_Neat

Quarterly Market Detail - Q2 2017
Townhouses and Condos

Okaloosa County

Percent Change
Cash Sales Quarter Cash Sales Year-over-Year
Q2 2017 131 13.9%
The number of Closed Sales during the quarter in Q1 2017 113 34.5%
which buyers exclusively paid in cash Q4 2016 80 -16.7%
Q3 2016 92 -13.2%
Q2 2016 115 1.8%
Q1 2016 84 -16.0%
Economists' note : Cash Sales can be a useful indicator of the extent to
which investors are participating in the market. Why? Investors are Q4 2015 96 -8.6%
far more likely to have the funds to purchase a home available up front, Q3 2015 106 -1.9%
whereas the typical homebuyer requires a mortgage or some other Q2 2015 113 -0.9%
form of financing. There are, of course, many possible exceptions, so Q1 2015 100 1.0%
this statistic should be interpreted with care. Q4 2014 105 -13.9%
Q3 2014 108 -27.5%
Q2 2014 114 -29.6%

2013 2014 2015 2016
200

Cash Sales 150
100

50
0
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

Percent of Closed Percent Change
Cash Sales as a Percentage of Closed Sales Quarter Sales Paid in Cash Year-over-Year
Q2 2017 44.7% -11.3%
The percentage of Closed Sales during the quarter Q1 2017 49.6% 11.0%
which were Cash Sales Q4 2016 37.0% -27.2%
Q3 2016 41.4% -15.7%
Q2 2016 50.4% 1.2%
Q1 2016 44.7% -11.5%
Q4 2015 50.8% -3.2%
Economists' note : This statistic is simply another way of viewing
Cash Sales. The remaining percentages of Closed Sales (i.e. those not Q3 2015 49.1% -2.2%
paid fully in cash) each quarter involved some sort of financing, such Q2 2015 49.8% -3.9%
as mortgages, owner/seller financing, assumed loans, etc. Q1 2015 50.5% -12.8%
Q4 2014 52.5% 1.2%
Q3 2014 50.2% 0.0%
Q2 2014 51.8% 8.4%

2013 2014 2015 2016
80%
Pct. of Closed Sales Paid in Cash 60%

40%

20%
0%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Wednesday, August 9, 2017. Next quarterly data release is Thursday, November 2, 2017.