Freeport – Hammock Bay September 2019 Real Estate Update

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By Lisa Hughley

Lisa HughleyFreeport is one of the fastest growing real estate markets in Walton County. Known as the next “hot spot” to purchase, real estate in Freeport is one of the best buys in the panhandle.

The numbers speak for themselves! Take a look at what is for sale, and what has sold. Take special notice of the price per square ft. abbreviated to psf. All sales have been within the past year.

$0-$100,000
There is 1 home is pending at $98,000. There have been 14 sales with the average property being $77,079.00 selling at 88% of list price with 1273 sf, and $63.92 psf and 360 days on the market.

$101,000 – $200,000
There are 26 active properties ranging $127,000 – $189,900. There are currently 43 pending sales ranging $129,500 – $199,900. There have been 58 properties sold ranging $101,000 – $200,000. The average sale was $158,599 selling at 99% of list price with 1391 sf, and $118.97 psf and 68 days on the market.

$201,000 – $300,000
There are 34 active properties ranging $204,900 to $298,753. There are currently 60 pending sales ranging $204,900 to $299,900. There have been 239 sales ranging $201,000 – $300,000 with the averageproperty selling at $247,651 at 99% of list price, with 1864 sf, and at $134.52 psf and 60 days on the market.

$301,000 – $400,000
There are currently 28 properties available ranging from $302,775 to 399,900. There are currently 20 pending sales ranging $301,791 to $400,000. There have been 92 sales ranging $301,791 to $400,000 with the average sale being $346,252 at 98% of the list price, with an average of 2529 sf, and $139.74 psf and 96 days on the market.

$401,000 – $500,000
There are 19 active properties ranging $412,345 to $489,900. There are currently 11 pending properties ranging $414,760 to 4490,808 with the average pending being $444,033 with 2474 sf. There have been 42 sales ranging $401,422 to $500,000. The average sale being $437,294 at 98% of list price with 2953 sf and $159.96 psf and 86 days on the market.

$501,000 – $750,000
There are 5 active properties for sale ranging from $565,000 to $749,900. There are currently 5 pending sales ranging from $520,358 to $749,000. There have been 16 sales ranging $515,000 to $720,000 with the average sale being $583,046 at 98% of list price with 2862 sf, and at $234.11 psf and 98 days on the market.

Above $750,000
There is one property for sale at $997,000 located on the Bay with 80 ft of waterfront and 3556 sf. It was built in 2001.

Bayfront
There are 3 active properties for sale ranging $565,000 to $997,000. There is one pending property at $449,900. There have been 10 sales ranging from $265,000 to $575,000. The average sale is $443,700 at 96% of list price with 2093 sf, and at $232.15 psf and 110 days on the market.

Are you a golfer?
There are currently 3 active properties located in the gorgeous Windswept golf community ranging $339,000 to $389,900. The average list price is $369,900 with 2389 sf at $156.18 psf and 70 days on the market. There are 4 properties pending sale ranging $329,000 to $749,000 with the average being $464,558 with 3016 sf, at $152.67 psf and 218 days on the market. There have been 19 sales ranging from $278,000 to $572,500 with the average sale being $333,296 at 97% of list price with 2585 sf and $126.12 psf and 116 days on the market.

Hammock Bay
One of the best overall master-planned communities for lifestyle the panhandle has to offer. This neighborhood has everything you could want; a gorgeous clubhouse complete with home theater, gourmet kitchen, exquisite party areas and all overlooking the area pools, lake and expansive neighborhood playground. This is one of my favorite places to show property! Take a look at the activity in Hammock Bay.

There are 25 active properties ranging from $249,000 to $466,900. The average property is listed at $369,565 with 2453 sf and priced at $153.62 psf and 93 days on the market.
There are 30 pending properties ranging from $204,900 to $578,776 with the average property being $360,605 with 2326 sf at $154.60 psf and 42 days on the market.
There have been 182 properties sold over the past year! I checked that number multiple times. Unbelievable! The sold prices have ranged $185,000 to $594,958 with the average sale being $306,668 at 98% of list price with 2283 sf, and at $136.69 psf and 63 days on the market.

I have buyers interested in purchasing residential lots in Freeport as well.

Bayfront Lots
There are 25 active parcels ranging from $62,500 to $1,650,000 with 16 Acres. There are currently 2 pending lots at $125,000 and $225,000. There have been 11 Bay lots sold this past year between $65,000 and $635,000 with 3 Acres. The average sale is $230,091 at 89% of list price with an average of 1 acre and 583 days on the market.

Disclaimer: All information is deemed reliable, but not guaranteed. All property information is from the FlexMLS.

If you or someone you know is interested in Selling, Buying or Investing, call Lisa Hughley!
850-660-1962 (office) or 850-826-2151 (cell)