Destin Real Estate Update - May 2016
Posted by Tim Shepard - Broker on
This Destin real estate update gives you a snapshot of home, condo and land sales in Destin FL and the surrounding Emerald Coast areas for May, 2016.
Destin Home Sales
Destin home sales in May 2016 reflected an active market with almost $30,000,000 in sales volume. The average price was $596,972 and houses closed at an impressive 94% of selling price. Sales of luxury homes on 30A have been red hot with median prices approaching $2,000,000 in both Rosemary Beach and Seaside. WaterColor was extremely popular with 55 homes sold at a median price of $1,275,000. WaterSound came in at a close fourth with 37 sales averaging only 97 days on the market and closing at 98% of the asking price.
North of 30A, Niceville sold 80 homes at 98% of the list price…
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Whether fishing is your thing or not, the Emerald Coast Blue Marlin Classic is an event that's not to be missed here in Destin. Established in 2003, this is a world-class event and one of the top marlin fishing tournaments in North America. Almost $2 million dollars in prize money is a big draw, but it's the bragging rights that really attracts anglers from all over the country. This is serious business with entry fees ranging from $5,000 to $71,561 per team.
What Are the Most Important Features to Home Buyers?
Quite the crowd gathered for the recent meeting to discuss options for replacing or enlarging the Brooks Bridge in downtown Fort Walton Beach. The bridge was constructed in 1964 with an expected 50-year design life. It no longer meets current design standards with deficiencies in the Disabilities Act requirements and navigational clearance for this portion of the Intracoastal Waterway.
If you've never been on Visitsouthwalton.com, it's a great little site that celebrates everything South Walton. Recently they had an interesting feature article about the origins of Raw & Juicy a popular Seaside juice bar. This story reminded me that so many of our local South Walton businesses have been founded by people who have accidentally discovered this amazing stretch of the Emerald Coast, and decided to stay.
If you're planning on a real estate purchase in the near or distant future, it might be worth taking a look at your bill-paying habits. You might be rewarded for your good behavior. When it comes to credit, are you a "transactor" or a "revolver?"
Part of our service as realtors is to play matchmaker for our clients. Once we have a good idea of the type of home or condo a buyer is looking for, then we use our knowledge of the area and the local market to find the perfect match.