Destin Real Estate Update - July 2016
Posted by Tim Shepard - Broker on
This Destin real estate update for July 2016 gives you a snapshot of home, condo and land sales in Destin FL and the surrounding Emerald Coast.
When summer rolls around, rental season kicks into full gear and sellers are less willing and less negotiable to sell. Buyers don't seem to notice too much though, as their attention turns to outdoor activities and our beautiful beaches. That being said, residential sales in the Destin area totaled $351,547,336. The average sale price was $372,008 and real estate averaged only 111 days on the market. The average seller received 95% of their asking price.
Strong July performing areas included:
- Navarre: 159 sales
- Fort Walton Beach: 149 sales
- Crestview: 112 sales
- Miramar/Sandestin: 95 sales
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This real estate nightmare involves two sales of the SAME HOME on the SAME DAY, combined with some sloppy paperwork by the Title Company. Subsequently, the whole thing fell apart, just like a house of cards. I'm not trying to scare anyone, but really felt that this story needed to be told. It's something that home buyers, sellers or other agents need to be aware of.
Recently Walton commissioners voted to remove signs, ropes and any obstructions from the beach. This meant that homeowners with "private property" or "no trespassing" signs on their beachfront lots would face penalties if they didn't take them down.