Destin Real Estate News and Blog - Destin Real Estate Stats

2016 Real Estate Summary for Destin & 30A

2016 Was a Good Year for Destin Real Estate

Overall the Destin and Scenic 30A real estate market saw a 5% increase in the number of properties sold. Average sale prices also increased by 5% overall with the biggest gains in townhomes at 14%.

Destin & 30A Single-Family Homes 2016

Single-family home numbers increased by 6% with a 5% increase in average sale price. Homes remained on the market only an average of 101 days in 2016, compared to 110 in 2015.

Destin & 30A Condos 2016

The average sale price of Destin and 30A condos went up 4% from 2015, but the number of sales decreased by 1%. There were less people selling which meant fewer active listings.

Destin & 30A Townhomes 2016

Townhomes demonstrated the most gains in…

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Destin Market Summary - November 2016

We had a busier than average November for the Destin and Scenic 30A real estate market. There were 24% more homes and condos sold vs the same time last year. Properties took a little longer to sell, but real estate prices also increased substantially.

Condo prices increased 28% from November 2015, and single family home prices were 19% higher in November 2016.

Destin townhomes continue to be a huge draw for both mid-price and luxury buyers. Where else can you get a virtually maintenance-free home in a prime setting close to or directly on the beach. All About Townhomes in Destin & the Scenic 30A gives you a quick snapshot for the local townhome market along with a list of top selling properties.

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Top Selling Condos in November for Destin & Scenic 30A

Here are the top producing condos in Destin and the Scenic 30A for November. The big sellers for the month, with 3 sales or more included: Waterscape, Barrett Square in Rosemary Beach, Grand Sandestin, Destin Gulfgate, Amalfi, Sandpiper Cove, Gulf Terrace and the big winner, Seascape. For a more complete list from the beginning of the year, check out Top Condo Sales by Volume - Scenic 30A & Destin Area.

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All About Townhomes in Destin & the Scenic 30A

Have you ever considered buying a townhome? In the Destin and Scenic 30A area there were 1,773 listings sold in the last three months. Townhomes made up 10% of these sales, behind single-family homes and condos.

Destin Townhomes differ from condos in a very specific way. With a condo, you share ownership of the roof, the underlying ground, and other common areas. With a townhome, you own the ground up to and including the roof. The only thing you share in a Destin townhome with your neighbor is the wall that separates you and any common amenities such as pool or tennis courts.

Destin townhomes offer a low maintenance lifestyle without sacrificing the space one is used to in a single-family home. Sizes range from cozy patio homes under 1000 sq. ft.…

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Destin Market Summary - October 2016

Sales in Destin and along Scenic 30A remain brisk as we enter fall. While units sold declined slightly, total dollar volume of sales increased. Inventories are near an all time low and we are seeing upward pressure on prices.

The next 8 weeks represent the seasonally best buying opportunity of the year. Most are focused on the holidays allowing savvy buyers an opportunity to negotiate with more anxious sellers.

For those taking advantage of this prime time of year for buying, we've included some tools to assist with your search. Secrets to Buying a Profitable Condo Rental, is worth a read, especially for anyone considering a possible rental investment. Spotlight on Seagrove Beach highlights a less commercial area of the Emerald Coast, perfect for a…

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Congratulations New Summer Home Buyers!

Congratulations to these new home and condo owners in Destin and Fort Walton Beach. If you're new to the area, "welcome," you're going to love it. We're happy to help you find the perfect place to call "home."

Sold by Tim for 99% of the asking price in under 3 months!

$1,274,000 | MLS #752725
47 Tranquility Lane, Destin, FL 32541
New construction home in Destiny East.

Sold for 93% of the asking price by Niki.

$500,000 | MLS #724321
830 Gulf Shore Dr #5064, Destin FL
This beachfront condo in Tides of Destin was listed with another office for 505 days, when Niki discovered it and presented it to one of our clients.

Sold by Tim for 93% of the asking price in under 2.5 months!

$475,000 | MLS #754965
8541 Turnberry Court, Miramar…

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Destin Market Summary - September 2016

Here is the latest summary of the Destin real estate scene for September 2016. This gives you a snapshot of home, condo and land sales in Destin FL and the surrounding Emerald Coast.

Total residential sales for Destin and the surrounding towns were $267,488,702 with an average sale price of $432,830. Properties averaged only 123 days on the market with a closing price of 96% of the asking price. This was a robust September market, that sold more single-family homes and townhomes then the same time in 2015. Condo sales were down slightly, but prices increased 11%.

Strong September performing areas included:

• Fort Walton Beach: 141 sales
• Navarre: 122 sales
• Destin: 85 sales
• Niceville: 79 sales

Destin Home Sales

72 single-family…

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Emerald Coast Condo Price Comparison for August

Perhaps you're considering purchasing a condo on the Emerald Coast, maybe for an investment, but you're not sure where. With so many places to choose from, sometimes it's hard to know where to begin. This graph below shows the average condo sale price for August 2016 in these popular areas along the Emerald Coast. It also shows the comparable price from August of 2015, so you can see just how your investment would have fared.

Notice, real estate along 30A West and the Miramar Beach, Sandestin Resort areas showed the most gains. 30A East and Navarre, showed some depreciation. This is only for one month, we'd be happy to send you updates for sold listings, or a monthly report of the stats in desired areas.

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Destin Real Estate Update - July 2016

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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WaterColor FL Real Estate Spotlight

WaterColor - A Reliable Investment

Real estate in WaterColor has consistently been a top performer along the Emerald Coast. Since the beginning of the year, 74 homes were sold for 94% of their asking price and after an average of 122 days on the market. 20 homes sold in under a month.

WaterColor remains a solid area for investment real estate, with a large percentage of properties either used as full or partial vacation rentals. Many year round residents still supplement their income by renting on site carriage houses, separate from the main residences.  

While some seek investment return, others just "Want what they Want". WaterColor is simply a beautiful place to be. The recreation facilities and amenities are superb, and you'll never miss a…

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