Destin Real Estate News and Blog - Destin Real Estate Stats

Santa Rosa Beach Home Sales for June 2016

Santa Rosa Beach is an unincorporated community that encompasses several smaller communities between Choctawhatchee Bay in the north and the Gulf of Mexico in the south. Point Washington and Grayton Beach act as eastern borders, and Miramar Beach borders to the west.

Real estate in Santa Rosa Beach includes a nice cross-section of bayou or bayfront homes in the north and beachfront treasures in the small Gulf towns along the Scenic 30A Highway in south Santa Rosa Beach.

The stats below represent total sales for June 2016 of Santa Rosa Beach homes, condos and other property types. Notice that single-family homes numbers are quite high, this property type dominates especially in the northern communities close to the bayou and Choctawhatchee Bay.

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Destin Real Estate Update - June 2016

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 June, 2016.

Destin Home Sales

Although slightly down from May, Destin home sales in June 2016 reflected an active market with almost $23,000,000 in sales volume. The average price was $658,345 and houses closed at an impressive 93% of asking price. 708 single family homes were sold in the Emerald Coast area for a total volume of $285,426,540. The average sale price was $403,145 with homes selling an average 98% of their asking price.

Luxury homes were hot along Scenic 30A with the highest median home price at $2,475,000 in Alys Beach, followed by $1,522,500 in Rosemary Beach and $860,000 in Watersound.

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Select Sold Listings for June 2016 at Destin Real Estate LLC

Congratulations to these happy new home owners in Destin and Santa Rosa Beach. It was a pleasure working with you.

Sold: 06/10/2016 $1,495,000 | MLS #752153
1048 E HWY 98 1706, Destin, FL 32541
Two stories of floor-to-ceiling windows and 3 huge terraces in this Silver Beach Towers condo. Owners will enjoy Gulf views as far as the eye can see.

Sold: 06/16/2016 $1,267,500 | MLS #752162
504 Bayview Street, Destin, FL 32541
This luxury waterfront home on Joe's Bayou boasts 100' of deep waterfront and a 2-boat dock with lift. Built for outdoor living, the new owners are sure to spend hours on their 900 sq.ft. lanai with fireplace, bar and summer kitchen.

Sold: $1,175,000 | MLS #749298
950 E. Highway 98 6052, Destin, FL 32541
Newly renovated with…

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Sold Gallery for May 2016 at Destin Real Estate, LLC

Congratulations to 7 new home owners in Destin and Panama City Beach. It was a pleasure working with you all.

Sold: 05/10/2016 $425,000 | MLS #751262
1008 Highway 98 UNIT 21, Destin, FL 32541
Destin Towers, Gulf front, completely updated and amazing with huge potential for rental income.
DOM: 4!

Sold: 5/20/16 $240,000| MLS #747346
502 Gulf Shore Drive 501, Destin FL 32541
Beautiful Gulf views at Islander Condo with excellent rental potential. Fully furnished and rental ready.
DOM: 48

Sold: 5/20/16 $172,000 | MLS #744328
4207 Indian Bayou Trail #2913, Destin, FL 32541
This covered 9th floor unit in the Palms of Destin overlooks the swimming pool and has awesome gulf views.
DOM: 94

Sold: 05/24/2016 $259,000 | MLS #739617
16819 Front Beach Road UNIT…

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Destin Real Estate Update - May 2016

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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Destin Golf Communities - What's Hot, What's Not

For those dreaming of living in a golf course community, the Destin area has an awesome selection to choose from. Median prices for homes on a golf course in Destin range from $463,750 to $1,135,000 with both private and public courses available. Burnt Pine, Kelly Plantation, Regatta Bay, and Emerald Bay are gated while Indian Bayou is not. Some courses require more skill than others but I'll leave that determination up to you.

Year to Date Comparison of Destin Golf Communities as of May 31, 2016

Burnt Pine

Located within the gates of Sandestin, Burnt Pine is the most exclusive golf course community in the Destin area. The average home is over 4,000 square feet with a median sales price of $1,135,000. The most expensive home in Burnt Pine…

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DESTIN REAL ESTATE UPDATE - January 2016

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 January, 2016.

Destin Homes

Destin home sales decreased slightly when compared to last year. However, much of the change can be attributed to new lending rules that delayed up to 20% of our closings. While the average sales price in Destin was $888,000, over half the homes sold, closed below $443,000.

Homes in 30A East, which includes the neighborhoods of WaterColor, Seaside, WaterSound, Alys Beach, and Rosemary Beach; posted an impressive average sales price at $1,051,548.

Most Expensive Home Sold: $6,200,000 for a beautiful beachfront home in Destin

Least Expensive Home Sold: $100,000 for a log…

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Destin FL Stats Release for July 2015

July 2015 Destin Real Estate Statistics

Are You Buying or Selling a Home in Destin?

Get an instant estimate of your home's worth. We can also provide you with any reports or stats directly related to your desired neighborhood; or send you listing updates as soon as new properties hit the market - giving you a jump on the…

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Sandestin FL Stats Release for July 2015

July 2015 Sandestin Real Estate Statistics

Are You Buying or Selling a Home in Sandestin?

Get an instant estimate of your home's worth. We can also provide you with any reports or stats directly related to your desired neighborhood; or send you listing updates as soon as new properties hit the market -…

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Destin Foreclosures Lead to Strengthening Market

Destin Foreclosures, priced at market value, are leading the way in reducing the number of  available homes for sale in the area. 

Many buyers are anxiously looking at recent selling prices in an attempt to "guess" the market bottom. However, the first sign of  a strenghtening Destin real estate market is found by analyzing inventory trends*.

As demand fell for Destin homes in 2005, 2006, and 2007 (see chart below), inventory rose dramatically.  The primary reason for this was unrealistic sellers overpricing their homes. Buyers were looking but unwilling to pay the list price.

In late 2007, REO managers started listing foreclosures in Destin.  Often times, their list prices were more than 30% below competing homes.  Over time, traditional sellers…

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