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Destin Real Estate News

This Blog contains up to date news, statistics, data, and other information relevant to the Destin Real Estate Market and current trends.

Found 184 blog entries about Destin Real Estate News.

Search --> Harbor Lights Condos for Sale in Destin

Congratulations to the new buyers of unit 611 at Harbor Lights in Destin, FL.  This fabulous corner unit has stunning views of the harbor, pass, and gulf.  The condo has over 2100 sf of nicely finished space and came with a 80 ft boat slip.  That's right...80 ft! 

Harbor Lights Destin is a great property for buyers interested in living a boaters lifestyle.  These buyers evaluated condos at Grand Harbor, Marbella, and Harbor Landing before settling on this one.

The great news is that there are 27 of these condos availble right now (8/2012) from the primary investor at Harbor Lights.  These units feature:

  • Granite Countertops
  • Garages
  • Boat Slips on the Destin Harbor
  • Upgraded
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Take a look at this fabulous Destiny Homes for Sale.  This florida beach cottage features 5 bedrooms, a separate carriage house, and extra storage in the oversized two car garage.

destiny homes for sale

Destiny is a popular beachside community in Destin and has worldclass amenities including: deeded beach access, swimming pools, fitness center, tennis courts, and walking trails.

This home is a fantastic vacation rental and grosses over $43k annually.  Visitors love the layout of the home with its spacious rooms and decks that provide everyone with their privacy.

Priced at $699,000, this Destiny Home For Sale will not last long!

destin fl home for salehome for sale in destiny

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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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The July data for Destin Home Sales is now in.  A close analysis reveals an interesting trend developing.  The graph below shows the inventory levels of homes in Destin, by month, for 2009.  This graph includes all price ranges.

As can be seen, inventory levels have generally been trending down for the past six months.  On a percentage basis, the decline is relatively small, but still indicates a leveling off of the market. 

The more interesting trend is observed when we analyze what is happening at prices below $500,000.  Sales in this range have been extremely strong primarily because they are affordable for more people.  The inventory levels for these homes is shown below.

Destin Home Inventory < $500,000

As can be seen here, the inventory is also declining but at a

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