Destin Real Estate News and Blog - Destin Realtor

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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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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Real Estate Nightmare

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.

The First Deal

After looking at several Destin homes, enduring inspections, appraisals, and lender related delays, our buyers were excited about closing on their new home last Friday. Everything went smoothly as buyers and sellers both signed their respective paperwork, the lender authorized funding, and the title company began disbursement.

We picked up our check on the following…

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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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New Homes Coming to Watersound Origins FL

New homes are coming to the upscale development of Watersound Origins. This sought after South Walton community in Watersound FL will be adding 107 new lots that are expected to be available next summer. Situated next to the activity center and close to parks and the Village Commons.

Part of this new development means re-routing the Watersound Trail so that it passes through the new phase. Unfortunately, the trail will be closed until 2017 when construction is complete. The five-mile trail begins at Watersound Origins Village Commons, and connects to Gayle's Trails in Panama City Beach.

Currently homes can be purchased in Watersound Origins starting in the mid $400,000s.

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Destin Waterfront, From Beach to Bay

From beach to bay, Destin serves up waterfront living in many different forms. These four featured properties all offer beachside or bayside living, but in a slightly different way. From a sought after Gulf front home in Destin Pointe, a fully furnished luxury Okaloosa Island beachfront condominium, a resort-style, Miramar Beach low rise beachfront condo, to a Miramar Beach bayside house with private dock and boat slips; choose the Destin waterfront property that suits your style.

3583 Rosalie Dr., Destin - $1,450,000

This gorgeous beachside home in sought after Destin Pointe features an open design with over 4,500 sq. ft., 5 bedrooms and 3 suites. There's plenty of space here with an oversized, enclosed garage and two driveways. The community…

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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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How to Get Accepted for a Mortgage

You Could be Rewarded for Good Behavior

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?"

With upcoming changes to the mortgage credit report by Fannie Mae, these terms could mean the difference between getting accepted for a mortgage, or not.

A transactor is someone who pays their credit card bills in full each month, or pays on time and exceeds the minimum requirement.

A revolver is the person who only makes the minimum payment, allowing balances to constantly roll over to the next month. They may also have several accounts on the go.

This…

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Buyer's Tip: Realtors Make Great Matchmakers

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.

In the example below, a client has sent us a request with very specific parameters for a Destin harbor condo, and we've responded with some equally specific listing ideas.

Tim,

My husband and I are interested in a condo as a second home (and then primary after we retire) and preferably in the Destin Harbor area. We have vacationed to the Emerald Coast many times and so, fairly familiar with the area. Ideally, the property would fit within the following parameters:

1. $600K - $750K
2. Bedrooms: 3-4
3. …

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