Good News for Destin & 30A Real Estate Sales in 2020
The 2020 real estate market in Destin and the 30A performed far better than most would have thought. 2020 was a tough year, but folks prevailed as life went on along the Emerald Coast in Florida. The successful buyer in 2020 had done their homework, were patient, diligent, and made strong and confident offers when they found what they wanted. That will be the standard in 2021 as well.
There were two big contributors to a successful real estate market in Destin and the 30A in 2020:
1. Demand for Coastal Properties
We saw demand for coastal area properties surge post covid as companies transitioned to a more "work from anywhere" approach with employees seeking more tax favorable
Hottest Selling Condos in Destin and the 30A Area for 2020
Quick Condo Facts From January 1 to December 31, 2020
# of Condos Sold: 2,515
Average sale price was $475,199
Average Sqft: 1,268
Average Days on Market: 106
Highest Sold Price: The highest price for a condo sold in the Destin area was $4,750,000. Selling in just 18 days, this 4-Bedroom, 5-Bath turn-key villa at Thirty-One on 30A, Santa Rosa Beach, Florida and boasts unobstructed Gulf of Mexico and beach views.
Top Selling Condos by Price
This list is derived from the top selling condos in 2020. Sorted by price range, you'll find listings for most budgets: from $300,000 to over $1 million. At a glance, this gives you an idea of the most popular Destin and 30A
"Optimistic" is the best word I can use to describe this past summer season. The period from July to September 2020 has produced some record sales numbers for Destin Real Estate. In spite of the challenges that we've been faced with in 2020, these stats reflect a sense of optimism. Faced with adversity of "pandemic proportions", people are still moving forward with their lives.
The team at Destin Real Estate would like to thank these brave home buyers and sellers, and congratulate them on their new home purchases.
Don't hesitate to contact Tim, or any of the team at Destin Real Estate to set up a private viewing of any Destin or nearby homes that interest you.
SOLD! in Under 30 Days
These homes were sold after being listed less than one
The team at Destin Real Estate is happy to congratulate these Spring home buyers and sellers on their new purchases and sales. After a stressful few months, the restraints on the market were lifted and it was back to business as usual in the Destin market. You'll notice from the "Days on Market" that these Destin and surrounding Emerald Coast listings weren't on the market for long.
The following Destin area homes and condos have either been "Sold" or accepted "Under Contract" in the last 2 months.
Don't hesitate to contact Tim, or any of the team at Destin Real Estate to set up a private viewing of any Destin or nearby homes that interest you.
The timing couldn't be better to purchase a Florida investment property in Destin or the surrounding Emerald Coast.
Now that vacation rentals in the Destin area are once again open for business, we're starting to see a huge demand for these properties. In fact, the number of new condo listings from the beginning of May to June 15, 2020 is already 7% higher than the same time in 2019. People are starting to list again and the buyers are coming out of the woodwork.
Average sale prices are up by 10% for condos and 16% for single-family homes. Interest rates are at all time lows. It's a win/win for both buyers and sellers of Destin homes and condos.
- Buying an Investment Rental Home - Buying an Investment Rental Condo
What Are the Top Selling Condos in Destin and the 30A?
Here are the condo market highlights for Destin, the 30A and surrounding Emerald Coast from January to May 2019. See below for last year's hottest selling Destin area condos and average sale prices. This is a handy little tool for anyone considering a condo sale or purchase in the Destin area.
Quick Condo Facts From January 1 to May 31, 2019
# of Condos Sold: 801
Average sale price was $418,388
Average Sqft: 1,234
Average Days on Market: 114
Highest Selling Price: $4,050,000
Sold for $4,050,000 - a brand new 3 bedroom condo in Thirty One on 30A Condominiums in Santa Rosa Beach, Florida. New construction condos on the Emerald Coast are increasingly popular choices, and
Perfect Example of the Ideal Investment Condo Rental
This picture perfect Island Echo condo in Fort Walton Beach went under contract in just 5 days. Congratulations to our buyer who has just what they were looking for. I'm certain the seller is also pleased that their condo sold so quickly.
This property had everything you could want in an investment rental:
Priced right for the market
Beachfront with incredible views
Has a strong history of rental income with the potential to increase
Building has good choice of amenities
Turnkey property that's rental ready
We Can Help
These types of Destin area investments are in big demand and when listed don't last long. If you're in the market for an investment rental, let us
These are the Top Selling Condos in Destin, 30A and Surrounding Area
Here's a summary of the 2018 YTD condo market in Destin, the 30A and surrounding Emerald Coast. See below for an extensive list of the hottest selling Destin condos for sale and average sale prices.
Quick Facts From January 1 to October 31, 2018
# of Condos Sold: 2,007
Average sale price was $462,898
Average Sqft: 1,295
Average Days on Market: 129
Highest Sold Price: The highest price for a condo sold in the Destin area was $5,500,000. The list price was $4,250,000! This was a brand new, 5 bedroom, 5 bath penthouse at Costa Blanca on 3oA west.
Top Selling Condos by Price
These are the most popular condos YTD, based on number of sales. Listed by price
Top Beachfront Investment Rentals in Destin & the 30A - January - September 2018
Probably one of the first questions a prospective renter asks is "how close is it to the beach?" There is no doubt that beachfront rentals are among the most lucrative choices for investment real estate in Destin and the Emerald Coast. Homes, condos and townhomes sitting directly on the beach with the Gulf of Mexico laid out before them, are often rental machines. The following blog post will explain:
What Are the Top Beachfront Investment Condos in Destin & the 30A
Links to Top Selling Investment Condos
What Are the Top Beachfront Investment Areas for Single-Family Homes
Links to Top Selling Areas for Beachfront Investment Homes
It's been a busy spring for real estate in Destin, the 30A and surrounding Miramar Beach, Sandestin Resort, Niceville and Fort Walton Beach. We've got a good supply of inventory, but could always use more. Prices in most areas have increased since the same time in 2017 as well as the number of sales.
Here is a quick snapshot of 2018 year to date condo and single-family home sales and price increases in Destin and the 30A, along with the areas with top results. Whether you're buying or selling, this will give you an idea of where real estate is hot right now.
Year to Date Condo Stats for Destin & the 30A
Top Condo Sales
Condo sales were up 32% overall, with huge increases in most areas. Some of the top producers were:
