Destin Real Estate Update - July 2016
Posted by Tim Shepard - Broker on
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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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.