Keys to Success in the Destin 2021 Real Estate Market
Posted by Tim Shepard - Broker on
2021 has absolutely started with a bang in the Destin real estate market. We're seeing extremes like never before. Where buyers may have demonstrated some hesitancy in 2020, this year they're all in and showing up in droves. Homes and condos in the Destin area are remaining on the market just an average of 69 days before selling - 62% less time than in 2020!
The Average Sale Price has increased by 43%, depending on the property type. Overall Sales is up 100%. Although the Number of listings have increased by 40%, the Total Active properties are down -21%. While buyers are coming forward, sellers are still sitting on the fence. As a result, inventory is at an all time low, with supply not meeting the demand.
At the time of this writing there were…
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2021 real estate in Destin and the surrounding Emerald Coast has one of the most active seller's markets we've seen in years. We're seeing a lot of interested buyers purchasing from out of state. As "work from anywhere" has become the norm, many are seeking a sunny, beachfront in-home office to work from. Others are just taking advantage of the great interest rates.
