Found 2 blog entries tagged as bank owned.

Awesome new listing! Take a look at this Destin foreclosure located in the luxury golf course community of Kelly Plantation. This bankowned property has 3034 square feet, 4 bedrooms, and 3 bathrooms. 

Destin Foreclosure

This foreclosure in Destin also backs up to the golf course and has a swimming pool.  The home was built in 2005, has a gourmet kitchen,hardwood floors, fireplace, and other custom features.

Priced at $640,900, this magnificent home will not last long.  This home in Kelly Plantation is located at 4510 Marshbrook Way, Destin, FL  32541. Call today to schedule a showing!

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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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