2021 Emerges With a Strong Seller's Market on Florida's Emerald Coast
Posted by Tim Shepard - Broker on
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.
For the period of January, 2021 we saw the following Percent of List rates and Average Sale Prices:
Townhome or Attached Residences:
Percent of List: 99%
Average Sale Price: $418,352 - a 38% increase from 2020
Condos:
Percent of List: 97%
Average Sale Price: $494,404 - a 28% increase from 2020
Single-Family Homes:
Percent of List: 98%
Average Sale Price: $640,529 - a 31% increase from…
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