Destin Real Estate News and Blog - Destin market stats

Value Based Searching When Purchasing a Home

Search By Value Over Price and Expand Your Home Buying Options

Destin Home and condo prices showed hearty increases last year, but that trend has leveled off slightly. As a result the market is saturated with over priced homes waiting to sell. How can you as a new buyer take advantage of this? Search by value over price.

Every real estate market has its opportunities. Value based searching is a way for buyers to take advantage of the current real estate climate in Destin and the 30A. It's also the perfect strategy for getting more home than you planned on.

How To Get More Home Than You Budgeted For

When searching for a home, buyers generally define their budget, and then begin searching within that bracket. For instance, perhaps you've…

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2018 Guide to Hot Selling Subdivisions on the Emerald Coast

Single-Family Stats in the Destin, 30A and Surrounding Area

Here's a spotlight of the real estate market for single-family homes in Destin, the 30A and surrounding Emerald Coast. See below for a list of the hottest selling subdivisions and average sale prices.

Quick Facts From January 1 to October 31, 2018

3,473 single family homes sold

Average sale price was $626,691

Average Sqft: 2,265

Average Days on Market: 82

Highest Sold Price: $10,750,000 for a Seagrove beach house, 6,462 square feet  with 7 bedrooms and 10 baths. The home sat Gulf front with an elegant outdoor entertainment area with pool and private walkover to the beach. The 3 story, with elevator, was sold completely furnished.

Top Selling Subdivisions by Price

…

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2018 Year to Date Market Snapshot for Destin & the 30A

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:

• 30A East: 49%
…

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Destin & 30A Top Selling Neighborhoods - 1st Quarter 2018

These are the hottest selling neigborhoods in Destin and the Emerald Coast from January to March 2018. Similar to last quarter, Watersound, Prominence and Watercolor remained in the top three. Overall, the volume of sales is similar to the same time in 2017, with sale prices increasing an average of 3%. Click to view  more Destin & 30A Real Estate Stats - 1st Quarter 2018.

1. Watersound

Watersound continues to lead the pack with ultra-luxury homes in Watersound Beach, and a variety of price points in Watersound Origins. This community appeals to those seeking both established homes or lots with custom opportunities. View all listings in Watersound

2. Prominence

The triplex townhomes in Prominence continue to attract buyers. The interiors…

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Destin & 30A Real Estate Stats - 1st Quarter 2018

Thinking of buying or listing a home or condo in Destin or along the 30A? The following stats show you the top selling markets, overall sales stats comparing the 1st quarter in 2017 vs 2017, and where we've seen the highest price increases.

2018 1st Quarter Condo Sales for Destin & 30A

Condos in the Destin and 30A area saw more substantial increases with a 21% gain overall in average condo prices. Several areas saw huge price increases including: 30A East (+71%), 30A West (+35%), Miramar/Sandestin Resort (+31%), and Niceville (+13%). There were 500 condos sold in the first quarter 2018 for an average 96% of list price.

The highest price condo sold was $2,200,000 in Sanctuary by the Sea.

Check out our blog post "2018 Top Selling…

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Destin & 30A Real Estate Report - 3rd Quarter 2017

Real Estate Sales in Destin and along the Emerald Coast remained strong during the third quarter. Inventory is at historically low levels leaving many buyers waiting for new properties to be listed. Destin and 30A home and condo prices have increased in almost all markets.

Destin & 30A Condo Sales

Condo sales in Destin & the 30A were up 7% in the 3rd quarter, compared to 2016. The average sale price increased by 9% overall. Notable areas included Miramar/Sandestin Resort (+10%), Destin (+14%), Niceville (+20%), and 30A East  (+31%).

There were 71% fewer active listings this quarter, whatever people were listing, was selling quickly.

Hot Selling Condo Properties

Destin

• 1900 Ninety Eight
• Harbor Landing
• Islander Condo
• One…

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2017 Semi-Annual Stats for Destin & 30A Market

Here are the semi-annual stats for the Destin and 30A market. You'll see they're broken down by area: 30A East, 30A West, Destin, Fort Walton Beach, Miramar Beach / Sandestin Resort, Niceville and North Santa Rosa Beach. It's been a good year with gains in townhome, condo and single-family home sales.

Condo Stats for Destin & 30A

 Up 17% from last year, condo sales in Destin and the 30A continue to improve. Home values increased 4% overall with the biggest gains in Niceville - 34% and Fort Walton Beach - 13%.

Single-Family Home Stats for Destin & 30A

Single-family home sales increased by 6%. Prices went up by 11% on average, with exceptional gains in Miramar Beach - 13%, 30A West - 17% and North Santa Rosa Beach - 20%.

…

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2016 Real Estate Summary for Destin & 30A

2016 Was a Good Year for Destin Real Estate

Overall the Destin and Scenic 30A real estate market saw a 5% increase in the number of properties sold. Average sale prices also increased by 5% overall with the biggest gains in townhomes at 14%.

Destin & 30A Single-Family Homes 2016

Single-family home numbers increased by 6% with a 5% increase in average sale price. Homes remained on the market only an average of 101 days in 2016, compared to 110 in 2015.

Destin & 30A Condos 2016

The average sale price of Destin and 30A condos went up 4% from 2015, but the number of sales decreased by 1%. There were less people selling which meant fewer active listings.

Destin & 30A Townhomes 2016

Townhomes demonstrated the most gains in…

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Destin Market Summary - November 2016

We had a busier than average November for the Destin and Scenic 30A real estate market. There were 24% more homes and condos sold vs the same time last year. Properties took a little longer to sell, but real estate prices also increased substantially.

Condo prices increased 28% from November 2015, and single family home prices were 19% higher in November 2016.

Destin townhomes continue to be a huge draw for both mid-price and luxury buyers. Where else can you get a virtually maintenance-free home in a prime setting close to or directly on the beach. All About Townhomes in Destin & the Scenic 30A gives you a quick snapshot for the local townhome market along with a list of top selling properties.

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Destin Market Summary - October 2016

Sales in Destin and along Scenic 30A remain brisk as we enter fall. While units sold declined slightly, total dollar volume of sales increased. Inventories are near an all time low and we are seeing upward pressure on prices.

The next 8 weeks represent the seasonally best buying opportunity of the year. Most are focused on the holidays allowing savvy buyers an opportunity to negotiate with more anxious sellers.

For those taking advantage of this prime time of year for buying, we've included some tools to assist with your search. Secrets to Buying a Profitable Condo Rental, is worth a read, especially for anyone considering a possible rental investment. Spotlight on Seagrove Beach highlights a less commercial area of the Emerald Coast, perfect for a…

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