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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Although slightly down from May, Destin home sales in June 2016 reflected an active market with almost $23,000,000 in sales volume. The average price was $658,345 and houses closed at an impressive 93% of asking price. 708 single family homes were sold in the Emerald Coast area for a total volume of $285,426,540. The average sale price was $403,145 with homes selling an average 98% of their asking price.
