Destin Real Estate News and Blog - Watercolor Florida Real Estate

Destin Market Summary - September 2016

Here is the latest summary of the Destin real estate scene for September 2016. This gives you a snapshot of home, condo and land sales in Destin FL and the surrounding Emerald Coast.

Total residential sales for Destin and the surrounding towns were $267,488,702 with an average sale price of $432,830. Properties averaged only 123 days on the market with a closing price of 96% of the asking price. This was a robust September market, that sold more single-family homes and townhomes then the same time in 2015. Condo sales were down slightly, but prices increased 11%.

Strong September performing areas included:

• Fort Walton Beach: 141 sales
• Navarre: 122 sales
• Destin: 85 sales
• Niceville: 79 sales

Destin Home Sales

72 single-family…

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Destin Real Estate Update - July 2016

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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WaterColor FL Real Estate Spotlight

WaterColor - A Reliable Investment

Real estate in WaterColor has consistently been a top performer along the Emerald Coast. Since the beginning of the year, 74 homes were sold for 94% of their asking price and after an average of 122 days on the market. 20 homes sold in under a month.

WaterColor remains a solid area for investment real estate, with a large percentage of properties either used as full or partial vacation rentals. Many year round residents still supplement their income by renting on site carriage houses, separate from the main residences.  

While some seek investment return, others just "Want what they Want". WaterColor is simply a beautiful place to be. The recreation facilities and amenities are superb, and you'll never miss a…

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Destin Real Estate Update - May 2016

This Destin real estate update gives you a snapshot of home, condo and land sales in Destin FL and the surrounding Emerald Coast areas for May, 2016.

Destin Home Sales

Destin home sales in May 2016 reflected an active market with almost $30,000,000 in sales volume. The average price was $596,972 and houses closed at an impressive 94% of selling price. Sales of luxury homes on 30A have been red hot with median prices approaching $2,000,000 in both Rosemary Beach and Seaside. WaterColor was extremely popular with 55 homes sold at a median price of $1,275,000. WaterSound came in at a close fourth with 37 sales averaging only 97 days on the market and closing at 98% of the asking price. 

North of 30A, Niceville sold 80 homes at 98% of the list price…

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30A FLORIDA LUXURY HOMES UPDATE - January 2016

WaterColor Real Estate Remains the Luxury Front Runner

Luxury homes along Florida's Scenic 30A Highway are among some of the most exclusive in the State. Peppered with several beachfront communities, WaterColor real estate continues to maintain its elite status with 7 homes closing and another 7 going under contract. Buyers in WaterColor tend to favor the world class amenities, exquisite attention to detail, and proximity to fine restaurants and boutique shopping. The Beach Club, sitting atop of 30A’s famous bluffs, is absolutely amazing. Secure your membership by purchasing one of the many fine WaterColor homes for sale today.

Most Expensive 30A Homes Sold in January 2016

WaterSound - 126 Compass Point Way : $2,855,000

Rosemary Beach -…

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DESTIN REAL ESTATE UPDATE - January 2016

This Destin real estate update gives you a snapshot of home, condo and land sales in Destin FL and the surrounding Emerald Coast areas for January, 2016.

Destin Homes

Destin home sales decreased slightly when compared to last year. However, much of the change can be attributed to new lending rules that delayed up to 20% of our closings. While the average sales price in Destin was $888,000, over half the homes sold, closed below $443,000.

Homes in 30A East, which includes the neighborhoods of WaterColor, Seaside, WaterSound, Alys Beach, and Rosemary Beach; posted an impressive average sales price at $1,051,548.

Most Expensive Home Sold: $6,200,000 for a beautiful beachfront home in Destin

Least Expensive Home Sold: $100,000 for a log…

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WaterColor Real Estate

While there are many great homes on 30A, WaterColor Real Estate is arguably the most highly sought after.  Demand for lots, homes, and condos all remained strong in 2013.  Natural beauty from coastal dune lakes, state forests, and the beaches of South Walton, surround WaterColor on all sides. Who wouldn't want to own a slice of this paradise.

WaterColor Homes

Homes sales in WaterColor increased for the third concecutive year. As expected, the average days on market for new listings decreased by 25%.  In other words, if you see something you like, dont wait. The higher priced luxury homes in WaterColor definitely made a comeback with the most expensive home selling for $4,550,000.

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Watercolor Florida Homes For Sale | Q1&Q2-2012

Watercolor Florida home sales have been red hot in 2012.  In fact 55 homes, an increase of 20% from the same period last year, were sold during the first six months of 2012.  Sales of new construction have also been strong and represent almost 1/3 of all purchases.  The demand for Watercolor Florida Homes for sale is insatiable with many buyers in town or planning visits to look.

Watercolor Home Sales, inventory levels (available homes) and price per square foot measures have all experienced historically significant changes this year. The 55 homes in Watercolor Florida that have sold in the first six months of this year represent the best Quarter 1 and 2 in history.  Watercolor home sales from 2003 until now can be seen in the graph below. 

The…

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