The 30A Destin Sandestin Miramar Beach real estate markets continue to display strength in the median sale price but with low inventory. There is no foreseeable rationale for any major price corrections on the horizon unless inventory jumps but there is no reason for that either at this time. Our market continues to be that of end-user vs. speculation with a large number of closings being all-cash deals. Closed sales numbers have been negatively impacted on the East end of 30A resulting from a dearth of inventory, yet pending sales rose substantially in August 2018.
SNAPSHOT
30A/Sandestin/Miramar Beach (year-over-year)
30A East
- Closed sales dropped 26.3%.
- Pending sales rose 11.1%.
- Median sale price is up 12.42%.
- Inventory fell 14.75%.
30A West
- Closed sales dropped 7.7%.
- Pending sales rose 31.7%.
- Median sale price is up 12.96%.
- Inventory fell 2.99%.
Sandestin/Miramar Beach
- Closed sales dropped 14.6%.
- Pending sales rose 15.9%.
- Median sale price is up 11.87%.
- Inventory fell 21.95%.
Destin
- Closed sales dropped 0.9%.
- Pending sales rose 16.7%.
- Median sale price is up 12.63%.
- Inventory fell 24.86%.
As always feel free to reach out any time with questions or comments.
Our 30A real estate services are available in all 30A communities. Our areas of service include Rosemary Beach, Seagrove, WaterColor, 30A, Seaside, Watersound, Alys Beach, Seacrest, Santa Rosa Beach, and Inlet Beach. We also serve Grayton Beach, Blue Mountain Beach, Dune Allen, Sandestin, Destin, and beyond.
