Destin Florida condos and other residential combined statistics for the month of 8/24/2015-9/24/2015 are listed below. Units sold are 86 with volume being $36,784,007. The average sale price was $427,721 and the median sale price was $318,750. The median sale price is a better number in my opinion as it disposes of the extremely high and low sales. The average difference sale price and to list price was ($3,338.) so it seems buyers have been able to negotiate downward on price a bit. Average days on the market are 166 with cumulative days on the market being 204 days so just over 5 months and 6 months respectively. This isn’t extraordinary for a second home luxury buyer’s market but a little high for a primary. For example, Crestview, mainly a primary home community has a lower day on market value which makes sense. These homes are purchased for necessity rather than luxury purposes. 30A is more in line with Destin because of its second-home luxury nature.
As the Fall comes it will be interesting to see what happens as Fall is typically our second best-selling season. The weather should be great as always and interest rates are favorable.
| Property Type/Area | Units | Volume | Average Sale Price |
Median Sale Price |
Avg. Diff. SP to LP |
Avg. DOM | Avg. CDOM |
| Residential | 798 | $283,361,862 | $355,090 | $230,000 | – $17,455 | 127 | 148 |
| 18 – 30A East | 68 | $72,754,471 | $1,069,919 | $751,875 | – $64,374 | 235 | 235 |
| 17 – 30A West | 28 | $19,012,609 | $679,022 | $485,000 | – $36,799 | 174 | 184 |
| 27 – Bay County | 36 | $13,165,249 | $365,701 | $239,000 | – $44,355 | 158 | 221 |
| 25 – Crestview Area | 100 | $15,524,126 | $155,241 | $152,200 | – $3,438 | 83 | 106 |
| 14 – Destin | 86 | $36,784,007 | $427,721 | $318,750 | – $22,982 | 166 | 204 |
