Welcome to another review of market activity in the 30A, Destin, and Miramar Beach/Sandestin areas. Interest rates are low and activity, especially purchases of new construction, has picked up throughout the country as a result. The China trade issue continues to loom along with a drop in manufacturing numbers and a weaker world economy but real estate is steady, albeit measured. This is good, … [Read more...]
July Real Estate Market Report
Welcome to another review of market activity in the 30A, Destin, and Miramar Beach/Sandestin areas. Interest rates fell sharply this week to 3.6% for a 30 year fixed mortgage. With financial markets whipsawed by the U.S.-China trade war bond rates have dropped to record lows which in turn lowers mortgage rates. We are at the lowest level since November, 2016. This also means investors are … [Read more...]
MARKET REPORT: APRIL, 2019
Welcome to another review of market activity in the 30A, Destin, and Miramar Beach/Sandestin areas. The U.S. economy beat expectations by 2%, growing 3.2% in the first quarter of 2019. The Fed's announcement that it would not raise interest rates in the foreseeable future of this year has put a clamp on interest rates and bonds, benefiting buyers, and lifting the stock market to a record high. … [Read more...]
FEBRUARY 2019 MARKET REPORT
Welcome to another review of market activity in the 30A, Destin, and Miramar Beach/Sandestin areas. The four major areas, 30A East, 30A West, Destin and Miramar Beach/Sandestin continue to experience somewhat low inventory levels which inevitably will have an effect on closed sales, pending sales, and pricing. 30A East inventory fell slightly by 2.7%, median price dropped 9.44%, and closed … [Read more...]
MARKET REPORT: January, 2019
Welcome to another review of market activity in the 30A, Destin, and Miramar Beach/Sandestin areas. Inventory, or lack thereof, continues to be the story on the Emerald Coast in general. Unlike the "roaring" mid 2000's, it seems buyer's purpose these days is to actually keep and enjoy their beach homes and are holding onto them. What a concept! As a result, sales volume continues to drop in … [Read more...]
December 2018 Market Report
Welcome to another market review of sales activity in the 30A, Destin, and Miramar Beach/Sandestin areas. The story of our market is low inventory, lower sales volume. The year-end numbers show a continued drop across the board in active listings which has impacted closed sales. Buyers are generally looking for the newer shiny light and bright coastal chic motif and those properties sell … [Read more...]
November 2018 Market Report
Welcome to another market review of sales activity in the 30A, Destin, and Miramar Beach/Sandestin areas. Our market refuses to show any form of weakness as year-to-date median pricing continues to stay positive and total sales are up for the year on all fronts. Year-over-year median price barely inched upwards for November on 30A East, fell slightly 30A West and Sandestin/Miramar Beach while … [Read more...]
October, 2018 Market Report: 30A, Sandestin/Miramar Beach, Destin
Welcome to another market review of sales activity in the 30A, Destin, and Miramar Beach/Sandestin areas. Our market continues to be steady with no large dark clouds visibly forming. Median sale price on 30A East, 30A West, and in Sandestin/Miramar Beach exploded year-over-year for October with double digit increases while Destin fell just a tad. That said, the year-to-date price jumps in all … [Read more...]
30A, Destin, Sandestin/Miramar Beach Market Report August 2018
The 30A Destin Sandestin Miramar Beach real estate markets continue to display strength in 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 … [Read more...]
Market Report July, 2018
The 30A, Miramar Beach and Destin real estate markets continue to hum along with no appreciable fall-out in sight. The best word to describe the market is...steady. And that is good. We've certainly seen strong appreciation since 2013 post downturn and in some pockets, Rosemary Beach, gulf front, Alys Beach, prices are back to peak of 2006. Unlike the 2006 peak however, price jumps aren't based on … [Read more...]
June Market Report
If ever there were a market metric that dictates price, it would be supply and demand. Generally if the supply is low and demand is high, prices rise. Of course the opposite is also true. Our real estate market is currently a perfect example of low supply, high demand, and rising prices. Fortunately, although prices are up, it isn't at meteoric levels....it's reasonable … [Read more...]
30A, Destin, Sandestin/Miramar Beach Market Report May 2018
Real estate on the Emerald Coast continues to roll along with continued strength on the West end of 30A, Sandestin and Destin while the East end of 30A is showing some cracks in median price resistance but with another uptick in total closed sales. The median sale price on the West end exploded and I think that is due to more buyers seeing that part of 30A as a deal, or buy, as compared to the … [Read more...]
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