Destin Florida condos and other residential combined statistics for the month 8/24/2015-9/24/2015 is listed below. Units sold are 86 with volume being $36,784,007. Average sale price was $427,721 and median sale price $318,750. Median sale price is a better number in my opinion as it disposes of the extreme high and low sales. Average difference sale price to list price was ($3,338.) so it seems buyers have been able to negotiate downward on price a bit. Average days on market are 166 with cumulative days on 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 primary. For example Crestview, mainly a primary home community has a lower days on market value which make sense. These homes are purchased for necessity rather than luxury purposes. 30A is more in line with Destin because of it’s 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
|