|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 jumping significantly in Destin. All in all the numbers show a market that is resilient and thus far I’ve not noticed any palpable hick-ups, buyer nervousness or seller panic even with interest rates on the rise, trade tensions, and the stock market semi-correction. As a matter of fact the stock drop could push more capital into our market as a safer asset haven as we saw early 2000’s here. Buyers are still buying, interest remains high, and inventory remains low.
As always, our goal in sharing this data with you is to create a better understanding of trends, local and the broader economy, affecting our unique housing market. We hope you find it to be a valuable resource, and we look forward to working with you to meet your real estate needs now and in the future. If you have any questions about the 30A, Destin, Miramar Beach/Sandestin market, please do not hesitate to reach out to me at 850-376-3269.
SNAPSHOT COMPARISON: Year-over-year