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...]
MARKET REPORT EMERALD COAST AUGUST 2017!
Market Report The broken record continues.........."our market continues to show strength with increases in list and sale price while inventory remains tight". Closed sales fall within all price ranges with the bulk being under $3MM but enough over that number to illustrate a continued demand for the highest end luxury on 30A. Pricing for the most exclusive properties have closed in on peak … [Read more...]
Market Report Sandestin Destin – Statistics July 2017 30A
Market Report Sandestin Destin July Statistics and Market Report Sandestin Destin Our real estate market continues to rock and roll with most meaningful metrics pointing in a positive direction. We know through history that booms ultimately turn to busts whether it be the stock market, commodities, gold, silver or tulips what goes up.....must come down. This is simply a … [Read more...]
S&P/Case-Shiller: Home prices hit 33-month high and the 30A Market
S&P Real Estate markets have been cooking pretty much across the nation with inventory levels at record lows in many markets so you're likely wondering...........what about the 30A market? With the news of S&P/Case-Shiller home prices at a 33 month high I thought it would be interesting to review the 30A market in comparison. Remember, real estate is local and the Case-Shiller is a … [Read more...]
Rosemary Beach Property Report December 2016 Looks Steady
Rosemary Beach Property Report Statistics Rosemary Beach Property Report Stats Rosemary Beach property report for December, 2016 shows a big jump overall for the year and a slight drop for the month compared to last December. Inventory rose dramatically as months on market are up to 13.42 compared to last December's 9.85 months and a 36.24% increase year-over-year while year-to-date we … [Read more...]
Market Report December 2016 West 30A Continues to Trend Upwards
Market Report 30A West Statistics Market report for the West end was steady in 2016 if not overly robust as was the East. Really the only statistic that looks a bit shaky is average sale price which dropped from 2015 yet the median took up the slack rising heavily in December against last December and with moderate gains for the year. Inventory is down from 2015 as are days on market so … [Read more...]
Market Report East End 30A 2016 Annual Summary
Market Report East 30A Market Report East 30A Continues to Impress! Well, 2016 is now behind us so let's take a look at the real estate numbers and see just how this market is shaking out heading into 2017. As you know, real estate is local and just because one market is rising doesn't mean all are. As a matter of fact even in our microcosmic market of the Florida Panhandle … [Read more...]
Market Report Statistics West 30A October 2016 Looking Strong
Market Report Statistics Market Report Statistics 30A West Market Report Statistics on the West end of 30A continue to show strength. Absorption rate year-over-year is up 1.12% to 8.13 months but for the year is down 16.10% to 7.92 months of inventory. Average list price jumped 37.77% to $1,279,004 year-over-year and year-to-date has risen 17.66% to $954,740 against $811,455 last … [Read more...]
Market Report Statistics East 30A September 2016 Prices Up
Market Report Statistics East Market Report Statistics East 30A Market report statistics East 30A showed great improvement in September, 2016 on the sales price side while volume closed sales dropped. Closings, pending sales, active and new listings are all up for the year. Pending sales are also down year-over-year in September, 2016. Absorption rate fell 4.56% to 8.38 months of … [Read more...]