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...]
Market Report: June 2019
Welcome to another review of market activity in the 30A, Destin, and Miramar Beach/Sandestin areas. If you are waiting for prices to drop proportionately to levels of the 2008 meltdown, or even close, you'll likely be disappointed. Some buyers seem to be waiting for recession like home price plummeting, but investor/flippers just aren't driving this market so the likelihood of that happening is … [Read more...]
Market Report: May, 2019
Welcome to another review of market activity in the 30A, Destin, and Miramar Beach/Sandestin areas. 30 year mortgage rates are at a low average of 3.82% and housing sentiment is at a 5 year high which is a good omen for real estate sales moving forward. Analysts predict the Federal Reserve will cut rates again this year, another positive influence on real estate sales. Generally, as the stock … [Read more...]
MARKET REPORT: MARCH, 2019
Welcome to another review of market activity in the 30A, Destin, and Miramar Beach/Sandestin areas. On the East end of 30A, year-over-year inventory is slightly up by 2.34% while median price dropped 10.22%. Closed sales fell 21.6% and pending sales are down 10.3%. For the West end of 30A, inventory exploded upwards by 31.38%, median price fell 3.24%, closed sales rose 2.9%, and pending … [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...]
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 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...]
Seaside Real Estate Report February 2016
Seaside Real Estate Seaside Real Estate Statistics Seaside Real Estate statistics for February, 2016 continues to show strength in sale prices but not so hot in closed volume or pending sales. Absorption rate dropped almost in half by 42.33% to 6.92% from 12 months last year and year-to-date is down 50.44% to 5.62 months from last year's 11.34 months. That's a huge shift. Average list … [Read more...]
Seaside Real Estate Year End 2015 Statistics
Seaside Real Estate Seaside Real Estate Metrics Seaside real estate numbers are looking strong for the end of 2015 with sale prices going up and inventory going down. Absorption rate year-over-year dropped a full 43.77% to 6 months from 10.67 last December. For the year inventory is down to 11.74 months from 15.34 months last year and a decline of 23.47%. It looks as though new listings … [Read more...]
