Home > Blog > September 2018 > Sales Prices Continue to Climb for Destin Real Estate

Sales Prices Continue to Climb for Destin Real Estate

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As we head into fall, the Newman-Dailey Real Estate team is watching the trends for the Destin Real Estate Market. Real estate sales for condominiums along the Emerald Coast are strong. In fact, the average sales price for condominiums in Destin and Miramar Beach, Florida was up 8% for 2018 (Jan. – Aug) compared to 2017 (Jan-Aug).  

In addition, interest rates remain low, and there is still strong demand by investment buyers. In Destin and Miramar Beach, there is a 12 percent decrease in the number of days a listing is on the market and an 8% decrease in days on the market for condo sales along Scenic Highway 30A in South Walton. Here's a snapshot of the first 8 months of the year as compared to last year: 

Jan 01, 2018-Aug 31, 2018 compared to the first 8 months of 2017

At Newman-Dailey, we're experiencing one of our best years for real estate sales. In addition, the vacation rental market in Destin is enjoying growing demand and rentals are achiveving higher occupancy and ADR (average daily rate), which is great for buyers considering a second home or condo and placing it on a vacation rental program. Lastly, development and construction in Destin is also on the rise, including new condominiums being built in Destin and along Scenic Highway 30A, which is also making the Emerald Coast a more desireable place to live, work and vacation.

If you've considered investing in or selling a home in the Destin area, we encourage you to speak with one of our experienced real estate sales agents to learn more about real estate market trends. Find us at DestinSales.com or call 1-800-225-7652 and ask for the Real Estate Sales division. 

Not ready to buy? Consider a Destin vacation. View our premier Destin vacation rental homes and condomiums online or call one of our friendly vacation specialists at 1-800-225-7652 to help narrow your search. Remember to always book direct with Newman-Dailey to avoid hidden fees and enjoy our best rate guarantee. 

See you @ the beach!
*Sales numbers have been provided by the Emerald Coast Association of Realtors

Monday, September 17, 2018

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