DESTIN FLORIDA HOMES FOR SALE: 3,347 homes currently for sale.
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Destin Florida Homes - Market Update
June 2008 -- Last month's home market once again showed neither improvement nor decline in the number of buyers seeking homes. Almost at the half way mark in 2008 the number of home contracts in 2007 and 2008 is a virtual tie.
Destin home Sales are slow, but not stagnant. Last month, 149 contracts for the purchase of a home in our local area were signed by buyers. If you find that perfect home - go for it. Don't count on it being available later. Don't confuse "slow sales" with "no sales" and remember that there are likely to be other bargain shoppers looking at the same property you are for all the same reasons.
Looking for a "Short Sale"? You may want to rethink your strategy. While sellers who find themselves in short sales situations tend to be motivated, buyers should be aware that risks are involved. For example, all banks and lending institutions require "as Is" contracts which take away specific buyer friendly clauses. Also, as banks and other lending institutions have become inundated with short sale requests, the time it takes for bank review and acceptance of buyer offers has become longer and longer. Many banks now take 120 days and even 180 days to accept, respond, and close the deal. That means a long time in "limbo" for short sale buyers. A "normal" deal between buyer and seller with no "Short Sale" bank or lender involved can be completed in 30 days.
Overall Home Value Trends. Statistics show home values along the coast adjusted downward 11% from last year . Although a slight downward trend the rate of decline has slowed as recent decreases in interest rates, property taxes, and hazard insurance are beginning to lessen the cost of ownership and assert a positive effect in our local market tempo. While difficult for sellers, buyers have never had it so good. Home buyers looking for a bargain can expect to be rewarded. This is especially true in the next few months as improving interest rates and lower cost of ownership replenish the number of buyers seeking bargains in the market.
Remember .. true bargains are scarce. Just because there is a lot of inventory doesn't mean there are a lot of genuine bargains. Buyers searching for bargains must do their homework. Although true bargains are scarce, smart buyers teamed a smart Realtor team can find them. We're here to help if you need us!
Homes For Sale
Please let us know if I may assist you in obtaining detailed information for properties located in any of the following cities or regions below.
Homes for sale -- Search by City and Complex
Homes for sale - sorted by City and Complex -- we now provide a way for you to search for all Homes for sale at over 1,200 neighborhoods within 25 miles of Destin. Use the links below to find your favorite home for sale, bookmark the page, and return often to keep track of local condo inventory and prices.
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IMPORTANT NOTE: All information provided on this site is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.
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"Outstanding Agents, Outstanding Results"
Re/Max Paradise Properties
12815 Highway 98 West
Destin FL 32550
800) 295-3073
(850) 865-8635
DESTIN FLORIDA HOMES FOR SALE: 3,347 homes currently for sale.
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