Presenting a weekly list of all newly listed or reduced in price homes for sale.
4500 OCEANVIEW DRIVE
66 TARPON STREET
4836 OCEAN BOULEVARD
4657 DESTINY WAY
59 TRANQUILITY LANE
Destin Florida Homes - Market Update
November 2017 -- The number of home sales in Destin and vicinity has steadily grown over the past 8 years. Destin & vicinity home sales bottomed in 2008 and have steadily increased each year since. The average price of homes sold have also increased steadily.
The lowest point in average Destin home prices occurred in 2009. All years since that time show Destin home sales prices to have increased. For the first time in a decade, the average home price in the Destin vicinity is over $480,000.
The upward trend in the number of sales - and prices is expected to continue especially in light of affordable mortgages with interest rates remaining at historical lows.
The number Destin & vicinity home sales have almost tripled since 2008 as the beach areas of Destin and vicinity are supercharged with the influx of new families and second home buyers. The chart to the right illustrates the number of home sales YTD 2017 compared to the same period the previous 9 years. The sustained growth in the number of Destin home sales year-over-year is indicative of a strong and continuing consumer demand.
Destin & Vicinity Home Inventory Trend. While home sales are booming, the inventory is falling. The number of buyers far outweigh the number of sellers and the shrinking inventory proves this point very well.
While the number of new homes being built have has increased and helps fill the demand, it is barely keeping up. The number of homes for sale in Destin & vicinity. In fact, new home construction now accounts for 14% of all homes currently listed for sale.
Home Foreclosures & Short Sales
Short Sales In short supply, but Foreclosure numbers are on the rise. The number of short sales has fallen steadily since 2010. While there are a few, they no longer dominate the homes sales markets as in the past.
Homes For Sale in Destin, 30A, and Vicinity
A complete list of condos, homes, and townhomes for sale within Destin, 30a and other nearby geo regions are listed by geographic area below. Please let us know if may assist you in obtaining detailed information for properties located in these local regions.
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