Destin Florida Real Estate Market Update- Sept 2024
Getting ready to sell your home in the greater Destin Florida area? Or perhaps 2024 is the year you turn the dream of owning along the Emerald Coast into reality. Either way, local real estate market knowledge is important. Let's take a look at how the Greater Destin Florida real estate industry is performing in August/September 2024.
The Greater Destin Florida Condo Report September 2024
For the purpose of this report we will examine condo transactions from Fort Walton Beach over to Inlet Beach Florida. There are currently 1,400 condos for sale within this geographic span. During this time range 96 condos successfully closed escrow. Units that sold in August averaged 128 days on the market. With an average sales price of 777,984 dollars local condos continue to command a premium. This number will vary based on building, upgrades, and proximity to the beach.
The Greater Destin Florida Single Family Home Report September 2024
Given the same search parameters as above, there are currently 1,751 single family homes for sale. Pretty much every popular architectural style is represented in this total. During the month of August , 214 homes were successful in finding a new buyer. How long should it take to sell my Destin Florida area single family home? Every property is unique, but local homes are averaging 92 days on market. A note of caution, of those homes that have YET to sell, the average days is 177! What will a home in Greater Destin Florida fetch? In August 2024 the average single family sales price was 1,294,912 dollars.
Why Destin Florida??
What Do these statistics suggest?
The overall theme these days centers on numbers. Specifically starting price. Homes priced right from the start, seem to fair better than those "reaching for a number". The days of bidding wars over improperly priced homes is in the rearview mirror. On the buyer side, there should be some bargains especially if the cost to borrow continues to decline. Of course such a decline will likely result in rising prices.
Want a top Destin Florida real estate agent to guide you through the market fog? Call Doug Rogers (318) 613-1994 with RE/MAX Coastal Properties. Care to see homes currently on the market? Go to Destin Fl Homes For Sale to see units posted on the local mls.
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