Destin Real Estate Market Information and Statistics over the First Quarter of 2014

A quick and concise reference to learning and understanding the Destin, Florida real estate market.

Destin Residential Housing Statistics Year-To-Date Vs. Same Time Period 2013

 

Destin Homes, Condominium, and Town-home Sales

Number of Sales are Down 25%

Number of Distressed Property Sales (Bank-owned, Short Sale, Etc.) Down 16%

Average $ Per Square Foot Up 6%

Average Sale Price Up 3%

Median Sale Price Up 5.5%

Properties Are Selling 1-3 weeks Faster

Properties Are Selling (On Average)  at 94% of Listing Price

Currently 1o Months of Inventory


Destin Homes Only

Number of Sales Down 18.5%

Number of Distressed Home Sales (Bank-owned, Short Sale, Etc.) Down 1/2%

Average $ Per Square Foot Down 3.6%

Average Sale Price Down 12.2%

Median Sale Up 4%

Properties Are Selling 3-6 Weeks Faster

Properties Are Selling (On Average) at 95% of Listing Price

Currently 8 Months of Inventory


 

Destin Condominiums Only 

Number of Sales Down 19%

Number of Distressed Condo Sales (Bank-owned, Short Sale, Etc.) Down 20%

Average $ Per Square Foot Up 9.5%

Average Sale Price Up 15%

Median Sale Up 11.5%

Properties Are Selling At A Similar Pace To 2013

Properties Are Selling (On Average) at 93% of Listing Price

Currently 10.8 Months of Inventory


 

Destin Vacant Land (Residential Lots)

Number of Sales Down 26%

Number of Distressed Condo Sales (Bank-owned, Short Sale, Etc.) Down 50%

Average Sale Price Up 20%

Median Sale Up 23%

Properties Are Selling (On Average) 6 Months Faster

Properties Are Selling (On Average) at 92% of Listing Price

Currently 15.5 Months of Inventory

 

All details are approximate as of June 30th, 2014.

 

If you are interested in more detailed market information, please contact me directly with your questions. More detailed and specific reports for your specific home or community are available upon request.  Contact Jon Lyons

 

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