Destin Area Housing Market Information & Statistics April 2014

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

In a nutshell:

As the overall number of property sales have dropped over the first few months of the year, April was no exception. While median and average sales prices bounce around a bit year to year, the million plus market and bank owned property market has remain hot.

*This report contains housing market information within the areas of Destin, Florida and Miramar Beach, Florida. To get a truer glimpse of the real estate market, values should be evaluated over extended periods of time. See Quarterly report.*


 Market Trends & Hot Communities

Bank-owned and aggressively priced properties continue to bring in multiple offers

New construction and newly renovated homes are very popular

Builders and developers are launching new high-end projects and re-developing aged areas

Destiny by the Sea, Destiny East, Crystal Beach, Indian Bayou and Inlet Beach are very hot areas


Homes (Detached single family)

ACTIVE

Average home listing price:  $568,320              year-year change: -10%

 

SOLD

Average home sale price:  $534,000             year-year change: -10%

Median home sale price: $420,000               year-year change: +5%

Average price per square foot: $215             year-year change: 0% (same)

Average days on market before sale: 149 days                    year-year change: -3%

Average List price to sales price ratio: 93.5%

 


 

Condominiums and Town-homes

ACTIVE

Average home listing price: $378,500              year-year change: +26.5%

 

SOLD

Average sale price: $354,000              year-year change: +27%

Median sale price: $242,500              year-year change: +7.5%

Average price per square foot: $233                    year-year change: +10.5%

Average days on market before sale: 216          year-year change: <01.% change


Other Market Indicators:

Million-plus sales:  13

Number of overall sales: 142                    year-year change: -21%

 

Number of distressed property sales: 25                   Percentage of market: 17.5%


 

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