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.

 

First Quarter 2014 vs. 2013

GROWTH | DECLINE

Absorption Rate: -6.5%

The absorption rate through the first quarter of 2014 is 10.38 months collectively. This number is historically low for this time of year, meaning all homes on the market would sell in 10.38 months if no other listings entered the market.

Average Property Sale Price: +5.35%

Average sale prices have climbed to $390,000 in Destin and $425,000 in Miramar Beach.

Median Property Sale Price: +13%

Median sale prices have climbed to $308,000 in Destin and $330,000 in Miramar Beach.

Average Property List Price: +4%

Average list prices have climbed to $629,000 in Destin and $558,000 in Miramar Beach.

Median Property List Price: +3%

Median list prices have climbed to $425,000 in Destin and $399,000 in Miramar Beach.

 

These statistics are meant to be a knowledge source for buyers, sellers, and the curious. If you are interested in learning more about specific communities, developments, or learning how much your property can sell for today, contact me today.

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