As summer reaches its peak, the August real estate markets here along the Emerald Coast continues to show dynamic activity. This analysis provides an overview of key real estate statistics for these coastal communities, highlighting significant trends in property values, sales volume, and market performance. Whether you're an investor, buyer, or industry professional, these insights offer a clear view of the current market conditions and emerging opportunities in one of Florida's most sought-after regions.
Let's explore some key real estate statistics highlighting the nuances of the Emerald Coast housing market during the month of August!
As seen in the infographic below inventory numbers are up significantly compared year-over-year with the Okaloosa Island area (41%) leading. Condo median sales prices are fluctuating, while median home prices are down or holding steady across the area. The total number of properties sold saw a decrease of 14% compared to last year, with the sold volume showing a 28% decrease. Check out more details below!
We love selling the Emerald Coast in the busy summer months and are here to assist however we can. We're excited to see what the second half of this year brings and can't wait to work with old and new clients as we make real estate your best investment! Now is a great time to look into the real estate market. Why? Because it's never a bad time to own. If you'd like more detailed information on a particular area or community, or if you would like to know the value of your property, feel free to reach out to us. Our priority is to provide valuable info to those seeking it.
Check out the area sales highlights for August:
The highest-priced condo sold within the areas of Okaloosa Island, Destin, Sandestin, Miramar Beach, Santa Rosa Beach, and 30A was:
4 Bed | 3 Bath
2,209 Square Feet
$3,150,000
The highest-priced home sold within the areas of Okaloosa Island, Destin, Sandestin, Miramar Beach, Santa Rosa Beach, and 30A was:
8570 E Co Hwy 30A
6 Bed | 7 Bath | 2 Half Bath
7,650 Square Feet
$12,750,000
Now is a great time to perform some due diligence whether you're considering selling or purchasing property. With the current supply and demand and ever-changing economic landscape, timing is crucial. You need a team who will help you make the right decisions, at the right time. If you feel unsure about your current real estate holdings, we're here to help guide you to make the best decision for you.
