As the year came to a close, December brought fresh insights into the real estate market in Destin, 30A, Miramar Beach, and Santa Rosa Beach, FL. From shifts in home prices to condo sales trends, these coastal communities remain hotspots for buyers and investors. Explore the latest insights shaping Florida's coastal real estate market.
As seen in the infographic below inventory numbers continue to trend up year-over-year with the Okaloosa Island area (27%) leading once again. Condo median sales prices are mostly trending higher, while median home prices are mostly showing a decrease. The total number of properties sold saw a decrease of 2% compared to last year, with the sold volume showing a 15% increase. Check out more details below!
We love selling the Emerald Coast in the calmer winter season and are here to assist however we can. We're thrilled to close out another year of success and prepare for the busy spring season. We are excited 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 December:
The highest-priced condo sold within the areas of Okaloosa Island, Destin, Sandestin, Miramar Beach, Santa Rosa Beach, and 30A was:
3 Bed | 3.5 Bath
3,015 Square Feet
$4,450,000
The highest-priced home sold within the areas of Okaloosa Island, Destin, Sandestin, Miramar Beach, Santa Rosa Beach, and 30A was:
116 S Charles Street
5 Bed | 5 Bath | 2 Half Bath
5,152 Square Feet
$11,500,000
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.
