Part of our success depends on providing you with valuable insight so that you understand the real estate market, empowering you with the knowledge needed to navigate the market effectively, make strategic decisions, and achieve your financial and personal goals. This knowledge paired with our skills as professional Realtors with decades of experience ensures that you have all you need to make the best decisions regarding your real estate portfolio. If you have any questions – send them our way and we'll get you the answers you deserve.
Let's explore some key real estate statistics highlighting the nuances of the Emerald Coast housing market during the month of July!
As seen in the infographic below inventory numbers are up significantly compared year-over-year with the Okaloosa Island area (58%) leading. Condo median sales prices are down across most areas, while median home prices are fluctuating across the area. The total number of properties sold saw a decrease of 16% compared to last year, with the sold volume showing only a 4% decrease. Check out more details below!
We love selling the Emerald Coast in the busy summer months, so we are prepared for buyers and sellers alike, 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 assist in making 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 July:
July 2024 Condo & Home Sales Highlights by Sold In Paradise
The highest-priced condo sold within the areas of Okaloosa Island, Destin, Sandestin, Miramar Beach, Santa Rosa Beach, and 30A was:
3 Bed | 3 Bath
2,320 Square Feet
$2,950,000
The highest-priced home sold within the areas of Okaloosa Island, Destin, Sandestin, Miramar Beach, Santa Rosa Beach, and 30A was:
181 Paradise By the Sea
7 Bed | 8 Bath | 2 Half Bath
10,604 Square Feet
$28,500,000
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.
