Our goal is to provide valuable insight for current homeowners, investors, or those simply interested in the Destin to 30A condo and home market. Understanding the real estate market empowers both home buyers and sellers with the knowledge needed to navigate the market effectively, make strategic decisions, and achieve their financial and personal goals. Let's explore some key real estate statistics highlighting the nuances of the Emerald Coast housing market during the month of May!
As seen in the infographic below inventory numbers are up significantly compared year-over-year with Okaloosa Island (54%) leading. Condo median sales prices are mostly increasing, while median home prices are fluctuating across the area. The total number of properties sold saw a decrease of 4% compared to last year, while the sold volume increased 13%. Summer is historically a busy season for the real estate scene, so we are prepared for the potential influx of buyers and sellers and are here to assist however we can. We're excited to see what the rest 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 May:
The highest-priced condo sold within the areas of Okaloosa Island, Destin, Sandestin, Miramar Beach, Santa Rosa Beach, and 30A was:
4 Bed | 4 Bath
4,300 Square Feet
$5,200,000
The highest-priced home sold within the areas of Okaloosa Island, Destin, Sandestin, Miramar Beach, Santa Rosa Beach, and 30A was:
113-A Sandy Shores Court
6 Bed | 6 Bath | 2 Half Bath
7,414 Square Feet
$18,750,000
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.
