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 makes you a more empowered buyer or seller. Let's explore some key real estate statistics highlighting the nuances of the Emerald Coast housing market during the beginning of 2024!
As seen in the infographic below inventory numbers are up compared year-over-year with 30A West leading at an increase of 49%. A number of factors remain at play including 2024 mortgage rate forecasts. Median sales prices are fluctuating a little more in the condo market than the home market with 30A West again leading the charge with a whopping 274% increase. The total number of properties sold remains steady and even compared to last year, while the sold volume increased 20%. The Emerald Coast continues to show it holds value even with market shifts. We cannot say definitively what the 2024 real estate market will look like, but 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 January:
The highest-priced condo sold within the areas of Okaloosa Island, Destin, Sandestin, Miramar Beach, Santa Rosa Beach, and 30A was:
The Crossings
Watersound | 30A East
3 Bed | 3.5 Bath
2,286 Square Feet
$3,200,000
The highest-priced home sold within the areas of Okaloosa Island, Destin, Sandestin, Miramar Beach, Santa Rosa Beach, and 30A was:
23 Highland Avenue
8 Bed | 8 Bath | 2 Half Bath
6,545 Square Feet
$9,400,000
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.