Conditions Of The Destin, Florida For Sale Market

The Destin market, like many areas around the country remains weak. The good news for buyers is that if you are looking to buy, you probably could not pick a better time…… assuming you are very aggressive with your offers.

What everybody knows in this market is that it will return, and will return very strong at some point. When that turning point actually occurs however is anybody’s guess.

The data below provides a good indication of the market status.

Notice in the table below there is a very large difference between the average list price and the average sale price. This simply means that currently, most of the sales are occurring only in lower priced properties.

Destin Homes For Sale Market Data
The next series of charts really give you a good view of what is happening in our homes for sale market. Clearly with this level of inventory on the ground, the market is controlled by buyers at this point. Aggressive buyers can definitely use that to their advantage.

* Chart 1: Shows dollar per square-foot of all listed properties versus asking price
* Chart 2: Same as Chart 1 but zoomed in on the lower priced properties
* Chart 3: Number of houses for sale in different price categories

Destin Home Market Aug. 2008

Destin Condo/Townhome Market Data
 The next series of charts really give you a good view of what is happening in our townhome/condo market. Clearly with this level of inventory on the ground, the market is controlled by buyers at this point. Aggressive buyers can definitely use that to their advantage.

* Chart 1: Shows dollar per square-foot of all listed properties versus asking price
* Chart 2: Same as Chart 1 but zoomed in on the lower priced properties
* Chart 3: Number of condos/townhomes for sale in different price categories

Destin Condo/Townhome Market

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Other Useful Destin Real Estate Info

Using the below chart, you can also get a visual feel for trends in the Destin, Florida market.