If you’ve been waiting for the perfect time to buy the Destin beach home or condo you’ve always dreamed of, now is the time. Mortgage interest rates are at their lowest level in nearly two years, with the average rate on a 30-year fixed mortgage at 3.73 percent, as of January 9, according to Freddie Mac.
At the same time, property values are rising along the Emerald Coast, as demand for homes, condos and land is increasing. The average price of properties listed for sale is up 6.37 percent, with median price up 4.09 percent over the same period a year ago. And according to statistics from the Emerald Coast Association of Realtors, year-to-date there has been a 2.9 percent increase in sold listings and a 10.4 percent increase in listings under contract.
When you consider that interest in Destin real estate seems to rise along with temperatures, it’s likely that there will be more competition for the existing supply of homes and condos as we head into spring.
Wouldn’t it be wonderful to vacation this year in your very own place at the beach? And a dream home is a great investment. You can also offset expenses by placing your home or condo on our vacation rental program and have it generate income, while serving as your very own beach haven. And Newman-Dailey’s 30 years of experience in vacation rental management ensure that each property’s income reaches its maximum potential.
If you’re considering making 2015 the year that your dream home at the beach finally becomes a reality, contact one of our experienced and attentive Newman-Dailey Realtors (850-837-1071) for a thorough review of the local market and a curated list of properties that are perfect for you.
After all, life is better in flip flops!
*Pictured: Spectacular first floor unit for sale at Jade East Condos in Destin
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