Our team of real estate experts continues to closely monitor the South Walton and Destin real estate market, reviewing trends and market changes that will help our clients.
In Destin, the median sales price for homes from July – October 2015 was $278,000, representing a small decline of four percent compared to the same quarter last year. Overall, market prices have remained consistent over the last quarter and home values continue an upward trend. Popular real estate website, Trulia, reports that sales prices have appreciated 3.7% over the last five years in Destin, which is a good sign for buyers and sellers.
In neighboring Walton County, the Florida Realtors Report shows that closings for September 2015 were up 4.4 percent with the median sale price was $375,000 for single family homes, up 19% over Sept. 2014. New listings have also been on the rise with 282 new listings for single family homes in Walton County in Sept. 2015, up 19.5% from Sept. 2014. This is a good sign considering Walton County’s anticipated growth.
The US Census Bureau reported that Walton County is the third fastest growing county in the state of Florida. According to the US Census Bureau website, Walton County’s population went from 59,403 in July 2013 to 61,530 in July 2014. With both tourism and population growth forecasted for South Walton, our South Walton real estate team is closely monitoring 30A real estate opportunities and new developments throughout South Walton.
Interested in learning more? Contact one of our experienced team of Destin REALTORS and Real Estate Sales Agents at 850-837-1071.
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