The Real Estate Team at Newman-Dailey Resort Properties is reporting a "hot" summer for Destin real estate sales. New builds and resales have been keeping our team busy. Along Scenic Highway 30-A, new developments are on the rise and the added inventory has kept condominium and home sales strong. The Destin, Miramar Beach area is experiencing reduced inventory, and therefore, sales have slowed a bit. However, with several new builds on the horizon, we anticipate the volume of sales will begin growing again in the coming months. That said, the number of days listings are on the market before being swooped up by a buyer is still, on average, less than it was during the second quarter of 2018. To keep up with the growth, US Highway 98 widening and improvement project is projected to be completed in 2021 with more lanes and sidewalks. Learn more about the status of this project on the FDOT Website here.
Here's a look at 2nd Quarter 2019 Real Estate Trends. *Data provided by Emerald Coast Association of Realtors.
Residential Report Breakdown of Sold Properties for the Second Quarter of 2019 (when compared to the 2nd Quarter of 2018)
Condominiums
Total Active Properties For Sale
Average Sales Price
Days to Close
Days on Market
Destin and
Miramar Bch/Sandestin
9% less
8% lower
13% less
10% shorter
30A
22% more
18% higher
2% less
1% longer
Detached Single-Family Homes
2% more
1% higher
11% more
13% longer
5% more
3% lower
2% shorter
Residential Vacant Land
12% less
18% lower
18% more
15% longer
1% more
23% lower
45% more
50% longer
Here at Newman-Dailey, we are experiencing a high volume of sales and foot traffic in our main office with guests wanting to own a piece of paradise. Let one of our experienced real estate agents help you find the best option for you and to discuss ways to diversify your investment portfolio. Learn more about our Real Esate Team here or call us at 1-800-225-7652.
Not ready to purchase a piece of paradise? View our premier collection of South Walton and Destin Vacation rentals online or call one of our friendly vacation specialists at 1-800-225-7652.
See you @ the beach!
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