Fall of 2020 has continued to bring heavy real estate activity along the Emerald Coast. The months of August and September brought twice the volume of sales for Newman-Dailey agents and the month of October also resulted in a higher sales volume as compared to 2019.
With the combination of multiple offers on a single listing and possible delays with lenders, our team has been working harder than ever to ensure their buyers and sellers achieve a successful closing.
In tracking real estate trends for the Destin market, we believe that we’ll experience more of the same as we move through the fourth quarter of 2020. Below is the residential sales report for the Destin area tracked by the Emerald Coast Association of Realtors (ECAR) for September 2020 compared to September 2019.
Residential Real Estate Report Breakdown of Sold Properties in September 2020 as compared to September 2019
Condominiums
Total Active Properties For Sale
Days on Market for Active Listings
Number of Sold Listings
Destin
16% less
44% less
83% higher
Miramar Beach/Sandestin
8% less
95% higher
30A
20% less
54% less
142% higher
Detached Single-Family Homes
33% less
55% less
71% higher
41% less
46% less
210% higher
38% less
52% less
139% higher
Residential Vacant Land
24% less
34% less
50% higher
100% higher
39% less
140% higher
*Data provided by the local Emerald Coast Association of Realtors
With interest rates staying at historically low rates for the foreseeable future, we do not expect any slowdown in real estate sales. If you are interested in diversifying your investment portfolio, contact our team today at 850-837-1071 or learn more at DestinSales.com.
See you @ the beach!
Whew... Lots of properties! Please, give us a sec.