With a minor slowdown in sales during the months of March and April due to COVID-19, May and June have really packed a punch. Interest rates are amazingly low and investors are seizing the opportunity to own a slice of paradise along Florida’s Emerald Coast. Developers are continuing to build new homes and condos, while owners are remodeling their properties. There is a lot of activity in the Destin, Miramar Beach and 30A real estate market and we do not anticipate activity slowing down in the near future.
The experienced team of real estate agents at Newman-Dailey has experienced an increase in May and June sales inquiries via online leads and incoming phone calls. The team is quickly adapting to the ever-changing environment with “safe” open houses and property showings. Florida Realtors® developed an open house guide that we are following to keep safety at the forefront.
Our team is constantly following Destin real estate market trends as well as keeping their finger on the pulse of this year’s performance vs. last. The following chart based on data from the Emerald Coast Association of Realtors® breaks down the difference in activity from June 2020 to June 2019. The data is eye-opening! The volume properties sold in the Destin area are at record highs, especially for the Miramar Beach and 30A areas.
Residential Report Breakdown of Sold Properties comparing June 2020 to June 2019
Condominiums
Total Active Listings
# of Sold Listings
Sold Volume
Average Sales Price
Days on Market
Destin
4% more
25% more
21% higher
3% lower
10% longer
Miramar Bch/Sandestin
10% more
63% more
78% higher
9% higher
24% shorter
30A
110% more
148% higher
19% higher
32% longer
Detached Single-Family Homes
14% less
26% less
10% lower
36% shorter
10% less
69% more
92% higher
13% higher
65% longer
5% less
41% more
25% higher
22% longer
Residential Vacant Land
16% less
41% lower
30% lower
30% shorter
18% less
No Change
500% higher
23% shorter
13% less
24% more
74% higher
61% higher
21% shorter
*Data provided by the local Emerald Coast Association of Realtors
Ready to purchase your piece of paradise? View recent real estate listings here or contact one of our experienced team members via email or call our office at 850-837-1071.
Not ready to make a purchase just yet? Plan a Destin vacation! View our collection of Destin, Miramar Beach and 30A vacation rentals online or call one of our friendly vacation specialists at 1-800-225-7652 to help narrow your search. Remember to always book direct with Newman-Dailey for our best rate guarantee and no hidden fees.
See you @ the beach!
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