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Destin Real Estate Forecast for Fourth Quarter 2020

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

44% less

95% higher

30A

20% less

54% less

142% higher

 

Detached Single-Family Homes

 

Total Active Properties For Sale

Days on Market for Active Listings

Number of Sold Listings

Destin

33% less

55% less

71% higher

Miramar Beach/Sandestin

41% less

46% less

210% higher

30A

38% less

52% less

139% higher

 

 

 

 

Residential Vacant Land

 

Total Active Properties For Sale

Days on Market for Active Listings

Number of Sold Listings

Destin

24% less

34% less

50% higher

Miramar Beach/Sandestin

8% less

44% less

100% higher

30A

33% less

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!

Published on Monday, October 26, 2020

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