Home\Blog\July 2020\Real Estate Sales Rebound Along the Emerald Coast This Summer

Real Estate Sales Rebound Along the Emerald Coast This Summer

sold June 2020

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

10% more

110% more

148% higher

19% higher

32% longer

 

Detached Single-Family Homes

 

Total Active Listings

# of Sold Listings

Sold Volume

Average Sales Price

Days on Market

Destin

14% less

26% less

10% lower

21% higher

36% shorter

Miramar Bch/Sandestin

10% less

69% more

92% higher

13% higher

65% longer

30A

5% less

41% more

78% higher

25% higher

22% longer

 

Residential Vacant Land

 

Total Active Listings

# of Sold Listings

Sold Volume

Average Sales Price

Days on Market

Destin

16% less

16% less

41% lower

30% lower

30% shorter

Miramar Bch/Sandestin

18% less

No Change

500% higher

500% higher

23% shorter

30A

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!

Published on Monday, July 6, 2020

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