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.
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Residential Real Estate Report Breakdown of Sold Properties in September 2020 as compared to September 2019
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Condominiums
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Total Active Properties For Sale
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Days on Market for Active Listings
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Number of Sold Listings
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Destin
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16% less
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44% less
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83% higher
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Miramar Beach/Sandestin
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8% less
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44% less
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95% higher
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30A
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20% less
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54% less
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142% higher
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Detached Single-Family Homes
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Total Active Properties For Sale
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Days on Market for Active Listings
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Number of Sold Listings
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Destin
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33% less
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55% less
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71% higher
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Miramar Beach/Sandestin
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41% less
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46% less
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210% higher
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30A
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38% less
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52% less
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139% higher
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Residential Vacant Land
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Total Active Properties For Sale
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Days on Market for Active Listings
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Number of Sold Listings
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Destin
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24% less
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34% less
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50% higher
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Miramar Beach/Sandestin
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8% less
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44% less
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100% higher
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30A
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33% less
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39% less
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140% higher
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*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.
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