Tuesday, February 13, 2018

2017 Annual Market Sales Highlights

2017 proved to be another successful year for the Emerald Coast real estate market. The ever-increasing popularity of our area continues to fuel the economy and growth. These strong tourism numbers, combined with elevated awareness of alternative accommodations that has resulted from the popularity of service providers such as Airbnb and VRBO, have resulted in our location being a smart investment market. In fact, a recent poll revealed that 93% of Floridians were in favor of maintaining laws that would allow homeowners to rent their homes to vacationers.  

Destin ranked #1 as the best performing place to own a short term rental property in the vacation market. Panama City ranked at #5, and Santa Rosa Beach at #8!

Overall our area has seen many increases in sales. 30A continues to be a favorite of both condo and home buyers. 30A East saw an increase in both home sales (+13%) and condo sales (+15%). While 30A West proved to be more popular with home sales (+15%) over condo sales (-1%). Miramar Beach favored condo sales (+27.5%) over the slow and steady increasing of home sales (+4%). Popularly known for Gulf side condos along it's 3 miles strip, Okaloosa Island saw condo sales (+15%) go up as well. 

Check out a few more highlights:

The highest priced condo sold within the areas of Okaloosa IslandDestinSandestinMiramar Beach, and 30A was:

Viridian | Unit 401

30A East 


3 Bed | 3.5 Bath

3,831 Square Feet  

The highest priced home sold within the areas of Okaloosa IslandDestinSandestinMiramar Beach, and 30A was:  

24 South Briland Lane

30A East | Rosemary Beach


5 Bed | 5.5 Bath

4,520 Square Feet

Our team had an active share in the 2017 market. We assisted our wonderful buyers in the sales of the following properties:
82 Shirah Street
Destin Gulfgate | Unit 503
152 Satinwood Drive
Island Princess | Unit 318
Island Echo | Unit 4NO
Island Princess | Unit 519
71 Nelly Street
160 Marlberry Trace
107 Rainbow Drive
Ariel Dunes II | Unit 702
Pointe of View | Unit 901
Crystal Cove | Unit 2223
30 NW Cape Drive
77 Pelayo Street 
48 E Milestone Drive | Unit C
313 Mattie Kelly Boulevard
Villas at Suncrest | Unit O202
Ariel Dunes II | Unit 604
Hidden Dunes Grand Villas | Unit 640
Gulf Crest | Unit 1506B
Sea Oats | Unit 308
Ariel Dunes II | Unit 1006

We worked with our sellers to get the folow listings sold in 2017:
117 Gulf Shore Drive
Mainsail | Unit 441
Wendwood | Unit C1
The Palms of Destin | Unit 11113
Bayside at Sandestin | Unit 6769
Seagrove Highlands | Unit 1102
Blue Dolphin | Unit 303
Island Princess | Unit 319
Sea Palm | Unit 5B
Gulf Dunes | Unit 102
313 Sand Myrtle Trail
110 Legion Park Loop
Lot 22 | 393
Emerald Towers West | Unit 5001
Noblat Townhomes | Unit 126
Seascape Condo Garden Villa | Unit 27A
Sandpiper Cove | Unit 1006
Noblat Townhomes | Unit 130
Noblat Townhomes | Unit 132 & 134
Sterling Shores | Unit 219
Seacove | Unit 7E
Seascape Condo Garden Villa | Unit 39B
2801 Ping Lane
Gulf Place Town Center East | Unit 220
Waterscape | Unit B610
Ariel Dunes II | Unit 1105
Tropical Isle | Unit 208
Noblat Townhomes | Unit 128
Bayou Village | Unit 639
Lasata at Sandestin | Unit 3505

Fact: The average days on the market for the areas 
included in our highlights was 138. 
Fact: Our average days on the market for properties 
we listed and sold in 2017 was 63 days!

Adding to the listings we sold above, we also worked with sellers to get these properties on the market in 2017:
Lasata at Sandestin | Unit 3310
East Pass Towers | Unit 626
20 Ballamore Road
6 Lakeshore Drive
Calypso Resort | Unit E2304
The activity in 2017 was exciting and we're hustling our way right through the beginning of this year. We love staying in touch to keep both our buyers and sellers prepared for the rest of this year, with our current focus on the upcoming spring season. This is a great time to perform some due diligence regarding purchasing property. Spring will be here before you know it and keeping on top of the market will ensure that you don't miss any deals. We are getting a new influx of inventory daily and there are some great opportunities out there right now. The daily hot sheet has new listings hitting the market every day, so let us know if you would like to receive updates on the market! 

With the start of 2018, we were able to get several more properties under contract. We'll have all the details in the January Market Report.

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