As we enter the second half of 2018, the constant narrative is this: lower inventory to choose from along our beaches and coastal communities, which is driving median prices higher in most areas. Even though inventory is lower than this period in 2017, buyers continue to decisively purchase properties, and sellers are able to draw advantages from the demand and decreased competition.
Overall our area has seen many increases in sales for the first half of the year. Miramar Beach proves to be a favorite of both condo and home buyers seeing an increase in both home sales (+9%) and condo sales (+17%). While Destin proved to be more popular with condo sales (+25%) over home sales (-5%). Sandestin saw the greatest increase in condo sales (+30%) over the slower increase of home sales (+4%). 30A East dipped in both condo sales (-4%) and home sales (-1%). 30A West dipped in condo sales (-4%), but rose sightly in home sales (+6%). Popularly known for Gulf front condos along it's 3 mile strip, Okaloosa Island saw a dip in condo sales (-27%), as well as home sales (-16%).
Check out a few more highlights:
The highest priced condo sold within the areas of Okaloosa Island, Destin, Sandestin, Miramar Beach, and 30A was:
Grand Dunes
Miramar Beach
$3,000,000
5 Bed | 5 Bath
4,100 Square Feet
The highest priced home sold within the areas of Okaloosa Island, Destin, Sandestin, Miramar Beach, and 30A was:
3034 E County Highway 30A
Seagrove Beach
$10,750,000
7 Bed | 9.5 Bath
6,462 Square Feet
Our team has had an active share in the 2018 market so far. In addition to placing several properties on the market, we have also assisted our wonderful clients in the sales of 18 properties, and are continuing strong into the second half of the year.
Would you like to know more about the market in a specific area?
Give us a call or email us and we'll get you all the info you need.
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