Weekly Hotlist
Presenting a weekly list of all newly listed or reduced in price Condos for sale.
 
Featured
Condos For Sale
Condo For Sale
GRAND HARBOR DESTIN CONDO
Unit # 950
Beds:
5
Baths:
5
Sq Ft:
5,250
Year:
2001
$1,999,000
Condo For Sale
ARIEL DUNES CONDO
Unit # 2001
Beds:
3
Baths:
3
Sq Ft:
1,588
Year:
2006
$415,000
Condo For Sale
MAINSAIL CONDO PH V
Unit # UNIT 212
Beds:
3
Baths:
3
Sq Ft:
1,462
Year:
1984
$489,900
Condo For Sale
SANDPRINTS CONDO PH I-V
Unit # UNIT A10
Beds:
2
Baths:
2
Sq Ft:
1,250
Year:
1984
$139,000
hammock man relaxing
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Destin FL & Vicinity Condo Market Update

Southern half of Santa Rosa, Okaloosa, and Walton Counties

April 2014 --  If you're selling your condo you'll be pleased to see local condo prices on the rise as the number of distressed property sales trend downward.  If you're looking to buy a condo, you've probably already noticed this trend and have drawn the conclusion that waiting to buy a condo may no longer be working to your advantage.  Details are provided below.

Condo Price Trend

Condo Sales Price AverageThe average price of condos sold the first two months of 2014 is the lowest of the past decade.  While two months don't make a trend it is worth noting.  The lower average price reflects buyers preference for lower priced investments, at least for the first two months of this year.

The value per square foot on the other hand continues to trend upward, but with only slight upward momentum.

The Condo market's bottom has passed, but prices remain historically low and there are still bargains to be found.  Interest rates contiunue to nudge upward and will be worth watching this year.  The actual cost of condo ownership is tied to lending rate as much as purchase price unless purchasing all cash.

Condo Sales Trend

Home Sales While January and February buyers demonstrated a preferance for  the lower-end of the condo investment spectrum  the demand was alive and well with respect to demand.  The first two months of this year outpaced  last year by 5% in number of sales.  The chart to the right also illustrates performance of the previous 9 years during the same period.  Note the strong upward trend since the 2007 condo market bottom.

Condo Inventory Trend

Condo Inventory GraphCondo inventory has fallen steadily since July 2006 when it hit its high of 5,047 condos for sale.  The lowest number of condos for sale this decade occurred in February 2004 when condo inventory fell to 1,175 units.  Current inventory is now only slightly above that record low.  Looking at the graph on the left you'll notice an upward trend in inventory this year.  Recent increase in condo prices has enticed at least a few additional condo owners to consider selling their units.

Continued low interest rates and falling inventory have initiated a slow recovery of prices and will sustain it in the foreseeable future according to national experts.    Low Interest rates are critical to continued condo market growth.  National economic forecasts say they are expected to remain at record lows for at least the next year, although they climbed slightly this year from their all-time low.

Condo Foreclosures and Short Sales

Short Sales & ForeclosuresDistressed sales no longer control the local condo market.  The number of foreclosures have been falling since last year and continue to shrink in number, with the exception of an occassional upward 'blip'.

If you're buying a foreclosure or short sale expect your offer to be one of several being considered.  Also expect the process to be rigorous with a long wait for the sale to be final and no guarantee of outcome.  For that reason, we always suggest you do your homework (we're here to help of course) to make certain you have a deal worth the additional wait and the risk.  All of them aren't!

Condos for For Sale

Please let us know if I may assist you in obtaining detailed information for properties located in any of the following cities or regions below.

Emerald Coast Map
Area
Condos
Town Homes
Homes
Lots / Land
Total
MIRAMAR BEACH
260
32
118
0
410
FORT WALTON BEACH
251
51
293
0
595
DESTIN
504
28
274
0
806
30A BEACHES WEST
74
12
197
0
283
SANDESTIN
217
24
99
0
340
30A BEACHES EAST
118
22
365
0
505
NAVARRE
42
5
153
0
200
NICEVILLE
19
28
236
0
283
N SANTA ROSA BEACH
6
15
167
0
188
FREEPORT
0
7
148
0
155
Total:
1,491
224
2,050
0
3,765

Condos for sale -- Search by City and Complex

Condos for sale - sorted by City and Complex -- we now provide a way for you to search for all Condos for sale at over 1,200 neighborhoods within 25 miles of Destin.  Use the links below to find your favorite condo for sale, bookmark the page, and return often to keep track of local condo inventory and prices.

About Our Site

IMPORTANT NOTE: All information provided on this site is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.

RELIABILITY: RE/MAX Paradise Properties strives to ensure the accuracy of the data contained within this site. Information is deemed reliable, but is not guaranteed.

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