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
$1,640,000
Condo For Sale
SEACREST CONDO
Unit # 607
Beds:
2
Baths:
2
Sq Ft:
1,074
Year:
2000
$259,000
Condo For Sale
MARAVILLA I CONDO
Unit # 2112
Beds:
1
Baths:
2
Sq Ft:
832
Year:
1996
$294,000
Condo For Sale
AQUA VILLA
Unit # 305
Beds:
2
Baths:
2
Sq Ft:
900
Year:
1972
$195,000
hammock man relaxing
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Destin FL & Vicinity Condo Market Update

Southern half of Santa Rosa, Okaloosa, and Walton Counties

October 2014 --  Condo prices continue to trend upward while the numbers of buyers dip slightly.  While condo owners and sellers understandably celebrate the rise in condo prices, buyers are demonstrating less appetite for the condo product at current prices.  This year (YTD) is the first in 5 years that shows a slowdown in the number of condo sales.

Condo Price Trend

Condo Sales Price AverageCondo prices are trending upward.  Accelerated Rising prices seem to be the trend as we move toward the end of the year.   As illustrated by the chart on the right, 2014 is the third year of this trend.  An upward condo price trend is likely to continue at a gradual pace.

Although the lowest price point for condos has long passed, prices remain affordable and there are still bargains to be found.

Condo Sales Trend

Condo Sales The number of condo sales in 2014 down compared to 2013.  The slight dip in the number of condo sales year-over-year can be traced to three likely reasons.

  1. Some buyers have left the market as prices inch upward.

  2. A larger number of distressed inventory stimulated the 2012 and 2013 markets but fewer now remain. 

The chart  above illustrates performance of this year as compared to the same period during the previous 9 years.  Note the strong upward trend since the market bottom, and then the slight downward motion in the number sales in 2013-2014.

Condo Inventory Trend

Condo Inventory GraphCondo inventory has been steadily rising since its most recent low in Dec. 2012 of 1,285 condos for sale.  Current inventory is now only slightly above that record low.

Although condo inventory is trending upward it remains relatively low levels comparatively speaking.  Condo hit its record high in high July 2006 when it reached 5,047 condos for sale.

Condo Foreclosures and Short Sales

Short Sales & Foreclosures Distressed sales no longer control the local condo market.  The number of short sales have been falling since 2010 and continue to shrink in number, with the exception of an occasional 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.

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
276
25
143
0
444
PANAMA CITY BEACH
126
20
90
0
236
DESTIN
462
28
307
0
797
FORT WALTON BEACH
245
43
322
0
610
SANDESTIN
193
31
107
0
331
30A BEACHES EAST
98
26
367
0
491
30A BEACHES WEST
77
16
197
0
290
NAVARRE
32
8
138
0
178
PENSACOLA
2
0
20
0
22
N SANTA ROSA BEACH
1
8
189
0
198
NICEVILLE
23
13
258
0
294
CRESTVIEW AREA
0
12
549
0
561
FREEPORT
0
6
134
0
140
NORTH WALTON COUNTY
0
2
142
0
144
OTHER COUNTIES
0
0
24
0
24
NORTH SANTA ROSA COUNTY
0
0
38
0
38
Total:
1,545
241
3,064
0
4,850

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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