DESTIN REAL ESTATE: 2,356 Condos are currently for sale.
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March 2010 -- Condo sales are up significantly in 2009. Prices have declined 40 - 45 percent since their peak in 2005 which has spurred a significant increase in condo sales. While prices still have a slight downward creep due to financially pressured short sales, the increase in sales numbers each month has largely stabilized the condo market.
Inventory. There are currently 2,356 condos for sale in the greater Destin Florida sales area. Our property summary table below shows the distribution of the condo inventory across the geographic markets of our area. Inventory is on the decline with the overall condo inventory diminishing approximately 10% in the past 8 months.
Destin Condo Sales Slow, but Not Stagnant. If you find that perfect beach condo - go for it. Don't count on it being available later. Don't confuse "slow sales" with "no sales" and remember that there are likely to be other bargain shoppers looking at the same property you are for all the same reasons.
Foreclosures and Short Sales. Bargains are out there if you look and foreclosures and short sales are a good place to find them (See links to the left). There are currently 51 bank owned condos and 351 short sale condos for sale. It is interesting to note that foreclosures in our local area only account for 2 percent of the total condo inventory. Many perceive these numbers to be higher and are surprised by these low percentages. If you're looking for a deal, move fast. There's just not as many opportunities as you may think and others are seeking these for the same reason you are.
Looking to purchase a short sale or foreclosure? Purchasing foreclosures and short sales can be tricky as they are not like normal sales as they come with different terms and often a long waiting period of up to six months. Have questions? Just call us - we'll assist you in any way we can.
Remember .. true bargains are scarce. Just because there is a lot of inventory doesn't mean there are a lot of genuine bargains. Buyers searching for bargains must do their homework. Although true bargains are scarce, smart buyers teamed a smart Realtor team can find them. We're here to help if you need us!
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.
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.
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.
