Featured
Condos For Sale
Condo For Sale
SOUTHWINDS III AT SANDESTIN
Unit # 4603
Beds:
2
Baths:
2
Sq Ft:
2,032
Year:
1999
$764,900
Condo For Sale
MEDITERRANEA OF DESTIN CONDO
Unit # A-403
Beds:
2
Baths:
2
Sq Ft:
1,471
Year:
2003
$619,000
Condo For Sale
LA TERRAZA TOWNHOME
Unit # B
Beds:
4
Baths:
4
Sq Ft:
2,200
Year:
2013
$629,000
Condo For Sale
EMPRESS AT SEASCAPE THE
Unit # 302
Beds:
3
Baths:
3
Sq Ft:
1,926
Year:
1998
$725,000
Destin Florida & Vicinity
Condos For Sale
Listings for all condos for sale updated daily!
  

Destin Florida Condo Market Update

January 2017 -- Condo sales .  The Destin area condo market sector has demonstrated continued growth in number of sales since 2009.   Strong buyer demand for local condos has continued unabated.  The chart below illustrates the number of condo sales each year over the past decade.

Destin Condo Sales YTDWhat's fueling the increased number of condo sales?  The growing popularity of our coastal area  fostered by the sheer beauty of our white beaches and blue-green emerald water.  Since 2008 local tourism has nearly doubled.  Condo sales have done the same. Historically low interest rates during the past few years continue to encourage condo sales.

Condo Inventory Trend

Condo Inventory ChartCondo Inventory.  Condo inventory was at its highest point in July 2006 when condo inventory reached 5,047 units.  The record lowest number of condos for sale in recent market history was in November 2004 when condo inventory fell to 1,240 units.  As illustrated on the Condo Inventory chart to the right, the total number of condos currently for sale are near record low.

Condo Price Trend

Condo Sales Price AverageEffect of Low Inventory on the Condo Prices. Current low inventories and record high consumer demand for condos have nudged the average condo price upward over the past 5 years. 

Most local condo markets have seen condo prices rise an average of 4-5% per year.   While owners may wish for a more rapid rise in price, recent history has shown us a slow steady growth of prices in our area we are experiencing now more sustainable and healthy for real estate investment.

Condo Foreclosures

Short Sales & Foreclosed2Foreclosures no longer control the local condo market.  The number of short sales have been falling since 2010 and have diminished to a point where they have little influence on market value. While small in number, they linger within our local condo market as banks slowly release remaining backlog.

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.  Also know the rising prices of condo inventory tends to make banks and other mortgage holders less likely to sell at bargain prices.  Proceed with caution and with a clear view of the condos actual value is advised.  THey are not always priced as a bargain.

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
DESTIN
337
44
257
0
638
30A EAST
128
30
400
0
558
MIRAMAR BEACH
192
35
113
0
340
FORT WALTON BEACH
129
37
207
0
373
SANDESTIN
161
23
93
0
277
PANAMA CITY
171
8
120
0
299
PANAMA CITY BEACH
19
3
4
0
26
30A WEST
45
11
198
0
254
NAVARRE
33
6
52
0
91
NICEVILLE
14
13
144
0
171
N SANTA ROSA BEACH
0
0
168
0
168
FREEPORT
0
0
131
0
131
Total:
1,229
210
1,887
0
3,326

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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