Featured
Condos For Sale
Condo For Sale
MARAVILLA III
Unit # 1102
Beds:
3
Baths:
2
Sq Ft:
1,040
Year:
1997
$359,000
Condo For Sale
STONEGATE VILLAS
Unit # 4
Beds:
3
Baths:
2
Sq Ft:
1,527
Year:
2005
$177,900
Condo For Sale
HARBOR LANDING PH II
Unit # 604B
Beds:
2
Baths:
2
Sq Ft:
1,531
Year:
2005
$419,000
Condo For Sale
MARAVILLA III
Unit # 1102
Beds:
3
Baths:
2
Sq Ft:
1,040
Year:
1997
$359,000
Destin Florida & Vicinity
Condos For Sale
Listings for all condos for sale updated daily!

Destin FL & Vicinity Condo Market Update

Southern half of Santa Rosa, Okaloosa, and Walton Counties

June 2016 -- Condo sales are at 10 year high.  The number of condo sales this year has exceeded nine previous years.  Progressive growth since 2009 demonstrates a continued strong buyer demand for local condos within our Destin & vicinity market.  The chart below illustrates the number of condo sales for each year of the past decade as measured year-to-date for each year.

Condo Sales YTDWhat's fueling the increased number of condo sales?  The significant upswing in the number of condo sales is being driven by three primary factors: 1) condo prices remain affordable; 2) historically low interest rates are available; and 3) local area condos are experiencing increases in overall gross rental revenue as evidenced by the uptick in Okaloosa and Walton county bed tax collections which is a percentage of total rentals along our beaches.

Condo Inventory Trend

Condo Inventory ChartCondo Inventory.  Condo inventory was at its highest point in July 2006 when condo inventory reached its high of 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 its record low.

Condo Price Trend

Condo Sales Price Average Effect of Low Inventory on the Condo Prices.  Current low inventories and record high consumer demand for condos have nudged prices upward of the past 2 1/2 years.  Sales prices indicate most local condo markets have seen median condo prices rise 4% per year.  This rate of price increase is close to the 20 year median for our local area showing a normalized rate of growth.  While owners may wish for a more rapid rise in price, history has shown us a slow steady growth of prices in our area more sustainable and healthy for local real estate investors and the industry as a whole.

Condo Foreclosures and Short Sales

Short Sales & ForeclosuresDistressed sales 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, the rising prices of condo inventory make banks and other mortgage holders less likely to sell at bargain prices.

Currently, most foreclosed sales are garnishing market value and even above market value as as many buyers automatically assume 'foreclosure' means bargain.  It doesn't anymore. 

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 hassle and risk prevalent in purchasing most local foreclosures.

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.

condo Map
Area
Condos
Town Homes
Homes
Lots / Land
Total
DESTIN
448
48
288
0
784
SANDESTIN
190
27
110
0
327
MIRAMAR BEACH
243
43
107
0
393
30A EAST
136
23
430
0
589
NAVARRE
37
7
71
0
115
30A WEST
56
13
181
0
250
FORT WALTON BEACH
183
33
267
0
483
N SANTA ROSA BEACH
3
6
167
0
176
NICEVILLE
18
13
207
0
238
FREEPORT
0
4
141
0
145
Total:
1,314
217
1,969
0
3,500

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.

Condos
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