Wednesday, March 17, 2010

What Is Happening with Destin Florida Real Estate?

Destin Florida Real Estate Market Report
February 2010

There were 45 sales of homes and condos in Destin Florida for February 2010, 10 were short sales and 10 were foreclosures.
The average sales price for Destin real estate was $291,000.
The average list price for Destin homes and condos was $386,000, compared to $442,000 one year ago.
There are 1375 Destin homes and condos for sale, compared to 1660 one year ago.
There is a 30 month inventory of Destin homes and condos for sale, with the average months inventory being 28 for the past year. A normal market is 6-7 months.
There are 199 Destin Florida short sales on the market.
There are 18 Destin foreclosures for sale.
Analysis: There is still downward pressure on Destin real estate prices due to excessive inventory and other factors, such as difficulty obtaining condo financing.


It's Wendy!
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204
Email Wendy: itswendy@rulnickrealty.com

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