With the 2011 summer season behind us, fall, and real estate sales, are in the air! 2011 summer sales and rentals were the best they have been in years and 2012 is poised to be even better! If there is any correlation to an increase in rental income compared to an increase in real estate sales, 2012 will be off the charts for both!!
Destin FL Real Estate 3rd quarter pending sales and solds are staggering… With pending sales being up 33.29% over 3rd quarter 2010 and sold properties up 56.63%, over the same time last year!
I continue to be asked “are we at the bottom of the Destin FL real estate market”? Unfortunately, my crystal ball is still in the shop, lol. What I can tell you is that the numbers don’t lie. There are less properties coming on the market (25% less in the 3rd qtr) and less properties expiring off the market (about 1%). You may think, “big deal” only 1% less expireds. If you look at the Destin FL Real Estate 2011 YTD numbers, there are about 2.62% less properties expiring off the market, and almost 12% less properties being listed. The reason this is a big deal is because it shows us the direction the market is going. These numbers indicate we are moving towards a more balanced market…we are getting rid of (selling) inventory. If there were more properties coming on the market and more expiring, this would tell us that properties aren’t selling! Our market statistics prove this.
Download these Destin market statistics here: Destin FL Real Estate Market Statistics
Destin FL Real Estate Charts: