Navigating Challenges & Seizing Opportunities
The Destin, Florida real estate market in 2023 was marked by a unique blend of challenges and opportunities. The real estate industry saw remarkable shifts, redefining how properties were bought, sold, and perceived. In this year-in-review, we’ll explore the highs and lows by reviewing real estate transactions from the year 2023. In addition, we’ve included year-end figures, categorized by area provided by the Emerald Coast Association of Realtors.
Challenges Faced in 2023:
New Home Sales
Published on Monday, January 15, 2024
The allure of owning luxury real estate along Florida’s coveted Scenic Highway 30A extends far beyond the mere acquisition of a home and value of the investment. It embodies a lifestyle of refined elegance, impeccable craftsmanship, and breathtaking surroundings.
This year alone has resulted in the sale of some truly magnificent 30A properties in beach towns of Walton County, including Seaside, Santa Rosa Beach, Seagrove Beach, Alys Beach, Rosemary Beach & Inlet Beach. These remarkable properties are truly inspiring and define luxury
Published on Tuesday, August 1, 2023
The Destin Real Estate Market has stabilized this summer and we’re experiencing a return to more traditional market conditions for buyers and sellers. Looking back at the past two years, we can confidently say that the Emerald Coast experienced a real estate feeding-frenzy. In 2021 and 2022, we saw a surge in real estate activity in Northwest Florida. The demand for properties, both residential and commercial, reached unprecedented levels. Multiple offers, bidding wars, and soaring prices became the norm. It was a time when sellers had
Published on Friday, July 14, 2023
The real estate forecast for the Destin area remains positive for residents and investors. The Newman-Dailey Real Estate Team is collectively optimistic that the market has stabilized regarding property pricing and interest rates. While inventory is still low, the number of listings on the market month over month is increasing as compared to 2022 (3,504 vs. 1,782 active listings). Another indicator of our changing market is the increase in the average days on the market (DOM), which is also been rising for listings along 30A and in the Destin...
Published on Monday, February 20, 2023