August 2009 Market Report - Destin and South Walton
While August wasn’t as active with successful closings as the previous two months for condos and detached single family properties, there has been a great deal of activity with showings and contracts negotiated this past month. September is shaping up to be one of the best real estate months this year! For Destin and South Walton, there are 574 properties that are either contingent or pending for Detached Single Family, Attached Single Family, and Condos. As far as residential lots, there are currently 73 properties that are either contingent or pending. The closing dates range from September to January 2010.
For September 2009, there are 262 detached single family, attached single family, or condo properties with contracts scheduled to close this month. Residential lots also have a fair amount of contracts pending or contingent with expected closing dates for September – 31 lots!
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Destin / South Walton County 2009 |
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Detached Single Family Residences |
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Area |
Number of Sales |
Total Sales Volume |
Average Sales |
Median Sales |
|
January |
46 |
$ 19,958,115 |
$ 433,872 |
$ 315,650 |
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February |
62 |
$ 27,609,077 |
$ 445,307 |
$ 292,500 |
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March |
75 |
$ 34,289,775 |
$ 457,197 |
$ 301,000 |
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April |
100 |
$ 51,281,475 |
$ 512,814 |
$ 378,500 |
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May |
85 |
$ 47,857,420 |
$ 563,028 |
$ 367,700 |
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June |
109 |
$ 55,126,600 |
$ 505,748 |
$ 355,000 |
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July |
72 |
$ 19,958,115 |
$ 458,371 |
$ 355,000 |
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August |
56 |
$ 35,454,300 |
$ 633,112 |
$ 425,000 |
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Destin / South Walton County 2009 |
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Condos |
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Month |
Number of Sales |
Total Sales Volume |
Average Sales |
Median Sales |
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January |
26 |
$ 8,487,000 |
$ 326,423 |
$ 272,500 |
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February |
36 |
$ 13,677,000 |
$ 379,916 |
$ 253,500 |
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March |
65 |
$ 25,857,463 |
$ 397,807 |
$ 300,000 |
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April |
47 |
$ 19,225,151 |
$ 409,045 |
$ 300,000 |
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May |
65 |
$ 29,865,600 |
$ 459,470 |
$ 250,000 |
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June |
72 |
$ 26,960,850 |
$ 374,456 |
$ 297,500 |
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July |
75 |
$ 26,812,253 |
$ 357,496 |
$ 290,000 |
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August |
55 |
$ 20,897,081 |
$ 379,946 |
$ 308,000 |
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Destin / South Walton County 2009 |
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Attached Single Family |
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|
Month |
Number of Sales |
Total Sales Volume |
Average Sales |
Median Sales |
|
January |
5 |
$ 1,296,000 |
$ 259,200 |
$ 137,000 |
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February |
11 |
$ 1,967,000 |
$ 178,818 |
$ 175,000 |
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March |
7 |
$ 1,594,900 |
$ 227,842 |
$ 187,000 |
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April |
14 |
$ 2,686,400 |
$ 191,885 |
$ 161,000 |
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May |
7 |
$ 1,059,460 |
$ 151,351 |
$ 128,100 |
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June |
12 |
$ 2,705,950 |
$ 225,495 |
$ 193,250 |
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July |
13 |
$ 3,715,800 |
$ 285,830 |
$ 147,900 |
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August |
11 |
$ 3,045,250 |
$ 276,840 |
$ 175,000 |
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Destin / South Walton County 2009 |
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Residential Land |
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|
Month |
Number of Sales |
Total Sales Volume |
Average Sales |
Median Sales |
|
January |
9 |
$ 2,068,900 |
$ 229,877 |
$ 100,000 |
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February |
17 |
$ 4,209,400 |
$ 247,611 |
$ 150,000 |
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March |
18 |
$ 5,239,250 |
$ 291,069 |
$ 78,250 |
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April |
32 |
$ 6,498,529 |
$ 203,079 |
$ 112,500 |
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May |
35 |
$ 7,515,552 |
$ 214,730 |
$ 145,000 |
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June |
38 |
$ 7,632,500 |
$ 200,855 |
$ 114,000 |
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July |
22 |
$ 12,411,404 |
$ 564,154 |
$ 250,000 |
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August |
24 |
$ 8,350,500 |
$ 347,937 |
$ 162,500 |
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