Destin and South Walton Market Report - September 2009
September was a much stronger month than August with condo closings having the best month all year – in both number of condos sold and the monthly sales volume! Surprisingly, residential land has also seen a good amount of activity in September as well! Detached single family homes continue to show strength in closings. There continues to be a great deal of activity with showings and contracts negotiated. September did end up being one of the best real estate months this year! For Destin and South Walton, there are 602 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 October 2009, there are currently 173 detached single family, 26 attached single family, and 123 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 October – 44 lots! (As of October 02, 2009).
| Destin / South Walton County 2009 | ||||
| Detached Single Family Residences | ||||
| Area | Number of Sales | Total Sales Volume | Average Sales | Median Sales |
| January | 46 | $ 19,958,115 | $ 433,872 | $ 315,650 |
| February | 62 | $ 27,609,077 | $ 445,307 | $ 292,500 |
| March | 75 | $ 34,289,775 | $ 457,197 | $ 301,000 |
| April | 100 | $ 51,281,475 | $ 512,814 | $ 378,500 |
| May | 85 | $ 47,857,420 | $ 563,028 | $ 367,700 |
| June | 109 | $ 55,126,600 | $ 505,748 | $ 355,000 |
| July | 72 | $ 19,958,115 | $ 458,371 | $ 355,000 |
| August | 56 | $ 35,454,300 | $ 633,112 | $ 425,000 |
| September | 96 | $ 48,646,738 | $ 506,736 | $ 307,500 |
| Destin / South Walton County 2009 | ||||
| Condos | ||||
| Month | Number of Sales | Total Sales Volume | Average Sales | Median Sales |
| January | 26 | $ 8,487,000 | $ 326,423 | $ 272,500 |
| February | 36 | $ 13,677,000 | $ 379,916 | $ 253,500 |
| March | 65 | $ 25,857,463 | $ 397,807 | $ 300,000 |
| April | 47 | $ 19,225,151 | $ 409,045 | $ 300,000 |
| May | 65 | $ 29,865,600 | $ 459,470 | $ 250,000 |
| June | 72 | $ 26,960,850 | $ 374,456 | $ 297,500 |
| July | 75 | $ 26,812,253 | $ 357,496 | $ 290,000 |
| August | 55 | $ 20,897,081 | $ 379,946 | $ 308,000 |
| September | 78 | $ 35,366,400 | $ 453,415 | $ 380,000 |
| Destin / South Walton County 2009 | ||||
| Attached Single Family | ||||
| Month | Number of Sales | Total Sales Volume | Average Sales | Median Sales |
| January | 5 | $ 1,296,000 | $ 259,200 | $ 137,000 |
| February | 11 | $ 1,967,000 | $ 178,818 | $ 175,000 |
| March | 7 | $ 1,594,900 | $ 227,842 | $ 187,000 |
| April | 14 | $ 2,686,400 | $ 191,885 | $ 161,000 |
| May | 7 | $ 1,059,460 | $ 151,351 | $ 128,100 |
| June | 12 | $ 2,705,950 | $ 225,495 | $ 193,250 |
| July | 13 | $ 3,715,800 | $ 285,830 | $ 147,900 |
| August | 11 | $ 3,045,250 | $ 276,840 | $ 175,000 |
| September | 10 | $ 1,278,900 | $ 127,890 | $ 121,450 |
| Destin / South Walton County 2009 | ||||
| Residential Land | ||||
| Month | Number of Sales | Total Sales Volume | Average Sales | Median Sales |
| January | 9 | $ 2,068,900 | $ 229,877 | $ 100,000 |
| February | 17 | $ 4,209,400 | $ 247,611 | $ 150,000 |
| March | 18 | $ 5,239,250 | $ 291,069 | $ 78,250 |
| April | 32 | $ 6,498,529 | $ 203,079 | $ 112,500 |
| May | 35 | $ 7,515,552 | $ 214,730 | $ 145,000 |
| June | 38 | $ 7,632,500 | $ 200,855 | $ 114,000 |
| July | 22 | $ 12,411,404 | $ 564,154 | $ 250,000 |
| August | 24 | $ 8,350,500 | $ 347,937 | $ 162,500 |
| September | 39 | $ 9,635,500 | $ 247,064 | $ 165,000 |
Information as of October 02, 2009 from Emerald Coast Association of Realtors Multiple Listing Service.
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