I just updated my bi-weekly Destin price index at:
http://www.exploredestinonline.com/DestinPriceIndex
It's amazing how the market has turned around from the euphoric price increases and selling/flipping over the past few years to what we have now... a dead market. Of course, we knew it wouldn't last forever but give me a break...see below:
For instance, there are 2,364 condos for sale in Destin and S. Walton West, out of those for sale only 9 sold during the first two weeks of August! There are 1,131 homes for sale in the same area, also only 9 sold during the first two weeks of August.
BUYERS... enjoy the pick of the litter!
Please contact me if you or any of your acquaintances are are looking for an investment, relocating, or retiring to the Emerald Coast. I hope you will visit our "Emerald Coast Paradise" in the future.
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Calling all buyers...Come out come out wherever you are! I know the feeling.
Good info Art,
glad to see someone with some Destin, FL info up
I'm from Louisville, KY and Destin was a popular spot for Louisvillians!
Our condo market is not really much better here in Panama City Beach, but homes are selling. Mostly in town but its not been to bad of a year. The prices are coming down rapidly and we are seeing many people who bought during the peek are going into forclosure if they got into crazy types of financing and waited too long to refinance but there are some pretty good deals out there!
see our public website at www.gottabuypanamacity.com don't wish you had be glad you did!
Hi Art,
Yiur comment said it all. We all must change our way of doing business and be positive, things will change.
Welcome to ActiveRain, Art, from a fellow KW agent! Sounds like your market is similar to ours in Las Vegas - lots of inventory, but buyers are afraid to pull the trigger on offers.