Destin and Sandestin Vacation HomesApril 12, 2012
Why buy a Destin or Sandestin Vacation or Investment home now? Vacation Home sales for 2011 accounted for 11% of all transactions which was up from 2010 and investment sales jumped to 27% in 2011. The Destin and Sandestin real estate market has been able to absorb the foreclosures that have been in the market which has kept the real estate market healthy. The bank owned inventory does not linger for an extended time in this area, buyers are buying in Destin and Sandestin! Cash purchases are common in the investment and vacation home market but financing is also available. The typical vacation-home buyer was 50 years old and purchased a property that was a median distance of 305 miles from the primary residence. That is what makes Destin and Sandestin Florida so special â we have the most beautiful beaches within a dayâs drive for so many people! Since the number of people that are in their 40âs is larger than the 50 somethings, the long term demand for purchasing vacation homes is favorable because these younger households are likely to enter the market as their desire for these kinds of properties grow.
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