August real estate numbers have been released by Metro Market Trends and show that the number of single family homes and condominiums sold in the three local counties (Okaloosa, Walton and Santa Rosa) have increased over the last year.
The Emerald Coast area does not always follow the countrywide trends that find their way on national television. Every week we receive calls from potential buyers in other parts of the county that think that our real estate market is stagnant. But just the opposite is true of our market which is very healthy (as evidenced in the graph below). That does not mean that market prices are in any way comparable to the height of the market which means that many of the sales are short sales and foreclosures.
Click graph to view full size
What this does mean is that prices have reached a point where buyers see the value and know they are getting a quality property in a resort area for a value price. Inventories are decreasing as sales surpass the new properties coming available for sale. It is a great time to purchase now for all buyers looking for a good deal!
Tags: Destin real estate news, Fort Walton Beach properties, Miramar Beach real estate