Summer 2021 Real Estate Forecast for Destin, Florida

The Destin real estate market has continued strong momentum in the first quarter of 2021. With exponential growth in property values and sale prices in 2021, this trend is anticipated to continue through the summer months. The residential sales report for March 2021 revealed that sale prices for both single-family homes and condominiums in both Okaloosa and Walton Counties were higher than in 2020. While 2020 was off due to the COVID-19 shutdown, we have continued to watch the market grow month over month. With less inventory and rising demand, it is a sellers’ market. Sale prices are often at or above list price and the number of days a property is on the market continues to decline.

For investors who own property in Destin, Miramar Beach, and along Scenic Highway 30A, now is a great time to consider selling to earn a strong return on your investment. In Walton County, there are fewer new listings for condominiums and townhomes so this may be a sweet spot for those looking to sell a condominium in Miramar Beach or along Scenic Highway 30A. In Destin, there is a growing demand along with fewer listings for single-family homes so this is an opportunity for Destin homeowners who have considered selling.

Below is the residential sales report by the Emerald Coast Association of Realtors (ECAR) for March 2021 compared to March 2020.

 If you’re interested in learning more about buying or selling real estate in the Destin area, we invite you to connect with one of our experienced Destin real estate agents or call our Real Estate Sales Office at 850-837-1071. Interested in purchasing property? View recent listings online.

Not ready to buy or sell real estate in Destin? Now is a great time to start planning your next Destin vacation. We invite you to view our collection of Destin vacation rentals online or call one of our friendly, local vacation specialists at 1-800-225-7652 to help narrow your search or answer questions.

See you @ the beach!