2024 Real Estate Market Recap

As we begin 2025, we now have the opportunity to reflect on the final numbers of 2024. From Sandestin Golf and Beach Resort and Miramar Beach to Destin and 30A, each area has demonstrated its unique dynamics, offering valuable insights for buyers, sellers, and investors alike.

Sandestin Golf and Beach Resort

Sandestin continues to be a coveted destination for those seeking a blend of luxury and lifestyle.

• Detached Single-Family Homes:
  
  
  • Sold: 114
    
    
  • Median Sales Price: $1,114,500
    
    
  • Average Days on Market: 91
    
    
• Condominiums:
  
  
  • Sold: 154
    
    
  • Median Sales Price: $565,410
    
    
  • Average Days on Market: 113

Despite slightly longer days on market for condos, Sandestin remains a strong contender for buyers looking to invest in resort-style living.

Miramar Beach

Miramar Beach has shown resilience, particularly in the condominium sector, where properties moved quickly.

• Detached Single-Family Homes:
  
  
  • Sold: 116
    
    
  • Median Sales Price: $1,130,000
    
    
  • Average Days on Market: 101
    
    
• Condominiums:
  
  
  • Sold: 196
    
    
  • Median Sales Price: $615,000
    
    
  • Average Days on Market: 85

The robust demand for condominiums reflects the area’s appeal to vacationers and second-home buyers.

Destin

Destin continues to be a hub for coastal living, with strong sales figures across the board.

• Detached Single-Family Homes:
  
  
  • Sold: 278
    
    
  • Median Sales Price: $813,000
    
    
  • Average Days on Market: 83
    
    
• Condominiums:
  
  
  • Sold: 337
    
    
  • Median Sales Price: $595,000
    
    
  • Average Days on Market: 102

The median price point and shorter market times for single-family homes highlight Destin’s broad appeal to families and investors alike.

30A

Known for its upscale offerings, 30A continues to set itself apart as a premier market.

• Detached Single-Family Homes:
  
  
  • Sold: 853
    
    
  • Median Sales Price: $1,630,000
    
    
  • Average Days on Market: 98
    
    
• Condominiums:
  
  
  • Sold: 220
    
    
  • Median Sales Price: $1,012,500
    
    
  • Average Days on Market: 92

The 30A market’s significant median sales prices reflect its exclusive reputation, attracting buyers looking for high-end properties.

Trends to Watch in 2025

As we move forward into the new year, several factors are poised to influence the real estate landscape:

1. Interest Rates: Continued monitoring of mortgage rates will be key, as they remain a driving force behind buyer activity.
   
   
2. Inventory Levels: Low inventory could maintain upward pressure on prices, particularly in high-demand areas like 30A and Miramar Beach.
   
   
3. Vacation Rentals: The short-term rental market will likely continue to impact the condominium sector, especially in resort-style locations.
   
   
4. Lifestyle Preferences: The ongoing demand for coastal living and luxury amenities will likely sustain interest in Sandestin and 30A properties.

The 2024 market has proven the enduring allure of our beautiful Gulf Coast. Whether you’re considering buying, selling, or investing in the 2025 season, now is the time to align your goals with the market’s opportunities. Our team is dedicated to providing unparalleled guidance to help you navigate the dynamic real estate landscape.

Let’s make 2025 a year of growth and success. Contact us today to start planning your next real estate move!