The second quarter of 2024 has been eventful for real estate in Sandestin and Miramar Beach. Let’s dive into the details of what happened in April, May, and June.
April
April saw 66 new listings and 41 properties sold. Homes had a higher average price per square foot compared to townhomes, but took longer to sell.
- Homes: 18 sold, averaging $544/sq ft, with a market time of 109 days.
- Townhomes: Only 1 sold, at $438/sq ft, and spent 269 days on the market.
- Condos: 17 sold, averaging $572/sq ft, with properties moving in 84 days.
May
In May, there were 55 new listings and 29 properties sold. Homes and condos showed resilience with strong price per square foot and quicker sales.
- Homes: 11 sold, at $512/sq ft, averaging 73 days on the market.
- Townhomes: 6 sold, at $483/sq ft, and a shorter market time of 57 days.
- Condos: 11 sold, with the highest average of $591/sq ft and 109 days on market.
June
June continued the trend with 54 new listings and 29 properties sold. Homes reached the highest average price per square foot this quarter.
- Homes: 9 sold, at $626/sq ft, moving quickly in 59 days.
- Townhomes: 1 sold, at $455/sq ft, in 64 days.
- Condos: 17 sold, averaging $552/sq ft, with 94 days on the market.
Key Trends
- Condos have been consistently strong, with high sales and price per square foot.
- Home prices are increasing, with a noticeable rise in value.
- Sales speed has improved, with properties selling faster each month.
This quarter’s activity highlights a still dynamic market, with positive factors for both buyers and sellers. Contact us to explore opportunities tailored to your needs!
