Emerald Coast Real Estate Forecast Strong for 2016

As we begin a New Year, many investors are looking at trends and predictions for the coming year. The team at Newman-Dailey Resort Properties is doing the same and we’re feeling optimistic. In 2015, real estate sales along the Emerald Coast increased 16.1% over 2014.  Our Destin real estate sales team sold more homes as well as Destin condos than the previous year and all indications are showing that these trends are likely to continue.

According to a recent article from FloridaRealtors.org, buyers and sellers have no reason to worry when it comes to the housing market in 2016.  There has been a steady rate of job growth in the United States, and there is now more aid for first-time homebuyers. With mortgage rates expected to stay low, this is good news for sellers. In addition, lenders now have stricter standards in place for mortgages, which presents less risk for a mortgage bubble.  

In other good news, reports from our local ECAR association show that the average cumulative days on market for a listing has decreased from 150 days in December 2014 to 140 days in December 2015.  Local activity is showing that there is a 16.5% increase in pending listings from 2015 to 2014. These numbers show that the real estate sales in Destin, South Walton and along 30A is showing no signs of slowing down.

Newman-Dailey Resort Properties has been serving the area for more than 30 years, and consistently ranks among the top 10% of real estate agencies.  If you’ve been considering buying or selling property in Destin or South Walton, we invite you to view Destin condos and homes for sale online, including condos at Meditteranea and condos and cottages at Hidden Dunes Beach & Tennis Resort, or call us at 850-837-1071 to be connected with one of our experienced real estate sales agents.

See you @ the beach!

Published by Tracy Louthain
Monday, January 18, 2016