Actually there’s nothing really crazy or spooky about it. It’s Halloween. Just trying to post an attention grabber title so folks will read my blog.

Four sectors: Condos, Det. Single unit, vacant land, water front. This blog is about what’s happening in the detached single unit sector in Sandestin.

Notice supply and demand are in balance. 7.44 months inventory suggests that.

Notice values are increasing. By example, both the median and average sale prices have increased YOY YTD. The median is more credible at 4.6%. The average suggest a 16% increase which is unsustainable.
Notice the price per sq. ft. (psf) has increased from $206 psf to $225 psf.

Notice the volume and number of transactions YOY YTD. Wow.

Notice the average days on market is 144. This means your property, when listed accurately and marketed by a professional like Mims, should sell in less than 5 months.

Notice the SLP ratio. Means your property will likely sell for about 7% less than list price.

Sandestin real estate is solid. But it comprises numerous districts and sub-markets. For a custom report, please contact Mims.

BBQ: “Buy on the fringe and wait. Buy land near a growing city! Buy real estate when other people want to sell. Hold what you buy!”
-John Jacob Astor

BLT: Crazy by Patsy Cline