Today’s market conditions – low prices, low interest rates, high inventory and motivated sellers – are all in favor of buyers.
Miramar Beach, FL (PRWEB) July 19, 2010
Buyers thinking of investing in Destin homes will find many exceptional deals in the region’s real estate market today. Home prices in Destin and Northwest Florida, as a whole, are currently at the lowest that they have been since the market peaked in 2005 and 2006, reports the leading local brokerage firm Compass Real Estate of Destin.
“Now is the time to invest in Destin, Florida beach homes,” says Brent Winjum, the Broker of Compass Real Estate of Destin. “Today’s market conditions – low prices, low interest rates, high inventory and motivated sellers – are all in favor of buyers. Whether you’re looking for a second home, an investment property, or a primary home, you’ll find the market saturated with affordable options, including many in luxury Destin condos and homes.”
Some of today’s best deals are in condominiums, in fact. In the Emerald Coast as a whole, an area which includes Destin and Fort Walton Beach, the median sales price for condos is at an all-time low. “In 2005, it was $471,500,” says Winjum. “In 2009, it was $254,700. That’s a significant drop which translates to significant savings for buyers.”
Florida’s Emerald Coast, so-called for its clear blue-green waters and ultra-fine sugar-white beaches, has long been a popular, family-friendly vacation destination. While the real estate market here has been showing the effects of the recent economic downturn, the local real estate experts at Compass Real Estate of Destin are confident that the market can successfully weather whatever fluctuations will come its way.
“The Emerald Coast is nothing short of spectacular,” says Winjum. “The beaches and the climate are superb and the lifestyle is unbeatable. In the long run, these are factors that will outweigh all other considerations.”
For more information on Destin, Florida beach homes, the community itself, and Compass Real Estate of Destin’s wide range of services, visit their site, http://www.CompassRealEstateOfDestin.com.
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