Are Destin Area Condos?  Yes!

For all of you out there who own a Destin Condo For Sale, a Panama City Condo For Sale or are thinking about selling your condo at the beach this fall and are curious if anything is selling I can tell you that yes both Destin and Panama City Area Condos are selling!  Here is a recap of the Destin Area and Panama City Area Condo sales for October

Destin Condo Sales

• Number of Destin Area Condos Sold:  110
• The lowest Price: $50,000
• The Highest Price: $2,150,000
• The Average Price: $314,408

As you can see there was a pretty diverse range of Destin Condos sold over the last 30 days. 

Destin Condo Foreclosures and Short Sales

Here is another interesting statistic for those of you selling or considering selling your condo at the beach:

55% of all condos sold in October were either a short sale or foreclosure.  This is down a little from the highs of 65+ but still very high which is good news but still very problematic for Destin Condo Sellers. 

Search Destin Condo Foreclosures and Short Sales

Panama City Beach Condo Sales

• Number of Destin Area Condos Sold in October:  54
• The lowest Price: $70,000
• The Highest Price: $665,000
• The Average Price: $216,462

As you can see there was a pretty diverse range of Panama City Beach Condos sold over the last 30 days. 

Panama City Condo Foreclosures and Short Sales

Here is another interesting statistic for those of you selling or considering selling your condo at the beach:

37% of all condos sold in October were either a short sale or foreclosure.  This is down a little from the highs of 60+ but still very high which is good news but still very problematic for Panama City Condo Sellers. 

Search Panama City Condo Foreclosures and Short Sales

Thinking of Selling Your Destin Condo?  How About Your Panama City Condo?

I know that it’s a tough market for sellers right now and I certainly would not advise you sell unless you had to or if you could use your money better somewhere else.  If you are curious about the value of your property simply call or text me at 850-217-7618 – or send an email to JohnMoran@AtTheBeachTeam.com  and I will be happy to do an analysis on where the value is for your property right now and what it will take to get it sold quickly for the best price possible.  Then if it makes sense to sell we can move forward or if it makes more sense to wait we will simply monitor the market until the time is right.   

We Want To Be Your Local Real Estate Resource

My team and I sell more condos here at the beach than almost anyone and we would be happy to help you sell your Destin or Panama City Condo when the time is right.  In the mean time we want to be your real estate resource at the beach so if there is anything we can do for you just call or text me at 850-217-7618 – or send an email to JohnMoran@AtTheBeachTeam.com and we will be happy to assist in any way we can.