Destin Condo Market is Hot !

Number of Condos in the Market in Destin and Santa Rosa Beach having at least one bedroom , one bathroom and less than $75,000 in price = 140 total

 Number of Condos in the Market in Destin and Santa Rosa Beach having at least one bedroom , one bathroom and less than $75,000 in price and with a Gulf View = 36 total

 Number of Condos in the Market in Destin and Santa Rosa Beach having at least one bedroom , one bathroom and less than $75,000 in price and Sold in the last six months = 180 total sold

 Number of Condos in the Market in Destin and Santa Rosa Beach having at least one bedroom , one bathroom and less than $75,000 in price and with a Gulf View = 57 total sold

 Number Sold = 180 x 12 months = 2,160.  Next take 2,160 divided by 52 weeks = 41.5 units per week of all units.

 Number  Sold with Gulf Views = 57 x 12 months = 684.  Next take 684 divided by 52 weeks = 13.1 units per week of all Gulf View Units.

 So, in the total category there are 140 total condos for sale right now and if they sell at 41.5 per week we only have a 3.37 weeks of supply left.

 Of the Gulf View Condo Category there are 36 total Gulf View condos for sale right now and if they sell at 13.1 units per week we are left with a 2.74 week supply right now.

 BOTTOM LINE, INVENTORY IS DWINDLING AND PRICES WILL SURELY BEGIN TO GO UP.

About Kelly Klein

Buyers and Listing specialist. Whether it is a condo, a home, a townhome, a duplex, or a lot, I am here to help. You can find me at http://www.KellyKleinSoldMine.com Broker Associate / Sales Professional Berkshire Hathaway Home Services | Pen Fed Realty
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