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Destin Market Pulse

DESTIN, FL, June 27, 2006 -- The buyer's market is still raging strong in the greater Destin area. Reductions are still the norm as we reduce to find the exact price per square foot that will excite buyers and bring the offers. Let's take a look at the HOTSHEET price reductions that I have sent out to my subscribers in the last month:
Destin PRICE CHANGES (93 decreases, 6 increases) for 6/19 - 6/26
Destin PRICE CHANGES (104 decreases, 3 increases) for 6/12 - 6/18
Destin PRICE CHANGES (83 decreases, 3 increases) for 6/4 - 6/11
Destin PRICE CHANGES (77 decreases, 5 increases) for 5/31- 6/3

That totals up to 267 price reductions and 17 price increases! This includes single family homes, condos and residential lots. I'd say prices are still coming down, wouldn't you? Not only are prices dropping but sellers are finding ways to be more creative with offers of "free PT Cruiser", "first 12 months mortgage paid", "seller pays all closing costs" in lieu of a price reduction.

The bottom line? If you have had your eyes on owning a home in Destin you may never find a better time than the present. Make an offer that you are happy with, if it is rejected then move on to the next property and make another offer.

The key to finding the best deal is to be patient, carefully examine all of the available properties within your price range and then do the research. Find out the history of the listing, how many times it has reduced (if at all). Find out how much the current seller paid for the property and how long ago. Talk to the listing agent and probe for details that may tip you off to the seller's motivation. These are all things that I do for my clients. My eyes are peeled open and I get started early each morning with a cup of coffee and the HOTSHEET - both new listings and price changes. You can receive this info too, just fill out the form below and you will receive it every Monday morning with no obligations.

Kerry McNulty,
The Wired Agent

Receive a week's worth of the HOTSHEET - Destin's brand new listings and PRICE CHANGES emailed to you every Monday:
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Previous Market Pulse articles:
April 8, 2006
March 31, 2006
Feb 21, 2006
Jan 3, 2006
Oct. 10, 2005
Sept. 16, 2005


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