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MLS Search | The Wired Buyer | The Wired Seller | About Destin | Local Market Pulse | Destin Links DESTIN, FL. January 16, 2007 -- I am busy! I've been working with buyers every day this month. Yes, I've even been skipping the golf course and amazingly missed the NFL playoffs! This is a good thing as it indicates to me that the market correction is either over or we are very close to bottom. The Destin Seller's Sentiment still shows red with reductions outnumbering increases as there are still inflated/overpriced properties in this market- reductions are inevitable as sellers must reduce to attract the many buyers in the area. Properly priced properties are going under contract as savvy buyers are taking advantage of a fantastic buying opportunity to purchase in paradise. Looking at some numbers tells me that the above $1M market is picking up. Today (1/16/07) there are currently 8 Destin single family homes under contract with half of them priced over $1M, and 17 closings since 12/1/06 with 3 of those properties priced over $1M - that is 7 $1M+ properties that will sell early this year! That is a dramatic increase over last year where we only saw 1 closing over $1M in the same time period. The condo market is also picking up with 14 sales and 46 pending compared to only 3 sales last year (I did not count the Indian Lakes apartment complex conversion to condos in my calculations). With only 5% of listed condos selling last year this is also very encouraging for the condo market. Call me today and we'll find the Destin property that is perfect for you- and priced right! Kerry McNulty, The Wired Agent 850.642.1081 Receive a week's worth of the HOTSHEET - Destin's brand new listings and PRICE CHANGES emailed to you every Monday: Previous Market Pulse articles: November 1, 2006 October 12, 2006 August 16, 2006 June 27, 2006 April 8, 2006 March 31, 2006 Feb 21, 2006 Jan 3, 2006 Oct. 10, 2005 Sept. 16, 2005 Copyright © 2006 TheWiredAgent.com -- ALL RIGHTS RESERVED. |