Niceville Real Estate Update

Dated: 06/12/2015

Views: 167

Niceville Real Estate Update

As you may have noticed, prices of real estate along the Emerald Coast have been slowlyincreasing over the last 12 months.

The real estate outlook is very promising with appreciation expected to continue for some time. There are a lot of great things happening in our area and they are contributing to the growth and popularity which makes this area a great place to invest in or relocate to.

May was a great month for real estate in general, here is a breakdown of sales by area:


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Property Type/Area Units Volume Average
Sale Price
Median
Sale Price
Avg. Diff.
SP to LP
Avg.
DOM
Avg.
CDOM
Residential 972 $364,102,148 $374,591 $225,000 - $17,288 128 155
18 - 30A East 85 $90,251,033 $1,061,777 $675,000 - $50,840 131 164
17 - 30A West 43 $41,370,218 $962,098 $480,000 - $57,472 197 221
27 - Bay County 39 $11,237,425 $288,139 $242,000 - $8,883 112 112
25 - Crestview Area 110 $18,663,450 $169,668 $169,450 - $5,780 97 117
14 - Destin 94 $43,674,965 $464,627 $287,750 - $32,602 166 215
12 - Fort Walton Beach 150 $26,113,312 $174,089 $150,000 - $5,419 80 97
20 - Freeport 21 $4,147,076 $197,480 $215,001 - $6,423 228 257
15 - Miramar/Sandestin Resort 107 $50,229,580 $469,435 $377,000 - $27,149 201 258
10 - North Santa Rosa County 16 $2,845,510 $177,844 $189,386 - $7,364 68 68
11 - Navarre/Gulf Breeze 132 $29,637,047 $224,523 $207,500 - $4,283 144 147
13 - Niceville 89 $25,140,652 $282,479 $234,900 - $5,181 67 87
16 - North Santa Rosa Beach 29 $7,436,670 $256,437 $225,000 - $8,599 126 142
23 - North Walton County 30 $6,795,575 $226,519 $125,000 - $11,566 136 249
30 - Other Counties 3 $519,500 $173,167 $99,500 - $16,167 89 89
08 - Pensacola 13 $1,769,665 $136,128 $120,000 - $7,942 70 70
19 - Point Washington 11 $4,270,470 $388,225 $360,000 - $19,935 85 85

If you or someone you know is looking to buy or sell a home in the next few months please let us know. We have the knowledge and experience to make your next real estate transaction a successful one!

The Griffin Group has been serving the area for over 12 years. Call 850-685-8595 to see how they can help you.

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