Real estate pending sales on the Emerald Coast of Florida in May are returning to the start of March levels, after an early April plummet. Looking at the entire region, including Navarre, Fort Walton Beach, Destin, Santa Rosa Beach, 30-A, Miramar Beach, Freeport, Crestview, Niceville, Freeport and DeFuniak Springs, pending sales of real estate were almost 96% of the earlier March count. Pending sales are a good indicator of the current pulse of the market, compared to closed sales (solds), which show the result of activities a month or more old. Pending sales track where the market is going.
Here is a recap of the Emerald Coast pending real estate market statistics for May 1- May 15, 2020, as compared to March 1 – March 15:
Properties going under contract decreased from 790 units to 755 total units.
That’s 96% of of the previous number of houses, condos, town homes, lots and commercial properties going under contract. It’s a great sign of buyer interest.
Destin Pending Sales increased from 51 to 64 ( +25%).
Miramar Beach Pending Sales dropped from 67 to 45 (- 33%).
Niceville Pending Sales increased from 57 to 61 ( + 1%).
Fort Walton Beach Pending Sales dropped from 123 to 108 ( – 12%).
Santa Rosa Beach, North of Hwy 98, Pending Sales dropped from 37 to 26 (- 30%).
30-A Santa Rosa Beach, South of Hwy 98 Pending Sales increased from 102 to 107 (+5%).
Crestview Pending Sales increased from 120 to 128 (+7%).
Navarre Florida Pending Sales dropped from 131 to 115 (- 12%).
The Coronavirus economic effect has impacted local real estate sales, but since the Florida re-opening began on May 4, the number of sales have continued to grow. Check back here for future analyses of the Emerald Coast of Florida real estate market.
If you find that during or after the COVID-19 crisis, you must sell your Emerald Coast real estate, consider your options. Let me know if you have any questions about real estate, whether traditional or short sale.
It’s Wendy… It’s Sold!
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Email Wendy: [email protected]
Wendy Rulnick, Broker, sells short sale, pre-foreclosure, REO and traditional real estate in Destin, Santa Rosa Beach, 30A, Miramar Beach, Crestview, Sandestin, Seaside, Rosemary Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Florida.