Real estate sales on the Emerald Coast of Florida have decreased since the COVID-19 crisis began.
Looking at the entire region, including Navarre, Fort Walton Beach, Destin, Santa Rosa Beach, Miramar Beach, Freeport, Niceville, Point Washington and DeFuniak Springs, pending sales of real estate have decreased from 790 units to 446 total units from the first two weeks of March 2020 to the first two weeks of April 2020. That’s a drop of 43% in the number of houses, condos, town homes and lots going under contract.
Individual Pending Sales by area from the period of March 1 – March 15 as compared to the period between April 1 – April 15 were as follows:
Destin Pending Sales dropped from 51 to 22 ( -56%).
Niceville Pending Sales dropped from 57 to 38 ( – 33%).
Fort Walton Beach Pending Sales dropped from 123 to 82 ( – 33%).
Miramar Beach Pending Sales dropped from 67 to 25 (- 62%).
Santa Rosa Beach, North of Hwy 98, Pending Sales dropped from 37 to 19 (- 48%).
Crestview Pending Sales dropped from 120 to 75 (- 37%).
30-A South Walton, South of Hwy 98 Pending Sales dropped from 102 to 34 (- 66%).
Decidedly, the Coronavirus economic effect has had an impact on Emerald Coast real estate.
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.
This site, Wendy Rulnick or Rulnick Realty, Inc. is not providing legal or tax advice. The information provided is for educational and informational purposes only. It is recommended that sellers considering a short sale should consult an independent legal and tax advisor for more information.
Statistics source is Emerald Coast Association of Realtors.