ECAR sizes up February real estate market
March 28, 2008 - 4:02PM
The local real estate market continues to warm up along with the weather, according to statistics recently released by the Emerald Coast Association of Realtors (ECAR).
Total sales of single-family and attached dwellings in the local area were up by 26 percent, rising from 175 units sold in January to 221 in February, according to ECAR’s latest figures.
Sales of existing single-family homes were up by more than 12 percent and sales of existing condo units along the Emerald Coast soared by nearly 71 percent in February, as compared to January.
Pending sales along the Emerald Coast rose in February as well, up from 327 in January to 417.
Although residential sales were down in Destin, it wasn’t by much. The 8 percent decline is largely attributed to sales of single-family homes easing by almost 19 percent.
However, sales of existing condo units in the Destin area increased by nearly 33 percent in February as compared to January. This article was contributed to The Log by Emerald Coast Real Association of Realtors.
March 28, 2008 - 4:02PM
The local real estate market continues to warm up along with the weather, according to statistics recently released by the Emerald Coast Association of Realtors (ECAR).
Total sales of single-family and attached dwellings in the local area were up by 26 percent, rising from 175 units sold in January to 221 in February, according to ECAR’s latest figures.
Sales of existing single-family homes were up by more than 12 percent and sales of existing condo units along the Emerald Coast soared by nearly 71 percent in February, as compared to January.
Pending sales along the Emerald Coast rose in February as well, up from 327 in January to 417.
Although residential sales were down in Destin, it wasn’t by much. The 8 percent decline is largely attributed to sales of single-family homes easing by almost 19 percent.
However, sales of existing condo units in the Destin area increased by nearly 33 percent in February as compared to January. This article was contributed to The Log by Emerald Coast Real Association of Realtors.
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