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Appraisals
Destin Florida Median Home Price Stats - updated 07/05/09
Average Listing Price
$729,579 - Up $1,657 - / +0.2% w-o-w
Week ending June 24

Median Sale Price
$227,500 - Down $72,500 - / -24.2% y-o-y

The median sales price for homes in Destin FL was $227,500 down $72,500 or 24.2%.  There are 374
Pre-Foreclosures and 61 Bank Owned Properties in the Destin market place as per RealtyTrac.com.

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Destin Florida Market History
Destin is a city located on the Emerald Coast of Florida, in Okaloosa County. The city styles itself "The World's
Luckiest Fishing Village", and claims to have the largest fishing vessel fleet in the state of Florida. Destin is known for
its white beaches and emerald-colored waters. Originating as a small fishing village, it is now a popular tourist
destination – according to the Florida Department of Environmental Protection, over 80 percent of the Emerald
Coast's 4.5 million visitors each year visit Destin.  Destin is a principal city of the Fort Walton Beach–Crestview–
Destin Metropolitan Statistical Area.

The sand on Destin's beaches is some of the whitest in the world. The sand comes from the Appalachian
Mountains, and is made of finely ground quartz crystal giving the appearance of sugar. Residue flows down the
Apalachicola River and is deposited into the Gulf of Mexico. Because of the currents the sand drifts west along the
Gulf Coast and settles from east of Panama City to the Alabama coast.