Is a Second Home a good investment in today’s market?

The Majestic Sun in Destin, Florida

The Majestic Sun in Destin, Florida

If you’ve been thinking about investing in a second home or rental property, now is the time to pull the trigger. Most economists believe that the real estate market has bottomed and with what appears to be a slow recovery in the works, you may be in for slow but steady price growth over the next several years. For the last 3 to 4 years, beach property has precipitously fallen in price, however, we are starting to see an uptick in, both, demand and price.

Check out these Detached Single Family sales statistics for the Destin and Panama City Beach areas. As you can see, the numbers are encouraging. 2013 is showing greater inventory, more sales, higher sales prices, fewer days on market, and a higher sales price to list price ratio. All good signs of the real estate market finally turning.

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Taking a look at Destin and Panama City Beach condo sales statistics, below, we can see an improvement, as well. Year over year inventory is slightly higher, units sold has increased, while the average list price and sales prices have drifted higher. The number of days on market has marginally increased but so has the sales price to list price ratio, signaling positive price movements.

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In a nut shell, the Destin and Panama City Beach markets are seeing increased demand for second home and rental property investments. It just may be the time to think about jumping into the market, yourself. To view available Destin/Panama City Beach homes and condos, please call Craig Levine or click on the following link:


 Having been licensed since 1994, Craig Levine brings to your real estate deal a world of experience, cutting-edge technology, negotiating savvy, and exemplary service. With Century 21 in Atlanta, Craig was the #2 agent in the #1 office in Georgia in 1998, 1999, 2000, and 2001! He repeatedly received Century 21’s highest honor, The Centurion Award, in each of these years. In 2002, Craig joined Re/Max Greater Atlanta, the Nation’s #1 RE/MAX office and has consistently been one of the top agents in the office. Additionally, Craig got licensed in Florida to bring his arsenal of skills and resources into the Emerald Coast’s 2nd Home and Investment market. He holds a Florida Broker’s Associate License which resides at Baywalk Real Estate in Beautiful Destin, Florida.

     Craig is an avid hiker, camper, boater, golfer, traveler, biker, and reader. He has written for numerous print magazines including The Seasonal, The Gazette, Cobb Living, Cobbonline, The Cobb Times, Atlanta Nation, Cherokee Nation, North Fulton Nation, Gwinnett Nation, The Southeast Business Journal, Lake Lanier Herald, Revue and News, John’s Creek Herald, Forsyth Herald, North Atlanta Business Post, as well as various online real estate related web sites. Craig is also frequently quoted in Georgia Realtor Magazine, Florida Realtor Magazine, the Atlanta Journal and Constitution, and the Atlanta Business Chronicle.

-Realtor Serving Thousands of Clients Since 1994
-Associate Broker in Georgia and Florida
-Graduate of the Realtor Institute (GRI)
-Certified Luxury Home Marketing Specialist (CLHMS)
-Certified Distressed Property Expert (CDPE)
-Accredited REO Agent (AREO)
-Short Sale and Foreclosure Resource Specialist (SFR)
-Real Estate Property Management Specialist (REPM)
-Top 1% of Realtors Nationally
-Non-Performing Asset Specialist
-Member REOMAC (wait list), FiveStar, Equator Gold Certified, AMP Professional Certified, REOConnection, REO Network

RE/MAX Greater Atlanta (Atlanta) – Associate Broker
Southern Disposition, LLC – Broker/Owner
Baywalk Real Estate (Destin/Panama City Beach, Florida) – Broker Associate

678-784-4493 (Office)
888-8-LEVINE (Toll Free)

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