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Record-Smashing Condominium Market in Destin-South Walton
Jim Chitwood reports a 1983 condo boom in Destin-South Walton with 1,336 units sold and 145 million dollars in sales, a 63 percent rise from 1982. Hutchison of Florida Realty notes a balanced market amid 1,300 unsold units, with new sales 925 totaling 101.66 million and resales 411 at 44.23 million, predicting continued strength into 1984 despite potential oversupply in some submarkets. Sandestin led with 740 units across nine projects while Texas buyers increased, and an estimated 1,259 unsold units remain after 517 proposed.
MENTIONED IN THIS ARTICLE
Jim Chitwood
Destin-South Walton
W.R. Hutchison Sr
Florida Realty Inc
Hutchison
Texas
Lone Star
Sandestin