Who We Are?
When you're looking to buy or sell a home or property in Destin, you need look no further than Adams Real Estate, located in in the lobby of Pelican Beach Resort. We are a real estate company with experience and personal knowledge of the Northwest Florida area.
Adams Real Estate has a strong local client base here in Destin, with many repeat clients. You'll find our agents to be a highly motivated, friendly bunch who will do everything in their power to get your property sold or help you find the perfect resort property. Resort real estate opportunities in Destin are an ideal way to acquire a second home and investment property. Real estate along the Emerald Coast has skyrocketed in value in recent years. Let us help find the perfect property for you.
Our Goal is Your Complete Satisfaction!
If you are looking to buy - Adams Real Estate takes great effort to understand your personal needs and to find the right vacation condominium, home or property for you... in the right locale, at the right price. Our consultative approach enables you to make an informed decision on what may be the most important purchase of your life. Understanding the local markets, knowing a property's full potential, and understanding factors that affect future resale enable you to make the best possible decision for you and your family.
Adams Real Estate, Inc. is exclusively located in the main lobby of the Pelican Beach Resort for all your real estate needs.
Maximize Your Rental Income at Pelican Beach with Pelican Beach Management
Pelican Beach Management is the exclusive on-site rental management company at the Resorts of Pelican Beach. They currently serve over 200 homeowners on the short-term rental program. With more than 20 years experience in rental management, Pelican Beach Management is well placed to provide both effective and rewarding representation for rental owners at the Resorts of Pelican Beach.
Homeowners opting to place their property with a rental management company typically are looking for income while still being able to enjoy their beach real estate investment. Other benefits may include peace of mind in knowing that your property is being expertly cared for, having a nice clean condominium to use at your discretion, 24-hour on call maintenance & front office, and the tax benefits of having a rental property.
Pelican Beach Management understands the special needs of a homeowner opting to rent their home out to Emerald Coast vacationers. They have a dedicated reservation, front office, housekeeping, and maintenance department, to make sure that the needs of our homeowners and guests are exceeded.
If you would like to learn more about our Rental Management program, we would be very happy to send you our comprehensive Rental Information Packet in the mail. We would also welcome the opportunity of talking with you personally. Please contact Herb Profitt, General Manager of Pelican Beach Management by email (email@example.com) or by calling (850) 654-1425.
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Average Percent of Original List Price Received
The average of the sale price (as a percentage of the original list price) across all properties selling during the month
Economists' note: The Average Percent of Original List Price Received is an indicator of market conditions, in that in a recovering market, the measure rises as buyers realize that the market may be moving away from them and they need to match the selling price (or better it) in order to get a contract on the house. This is usually the last measure to indicate a market that has shifted from down to up, and is another lagging indicator.
Average Sale Price
The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales)
Economists' note: As noted above, we prefer Median Sale Price over Average Sale Price as a summary statistic for home prices. However, Average Sale Price does have its uses – particularly when it is analyzed alongside the Median Sale Price. For one, the relative difference between the two statistics can provide some insight into the market for higher-end homes in an area.
The number of Closed Sales during the month in which buyers exclusively paid in cash
Economists' note: Cash Sales can be a useful indicator of the extent to which investors are participating in the market. Why? Investors are far more likely to have the funds to purchase a home available up front, whereas the typical homebuyer requires a mortgage or some other form of financing. There are, of course, many possible exceptions, so this statistic should be interpreted with care.
Cash Sales as a Percentage of Closed Sales
The percentage of Closed Sales during the month which were Cash Sales
Economists' note: This statistic is simply another way of viewing Cash Sales. The remaining percentages of Closed Sales (i.e. those not paid fully in cash) each month involved some sort of financing such as mortgages, owner/seller financing, assumed loans, etc.
The number of sales transactions which closed during the month
Economists' note: Closed Sales are one of the simplest – yet most important – indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend using the year-over-year percent changes rather than the absolute counts. Realtors® and their clients should also be wary of month-to-month comparisons of Closed Sales because of potential seasonal effects.
Inventory (Active Listings)
The number of property listings active at the end of the month
Economists' note: There are a number of ways to calculate Inventory, so these numbers may not match up to other you see in your market. We calculate Inventory by counting the number of active listings on the last day of the month, and hold this number to compare with the same month the following year.
Median Sale Price
The median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below)
Economists' note: Median Sale Price is our preferred summary statistic for price activity because, unlike Average Sale Price, Median Sale Price is not sensitive to high sale prices for small numbers of homes that may not be characteristic of the market area.
Median Days on Market Until Sale
The median number of days that properties sold during the month were on the market
Economists' note: Median Days on Market is the amount of time the "middle" property selling this month was on the market. That is, 50% of homes selling this month took less time to sell, and 50% of homes took more time to sell. We use the median rather than the average because the median is not particularly sensitive to sales of homes that took an unusually large amount of time to sell relative to the vast majority of homes in the market.
Months Supply of Inventory
An estimate of the number of months it will take to deplete the current Inventory given recent sales rates
Economists' note: This is an indicator of the state of the market, whether it is a buyers' market or a sellers' market. The benchmark for a balanced market (favoring neither buyer nor seller) is 5.5 Months of Inventory. Higher numbers indicate a buyers' market, lower numbers a sellers' market.
The number of properties put onto the market during the month
Economists' note: In a recovering market, we expect that new listings will eventually rise as sellers raise their estimations of value. But this increase will take place only after the market has turned up, so New Listings are a lagging indicator of the health of the market. Also be aware of properties which have been withdrawn from the market and then relisted. These are not really New Listings.
The number of property listings that went from "Active" to "Pending" status during the month
Economists' note: Because of the typical length of time it takes for a sale to close, economists consider Pending Sales to be a decent indicator of potential future Closed Sales. It is important to bear in mind, however, that not all Pending Sales will be closed successfully. So, the effectiveness of Pending Sales as a future indicator of Closed Sales is susceptible to changes in market conditions such as the availability of financing for homebuyers and the inventory of distressed properties for sale.