MARKET REPORT Q2 2019
MARKET REPORT | Q2 2019
DESTIN Destin market trends indicate an increase of $11 (4%) in the average quarterly price per square foot comparing Q1 and Q2 of 2019. The average time on market for properties in Destin is 85 days and buyers can expect to pay 97% of the seller’s asking price. 68% of homes are owner occupied vs. 32% that are rented. Indicator
Q2 2018
Q2 2019
Change in %
Number of Homes Sold
363
376
3.5%
Median Sales price
$373,000
$380,000
1.8%
Average Sales Price
$527,010
$514,079
-2.5%
Sold Volume
$191,304,979
$193,293,996
1%
New Listings
469
469
Median Sales Price 2019
Average Price per Square Ft
$620k
$300
$565k
$288
$510k
$275
$455k
$263 Jan Feb Mar Apr May Jun
Average Days on Market
85
—
Jan Feb Mar Apr May Jun
Median Rent per Month
$1,342
destin.evrealestate.com
MARKET REPORT | Q2 2019
MIRAMAR BEACH Miramar Beach market trends indicate an increase of $15 (5%) in the average quarterly price per square foot comparing Q1 and Q2 of 2019. The average time on market for properties in Miramar Beach is 90 days and buyers can expect to pay 96% of the seller’s asking price. 69% of homes are owner occupied vs. 31% that are rented. Indicator
Q2 2018
Q2 2019
Change in %
Number of Homes Sold
340
323
-5%
Median Sales price
$371,000
$387,000
4.2%
Average Sales Price
$498,416
$497,321
-0.2%
Sold Volume
$169,461,600
$160,634,835
-5.3%
New Listings
398
368
-7.8%
Median Sales Price 2019
Average Price per Square Ft
$500k
$310
$475k
$295
$450k
$280
$425k
$265 Jan Feb Mar Apr May Jun
Average Days on Market
90
Jan Feb Mar Apr May Jun
Median Rent per Month
$1,427
destin.evrealestate.com
MARKET REPORT | Q2 2019
30A WEST 30A West market trends indicate an increase of $12 (2%) in the average quarterly price per square foot comparing Q1 and Q2 of 2019. The average time on market for properties in 30A West is 86 days and buyers can expect to pay 96% of the seller’s asking price. 67% of homes are owner occupied vs. 33% that are rented. Indicator
Q2 2018
Q2 2019
Change in %
Number of Homes Sold
127
136
6.8%
Median Sales price
$565,000
$624,000
9.9%
Average Sales Price
$830,461
$842,116
1.3%
Sold Volume
$105,468,607
$114,527,802
8.2%
New Listings
191
203
6%
Median Sales Price 2019
Average Price per Square Ft
$2200k
$600
$1850k
$538
$1500k
$475
$1150k
$413 Jan Feb Mar Apr May Jun
Average Days on Market
86
Jan Feb Mar Apr May Jun
Median Rent per Month
$1,199
destin.evrealestate.com
MARKET REPORT | Q2 2019
NORTH SANTA ROSA BEACH North Santa Rosa Beach market trends indicate a decrease of $12 (6%) in the average quarterly price per square foot comparing Q1 and Q2 of 2019. The average time on market for properties in North Santa Rosa Beach is 80 days and buyers can expect to pay 97% of the seller’s asking price. 68% of homes are owner occupied vs. 32% that are rented. Indicator
Q2 2018
Q2 2019
Change in %
Number of Homes Sold
110
135
20%
Median Sales price
$304,500
$317,000
4%
Average Sales Price
$327,811
$367,661
11%
Sold Volume
$36,059,302
$49,634,357
31%
New Listings
144
147
2%
Median Sales Price 2019
Average Price per Square Ft
$670k
$280
$588k
$250
$505k
$220
$423k
$190 Jan Feb Mar Apr May Jun
Average Days on Market
80
Jan Feb Mar Apr May Jun
Median Rent per Month
$1,286
destin.evrealestate.com
MARKET REPORT | Q2 2019
30A EAST 30A East market trends indicate a decrease of $23 (4%) in the average quarterly price per square foot comparing Q1 and Q2 of 2019. The average time on market for properties in 30A East is 78 days and buyers can expect to pay 92% of the seller’s asking price. 67% of homes are owner occupied vs. 33% that are rented. Indicator
Q2 2018
Q2 2019
Change in %
Number of Homes Sold
316
324
2.5%
Median Sales price
$727,500
$738,778
1.5%
Average Sales Price
$1,127,512
$1,122,228
-0.4%
Sold Volume
$356,294,059
$363,601,916
2%
New Listings
447
456
1.9%
Median Sales Price 2019
Average Price per Square Ft
$1800k
$820
$1525k
$713
$1250k
$605
$975k
$498 Jan Feb Mar Apr May Jun
Average Days on Market
78
Jan Feb Mar Apr May Jun
Median Rent per Month
$1,199
destin.evrealestate.com
MARKET REPORT | Q2 2019
POINT WASHINGTON Point Washington market trends indicate an increase of $8 (4%) in the average quarterly price per square foot comparing Q1 and Q2 of 2019. The average time on market for properties in Point Washington is 99 days and buyers can expect to pay 97% of the seller’s asking price. 67% of homes are owner occupied vs. 33% that are rented. Indicator
Q2 2018
Q2 2019
Change in %
Number of Homes Sold
27
30
10%
Median Sales price
$356,800
$352,000
-1.3%
Average Sales Price
$524,057
$359,154
-37%
Sold Volume
$14,149,557
$10,774,635
-27%
New Listings
52
39
-28%
Median Sales Price 2019
Average Price per Square Ft
$410k
$210
$385k
$198
$360k
$185
$335k
$173 Jan Feb Mar Apr May Jun
Average Days on Market
99
Jan Feb Mar Apr May Jun
Median Rent per Month
$1,168
destin.evrealestate.com
MARKET REPORT | Q2 2019
PANAMA CITY BEACH / BAY COUNTY Panama City Beach market trends indicate an increase of $15 (5%) in the average quarterly price per square foot comparing Q1 and Q2 of 2019. The average time on market for properties in Panama City Beach is 82 days and buyers can expect to pay 98% of the seller’s asking price. 59% of homes are owner occupied vs. 41% that are rented. Indicator
Q2 2018
Q2 2019
Change in %
Number of Homes Sold
274
278
1.4%
Median Sales price
$268,000
$267,500
-0.1%
Average Sales Price
$326,817
$317,824
-2.7%
Sold Volume
$89,547,957
$88,355,265
-1.3%
New Listings
484
254
-62%
Median Sales Price 2019
Average Price per Square Ft
$300k
$240
$288k
$230
$275k
$220
$263k
$210 Jan Feb Mar Apr May Jun
Average Days on Market
82
Jan Feb Mar Apr May Jun
Median Rent per Month
$1,110
destin.evrealestate.com
MARKET REPORT | Q2 2019
FORT WALTON BEACH Fort Walton Beach market trends indicate an increase of $8 (4%) in the average quarterly price per square foot comparing Q1 and Q2 of 2019. The average time on market for properties in Fort Walton Beach is 86 days and buyers can expect to pay 98% of the seller’s asking price. 59% of homes are owner occupied vs. 41% that are rented. Indicator
Q2 2018
Q2 2019
Change in %
Number of Homes Sold
534
585
9.1%
Median Sales price
$229,900
$225,000
-2.1%
Average Sales Price
$254,291
$263,672
3.6%
Sold Volume
$135,791,434
$154,248,476
12%
New Listings
597
698
15%
Median Sales Price 2019
Average Price per Square Ft
$400k
$220
$375k
$210
$350k
$200
$325k
$190 Jan Feb Mar Apr May Jun
Average Days on Market
86
Jan Feb Mar Apr May Jun
Median Rent per Month
$1,087
destin.evrealestate.com
MARKET REPORT | Q2 2019
NAVARRE / GULF BREEZE Navarre market trends indicate an increase of $7 (5%) in the average quarterly price per square foot comparing Q1 and Q2 of 2019. The average time on market for properties in Navarre is 79 days and buyers can expect to pay 99% of the seller’s asking price. 70% of homes are owner occupied vs. 30% that are rented. Indicator
Q2 2018
Q2 2019
Change in %
Number of Homes Sold
603
577
-4.4%
Median Sales price
$251,000
$269,900
7.2%
Average Sales Price
$295,623
$304,427
2.9%
Sold Volume
$178,261,023
$175,654,789
-1.4%
New Listings
706
657
-7.1
Median Sales Price 2019
Average Price per Square Ft
$310k
$150
$285k
$144
$260k
$138
$235k
$131 Jan Feb Mar Apr May Jun
Average Days on Market
79
Jan Feb Mar Apr May Jun
Median Rent per Month
$1,269
destin.evrealestate.com
MARKET REPORT | Q2 2019
CRESTVIEW / NICEVILLE Crestview / Niceville market trends indicate an increase of $3 (2%) in the average quarterly price per square foot comparing Q1 and Q2 of 2019. The average time on market for properties in Crestview / Niceville is 88 days and buyers can expect to pay 99% of the seller’s asking price. 68% of homes are owner occupied vs. 32% that are rented. Indicator
Q2 2018
Q2 2019
Change in %
Number of Homes Sold
780
831
6.3%
Median Sales price
$266,950
$267,750
0.2%
Average Sales Price
$277,017
$277,175
—
Sold Volume
$209,408,074
$214,368,770
2.3%
New Listings
944
927
-1.8%
Median Sales Price 2019
Average Price per Square Ft
$390k
$170
$358k
$166
$325k
$163
$293k
$159 Jan Feb Mar Apr May Jun
Average Days on Market
88
Jan Feb Mar Apr May Jun
Median Rent per Month
$1,165
destin.evrealestate.com
MARKET REPORT | Q2 2019
FREEPORT Freeport market trends indicate an increase of $8 (6%) in the average quarterly price per square foot comparing Q1 and Q2 of 2019. The average time on market for properties in Freeport is 87 days and buyers can expect to pay 99% of the seller’s asking price. 75% of homes are owner occupied vs. 25% that are rented. Indicator
Q2 2018
Q2 2019
Change in %
Number of Homes Sold
123
117
-5%
Median Sales price
$255,000
$276,000
7.9%
Average Sales Price
$277,767
$285,806
2.8%
Sold Volume
$33,165,378
$33,439,305
0.8%
New Listings
145
160
9.8%
Median Sales Price 2019
Average Price per Square Ft
$300k
$150
$283k
$144
$265k
$138
$248k
$131 Jan Feb Mar Apr May Jun
Average Days on Market
87
Jan Feb Mar Apr May Jun
Median Rent per Month
$992
destin.evrealestate.com
MARKET REPORT | Q2 2019
OVERVIEW OF Q2 2019 AREA DATA
Sold Homes
New Listings
Average Sales Price
Median Sales Price
Sold Volume
Destin
376
469
$514,079
380,000
$193,293,996
Miramar
323
368
$497,321
$387,000
$160,634,835
30A West
136
203
$842,116
$842,116
$842,116
North Santa 135 Rosa Beach
147
$367,661
$317,000
$49,634,357
30A East
324
456
$1,122,228
$738,778
$363,601,916
Point Washington
30
39
$359,154
$352,000
$10,774,635
Panama City Beach
278
254
$317,824
$267,500
$88,355,265
Fort Walton Beach
585
698
$263,672
$225,000
$154,248,476
Navarre/ Gulf Breeze
577
657
$304,427
$269,900
$175,654,789
Crestview/ Niceville
831
927
$277,175
$267,750
$214,368,770
Freeport
117
160
$285,806
$276,000
$33,439,305
destin.evrealestate.com
MARKET REPORT | Q2 2019
MARKET OVERVIEW BY COUNTY MEDIAN LIST PRICE County
Q2 2018
Q2 2019
% Change
Walton
$509,000
$608,000
19.35%
Okaloosa
$295,000
$343,000
16.08%
Santa Rosa
$282,000
$300,000
6.54%
Escambia
$250,000
$251,000
-0.59%
Bay
$290,000
$340,000
17.31%
Q2 2018
Q2 2019
700k 525k 350k 175k 0k
Walton
Okaloosa Santa Rosa Escambia
Bay
AVERAGE DAYS ON MARKET County
Q2 2018
Q2 2019
% Change
Walton
90
93
3.91%
Okaloosa
75
77
2.00%
Santa Rosa
73
66
-10.27%
Escambia
66
70
5.30%
Bay
68
89
30.88%
Q2 2018
Q2 2019
100 75 50 25 0
Walton
Okaloosa Santa Rosa Escambia
Bay
destin.evrealestate.com
MARKET REPORT | Q2 2019
MARKET OVERVIEW BY METRO AREA Crestview / Fort Walton Beach / Destin Metro Q2 2019
Annual change in %
Home values
$297,000
+4.7
Median list price
$418,500
+15%
Days on market
83
+1%
3,043
-4%
Active listings
Panama City Metro Q2 2019
Annual change in %
Home values
$207,400
+5.1%
Median list price
$332,500
+15%
Days on market
91
+23%
2,547
-2%
Active listings
destin.evrealestate.com