MARKET REPORT Q4 2019
DESTIN
SKEPTIC SOLUTIONS
DESTIN AREA REAL ESTATE MARKET TRENDS
1% decrease in total average sale price in Destin area real estate
7% increase in total sold volume in Destin area real estate
This report aims to give an insight into real estate market trends of Q4 2019 and the year 2019 in total. It covers the areas of Destin, Miramar Beach/Sandestin, 30A West, North Santa Rosa Beach, 30A East, Point Washington, Panama City Beach, Fort Walton Beach, Navarre, Crestview, Niceville, and Freeport.
NUMBER OF HOMES SOLD IN 2019 PER AREA 2,500 2,000 1,500 1,000 500
Fr ee po rt
Ni ce vi lle Cr es tv ie w
Na va rre
De st in
M ira m ar Be ac h 30 A W es t 30 N A Sa Ea nt st a Ro sa Be ac Pt h W as ht in gt on Pa na m Fo a Ci rt ty W al to n Be ac h
0
decrease in total average sale price in Destin area real estate
DESTIN
Sold Volume
Total 2019
Q4 2018
Q4 2019
%
$617,288,419
$119,925,315
$126,204,621
+5
Avg Sales Price
$508,056
$506,013
$502,807
-0
Median Sales Price
$390,000
$350,000
$373,000
+3
1215
237
251
+5
92
111
95
-14
Number of Sales Avg Days on Market
DESTIN MARKET TRENDS
5% increase in sold volume in Destin real estate
3%
Destin market trends indicate a decrease of $12 (5%) in the average price per square foot over the past 6 months. Buyers can expect to pay 96% of the seller’s asking price.
increase in median sales price in Destin real estate
AVERAGE PRICE PER SQUARE FOOT 300 200 100 0
July
Aug
Sept
Oct
Nov
Dec
MIRAMAR BEACH SANDESTIN
Sold Volume
Total 2019
Q4 2018
Q4 2019
%
$554,765,073
$137,498,413
$136,413,583
-0.7
Avg Sales Price
$531,384
$549,994
$554,527
+1
Median Sales Price
$400,000
$413,000
$404,000
+2
Number of Sales
1044
250
246
-2
Avg Days on Market
118
129
117
-9
MIRAMAR BEACH MARKET TRENDS
1% increase in average sales price in Miramar Beach
0.7%
Miramar Beach market trends indicate an increase of $32 (10%) in the average price per square foot over the past 6 months. Buyers can expect to pay 96% of the seller’s asking price.
decrease in number of homes sold in Miramar Beach
AVERAGE PRICE PER SQUARE FOOT 400 300 200 100 0
July
Aug
Sept
Oct
Nov
Dec
30A WEST
Sold Volume
Total 2019
Q4 2018
Q4 2019
%
$365,445,005
$82,901,413
$78,873,417
-4
Avg Sales Price
$801,414
$1,062,839
$830,246
-21
Median Sales Price
$605,000
$634,500
$627,600
-1
Number of Sales
456
78
95
+21
Avg Days on Market
110
156
124
-20
30A WEST MARKET TRENDS
21% decrease in average sales price in 30A West
21%
30A West market trends indicate a increase of $6 (2%) in the average price per square foot over the past 6 months. Buyers can expect to pay 97% of the seller’s asking price.
increase in number of homes sold in 30A West
AVERAGE PRICE PER SQUARE FOOT 400 300 200 100 0
July
Aug
Sept
Oct
Nov
Dec
30A EAST
Total 2019
Q4 2018
$1,211,263,882
$252,189,188
$323,320,735
+28
Avg Sales Price
$1,110,233
$1,178,454
$1,130,492
-4
Median Sales Price
$750,000
$731,795
$800,000
+9
Sold Volume
Q4 2019
%
Number of Sales
1091
214
286
+33
Avg Days on Market
115
114
106
-33
30A EAST MARKET TRENDS
4% decrease in average sales price in 30A East
33%
30A East market trends indicate a increase of $17 (4%) in the average price per square foot over the past 6 months. Buyers can expect to pay 97% of the seller’s asking price.
increase in number of homes sold in 30A East
AVERAGE PRICE PER SQUARE FOOT 500 400 300 200 100 0
July
Aug
Sept
Oct
Nov
Dec
NORTH SANTA ROSA BEACH
Sold Volume
Total 2019
Q4 2018
Q4 2019
$156,121,722
$27,886,560
$36,226,375
%
+33
Avg Sales Price
$359,727
$335,983
$373,468
+11
Median Sales Price
$307,095
$321,000
$310,000
+3
Number of Sales
434
83
97
+16
Avg Days on Market
83
80
75
-6
NORTH SANTA ROSA BEACH MARKET TRENDS
29%
11% increase in average sales price in North Santa Rosa Beach
North Santa Rosa Beach market trends indicate an increase of $83 (41%) in the average price per square foot over the past 6 months. Buyers can expect to pay 96% of the seller’s asking price.
increase in number of homes sold in North Santa Rosa Beach
AVERAGE PRICE PER SQUARE FOOT 300 200 100 0
July
Aug
Sept
Oct
Nov
Dec
POINT WASHINGTON
Sold Volume
Total 2019
Q4 2018
Q4 2019
%
$14,265,101
$14,265,101
$8,574,000
-42
Avg Sales Price
$460,165
$460,165
$389,727
-15
Median Sales Price
$375,000
$375,000
$378,275
+0.8
Number of Sales
109
31
22
-29
Avg Days on Market
112
150
79
-47
POINT WASHINGTON MARKET TRENDS
29%
15% decrease in average sales price in Point Washington
Point Washington market trends indicate an increase of $34 (24%) in the average price per square foot over the past 6 months. Buyers can expect to pay 97% of the seller’s asking price.
decrease in number of homes sold in Point Washington
AVERAGE PRICE PER SQUARE FOOT 250 200 150 100 50 0
July
Aug
Sept
Oct
Nov
Dec
PANAMA CITY BEACH
Sold Volume
Total 2019
Q4 2018
Q4 2019
%
$346,125,580
$71,151,484
$78,510,706
+9
Avg Sales Price
$329,958
$334,045
$335,516
-0.2
Median Sales Price
$265,000
$260,000
$277,500
+6
1049
213
234
+9
92
78
82
+5
Number of Sales Avg Days on Market
PANAMA CITY BEACH MARKET TRENDS
9%
0.2% decrease in average sales price in Panama City Beach
Panama City Beach market trends indicate an increase of $22 (10%) in the average price per square foot over the past 6 months. Buyers can expect to pay 98% of the seller’s asking price.
increase in number of homes sold in Panama City Beach
AVERAGE PRICE PER SQUARE FOOT 250 200 150 100 50 0
July
Aug
Sept
Oct
Nov
Dec
FORT WALTON BEACH
Sold Volume
Total 2019
Q4 2018
Q4 2019
%
$562,687,131
$91,763,164
$128,613,585
+40
Avg Sales Price
$270,003
$249,356
$266,833
+6
Median Sales Price
$230,000
$221,250
$233,950
+5
2084
368
482
+31
58
61
46
-24
Number of Sales Avg Days on Market
FORT WALTON BEACH MARKET TRENDS
31%
6% increase in average sales price in Fort Walton Beach
Fort Walton Beach market trends indicate a decrese of $6 (3%) in the average price per square foot of $207 over the past 6 months. Buyers can expect to pay 97% of the seller’s asking price.
increase in number of homes sold in Fort Walton Beach
AVERAGE PRICE PER SQUARE FOOT 250 200 150 100 50 0
July
Aug
Sept
Oct
Nov
Dec
NAVARRE
Sold Volume
Total 2019
Q4 2018
Q4 2019
%
$551,319,020
$129,663,762
$124,786,081
-3
Avg Sales Price
$305,779
$298,764
$314,323
+5
Median Sales Price
$269,000
$256,932
$276,250
+8
1803
434
397
-8
55
64
53
-17
Number of Sales Avg Days on Market
NAVARRE MARKET TRENDS
5% increase in average sales price in Navarre
8%
Navarre market trends indicate an decrease of $5 (4%) in the average price per square foot over the past 6 months.. Buyers can expect to pay 99% of the seller’s asking price.
decrease in number of homes sold in Navarre
AVERAGE PRICE PER SQUARE FOOT 150 100 50 0
July
Aug
Sept
Oct
Nov
Dec
CRESTVIEW
Sold Volume
Total 2019
Q4 2018
$375,355,616
$65,602,297
Q4 2019
$94,268,153
+46
Avg Sales Price
$208,995
$200,007
Median Sales Price
$208,900
$205,000
1796
328
439
+34
55
78
51
-34
Number of Sales Avg Days on Market
$214,734
%
$217,000
+7 +6
CRESTVIEW MARKET TRENDS
34%
7% increase in average sales price in Crestview
Crestview market trends indicate an increase of $4 (3%) in the average price per square foot over the past 6 months. Buyers can expect to pay 99% of the seller’s asking price.
increase in number of homes sold in Crestview
AVERAGE PRICE PER SQUARE FOOT 150 100 50 0
July
Aug
Sept
Oct
Nov
Dec
NICEVILLE
Sold Volume
Total 2019
Q4 2018
Q4 2019
%
$327,764,570
$60,175,146
$64,606,540
+6
Avg Sales Price
$342,492
$310,181
$326,296
+5
Median Sales Price
$319,900
$275,000
$308,500
+12
Number of Sales
957
194
198
+5
Avg Days on Market
41
61
37
-39
NICEVILLE MARKET TRENDS
5% increase in average sales price in Niceville
2%
Niceville market trends indicate an increase of $4 (3%) in the average price per square foot over the past 6 months.Buyers can expect to pay 99% of the seller’s asking price.
increase in number of homes sold in Niceville
AVERAGE PRICE PER SQUARE FOOT 150 100 50 0
July
Aug
Sept
Oct
Nov
Dec
FREEPORT
Sold Volume
Total 2019
Q4 2018
$149,372,554
$29,761,479
Q4 2019
%
$44,688,425
+51
Avg Sales Price
$280,775
$288,946
$274,162
-4
Median Sales Price
$265,364
$272,100
$255,000
-6
Number of Sales Avg Days on Market
532
103
163
+58
59
82
61
-25
FREEPORT MARKET TRENDS
4% decrease in average sales price in Freeport
58%
Freeport market trends indicate a increase of $6 (4%) in the average price per square foot over the past 6 months. Buyers can expect to pay 99% of the seller’s asking price.
increase in number of homes sold in Freeport
AVERAGE PRICE PER SQUARE FOOT 150 100 50 0
July
Aug
Sept
Oct
Nov
Dec