Year-End 2022 Home Market Report

Page 1

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos). Excludes land. Deemed reliable but not guaranteed.

YEAR-END 2022 NUMBER OF SALES
PROPERTIES ON MARKET AT YEAR-END AVERAGE SALES PRICE AVERAGE PRICE PER SQUARE FOOT 1 A Review of the Scenic Highway 30A Home Market Detached Homes, Attached Units, and Condos HOME TRENDS FOR THE POPULAR COMMUNITIES OF NORTHWEST FLORIDA’S GULF COAST COMPLIMENTS OF COASTAL LUXURY COASTAL COMMUNITIES of Florida’s Gulf Coast YEAR-END 2022 MARKET REPORT FOR THE
CONTENTS OVERALL 30A SCENIC CORRIDOR ....4 ROSEMARY ....6 ALYS BEACH ....8 WATERSOUND BEACH ....10 WATERCOLOR BEACH ....12 SEASIDE ....14 GRAYTON BEACH ....16 30A GULF-FRONT ....18 30A HIGH-END LUXURY $3M+ ....20 FREEPORT ....22 FREEPORT BAYFRONT ....24 OVERALL DESTIN & MIRAMAR BEACH ....26 SANDESTIN ....28 BURNT PINE ....30 BAYFRONT DESTIN TO SOUTH WALTON ....32 DESTIN & MIRAMAR GULF-FRONT ....34 CARILLON BEACH ....36 A Review of the Greater Destin to 30A Home Market Detached Homes, Attached Units, and Condos

COASTAL LUXURY

Team Approach

TO DELIVERING WHITE GLOVE SERVICE A TRUE

Our firm’s unique targeted marketing efforts, strong database, and intimate market knowledge affords us the opportunity of consistently representing the successful sales of our coast’s finest residences. Coastal Luxury provides a strong team representation to deliver white glove service to our clients.

Please lend us the pleasure of serving you in your real estate endeavors!

ERIN ODEN
RITA MONTGOMERY ANNIE LOCKAMY ALEXSIS MILLS RON DORMANEN TODD COSTON KRISTEN WILSON PATTY PEARSON SHARON SIBLEY BLAIZE MYRICK HANNAH MARTIN JEN HAMOR
MEET THE FACES OF

YEAR END 2017

YEAR-END MARKET REVIEW

SCENIC HWY 30A CORRIDOR 2022

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos). Excludes land. Deemed reliable but not guaranteed.

2021 2022 2021 2022 2021 2022 2021 2022 YEAR-END 2022 VOLUME OF SALES NUMBER OF SALES 2021 2022 2021 2022 2021 2022 2021 2022 MONTHS OF INVENTORY ON MARKET AT YEAR END
ON MARKET AT YEAR-END
PRICE
SQUARE FOOT
OF
5 357 4.1 156% 1.6 $3,487,152,511 -16% $4,148,519,928 -24% -1% 58 44 97% 98% 604 $780 23% $634 $1,554,918 26% $1,961,278 1,778 -33% 2,668 Scenic Hwy 30A Corridor 69%
PROPERTIES
AVERAGE SALES PRICE AVERAGE DAYS ON MARKET OF SOLD PROPERTIES AVERAGE
PER
PERCENTAGE
LIST PRICE

YEAR END 2017

YEAR-END MARKET REVIEW ROSEMARY 2022

PROPERTIES ON MARKET AT YEAR-END AVERAGE SALES PRICE

$3,052,062 103

$4,855,233 $1,523 13 10 $1,076

1.2

161 $314,362,400 $325,300,600 2.3

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos). Excludes land. Deemed reliable but not guaranteed.

97% 45 -72% Rosemary

2021 2022 2021 2022 2021 2022 2021 2022 YEAR-END 2022 VOLUME OF SALES NUMBER OF SALES 2021 2022 2021 2022 2021 2022 2021 2022 MONTHS OF
ON MARKET AT YEAR END
INVENTORY
7 92% 3% 1% 30% 42% 59% -35% 96%
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES
AVERAGE PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE 67

YEAR END 2017

YEAR-END MARKET REVIEW ALYS BEACH 2022

AVERAGE

4 $1,325 $4,092,299 89

PROPERTIES ON MARKET AT YEAR-END AVERAGE SALES PRICE

PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE

0.5 36% 360% 1%

42 $5,887,308 $1,801 8

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos). Excludes land. Deemed reliable but not guaranteed.

129 $364,214,582 $247,266,927 2.3 44% Alys Beach

2021 2022 2021 2022 2021 2022 2021 2022 YEAR-END 2022 VOLUME OF SALES NUMBER OF SALES 2021 2022 2021 2022 2021 2022 2021 2022 MONTHS OF
ON MARKET AT YEAR END
INVENTORY
9 -32% -83% 100% -53%
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES
98% 99% 22

YEAR END 2017

YEAR-END MARKET REVIEW

WATERSOUND BEACH 2022

PROPERTIES ON MARKET AT YEAR-END AVERAGE SALES PRICE

AVERAGE PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE

99% 37 49 $185,517,575 $142,486,500 6.8 1.4

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos). Excludes land. Deemed reliable but not guaranteed.

2021 2022 2021 2022 2021 2022 2021 2022 YEAR-END 2022 VOLUME OF SALES NUMBER OF SALES 2021 2022 2021 2022 2021 2022 2021 2022 MONTHS OF
ON MARKET AT YEAR END
INVENTORY
11 386% -23% -24% 2% 24% 22% -37% 97%
37 $3,850,986 $1,199 21
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES 200% Watersound Beach
7 $965 $3,144,366 59

YEAR END 2017

YEAR-END MARKET REVIEW WATERCOLOR 2022

AVERAGE SALES PRICE

AVERAGE PRICE PER SQUARE FOOT

PROPERTIES ON MARKET AT YEAR-END

11 $844 $2,488,017 165

83 $1,127 26

AVERAGE DAYS ON MARKET OF SOLD PROPERTIES

34 $410,522,821 3.8 -32%

$3,348,100 $277,892,286

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos). Excludes land. Deemed reliable but not guaranteed.

0.8 35% 12% Watercolor

2021 2022 2021 2022 2021 2022 2021 2022 YEAR-END 2022 VOLUME OF SALES NUMBER OF SALES 2021 2022 2021 2022 2021 2022 2021 2022
MARKET AT YEAR END
MONTHS OF INVENTORY ON
13
375% 136% 34% -50%
PERCENTAGE OF LIST PRICE
98% 98% 38

YEAR END 2017

YEAR-END MARKET REVIEW SEASIDE 2022

PROPERTIES ON MARKET AT YEAR-END AVERAGE SALES PRICE

$2,687,133 30

PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE 3 $1,257

64 $80,614,000 $47,421,500 28% 33% 167%

3.2

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos). Excludes land. Deemed reliable but not guaranteed.

97% Seaside

97% 34 -41%

2021 2022 2021 2022 2021 2022 2021 2022 YEAR-END 2022 VOLUME OF SALES NUMBER OF SALES 2021 2022 2021 2022 2021 2022 2021 2022 MONTHS OF
ON MARKET AT YEAR END
INVENTORY
15 -47% 18% -50%
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES 1.2
AVERAGE 15 $3,161,433 $1,605 4

YEAR END 2017

YEAR-END MARKET REVIEW

GRAYTON BEACH 2022

PROPERTIES ON MARKET AT 2.3

YEAR-END AVERAGE 16 $2,933,094 $989 3

AVERAGE DAYS ON MARKET OF SOLD PROPERTIES 5 $911 $2,391,078 26 -25%

PERCENTAGE OF LIST PRICE -40%

$62,168,025 $46,929,502

96%

2021 2022 2021 2022 2021 2022 2021 2022 YEAR-END 2022 VOLUME OF SALES NUMBER OF SALES 2021 2022 2021 2022 2021 2022 2021 2022 MONTHS OF INVENTORY ON MARKET AT YEAR END
SALES PRICE
AVERAGE PRICE PER SQUARE FOOT
17 -60% 9% 23% -38% 96%
44 110
Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos). Excludes land. Deemed reliable but not guaranteed. 2.3
Grayton Beach

YEAR END 2017

30A GULF-FRONT

YEAR-END MARKET REVIEW 2022

AVERAGE SALES PRICE

PROPERTIES ON MARKET AT YEAR-END

30 $1,097 $2,666,655 206

133 $4,554,192 $1,482 53

AVERAGE DAYS ON MARKET OF SOLD PROPERTIES

72 $549,330,875 $605,707,600 4.8

95% 97% 40

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos). Excludes land. Deemed reliable but not guaranteed.

1.7 30A Gulf-Front

2021 2022 2021 2022 2021 2022 2021 2022 YEAR-END 2022 VOLUME OF SALES NUMBER OF SALES 2021 2022 2021 2022 2021 2022 2021 2022 MONTHS OF
MARKET AT YEAR END
INVENTORY ON
19 182% 10% 2% -44% 77% 35% 71% -35%
AVERAGE PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE

YEAR END 2017

30A HIGH-END LUXURY $3M+ YEAR-END MARKET REVIEW 2022

PROPERTIES ON MARKET AT YEAR-END AVERAGE SALES PRICE

83 $1,169 $4,553,810 337

307 $5,391,902 $1,331 169

AVERAGE PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE

110 $1,534,633,856 $1,655,313,910 6.6

97% 45

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos). Excludes land. Deemed reliable but not guaranteed.

3 30A High-End Luxury $3M+

2021 2022 2021 2022 2021 2022 2021 2022 YEAR-END 2022 VOLUME OF SALES NUMBER OF SALES 2021 2022 2021 2022 2021 2022 2021 2022 MONTHS OF
ON MARKET AT YEAR END
INVENTORY
21 120% 8% -59% 104% 14% 18% -9% 97%
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES

YEAR END 2017

FREEPORT

YEAR-END MARKET REVIEW 2022

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos). Excludes land. Deemed reliable but not guaranteed.

2021 2022 2021 2022 2021 2022 2021 2022 YEAR-END 2022 VOLUME OF SALES NUMBER OF SALES 2021 2022 2021 2022 2021 2022 2021 2022 MONTHS OF INVENTORY ON MARKET AT YEAR END
PROPERTIES ON MARKET AT YEAR-END AVERAGE SALES PRICE AVERAGE
AVERAGE PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE 23 70% 35% 8% 89% 15% 22% 99% 99% 42 39 $278,126,420 $375,706,919 3.4 2.0 829 $453,205 $209 233 123 $182 $370,341 751 Freeport 10%
DAYS ON MARKET OF SOLD PROPERTIES

YEAR END 2017

FREEPORT BAYFRONT

YEAR-END MARKET REVIEW 2022

8 $341 $786,411 48

AVERAGE SALES PRICE AVERAGE DAYS

PROPERTIES AVERAGE PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE

PROPERTIES ON MARKET AT YEAR-END

33 $952,200 $399 11

2.0

39 $37,747,746 $31,422,605 4.0

MARKET Freeport BAYFRONT -31%

2021 2022 2021 2022 2021 2022 2021 2022 YEAR-END 2022 VOLUME OF SALES NUMBER OF SALES 2021 2022 2021 2022 2021 2022 2021 2022 MONTHS OF
ON MARKET AT YEAR END
INVENTORY
25 100% -17% 92% 38% 17% 21%
Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos). Excludes land. Deemed reliable but not guaranteed.
ON
OF SOLD
95% 95% 75

YEAR END 2017

DESTIN & MIRAMAR BEACH

YEAR-END MARKET REVIEW 2022

AVERAGE SALES PRICE

AVERAGE PRICE PER SQUARE FOOT

PROPERTIES ON MARKET AT YEAR-END

555 $400 $758,998 3,427

AVERAGE DAYS ON MARKET OF SOLD PROPERTIES

PERCENTAGE OF LIST PRICE

1.9

63 $2,601,086,526 $2,241,890,204 4.3

98% 97% 53

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos). Excludes land. Deemed reliable but not guaranteed.

2021 2022 2021 2022 2021 2022 2021 2022 YEAR-END 2022 VOLUME OF SALES NUMBER OF SALES 2021 2022 2021 2022 2021 2022 2021 2022
MARKET AT YEAR END
MONTHS OF INVENTORY ON
27 126% -14% -16% -1% 61% 25% 18% -27%
2,508 $893,896 $501 893 Overall Destin & Miramar

YEAR END 2017

SANDESTIN RESORT

YEAR-END MARKET REVIEW 2022

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos). Excludes land. Deemed reliable but not guaranteed.

2021 2022 2021 2022 2021 2022 2021 2022 YEAR-END 2022 VOLUME OF SALES NUMBER OF SALES 2021 2022 2021 2022 2021 2022 2021 2022 MONTHS OF INVENTORY ON MARKET AT YEAR END
PROPERTIES ON MARKET AT YEAR-END AVERAGE SALES PRICE
AVERAGE PRICE PER SQUARE FOOT PERCENTAGE OF
PRICE 29 107% -8% -1% -33% 44% 31% 33% -31% 97% 96% 42 63 3.1 1.5 552 $912,958 $535 144 100 $409 $684,234 802
Sandestin Resort
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES
LIST
$584,755,528 $503,952,679

YEAR END 2017

BURNT PINE

YEAR-END MARKET REVIEW 2022

AVERAGE

PROPERTIES ON MARKET AT YEAR-END

5 $482 $2,266,332 52

33 $2,888,525 $665 9

1.2

AVERAGE Burnt Pine

72 $117,849,255 $95,321,332 3.3

2021 2022 2021 2022 2021 2022 2021 2022 YEAR-END 2022 VOLUME OF SALES NUMBER OF SALES 2021 2022 2021 2022 2021 2022 2021 2022 MONTHS OF
ON MARKET AT YEAR END
INVENTORY
PRICE
SQUARE FOOT
31 175% -19% -39% -3% 80% 38% 27% -37%
Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos). Excludes land. Deemed reliable but not guaranteed.
SALES PRICE AVERAGE DAYS ON MARKET OF SOLD PROPERTIES
PER
PERCENTAGE OF LIST PRICE
96% 93% 44

YEAR END 2017

BAYFRONT DESTIN

YEAR-END MARKET REVIEW 2022

TO SOUTH WALTON

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos). Excludes land. Deemed reliable but not guaranteed.

2021 2022 2021 2022 2021 2022 2021 2022 YEAR-END 2022 VOLUME OF SALES NUMBER OF SALES 2021 2022 2021 2022 2021 2022 2021 2022 MONTHS OF INVENTORY ON MARKET AT YEAR END
AVERAGE SALES PRICE
AVERAGE PRICE PER SQUARE FOOT
OF
PRICE 33 -9% 44% 4% -33% 29% 15% 95% 95% 62 93
3.2 162 $1,602,661 $556 62 48 $450 $1,399,587 179 Bay Front, Destin to South Walton 24%
PROPERTIES ON MARKET AT YEAR-END
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES
PERCENTAGE
LIST
$250,526,099 $259,631,018 4.6

YEAR END 2017

DESTIN & MIRAMAR GULF-FRONT YEAR-END MARKET REVIEW 2022

AVERAGE PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE 410 $1,162,715 $705 172

PROPERTIES ON MARKET AT YEAR-END AVERAGE SALES PRICE

-31%

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos). Excludes land. Deemed reliable but not guaranteed.

$560,522,570 $476,713,332 5.0 101 $562 $943,641 594 Destin & Miramar Gulf-front

2021 2022 2021 2022 2021 2022 2021 2022 YEAR-END 2022 VOLUME OF SALES NUMBER OF SALES 2021 2022 2021 2022 2021 2022 2021 2022 MONTHS OF
ON MARKET AT YEAR END
INVENTORY
35 150% -15% -42% 70% 25% 23% 97% 97% 42 72
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES 2.0

YEAR END 2017

CARILLON BEACH

YEAR-END MARKET REVIEW 2022

PROPERTIES ON MARKET AT YEAR-END AVERAGE SALES PRICE

$1,203,472

8 $557

239 $64,987,464 $22,063,925 6.0 -59%

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos). Excludes land. Deemed reliable but not guaranteed.

100% 33 54 Carillon Beach

1.8

2021 2022 2021 2022 2021 2022 2021 2022 YEAR-END 2022 VOLUME OF SALES NUMBER OF SALES 2021 2022 2021 2022 2021 2022 2021 2022 MONTHS OF
ON MARKET AT YEAR END
INVENTORY
37 233% -66% -86% 3% 38% 23% -17% 97%
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES
AVERAGE PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE 22 $1,002,906 $684 11

White Glove Service and Strategic Targeted Marketing

Coastal Luxury maintains a strong emphasis on intimate market knowledge and a high level of investment in focused niche marketing. Staying closely attuned to the trends to keep clients aligned with the market for peak opportunity, as well as strategically marketing clients’ properties above the expectation and the competition, has proven successful and rewarding.

Coastal Luxury consistently ranks as a top producer in the luxury market, having closed over a billion dollars in sales by successfully marketing and selling numerous record breaking transactions.

“If you are looking to successfully sell your luxury property this season, we would love to hear from you and be your resource!”
- Erin Oden & Kristen Wilson
CoastalLuxury.com
Erin Oden is the principal broker and Kristen Wilson leads the sales team as the managing broker of Coastal Luxury.

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