First Half 2023 Home Market Report

COASTAL COMMUNITIES of Florida’s Gulf Coast

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!

RITA MONTGOMERY

ANNIE LOCKAMY

ALEXSIS MILLS

RON DORMANEN

TODD COSTON

KRISTEN WILSON

PATTY PEARSON

SHARON SIBLEY

BLAIZE MYRICK

HANNAH MARTIN

JEN HAMOR

FIRST HALF MARKET REVIEW

SCENIC HWY 30A CORRIDOR

MONTHS OF INVENTORY ON MARKET AT QUARTER END

AVERAGE SALES PRICE

AVERAGE PRICE PER SQUARE FOOT

PROPERTIES ON MARKET AT QUARTER END

AVERAGE DAYS ON MARKET OF SOLD PROPERTIES

PERCENTAGE OF LIST PRICE

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. Date pulled 7/13/2023.

NUMBER OF SALES Q1-Q2 2022 Q1-Q2 2023

AVERAGE SALES PRICE

AVERAGE PRICE PER SQUARE FOOT

PROPERTIES ON MARKET AT QUARTER END

14 $1,389 $4,305,883 46

Q1-Q2 2022 Q1-Q2 2023

Q1-Q2 2022 Q1-Q2 2023

MONTHS OF INVENTORY ON MARKET AT QUARTER END

228% -65% -2% 50% 17% 0% -65%

AVERAGE DAYS ON MARKET OF SOLD PROPERTIES

55 $198,070,600 $69,043,000 6.8

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. Date pulled 7/13/2023.

16 $4,315,188 $1,620 21 -14% Rosemary

PERCENTAGE OF LIST PRICE

2.1

AVERAGE SALES PRICE

9 $1,734 $5,516,353 22

32 $5,534,814 $1,961 13

MONTHS OF INVENTORY ON MARKET AT QUARTER END

1.8

OF SALES

AVERAGE DAYS ON MARKET OF SOLD PROPERTIES

AVERAGE PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE

PROPERTIES ON MARKET AT QUARTER END

20 $121,359,771 $177,114,037 3

100% 100% 26

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. Date pulled 7/13/2023.

WATERSOUND BEACH

NUMBER OF SALES

AVERAGE SALES PRICE

AVERAGE PRICE PER SQUARE FOOT

PROPERTIES ON MARKET AT QUARTER END

9 $1,160 $3,606,063 32 89%

16 $4,370,563 $1,261 17

MONTHS OF INVENTORY ON MARKET AT QUARTER END

VOLUME OF SALES

AVERAGE DAYS ON MARKET OF SOLD PROPERTIES

PERCENTAGE OF LIST PRICE

1.9

42 $115,394,000 $69,929,000 9.7

99% 96% 146

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. Date pulled 7/13/2023.

NUMBER OF SALES

52

AVERAGE SALES PRICE

AVERAGE PRICE PER SQUARE FOOT

PROPERTIES ON MARKET AT QUARTER END

32 $1,127 $3,564,585

25 $1,102 42

MONTHS OF INVENTORY ON MARKET AT QUARTER END

3.5

VOLUME OF SALES

AVERAGE DAYS ON MARKET OF SOLD PROPERTIES

PERCENTAGE OF LIST PRICE

27 $185,358,400 9

99% 96% 99

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. Date pulled 7/13/2023.

FIRST HALF MARKET REVIEW SEASIDE

2023

AVERAGE SALES PRICE

AVERAGE PRICE PER SQUARE FOOT

PROPERTIES ON MARKET AT QUARTER END

5 $1,604 $3,051,500 10

6 $2,410,500 $1,679 6

MONTHS OF INVENTORY ON MARKET AT QUARTER END

AVERAGE DAYS ON MARKET OF SOLD PROPERTIES

PERCENTAGE OF LIST PRICE

3.8

11 $30,515,000 $14,463,000 6.5

99% 99% 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. Date pulled 7/13/2023.

GRAYTON BEACH

NUMBER OF SALES Q1-Q2 2022 Q1-Q2 2023

AVERAGE SALES PRICE

AVERAGE PRICE PER SQUARE FOOT

PROPERTIES ON MARKET AT QUARTER END

5 $999 $3,010,454 11

Q1-Q2 2022 Q1-Q2 2023

Q1-Q2 2022 Q1-Q2 2023

MONTHS OF INVENTORY ON MARKET AT QUARTER END

5 $3,840,000 $1,197 5

AVERAGE DAYS ON MARKET OF SOLD PROPERTIES

369% 110% -3% 20% 0% 28% -55%

PERCENTAGE OF LIST PRICE

2.9 -42% Grayton Beach

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. Date pulled 7/13/2023.

30A GULF-FRONT

AVERAGE SALES PRICE

AVERAGE PRICE PER SQUARE FOOT

PROPERTIES ON MARKET AT QUARTER END

41 $1,509 $4,947,862 76

MONTHS OF INVENTORY ON MARKET AT QUARTER END

AVERAGE DAYS ON MARKET OF SOLD PROPERTIES

PERCENTAGE OF LIST PRICE

3.3

39 $376,037,500 $212,780,504 7.5

99% 93% 89

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. Date pulled 7/13/2023.

30A HIGH-END LUXURY $3M+

AVERAGE SALES PRICE

143 $1,257 $5,193,128 208

124 $5,305,279 $1,446 261

MONTHS OF INVENTORY ON MARKET AT QUARTER END

4.5

AVERAGE DAYS ON MARKET OF SOLD PROPERTIES

AVERAGE PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE

PROPERTIES ON MARKET AT QUARTER END

43 $1,080,170,670 $657,854,542 14

98% 96% 98

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. Date pulled 7/13/2023.

AVERAGE SALES PRICE

AVERAGE PRICE PER SQUARE FOOT

PROPERTIES ON MARKET AT QUARTER END

211 $203 $443,923 433 -12%

NUMBER OF SALES Q1-Q2 2022 Q1-Q2 2023

Q1-Q2 2022 Q1-Q2 2023

Q1-Q2 2022 Q1-Q2 2023

MONTHS OF INVENTORY ON MARKET AT QUARTER END

-21% -11% -1% 238% -24% 3% 1%

AVERAGE DAYS ON MARKET OF SOLD PROPERTIES

PERCENTAGE OF LIST PRICE

33 $192,218,614 $171,275,434 2.5

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. Date pulled 7/13/2023.

382 $448,365 $209 161 Freeport

3.1

FREEPORT BAYFRONT

AVERAGE SALES PRICE

17

AVERAGE PRICE PER SQUARE FOOT

PROPERTIES ON MARKET AT QUARTER END

16 $388 $994,118

9 $863,055 $324 8

MONTHS OF INVENTORY ON MARKET AT QUARTER END

VOLUME OF SALES

AVERAGE DAYS ON MARKET OF SOLD PROPERTIES

PERCENTAGE OF LIST PRICE

4.3

76 $16,900,000 $7,767,499 3.8

94% 96% 140

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. Date pulled 7/13/2023.

DESTIN & MIRAMAR BEACH

AVERAGE SALES PRICE

AVERAGE PRICE PER SQUARE FOOT

PROPERTIES ON MARKET AT QUARTER END

771 $492 $881,438 1,636

967 $927,846 $508 944

MONTHS OF INVENTORY ON MARKET AT QUARTER END

2.9

AVERAGE DAYS ON MARKET OF SOLD PROPERTIES

52 $1,442,031,825 $897,227,496 6

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. Date pulled 7/13/2023.

PERCENTAGE OF LIST PRICE

98% 95% 87

SANDESTIN RESORT

AVERAGE PRICE PER SQUARE FOOT

202 $1,039,339 $567 158

MONTHS OF INVENTORY ON MARKET AT QUARTER END

2

4.8

127 $508 $824,141 397 $327,183,954 $209,946,387

OF LIST PRICE

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. Date pulled 7/13/2023.

NUMBER OF SALES Q1-Q2 2022 Q1-Q2 2023

AVERAGE SALES PRICE

AVERAGE PRICE PER SQUARE FOOT

PROPERTIES ON MARKET AT QUARTER END

7 $628 $2,932,767 20

Q1-Q2 2022 Q1-Q2 2023

Q1-Q2 2022 Q1-Q2 2023

MONTHS OF INVENTORY ON MARKET AT QUARTER END

118% -14% 72% 3% 3% 57% -5% -10%

47 $58,655,332 $50,361,225 4.3

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. Date pulled 7/13/2023.

18 $2,797,846 $648 11 Burnt Pine

AVERAGE DAYS ON MARKET OF SOLD PROPERTIES

PERCENTAGE OF LIST PRICE

FIRST HALF MARKET REVIEW BAYFRONT

DESTIN TO SOUTH WALTON

2023

AVERAGE SALES PRICE

AVERAGE PRICE PER SQUARE FOOT

PROPERTIES ON MARKET AT QUARTER END

55 $551 $1,593,659 100

72 $1,757,251 $573 66

MONTHS OF INVENTORY ON MARKET AT QUARTER END

OF

AVERAGE DAYS ON MARKET OF SOLD PROPERTIES

PERCENTAGE OF LIST PRICE

3.5

60 $159,365,863 $126,522,080 5.9

95% 92% 101

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. Date pulled 7/13/2023.

DESTIN & MIRAMAR GULF-FRONT

262

AVERAGE SALES PRICE

154 $685 $1,157,708

164 $1,130,714 $703 166

MONTHS OF INVENTORY ON MARKET AT QUARTER END

AVERAGE DAYS ON MARKET OF SOLD PROPERTIES

AVERAGE PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE

PROPERTIES ON MARKET AT QUARTER END

3.7

45 $303,319,532 $185,437,091 6.4

97% 95% 84

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. Date pulled 7/13/2023.

CARILLON BEACH

AVERAGE SALES PRICE

PROPERTIES ON MARKET AT QUARTER END

9 $630 $932,000 13

3.2 8%

14 $1,978,929 $892 13

MONTHS OF INVENTORY ON MARKET AT QUARTER END

AVERAGE DAYS ON MARKET OF SOLD PROPERTIES

48 $12,116,000 $27,705,000 6.8

101% 94% 104

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. Date pulled 7/13/2023.

Working to Exceed Our Customers’ Expectations in Navigating Prudent Real Estate Acquisitions

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.

Throughout Northwest Florida’s Gulf Coast, Coastal Luxury is proudly serving our clientele.