COASTAL COMMUNITIES of
FIRST QUARTER 2023 MARKET REPORT FOR THE
TRENDS FOR THE POPULAR COMMUNITIES OF NORTHWEST FLORIDA’S GULF
of COASTAL LUXURY
HOME
COAST compliments
Florida’s Gulf Coast
CONTENTS OVERALL 30A SCENIC CORRIDOR ....4 ROSEMARY ....6 ALYS BEACH ....8 WATERSOUND BEACH ....10 WATERCOLOR ....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
SCENIC HWY 30A CORRIDOR
2023 FIRST
MARKET
QUARTER
REVIEW
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES
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 4/3/2323.
PG. 5 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2023 VOLUME OF SALES NUMBER OF SALES Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 MONTHS OF INVENTORY ON MARKET AT QUARTER END
PROPERTIES ON
AT QUARTER END
MARKET
AVERAGE SALES PRICE
FOOT PERCENTAGE OF LIST PRICE -47% 241 4.5 350% 1 $579,621,919 -44% $1,028,231,819 77% -3% 48 85 95% 98% 649 $808 13% $716 $1,832,855 6% $1,951,589 297 561 Scenic Hwy 30A Corridor 169%
AVERAGE PRICE PER SQUARE
2023 FIRST QUARTER MARKET REVIEW
ROSEMARY
PROPERTIES
5 $3,210,800 $1,614 18
0.5
AVERAGE PRICE PER SQUARE FOOT 6
78 $92,041,000 $16,054,000
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 4/3/2323.
-23% Rosemary
LIST
PG. 7 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2023 VOLUME OF SALES NUMBER OF SALES Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 MONTHS OF
ON MARKET AT QUARTER END
INVENTORY
ON MARKET AT QUARTER END AVERAGE SALES PRICE
PERCENTAGE OF
PRICE 1100% -83% -3% 200% 32% -20% -78%
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES
98% 95% 60
6 $1,221 $4,001,783 23
2023 FIRST QUARTER MARKET REVIEW
ALYS BEACH
AVERAGE SALES PRICE
17
PROPERTIES ON MARKET AT QUARTER END
2,229 16
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES
3 $26,710,827 $97,650,265
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 4/3/2323.
PG. 9 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2023
OF SALES Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023
AT QUARTER END
VOLUME OF SALES NUMBER
MONTHS OF INVENTORY ON MARKET
266% 1,267% 433% 183%
AVERAGE PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE 1.1 0.8
102% 100% 41
$5,744,133
6 29% Alys Beach -2% 69% 38%
3 $1,316 $4,451,805
WATERSOUND BEACH
2023 FIRST QUARTER MARKET REVIEW
AVERAGE 36% 63% -69%
PRICE PER SQUARE FOOT
PROPERTIES
2 $1,002 $3,308,750 16
0.4
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. Date pulled 4/3/2323.
5 $5,385,000 $1,362 12 500% WaterSound Beach
98%
PG. 11 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2023 VOLUME OF SALES NUMBER OF SALES Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 MONTHS OF
ON MARKET AT QUARTER END
INVENTORY
ON MARKET AT QUARTER END AVERAGE SALES PRICE
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES PERCENTAGE OF LIST PRICE -100% -49% 185% -3%
95% 171
60 $52,940,000 $26,925,000 0
FIRST
2023
QUARTER MARKET REVIEW WATERCOLOR
AVERAGE SALES PRICE
AVERAGE PRICE PER SQUARE FOOT
PROPERTIES ON MARKET AT QUARTER END
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES
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 4/3/2323.
PG. 13 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2023
NUMBER OF SALES Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 MONTHS OF
ON MARKET AT QUARTER END
VOLUME OF SALES
INVENTORY
PERCENTAGE
157%
627% 167% -3% -1% -63%
8 1.1 9
32
24 -61% 3% Watercolor
OF LIST PRICE
$3,303,056 $29,727,500
98% 97% 113 44 $76,893,800
$1,045
12 $1,073 $3,203,908
FIRST QUARTER MARKET REVIEW SEASIDE
2023
AVERAGE SALES PRICE
PROPERTIES ON MARKET AT QUARTER END
4 $2,005 $3,512,500
1
$2,510,000
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 4/3/2323.
2
4 -50% -100%
100% 2 4 Seaside
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES
PG. 15 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2023
OF SALES Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023
AT QUARTER END
VOLUME OF SALES NUMBER
MONTHS OF INVENTORY ON MARKET
-82% -29% -75%
AVERAGE PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE $903
100%
11 $14,050,000 $2,510,000 0 -55% -82%
GRAYTON BEACH
2023 FIRST QUARTER MARKET REVIEW
AVERAGE SALES PRICE
AVERAGE PRICE PER SQUARE FOOT
PROPERTIES ON MARKET AT QUARTER END
2 $818 $2,152,000 5
3 $2,033,333 $1,126 3
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES
37 $10,759,999 $6,100,000 1
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. Date pulled 4/3/2323.
85% 105
PG. 17 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2023
OF SALES
OF SALES Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023
OF
MARKET AT QUARTER END
VOLUME
NUMBER
MONTHS
INVENTORY ON
PERCENTAGE
184% -9% 38% -6% -40%
OF LIST PRICE
93%
-43% 50% Grayton Beach
30A GULF-FRONT
2023 FIRST QUARTER MARKET REVIEW
AVERAGE SALES PRICE
AVERAGE PRICE PER SQUARE FOOT
PROPERTIES ON MARKET AT QUARTER END
19 $1,365 $4,532,917 42
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES
43 $190,382,500 $114,518,704 4.8
1.1
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. Date pulled 4/3/2323.
98% 92% 74
PG. 19 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2023
NUMBER OF SALES Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 MONTHS OF
ON MARKET AT QUARTER END
VOLUME OF SALES
INVENTORY
PERCENTAGE OF
PRICE 336% -40% -6% 72% 200% 32% 5% -43%
LIST
24 $4,771,613 $1,796 57 30A Gulf-Front
30A HIGH-END LUXURY $3M+
2023 FIRST QUARTER MARKET REVIEW
72 $1,176 $4,999,845 93
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES
$464,985,626 $273,515,531 9.6
1.7
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 4/3/2323.
94% 96
PG. 21 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2023 VOLUME OF SALES NUMBER OF SALES Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 MONTHS OF INVENTORY ON MARKET AT QUARTER END
PROPERTIES ON MARKET AT QUARTER
SALES PRICE
END AVERAGE
PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE 465% -41% -4% 92% 192% 38% 12% -47% 98%
50
AVERAGE
49 $5,581,950 $1,617 210 30A High-End Luxury $3M+
2023 FIRST QUARTER MARKET REVIEW
FREEPORT
OF SOLD PROPERTIES
$71,786,135
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 4/3/2323.
PG. 23 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2023 VOLUME OF SALES NUMBER OF SALES Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 MONTHS OF INVENTORY ON MARKET AT QUARTER END
PROPERTIES ON MARKET AT QUARTER END AVERAGE SALES PRICE
AVERAGE PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE 79% -23% -1% 197% 79% 3% 99%
37
1.4 170 $422,271 $199 208 116 $193
Freeport -23%
AVERAGE DAYS ON MARKET
98% 110
$93,195,611
2.5
$421,700 221
FREEPORT BAYFRONT
2023 FIRST QUARTER MARKET REVIEW
AVERAGE SALES PRICE
9
AVERAGE PRICE PER SQUARE FOOT
PROPERTIES ON MARKET AT QUARTER END
9 $351 $1,107,333
1 $1,500,000 $166 9
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES
96 $9,966,000 $1,500,000 0
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 4/3/2323.
94% 94% 365
PG. 25 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2023
SALES NUMBER OF SALES Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 MONTHS OF
ON MARKET AT QUARTER END
VOLUME OF
INVENTORY
PERCENTAGE
-100% -85% 280% -53% 35%
OF LIST PRICE
Freeport Bayfront -89%
DESTIN & MIRAMAR BEACH
2023 FIRST QUARTER MARKET REVIEW
819
436 $462 $805,246
440 $971,896 $524 843
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES
50 $659,496,552 $427,634,391 4.1
1.3
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 4/3/2323.
95% 87
PG. 27 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2023 VOLUME OF SALES NUMBER OF SALES Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 MONTHS OF INVENTORY ON MARKET AT QUARTER END
PROPERTIES ON MARKET AT QUARTER END
SALES PRICE
AVERAGE
PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE 215% -35% 74% -3% 93% 13% 21% -46%
AVERAGE
98%
Overall Destin & Miramar Beach
SANDESTIN RESORT
2023 FIRST
MARKET
QUARTER
REVIEW
$1,180,577
$797,942 207 $165,173,931 $110,974,225
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES
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 4/3/2323.
PG. 29 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2023 VOLUME OF SALES NUMBER OF SALES Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 MONTHS OF INVENTORY ON MARKET AT QUARTER END
PROPERTIES ON MARKET AT QUARTER END AVERAGE SALES PRICE
AVERAGE PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE 250% -33% -1% 33% 89% 22% 48% -55% 96% 95% 69 52
94
$608 132 70
Sandestin Resort
2.8 0.8
$497
2023 FIRST QUARTER MARKET REVIEW
BURNT PINE
AVERAGE SALES PRICE
AVERAGE PRICE PER SQUARE FOOT
PROPERTIES ON MARKET AT QUARTER END
6 $676 $3,511,500 10
12 $2,596,352 $627
6
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES
77 $35,115,000 $31,156,225 0.9
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. Date pulled 4/3/2323.
89% 94% 85
PG. 31 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2023
SALES NUMBER OF SALES Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 MONTHS OF
ON MARKET AT QUARTER END
VOLUME OF
INVENTORY
-10% -11% 10% 6% -7% -26% 20%
PERCENTAGE OF LIST PRICE
Burnt Pine
DESTIN TO SOUTH WALTON
2023 FIRST QUARTER MARKET REVIEW BAYFRONT
$1,360,680
$76,198,060 $47,292,380 4.5
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 4/3/2323.
PG. 33 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2023 VOLUME OF SALES NUMBER OF SALES Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 MONTHS OF INVENTORY ON MARKET AT QUARTER END
PROPERTIES ON MARKET AT QUARTER END AVERAGE SALES PRICE AVERAGE DAYS ON
PROPERTIES AVERAGE PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE -45% 200% -38% 1% 30% 89% 12% 93%
57
1.5 31
$571 72 38 $527
56 Bayfront Destin to South Walton 8%
MARKET OF SOLD
94% 74
$1,525,561
DESTIN & MIRAMAR GULF-FRONT
2023 FIRST QUARTER MARKET REVIEW
AVERAGE -32%
82
$1,228,637
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES
63 $121,438,615 $100,748,204 4.5
PG. 35 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2023 VOLUME OF SALES NUMBER OF SALES Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 MONTHS OF INVENTORY ON MARKET AT QUARTER END
PROPERTIES ON MARKET AT QUARTER END
SALES PRICE
AVERAGE PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE 105% -17% 32% -3% 38% 12% 21% 98%
2.2
$716 143 104
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 4/3/2323. Destin & Miramar Gulf-front
95% 83
$638 $1,011,988 120
CARILLON BEACH
2023 FIRST QUARTER MARKET REVIEW
9
-22%
PRICE PER SQUARE FOOT 25% 40% 65%
7 $1,706,429
$881
10
AVERAGE 25% 28% 191% -8%
32 $9,300,000 $11,945,000 5
100% 92% 93
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 4/3/2323.
PG. 37 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2023 VOLUME OF SALES NUMBER OF SALES Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 Q1 2022 Q1 2023 MONTHS OF INVENTORY ON MARKET AT QUARTER END
ON
PROPERTIES
MARKET AT QUARTER END AVERAGE SALES PRICE
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES PERCENTAGE OF LIST PRICE Carillon Beach
4
8 $630 $1,033,333
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.
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