Year-End 2023 Market Report by Coastal Luxury

YEAR-END 2023 MARKET REPORT FOR THE

COASTAL COMMUNITIES NUMBER OF SALES

of Florida’s Gulf Coast AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Y E A R - E N D

$1,986,035

$620

2 0 2 1

24%

$1,884,949

$610

2 0 2 2

MONTHS OF INVENTORY O N M A R K E T AT Y E A R E N D

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

148

96% 2 0 2 1

12 2 0 2 1

2 0 2 1

29%

22%

9.3

$92,362,625

190

95%

2 0 2 2

HOME TRENDS FOR THE POPULAR COMMUNITIES OF N Ofrom R T FLEX H WMLS E Sfor T combined F L O Rresidential I D A’ S properties GULF COAST Statistics according to data gathered

A Review Cof the Scenic Highway 30A Home Market O M P L I M E N T S O F C O A S TA L L U X U R Y

(detached homes, attached units, and condos). Excludes land. Deemed reliable but not guaranteed.

De t ac h e d H o m es, A t tached U nits, and C ondos YEAR-END 2022

White Glove Service and Strategic Targeted Marketing

If you are looking to successfully sell your luxury property this season, we would love to hear from you and be your resource!

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 competition, has proven successful and rewarding. Allow us to provide you this successful approach for your real estate goals.

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.

CoastalLuxury.com

CON T E N TS OVERALL 30A SCENIC CORRIDOR . . . . 4 ROSEMARY . . . . 6 ALYS BEACH . . . . 8 WATERSOUND BEACH . . . . 1 0 WATERCOLOR BEACH . . . . 1 2 SEASIDE . . . . 1 4 GRAYTON BEACH . . . . 1 6 30A GULF-FRONT . . . . 1 8 30A HIGH-END LUXURY $3M+ . . . . 2 0 FREEPORT . . . . 2 2 FREEPORT BAYFRONT . . . . 2 4 OVERALL DESTIN & MIRAMAR BEACH . . . . 2 6 SANDESTIN . . . . 2 8 BURNT PINE . . . . 3 0 BAYFRONT DESTIN TO SOUTH WALTON . . . . 3 2 DESTIN & MIRAMAR GULF-FRONT . . . . 3 4 CARILLON BEACH . . . . 3 6 PG. 2

A Review of the Greater Destin to 30A Home Market D e t ac h e d H o m e s, A t tached U nits, and C ondos

YEAR END 2017

YEAR-END MARKET REVIEW

SCENIC HWY 30A CORRIDOR 2023

PG. 4

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Y E A R - E N D

1,781

$1,959,493

$775

652

2 0 2 2

-27%

36%

1,304

$2,070,578

$838

886

2 0 2 2

2 0 2 3

MONTHS OF INVENTORY O N M A R K E T AT Y E A R E N D

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

4.4

$3,489,856,812

97%

2 0 2 2

86%

-23%

116%

-2%

8.2

$2,700,033,577

96%

2 0 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.

Scenic Hwy 30A Corridor

YEAR-END 2023

YEAR END 2017

YEAR-END MARKET REVIEW

ROSEMARY 2023

PG. 6

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Y E A R - E N D

$4,855,233

$1,389

2 0 2 2

-51%

-11%

19%

67%

$4,331,455

$1,656

2 0 2 3

MONTHS OF INVENTORY O N M A R K E T AT Y E A R E N D

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

2.7

$325,300,600

97%

2 0 2 2

238%

-56%

52%

-2%

9.1

$142,938,000

95%

2 0 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.

Rosemary

YEAR-END 2023

YEAR END 2017

YEAR-END MARKET REVIEW

ALYS BEACH 2023

PG. 8

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Y E A R - E N D

$5,887,308

$1,734

2 0 2 2

38%

-3%

10%

80%

$5,702,373

$1,910

2 0 2 3

MONTHS OF INVENTORY O N M A R K E T AT Y E A R E N D

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

99%

2 0 2 2

30%

34%

151%

3.7

$330,737,605

99%

2 0 2 3

2.9 2 0 2 2

$247,266,927

2 0 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.

Alys Beach

YEAR-END 2023

YEAR END 2017

YEAR-END MARKET REVIEW

WATERSOUND BEACH 2023

PG. 10

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Y E A R - E N D

$3,850,986

$1,160

2 0 2 2

-3%

11%

18%

-38%

$4,293,722

$1,374

2 0 2 3

MONTHS OF INVENTORY O N M A R K E T AT Y E A R E N D

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

6.8

$142,486,500

99%

2 0 2 2

-36%

189%

-4%

4.3

$154,574,000

108

95%

2 0 2 3

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.

Watersound Beach

YEAR-END 2023

YEAR END 2017

YEAR-END MARKET REVIEW

WATERCOLOR 2023

PG. 12

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Y E A R - E N D

$3,348,100

$1,127

2 0 2 2

-31%

-2%

43%

$3,508,202

$1,101

2 0 2 3

MONTHS OF INVENTORY O N M A R K E T AT Y E A R E N D

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

98%

4.0

$277,892,286

2 0 2 2

108%

-28%

159%

-2%

8.4

$199,967,500

100

95%

2 0 2 3

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.

Watercolor

YEAR-END 2023

YEAR END 2017

YEAR-END MARKET REVIEW

SEASIDE 2023

PG. 14

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Y E A R - E N D

$3,161,433

$1,604

2 0 2 2

13%

20%

27%

$3,789,000

$2,043

2 0 2 3

MONTHS OF INVENTORY O N M A R K E T AT Y E A R E N D

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

97%

2 0 2 2

-12%

36%

75%

3.5

$64,413,000

97%

2 0 2 3

4.0 2 0 2 2

$47,421,500

2 0 2 3

1 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.

Seaside

YEAR-END 2023

YEAR END 2017

YEAR-END MARKET REVIEW

GRAYTON BEACH 2023

PG. 16

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Y E A R - E N D

$2,933,094

$999

2 0 2 2

-50%

25%

44%

150%

$3,678,125

$1,440

2 0 2 3

MONTHS OF INVENTORY O N M A R K E T AT Y E A R E N D

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

$46,929,502

96%

2 0 2 2

400%

-37%

153%

-2%

$29,425,000

113

93%

2 0 2 3

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.

Grayton Beach

YEAR-END 2023

YEAR END 2017

YEAR-END MARKET REVIEW

30A GULF-FRONT 2023

PG. 18

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Y E A R - E N D

133

$4,554,192

$1,509

2 0 2 2

-14%

-11%

12%

26%

114

$4,033,666

$1,697

2 0 2 3

MONTHS OF INVENTORY O N M A R K E T AT Y E A R E N D

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

5.1

$605,707,600

97%

2 0 2 2

47%

-24%

113%

-2%

7.6

$459,837,875

94%

2 0 2 3

1 9

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.

30A Gulf-Front

YEAR-END 2023

YEAR END 2017

YEAR-END MARKET REVIEW

30A HIGH-END LUXURY $3M+ 2023

PG. 20

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Y E A R - E N D

307

$5,392,130

$1,257

177

2 0 2 2

-18%

-3%

15%

40%

251

$5,254,439

$1,444

248

2 0 2 3

MONTHS OF INVENTORY O N M A R K E T AT Y E A R E N D

VOLUME OF SALES

AVERAGE DAYS ON MARKET OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

6.9

$1,655,383,910

97%

2 0 2 2

71%

-20%

158%

-2%

115

96%

2 0 2 3

11.9 2 0 2 3

$1,318,864,308 2 0 2 3

2 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.

30A High-End Luxury $3M+

YEAR-END 2023

YEAR END 2017

YEAR-END MARKET REVIEW

FREEPORT 2023

PG. 22

This exclusive residence currently offered for sale: 60 Deer Lake Beach Dr. www.coastalluxury.com/listings/60-deer-lake-beach-drive

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Y E A R - E N D

832

$455,680

$203

282

2 0 2 2

-13%

-3%

-5%

728

$442,555

$213

268

2 0 2 3

MONTHS OF INVENTORY O N M A R K E T AT Y E A R E N D

VOLUME OF SALES

AVERAGE DAYS ON MARKET OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

$379,125,853

99%

2 0 2 2

-15%

152%

-1%

4.4

$322,179,931

106

98%

2 0 2 3

4.1

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.

Freeport

YEAR-END 2023

YEAR END 2017

YEAR-END MARKET REVIEW

FREEPORT BAYFRONT 2023

PG. 24

This exclusive residence currently offered for sale: 60 Deer Lake Beach Dr. www.coastalluxury.com/listings/60-deer-lake-beach-drive

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Y E A R - E N D

$952,200

$388

2 0 2 2

-42%

-1%

-7%

-15%

$944,553

$361

2 0 2 3

MONTHS OF INVENTORY O N M A R K E T AT Y E A R E N D

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

4.7

$31,422,605

95%

2 0 2 2

47%

-43%

36%

-2%

6.9

$17,946,499

102

93%

2 0 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.

Freeport BAYFRONT

YEAR-END 2023

YEAR END 2017

YEAR-END MARKET REVIEW

DESTIN & MIRAMAR BEACH 2023

PG. 26

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Y E A R - E N D

2,537

$884,931

$492

976

2 0 2 2

-33%

18%

1,709

$944,316

$510

1,148

2 0 2 3

MONTHS OF INVENTORY O N M A R K E T AT Y E A R E N D

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

4.6

$2,245,070,404

97%

2 0 2 2

75%

-28%

96%

-2%

8.1

$1,613,836,353

95%

2 0 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.

Overall Destin & Miramar

YEAR-END 2023

YEAR END 2017

YEAR-END MARKET REVIEW

SANDESTIN RESORT 2023

PG. 28

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Y E A R - E N D

589

$870,758

$508

175

2 0 2 2

-43%

21%

11%

41%

337

$1,053,689

$564

247

2 0 2 3

MONTHS OF INVENTORY O N M A R K E T AT Y E A R E N D

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

3.6

$512,876,379

96%

2 0 2 2

147%

-31%

94%

-2%

8.8

$355,093,163

95%

2 0 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.

Sandestin Resort

YEAR-END 2023

YEAR END 2017

YEAR-END MARKET REVIEW

BURNT PINE 2023

PG. 30

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Y E A R - E N D

$2,888,525

$628

2 0 2 2

60%

$2,941,213

$685

2 0 2 3

MONTHS OF INVENTORY O N M A R K E T AT Y E A R E N D

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

93%

2 0 2 2

91%

94%

2 0 2 3

3.6 2 0 2 2

55%

5.6 2 0 2 3

$95,321,332

$100,001,225 2 0 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.

Burnt Pine

YEAR-END 2023

YEAR END 2017

YEAR-END MARKET REVIEW

BAYFRONT

DESTIN TO SOUTH WALTON 2023

PG. 32

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Y E A R - E N D

162

$1,602,661

$551

2 0 2 2

-27%

35%

118

$1,729,859

$569

2 0 2 3

MONTHS OF INVENTORY O N M A R K E T AT Y E A R E N D

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

4.7

$259,631,018

95%

2 0 2 2

85%

-21%

70%

-3%

8.6

$204,123,358

106

93%

2 0 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.

Bay Front, Destin to South Walton

YEAR-END 2023

YEAR END 2017

YEAR-END MARKET REVIEW

DESTIN & MIRAMAR GULF-FRONT 2023

PG. 34

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Y E A R - E N D

410

$1,162,715

$685

174

2 0 2 2

-31%

18%

284

$1,203,918

$712

205

2 0 2 3

MONTHS OF INVENTORY O N M A R K E T AT Y E A R E N D

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

97%

2 0 2 2

5.1

$476,713,332

2 0 2 2

70%

-28%

101%

-3%

8.7

$341,912,665

94%

2 0 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.

Destin & Miramar Gulf-front

YEAR-END 2023

YEAR END 2017

YEAR-END MARKET REVIEW

CARILLON BEACH 2023

PG. 36

This exclusive residence currently offered for sale: 60 Deer Lake Beach Dr. www.coastalluxury.com/listings/60-deer-lake-beach-drive

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Y E A R - E N D

$1,002,906

$630

2 0 2 2

83%

32%

83%

$1,840,304

$830

2 0 2 3

MONTHS OF INVENTORY O N M A R K E T AT Y E A R E N D

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

100%

6.5

$22,063,925

2 0 2 2

75%

92%

233%

-6%

11.5

$42,327,000

113

94%

2 0 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.

Carillon Beach

YEAR-END 2023

Working to Exceed our Customers’ Expectations in Navigating Prudent Real Estate Acquisitions Throughout Northwest Florida’s Gulf Coast, Coastal Luxury is proudly serving our clientele.

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