FIRST HALF 2024 MARKET REPORT FOR THE
COASTAL COMMUNITIES of Florida’s Gulf Coast
HOME TRENDS FOR THE POPULAR COMMUNITIES OF NORTHWEST FLORIDA’S GULF COAST
compliments of COASTAL LUXURY
FIRST HALF MARKET REVIEW
SCENIC HWY 30A CORRIDOR
NUMBER OF SALES
Q1-Q2 202 3
AVERAGE SALES PRICE
MONTHS OF INVENTORY ON MARKET AT QUARTER END
Q1-Q2 2023 7% $2,178,923 Q1-Q2 2024 VOLUME OFSALES -5% 635
Q1-Q2 202 3
AVERAGE PRICE PER SQUARE FOOT
PROPERTIES ON MARKET AT QUARTER END
Q1-Q2 2024 7.6 $1,361,037,572 Q1-Q2 2023 2% $1,383,615,882 Q1-Q2 2024 89 Q1-Q2 2023 29% 115 Q1-Q2 2024 96% Q1-Q2 202396% Q1-Q2 2024 $822
Q1-Q2 2023 6% $874
Q1-Q2 2024 $2,040,536
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES
PERCENTAGE OF LIST PRICE
Q1-Q2 2024 667 Scenic Hwy 30A Corridor 845 Q1-Q2 2023 47% 1,239
Q1-Q2 2024
FIRST HALF MARKET REVIEW
ROSEMARY
NUMBER OF SALES
16
Q1-Q2 2023 13%
AVERAGE SALES PRICE
MONTHS OF INVENTORY ON MARKET AT QUARTER END
Q1-Q2 2023 -26% $3,193,333 Q1-Q2 2024 VOLUME OFSALES
18 Q1-Q2 2024 47 Q1-Q2 2023 158% 122 Q1-Q2 2024
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES
PROPERTIES ON MARKET AT QUARTER END
21 Q1-Q2 2023 43% 30
Q1-Q2 2024
PERCENTAGEOF LISTPRICE
AVERAGE PRICE PER SQUARE FOOT 96% Q1-Q2 2023 -5% 91% Q1-Q2 2024 $69,043,000 Q1-Q2 2023 -17% $57,480,000 Q1-Q2 2024 6.8 Q1-Q2 2023 51% 10.3 Q1-Q2 2024 $1,620 Q1-Q2 2023 -14% $1,400 Q1-Q2 2024 $4,315,188
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 7/9/2024
Rosemary
ALYS BEACH
NUMBER OF SALES
MONTHS OF INVENTORY ON MARKET AT QUARTER END
3.5 Q1-Q2 2023
PROPERTIES ON MARKET AT QUARTER END AVERAGE SALES PRICE
$238,214,983 49 $1,961 32 $5,534,814 -12% $4,861,530
,896
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES AVERAGE PRICE PER SQUARE FOOT
Q1-Q2 2023 VOLUMEOF SALES 15 Q1-Q2 2023 127% 34 PERCENTAGEOF LISTPRICE Q1-Q2 202 4
Q1-Q2 202 4 Q1-Q2 202 4 Q1-Q2 202 4 Q1-Q2 202 4 Q1-Q2 202 4
5.4 Q1-Q2 2024 Q1-Q2 2023 26 Q1-Q2 2023
28 Q1-Q2 2024 Q1-Q2 2023 Q1-Q2 2023 Q1-Q2 2023
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 7/9/2024
WATERSOUND BEACH
NUMBER OF SALES
Q1-Q2 2023
$4,048,125 $1,287 $1,261 $4,370,563 16
PROPERTIES ON MARKET AT QUARTER END AVERAGE SALES PRICE AVERAGE DAYS ON MARKET OF SOLD PROPERTIES AVERAGE PRICE PER SQUARE FOOT
MONTHS OF INVENTORY ON MARKET AT QUARTER END 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 7/9/2024
Q1-Q2 2023
Q1-Q2 2023
Q1-Q2 2023
PERCENTAGE OF LIST PRICE
Q1-Q2 2023
NUMBER OF SALES
Q1-Q2 2023
Q1-Q2 2023 26
Q1-Q2 2024
PROPERTIES ON MARKET AT QUARTER END AVERAGE SALES PRICE
$3,469,283
Q1-Q2 2023
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES AVERAGE PRICE PER SQUARE FOOT
MONTHS OF INVENTORY ON MARKET AT QUARTER END 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 7/9/2024
Q1-Q2 2023
Q1-Q2 2023
95 $87,972,500 8.5 9.3 $1,092 44 $1,119 $3,383,558
Q1-Q2 2023
Q1-Q2 2023 Q1-Q2 2023 43 Q1-Q2 2024 PERCENTAGEOF LISTPRICE -2% -9%
VOLUMEOF SALES Q1-Q2 202 4 Q1-Q2 202 496% Q1-Q2 2024 Q1-Q2 202 4 Q1-Q2 202 4 Q1-Q2 202 4
96%
NUMBER OF SALES
PROPERTIES ON MARKET AT QUARTER END AVERAGE SALES PRICE
7 $3,005,174 $1,679 $2,410,500 6
MONTHS OF INVENTORY ON MARKET AT QUARTER END
VOLUMEOF SALES Q1-Q2 2023 Q1-Q2 2023
Q1-Q2 2023 7 Q1-Q2 2023 29% 9
6 7.6
Q1-Q2 2023
-2% $1,653 $21,036,220
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES
AVERAGE PRICE PER SQUARE FOOT 6% 99% 46 44 $14,463,000
Q1-Q2 2023 Q1-Q2 2023
2024 Q1-Q2 2024 Q1-Q2 2024 Q1-Q2 2024 Q1-Q2 2024 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 7/9/2024
2023
GRAYTON BEACH
NUMBER OF SALES
Q1-Q2 2023
MONTHS OF INVENTORY ON MARKET AT QUARTER END
AVERAGE SALES PRICE
AVERAGE PRICE PER SQUARE FOOT
PROPERTIES ON MARKET AT QUARTER END
$19,200,000 7.2 5 -43% $2,201,003 $1,209 11 6 $1,197 $3,840,000 5
Q1-Q2 2023
Q1-Q2 2023
Q1-Q2 2023
Q1-Q2 2023
VOLUMEOF SALES
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES
PERCENTAGE OF LIST PRICE
Q1-Q2 2023 Q1-Q2 2023
2024 Q1-Q2 2024 Q1-Q2 2024 Q1-Q2 2024 Q1-Q2 2024
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 7/9/2024
Beach
2023
30A GULF-FRONT
NUMBER OF SALES
AVERAGE SALES PRICE
AVERAGE PRICE PER SQUARE FOOT
PROPERTIES ON MARKET AT QUARTER END
Q1-Q2 2023
Q1-Q2 2023
Q1-Q2 2024 71 Q1-Q2 2023 34% 95 Q 1-Q2 2024
Q1-Q2 2023
$3,286,082 $1,415 $1,725 $4,173,931 60
MONTHS OF INVENTORY ON MARKET AT QUARTER END
Q1-Q2 2023
$190,592,772 10.2 7.3 58
Q1-Q2 2024 Q1-Q2 2024
VOLUMEOF SALES
$250,435,875
Q1-Q2 2023
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES
PERCENTAGE OF LIST PRICE -18%
Q1-Q2 2023
Q1-Q2 2023
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 7/9/2024
30A HIGH-END LUXURY $3M+
NUMBER OF SALES
AVERAGE SALES PRICE
AVERAGE PRICE PER SQUARE FOOT
PROPERTIES ON MARKET AT QUARTER END
Q1-Q2 2023
Q1-Q2 2023
MONTHS OF INVENTORY ON MARKET AT QUARTER END
VOLUMEOF SALES
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES
121 101 $663,054,542 $698,489,857 14.4 14.2 138 -5% $5,061,521$1,446 319 265 $1,444 $5,304,436 125
Q1-Q2 2023 Q1-Q2 2023 Q1-Q2 2024 Q1-Q2 2024 Q1-Q2 202496% Q1-Q2 2024 Q1-Q2 2024 Q1-Q2 2024 Q1-Q2 2024 Q1-Q2 2024
Q1-Q2 2023
PERCENTAGE OF LIST PRICE 5%
Q1-Q2 2023
Q1-Q2 2023 Q1-Q2 2023
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 7/9/2024
NUMBER OF SALES
AVERAGE SALES PRICE
Q1-Q2 2023
Q1-Q2 2023
Q1-Q2 2023
AVERAGE PRICE PER SQUARE FOOT 3%
PROPERTIES ON MARKET AT QUARTER END
395 $427,903 $216 234 213 $209 $449,500 395
Q1-Q2 2023
MONTHS OF INVENTORY ON MARKET AT QUARTER END
VOLUMEOF SALES
Q1-Q2 2024 Q1-Q2 2024
Q1-Q2 2024 Q1-Q2 2024 PERCENTAGE OF LIST PRICE -5% -7% 10% 19%
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES
109 $177,552,687
Q1-Q2 2023
3.8 3.2
Q1-Q2 2024 99% Q1-Q2 202398% Q1-Q2 2024
Q1-Q2 2023
Q1-Q2 2023
Q1-Q2 2024 -5% $169,021,829
Q1-Q2 2024
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 7/9/2024
101
FREEPORT BAYFRONT
NUMBER OF SALES
9 Q1-Q2 2023 -22%
AVERAGE SALES PRICE
AVERAGE PRICE PER SQUARE FOOT
PROPERTIES ON MARKET AT QUARTER END
MONTHS OF INVENTORY ON MARKET AT QUARTER END
Q1-Q2 2024 Q1-Q2 2024
7 Q1-Q2 2024 10 Q1-Q2 2024 PERCENTAGE OF LIST PRICE
Q1-Q2 2023 Q1-Q2 2023 Q1-Q2 2023 Q1-Q2 2023 9 Q1-Q2 2023
7.1 4.3 $1,089,307 $515 $324 $863,055
VOLUMEOF SALES Q1-Q2 2023
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES
108 140
Q1-Q2 2024 $7,767,499 Q1-Q2 2023 -2% $7,625,150
96%
Q1-Q2 2024 95% Q1-Q2 2024
Q1-Q2 2024
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 7/9/2024
FIRST HALF MARKET REVIEW
DESTIN & MIRAMAR BEACH
NUMBER OF SALES
Q1-Q2 2023
AVERAGE SALES PRICE
AVERAGE PRICE PER SQUARE FOOT
PROPERTIES ON MARKET AT QUARTER END
Q1-Q2 2023 $930,327 Q1-Q2 2023 -1% $923,193
Q1-Q2 2024 Q1-Q2 2024 Q1-Q2 2024 990 Q1-Q2 2023 43% 1,419 Q 1-Q2 2024
MONTHS OF INVENTORY ON MARKET AT QUARTER END
VOLUMEOF SALES
$903,347,396
Q1-Q2 2023
Q1-Q2 2024
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES
PERCENTAGEOF LISTPRICE
Q1-Q2 2023 Q1-Q2 2024 Q1-Q2 2024
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 7/9/2024
$685,932,581 11.5 6.4 743 $500 $508 971 Overall Destin & Miramar Beach
Q1-Q2 2023
2023
SANDESTIN RESORT
NUMBER OF SALES
AVERAGE SALES PRICE
Q1-Q2 2023
Q1-Q2 2023
$953,873
AVERAGE PRICE PER SQUARE FOOT
PROPERTIES ON MARKET AT QUARTER END
MONTHS OF INVENTORY ON MARKET AT QUARTER END
Q1-Q2 2023
12 5 163 $532 $567 202
Q1-Q2 2023
Q1-Q2 2024 165
Q1-Q2 2024 $1,039,339
Q1-Q2 2024
Q1-Q2 2023 81% 298
Q1-Q2 2024
VOLUMEOF SALES
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES
PERCENTAGEOF LISTPRICE
$209,946,387
Q1-Q2 2023 -26% $155,481,322
Q1-Q2 2023
Q1-Q2 2024 95%
Q1-Q2 2024
Q1-Q2 2024
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 7/9/2024
Q1-Q2 2023
9
% Q 1-Q2 2024
BURNT PINE
NUMBER OF SALES
AVERAGE SALES PRICE
AVERAGE PRICE PER SQUARE FOOT
PROPERTIES ON MARKET AT QUARTER END
Q1-Q2 2023 15 Q1-Q2 2023
MONTHS OF INVENTORY ON MARKET AT QUARTER END
Q1-Q2 2023
116 24 $50,361,225 6.2 5.8 13 $662 $648 18
Q1-Q2 2023
Q1-Q2 2024 15 Q1-Q2 202 4
Q1-Q2 2024 $2,797,846 Q1-Q2 2023 -6% $2,630,769 Q1-Q2 2024
VOLUMEOF SALES
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES
PERCENTAGE OF LIST PRICE
Q1-Q2 2024 9
$34,200,000
Q1-Q2 2024
Q1-Q2 2023
Q1-Q2 2024 Q1-Q2 202 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 7/9/2024
Q1-Q2 2023
Q1-Q2 2024
BAYFRONT
DESTIN TO SOUTH WALTON
NUMBER OF SALES
Q1-Q2 2023
AVERAGE SALES PRICE
AVERAGE PRICE PER SQUARE FOOT
PROPERTIES ON MARKET AT QUARTER END
Q1-Q2 2023 $1,787,289 Q1-Q2 2023 2% $1,820,271
Q1-Q2 2024 67 Q1-Q2 2023 48% 99 Q1-Q2 2024
Q1-Q2 2024 Q1-Q2 2024
MONTHS OF INVENTORY ON MARKET AT QUARTER END
VOLUMEOF SALES
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES
PERCENTAGE OF LIST PRICE
Q1-Q2 2023 Q1-Q2 202 3
Q1-Q2 2023 Q1-Q2 2024 Q1-Q2 2024 Q1-Q2 2024
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 7/9/2024
DESTIN & MIRAMAR GULF FRONT
NUMBER OF SALES
Q1-Q2 2023
AVERAGE SALES PRICE
AVERAGE PRICE PER SQUARE FOOT
PROPERTIES ON MARKET AT QUARTER END
MONTHS OF INVENTORY ON MARKET AT QUARTER END
26,760,200 13.4 6.6 125 -10% $1,014,082 $704 $703 $1,130,714 164
Q1-Q2 2023 Q1-Q2 2023
Q1-Q2 2024 Q1-Q2 2024 Q1-Q2 2024 171 Q1-Q2 2023 60% 274
VOLUMEOF SALES
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES
Q1-Q2 2024
PERCENTAGEOF LISTPRICE
Q1-Q2 2023
Q1-Q2 2023
Q1-Q2 2024
Q1-Q2 2023 Q1-Q2 2024 Q1-Q2 2024
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 7/9/2024
CARILLON BEACH
NUMBER OF SALES
AVERAGE SALES PRICE
AVERAGE PRICE PER SQUARE FOOT
PROPERTIES ON MARKET AT QUARTER END
Q1-Q2 2023 -21% 11
MONTHS OF INVENTORY ON MARKET AT QUARTER END
Q1-Q2 2023 -17% $1,643,818 Q1-Q2 2024 VOLUMEOF SALES 14
Q1-Q2 202 3 81% 13.2
Q1-Q2 2024 $1,978,929
Q1-Q2 2024 14 Q1-Q2 2023 57% 22 Q1-Q2 2024
AVERAGE DAYS ON MARKET OF SOLD PROPERTIES
PERCENTAGE OF LIST PRICE
-25% 58 $668 $892 Q1-Q2 2023 Q1-Q2 2023 26% 72 Q1-Q2 2024 $27,705,000 Q1-Q2 202 3 -35% $18,082,000 Q1-Q2 2024 7.3
Q1-Q2 2024
Q1-Q2 2024 94% Q1-Q2 2023 -3% 92%
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 7/9/2024
Throughout
