FIRST QUARTER 2021 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
CON T EN TS OVERALL 30A SCENIC CORRIDOR . . . . 5 WATERSOUND BEACH . . . . 7 WATERCOLOR . . . . 9 ROSEMARY . . . . 11 SEASIDE . . . . 13 ALYS BEACH . . . . 15 GRAYTON BEACH . . . . 1 7 30A GULF-FRONT . . . . 1 9 30A HIGH-END LUXURY $3M+ . . . . 2 1 CARILLON BEACH . . . . 2 3 DESTIN & MIRAMAR BEACH . . . . 2 5 SANDESTIN RESORT . . . . 2 7 BURNT PINE . . . . 2 9 BAYFRONT DESTIN TO SOUTH WALTON . . . . 3 1 DESTIN, MIRAMAR BEACH GULF-FRONT . . . . 3 3
Feature Your Home All listings of our brokerage receive complimentary features in COASTAL LUXURY MAGAZINE which is direct mailed to high-net worth, out of area target markets, and distributed along 30A in prominent locales.
List now for inclusion in this season’s marketing!
Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos). Excludes land. Months of inventory is based on the monthly average of a full year. Deemed reliable but not guaranteed.
Warm Spring Beach Days and an Even Hotter Market! We have just wrapped up the first quar-ter with what has proven to be the stron-gest sales quarter we have ever experi-enced in our local coastal home market. Historically, our secondary vacation home market experiences seasonal sales strength in the spring and summer months, with the first quarter often recording the lowest sale trends and the second and third quarter far higher. This year’s first quarter has broken through all historical norms as you will see in reviewing this report. The volume of sales and average sales prices across all of the popular coastal areas and planned communities increased by staggering percentages. With inventory surprisingly scarce, the number of sales is all the more impressive. Buyer demand remains high and newly listed properties are selling swiftly.
Our team of sales professionals here at COASTAL LUXURY have been fortu-nate to represent the marketing and sales of some truly exquisite coastal homes. We continue to enjoy serving Sellers in assessing the highest opportu-nity in the marketplace as well as matching Buyers up with the best fit for a beach home. We invite you to flip through the pages for a look at the home market trends for the first quarter of 2021. If you would like additional, more detailed, insight relevant to your specific real estate needs, we hope you will reach out to us and allow us to be a resource to you. Warmly from the beach,
Erin
Erin Oden is the principal broker and owner of COASTAL LUXURY, a real estate firm that maintains a strong emphasis on intimate market knowledge and expertise in the luxury and Gulf-front market. Erin can be reached at 850.502.1220 or erin@coastalluxury.com. Or stop by COASTAL LUXURY, located directly on 30A, the first office east of Alys Beach. Search all available properties at CoastalLuxury.com/SEARCH.
MARKET REPORT FOR
SCENIC HWY 30A CORRIDOR First Quarter 2021
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 Q U A R T E R E N D
373
$1,069,849
$462
1033
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
+73%
+43%
+27%
-81%
644
$1,528,364
$587
194
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
MONTHS OF INVENTORY
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
7.6
$399,053,807
138
96%
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
-89%
+147%
-37%
+1%
0.9
$984,266,685
87
97%
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 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.
SCENIC HWY 30A CORRIDOR
PG. 5 Q1 2021
MARKET REPORT FOR
WATERSOUND BEACH First Quarter 2021
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 Q U A R T E R E N D
14
$2,247,264
$687
42
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
+50%
+31%
+27%
-95%
21
$2,945,218
$871
2
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
MONTHS OF INVENTORY
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
11.5
$31,461,700
308
94%
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
-98%
+97%
-77%
+2%
0.2
$61,849,575
70
96%
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 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.
WATERSOUND BEACH
PG. 7 Q1 2021
MARKET REPORT FOR
WATERCOLOR First Quarter 2021
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 Q U A R T E R E N D
20
$2,007,475
$640
55
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
+145%
+4%
+11%
-821%
49
$2,079,067
$712
10
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
MONTHS OF INVENTORY
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
6.6
$40,149,500
138
96%
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
-90%
+154%
-67%
+3%
0.9
$101,874,300
45
99%
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 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.
WATERCOLOR
PG. 9 Q1 2021
MARKET REPORT FOR
ROSEMARY BEACH First Quarter 2021
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 Q U A R T E R E N D
14
$1,705,714
$729
61
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
+136%
+86%
+38%
-69%
33
$3,172,303
$1,002
19
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
MONTHS OF INVENTORY
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
13.1
$23,880,000
238
94%
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
-81%
+338%
+29%
+1%
2.4
$104,686,000
306
95%
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 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.
ROSEMARY BEACH
PG. 11 Q1 2021
MARKET REPORT FOR
SEASIDE
First Quarter 2021
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 Q U A R T E R E N D
4
$2,009,164
$1,325
20
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
+150%
+48%
+25%
-60%
10
$2,964,500
$1,661
8
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
MONTHS OF INVENTORY
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
9.6
$8,036,655
328
94%
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
-73%
+269%
-75%
+4%
2.6
$29,645,000
81
98%
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 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.
SEASIDE
PG. 13 Q1 2021
MARKET REPORT FOR
ALYS BEACH First Quarter 2021
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 Q U A R T E R E N D
11
$3,289,157
$1,098
22
Q 1
2 0 2 0
Q 1
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
+9%
+61%
+26%
-73%
12
$5,299,906
$1,381
6
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
MONTHS OF INVENTORY
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
5.4
$36,180,726
102
98%
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
-83%
+76%
-44%
-1%
0.9
$63,598,876
57
98%
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 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.
ALYS BEACH
PG. 14 Q1 2021
MARKET REPORT FOR
GRAYTON BEACH First Quarter 2021
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 Q U A R T E R E N D
4
$1,175,125
$559
25
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
+175%
+88%
+26%
-88%
11
$2,210,048
$702
3
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
MONTHS OF INVENTORY
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
25
$4,700,500
168
93%
Q 1
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
-96%
+417%
+22%
+3%
1
$24,310,525
204
96%
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 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.
GRAYTON BEACH
PG. 16 Q1 2021
MARKET REPORT FOR
30A GULF-FRONT First Quarter 2021
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 Q U A R T E R E N D
37
$1,560,419
$854
110
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
+95%
+90%
+24%
-75%
72
$2,962,598
$1,060
27
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
MONTHS OF INVENTORY
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
11.2
$57,735,500
183
95%
Q 1
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
-88%
+269%
-30%
+1%
1.3
$213,307,075
128
96%
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 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 GULF-FRONT
PG. 18 Q1 2021
MARKET REPORT FOR
30A HIGH-END LUXURY $3M+ First Quarter 2021
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 Q U A R T E R E N D
23
$3,924,234
$992
118
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
+230%
+24%
+13%
-45%
76
$4,859,544
$1,119
65
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
MONTHS OF INVENTORY
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
17.3
$90,257,381
221
96%
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
-83%
+309%
-28%
+1%
2.9
$369,325,376
159
97%
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 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+
PG. 20 Q1 2021
MARKET REPORT FOR
CARILLON BEACH First Quarter 2021
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 Q U A R T E R E N D
6
$1,076,000
$509
24
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
+100%
-29%
+8%
-50%
12
$766,404
$552
12
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
MONTHS OF INVENTORY
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
7.4
$6,456,000
185
94%
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
-57%
+42%
-38%
+2%
3.9
$9,196,851
115
96%
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 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.
CARILLON BEACH
PG. 22 Q1 2021
MARKET REPORT FOR
DESTIN & MIRAMAR BEACH First Quarter 2021
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 Q U A R T E R E N D
471
$561,693
$301
139
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
+81%
+22%
+20%
-30%
854
$684,112
$360
97
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
MONTHS OF INVENTORY
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
6.2
$264,557,512
139
95%
Q 1
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
-72%
+121%
-30%
+2%
1.8
$584,231,504
97
97%
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 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.
DESTIN & MIRAMAR BEACH
PG. 24 Q1 2021
MARKET REPORT FOR
SANDESTIN RESORT First Quarter 2021
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 Q U A R T E R E N D
84
$483,596
$309
262
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
+145%
+32%
+20%
-63%
206
$637,333
$370
97
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
MONTHS OF INVENTORY
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
7.4
$40,622,075
180
95%
Q 1
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
-77%
+223%
-40%
+2%
1.7
$131,290,574
108
97%
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 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.
SANDESTIN RESORT
PG. 26 Q1 2021
MARKET REPORT FOR
BURNT PINE First Quarter 2021
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 Q U A R T E R E N D
3
$1,650,000
$397
29
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
+367%
+31%
+9%
-66%
14
$2,159,804
$432
10
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
MONTHS OF INVENTORY
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
12.4
$4,950,000
89
97%
Q 1
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
-85%
+511%
-22%
1.8
$30,327,255
70
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 0
97% Q 1
2 0 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.
BURNT PINE
PG. 28 Q1 2021
MARKET REPORT FOR
BAYFRONT First Quarter 2021
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 Q U A R T E R E N D
21
$871,595
$330
68
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
+33%
+84%
+36%
-41%
28
$1,608,054
$449
40
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
MONTHS OF INVENTORY
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
7.1
$18,303,500
196
90%
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
-55%
+146%
-56%
+8%
3.2
$45,025,499
86
98%
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 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.
BAYFRONT
PG. 30 Q1 2021
MARKET REPORT FOR
DESTIN, MIRAMAR BEACH GULF-FRONT First Quarter 2021
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 Q U A R T E R E N D
81
$870,801
$451
227
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
+114%
+2%
+15%
-53%
173
$890,087
$517
105
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
MONTHS OF INVENTORY
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
7.6
$70,534,850
137
91%
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
Q 1
2 0 2 0
-39%
+118%
-14%
+6%
2.3
$153,985,125
119
97%
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 2 1
Q 1
2 0 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.
DESTIN, MIRAMAR BEACH GULF-FRONT
PG. 32 Q1 2021