Q1 2020 | MARKET REPORT
226 PARADISE BY THE SEA BLVD OFFERED AT $3,975,000
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TABLE OF CONTENTS
STATE OF THE MARKET SUMMARY
NOTABLE Q1 SALES
LUXURY LISTINGS
pages 4-5
pages 6-13
pages 14-21
30A MARKET STATS Inlet Beach | Rosemary Beach | Alys Beach Seacrest | Watersound | Seagrove | Seaside WaterColor | Grayton Beach | Blue Mountain | Dune Allen pages 23-33
DESTIN MARKET STATS
MIRAMAR BEACH & SANDESTIN MARKET STATS
PANAMA CITY BEACH MARKET STATS
pages 34-35
pages 36-37
pages 38-39
OVERALL MARKET STATS DETACHED SINGLE FAMILY HOMES
OVERALL MARKET STATS CONDOMINIUMS
page 40
page 41
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STATE OF THE MARKET
This year had an extremely strong start. The overall market in Q Before the Covid-19 outbreak swept through much of the world up 19.6% and sold volume had an increase of 17.8% comparin created unique opportunities for buyers. The market has prove in the months ahead.
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Quarter 1 has seen an increase in total volume and sales price. d, data from our markets showed the average sales price was ng Q1 2019 to Q1 2020. The current state of the market has en resilient in the past and we are anticipating a strong upswing
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NOTABLE Q1 SALES
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1848 E. COUNTY HWY 30A #22 SOLD FOR $2,500,000 IN WATERCOLOR
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44 SHEEPSHANK LANE SOLD FOR $1,530,000 IN WATERSOUND WEST BEACH
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89 W. WATERCOLOR BOULEVARD SOLD FOR $3,100,000 IN WATERCOLOR
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427 PELICAN CIRCLE SOLD FOR $1,825,000 IN CAMP CREEK LAKE
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LUXURY LISTINGS
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52 MAKO DRIVE OFFERED AT $8,975,000 IN SEAGROVE
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517 BEACHSIDE GARDENS OFFERED AT $6,699,000 IN CARILLON BEACH page 16
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36 WALTON MAGNOLIA LANE OFFERED AT $3,750,000 IN INLET BEACH
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LOT 13 SHINGLE LANE OFFERED AT $3,300,000 IN WATERSOUND BEACH
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Q1 2020 MARKET STATS
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INLET BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES
SOLD VOLUME UP 65%
AVERAGE SALES PRICE
33 Q1 2019
$35,447,532 $58,653,861 Q1 2019 Q1 2020
$1,074,167 Q1 2019
44 Q1 2020
AVERAGE DAYS ON MARKET 123 Q1 2019
89 Q1 2020
$1,333,042 Q1 2020
LIST PRICE TO SALES PRICE RATIO 97% Q1 2019
94% Q1 2020 page 23
ROSEMARY BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES
SOLD VOLUME UP 44%
AVERAGE SALES PRICE
4 Q1 2019
$9,920,000 $14,270,000 Q1 2019 Q1 2020
$2,480,000 Q1 2019
7 Q1 2020
AVERAGE DAYS ON MARKET 165 Q1 2019 page 24
269 Q1 2020
LIST PRICE TO SALES PRICE RATIO 92% Q1 2019
91% Q1 2020
$2,038,571 Q1 2020
ALYS BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES
SOLD VOLUME UP 673%
AVERAGE SALES PRICE
1 Q1 2019
$3,510,000 $27,120,726 Q1 2019 Q1 2020
$3,510,000 Q1 2019
7 Q1 2020
AVERAGE DAYS ON MARKET 84 Q1 2019
91 Q1 2020
$3,874,389 Q1 2020
LIST PRICE TO SALES PRICE RATIO 85% Q1 2019
99% Q1 2020 page 25
SEACREST DETACHED SINGLE FAMILY HOMES NUMBER OF SALES
SOLD VOLUME UP 87%
AVERAGE SALES PRICE
9 Q1 2019
$7,968,417 $14,866,505 Q1 2019 Q1 2020
$885,379 Q1 2019
12 Q1 2020
AVERAGE DAYS ON MARKET 315 Q1 2019 page 26
168 Q1 2020
LIST PRICE TO SALES PRICE RATIO 95% Q1 2019
96% Q1 2020
$1,238,875 Q1 2020
WATERSOUND DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 22 Q1 2019
24 Q1 2020
SOLD VOLUME DOWN 25% $41,912,084 $31,289,413 Q1 2019 Q1 2020
AVERAGE DAYS ON MARKET 132 Q1 2019
135 Q1 2020
AVERAGE SALES PRICE $1,905,094 Q1 2019
$1,303,725 Q1 2020
LIST PRICE TO SALES PRICE RATIO 95% Q1 2019
93% Q1 2020 page 27
SEAGROVE DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 32 Q1 2019
27 Q1 2020
SOLD VOLUME UP 6% $35,839,700 $37,837,000 Q1 2019 Q1 2020
AVERAGE DAYS ON MARKET 168 Q1 2019 page 28
106 Q1 2020
AVERAGE SALES PRICE $1,119,991 Q1 2019
LIST PRICE TO SALES PRICE RATIO 95% Q1 2019
90% Q1 2020
$1,401,370 Q1 2020
SEASIDE DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 4 Q1 2019
2 Q1 2020
SOLD VOLUME DOWN 11% $6,640,000 Q1 2019
AVERAGE DAYS ON MARKET 51 Q1 2019
542 Q1 2020
$5,941,655 Q1 2020
AVERAGE SALES PRICE $1,660,000 Q1 2019
$2,970,828 Q1 2020
LIST PRICE TO SALES PRICE RATIO 97% Q1 2019
94% Q1 2020 page 29
WATERCOLOR DETACHED SINGLE FAMILY HOMES NUMBER OF SALES
SOLD VOLUME UP 181%
AVERAGE SALES PRICE
6 Q1 2019
$11,809,000 $33,234,500 Q1 2019 Q1 2020
$1,968,167 Q1 2019
16 Q1 2020
AVERAGE DAYS ON MARKET 164 Q1 2019 page 30
95 Q1 2020
LIST PRICE TO SALES PRICE RATIO 92% Q1 2019
95% Q1 2020
$2,077,156 Q1 2020
GRAYTON BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES
SOLD VOLUME UP 16%
AVERAGE SALES PRICE
6 Q1 2019
$9,900,000 $11,486,330 Q1 2019 Q1 2020
$1,650,000 Q1 2019
10 Q1 2020
AVERAGE DAYS ON MARKET 225 Q1 2019
136 Q1 2020
$1,148,633 Q1 2020
LIST PRICE TO SALES PRICE RATIO 89% Q1 2019
93% Q1 2020 page 31
BLUE MOUNTAIN BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 34 Q1 2019
37 Q1 2020
SOLD VOLUME DOWN 1% $32,159,491 $31,717,639 Q1 2019 Q1 2020
AVERAGE DAYS ON MARKET 88 Q1 2019 page 32
92 Q1 2020
AVERAGE SALES PRICE $945,867 Q1 2019
LIST PRICE TO SALES PRICE RATIO 95% Q1 2019
97% Q1 2020
$857,233 Q1 2020
DUNE ALLEN DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 36 Q1 2019
27 Q1 2020
SOLD VOLUME UP 1% $26,028,603 $26,203,430 Q1 2019 Q1 2020
AVERAGE DAYS ON MARKET 95 Q1 2019
203 Q1 2020
AVERAGE SALES PRICE $723,017 Q1 2019
$970,497 Q1 2020
LIST PRICE TO SALES PRICE RATIO 96% Q1 2019
94% Q1 2020 page 33
DESTIN DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 105 Q1 2019
92 Q1 2020
SOLD VOLUME DOWN 10% $66,204,213 $59,698,519 Q1 2019 Q1 2020
AVERAGE DAYS ON MARKET 85 Q1 2019 page 34
96 Q1 2020
AVERAGE SALES PRICE $630,516 Q1 2019
LIST PRICE TO SALES PRICE RATIO 95% Q1 2019
95% Q1 2020
$648,896 Q1 2020
CONDOMINIUMS NUMBER OF SALES 142 Q1 2019
118 Q1 2020
SOLD VOLUME DOWN 12% $61,093,761 $53,992,894 Q1 2019 Q1 2020
AVERAGE DAYS ON MARKET 107 Q1 2019
116 Q1 2020
AVERAGE SALES PRICE $430,237 Q1 2019
$457,566 Q1 2020
LIST PRICE TO SALES PRICE RATIO 95% Q1 2019
95% Q1 2020 page 35
MIRAMAR BEACH & SANDESTIN DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 82 Q1 2019
68 Q1 2020
SOLD VOLUME UP 5% $61,787045 $65,151,683 Q1 2019 Q1 2020
AVERAGE DAYS ON MARKET 132 Q1 2019 page 36
137 Q1 2020
AVERAGE SALES PRICE $753,500 Q1 2019
LIST PRICE TO SALES PRICE RATIO 95% Q1 2019
91% Q1 2020
$958,112 Q1 2020
CONDOMINIUMS NUMBER OF SALES
SOLD VOLUME UP 21%
AVERAGE SALES PRICE
115 Q1 2019
$40,887,450 $49,509,772 Q1 2019 Q1 2020
$355,543 Q1 2019
116 Q1 2020
AVERAGE DAYS ON MARKET 137 Q1 2019
110 Q1 2020
$426,808 Q1 2020
LIST PRICE TO SALES PRICE RATIO 94% Q1 2019
95% Q1 2020 page 37
PANAMA CITY BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 214 Q1 2019
206 Q1 2020
SOLD VOLUME UP 9% $73,717,364 $80,571,235 Q1 2019 Q1 2020
AVERAGE DAYS ON MARKET 67 Q1 2019 page 38
78 Q1 2020
AVERAGE SALES PRICE $344,473 Q1 2019
LIST PRICE TO SALES PRICE RATIO 98% Q1 2019
96% Q1 2020
$391,122 Q1 2020
CONDOMINIUMS NUMBER OF SALES
SOLD VOLUME UP 52%
AVERAGE SALES PRICE
98 Q1 2019
$29,518,295 $44,958,132 Q1 2019 Q1 2020
$301,207 Q1 2019
140 Q1 2020
AVERAGE DAYS ON MARKET 91 Q1 2019
108 Q1 2020
$321,129 Q1 2020
LIST PRICE TO SALES PRICE RATIO 96% Q1 2019
97% Q1 2020 page 39
OVERALL Q1 MARKET STATS DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 588 Q1 2019
579 Q1 2020
SOLD VOLUME UP 17.8% $422,843,449 $498,042,496 Q1 2019 Q1 2020
AVERAGE DAYS ON MARKET 135 Q1 2019 page 40
160 Q1 2020
AVERAGE SALES PRICE $719,121 Q1 2019
LIST PRICE TO SALES PRICE RATIO 94% Q1 2019
94% Q1 2020
$860,177 Q1 2020
OVERALL Q1 MARKET STATS CONDOS
NUMBER OF SALES 355 Q1 2019
374 Q1 2020
SOLD VOLUME UP 12.9% $131,499,506 $148,460,798 Q1 2019 Q1 2020
AVERAGE SALES PRICE $370,421 Q1 2019
$396,954 Q1 2020
AVERAGE DAYS ON MARKET 112 Q1 2019
111 Q1 2020
LIST PRICE TO SALES PRICE RATIO 95% Q1 2019
96% Q1 2020 page 41