Q1 2021 | MARKET REPORT
208 PARADISE BY THE SEA BLVD OFFERED AT $7,999,000
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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
Q1 had unparalleled market trends on 30A with the number of sol buyers were forced to act quickly and aggressively, driving sales p month worth of inventory in the market going into Q2 and are hop
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ld homes up 57% from last year. With inventory at an all-time low, prices up 38% and cost per sqft up 25%. We currently have one ping to utilize brand resources to generate listings for buyers.
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NOTABLE Q1 SALES
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27 COMPASS ROSE WAY SOLD FOR $3,995,000 IN WATERSOUND BEACH
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124 PARADISE BY THE SEA BOULEVARD SOLD FOR $4,400,000 IN PARADISE BY THE SEA
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63 HOLLY STREET SOLD FOR $4,015,000 IN SEAGROVE BEACH
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25 FORT PANIC ROAD SOLD FOR $5,300,000 IN DUNE ALLEN
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LUXURY LISTINGS 172 A STREET OFFERED AT $3,299,000 IN SEACREST
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94 EMERALD COVE LANE OFFERED AT $4,149,000 IN INLET BEACH page 17
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8 ELYSEE COURT OFFERED AT $6,799,000 IN ELYSEE
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113 FORT PANIC ROAD OFFERED AT $4,199,000 IN SANTA ROSA DUNES
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Q1 2021 MARKET STATS
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INLET BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 13 Q1 2020
21 Q1 2021
AVERAGE PRICE PER SQ. FT. $494 Q1 2020
AVERAGE DAYS ON MARKET 113 Q1 2020
47 Q1 2021
$526 Q1 2021
AVERAGE SALES PRICE $890,239 Q1 2020
$1,513,648 Q1 2021
LIST PRICE TO SALES PRICE RATIO 95% Q1 2020
96% Q1 2021 page 23
ROSEMARY BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 10 Q1 2020
22 Q1 2021
AVERAGE PRICE PER SQ. FT. $723 Q1 2020
AVERAGE DAYS ON MARKET 190 Q1 2020 page 24
281 Q1 2021
$1,029 Q1 2021
AVERAGE SALES PRICE $2,048,500 Q1 2020
LIST PRICE TO SALES PRICE RATIO 93% Q1 2020
94% Q1 2021
$3,567,341 Q1 2021
ALYS BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 7 Q1 2020
9 Q1 2021
AVERAGE PRICE PER SQ. FT. $1,089 Q1 2020
AVERAGE DAYS ON MARKET 91 Q1 2020
41 Q1 2021
$1,418 Q1 2021
AVERAGE SALES PRICE $3,874,389 Q1 2020
$5,827,653 Q1 2021
LIST PRICE TO SALES PRICE RATIO 100% Q1 2020
98% Q1 2021 page 25
SEACREST DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 30 Q1 2020
52 Q1 2021
AVERAGE PRICE PER SQ. FT. $446 Q1 2020
AVERAGE DAYS ON MARKET 153 Q1 2020 page 26
48 Q1 2021
$567 Q1 2021
AVERAGE SALES PRICE $1,179,877 Q1 2020
LIST PRICE TO SALES PRICE RATIO 94% Q1 2020
97% Q1 2021
$1,790,794 Q1 2021
WATERSOUND BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 23 Q1 2020
41 Q1 2021
AVERAGE PRICE PER SQ. FT. $547 Q1 2020
AVERAGE DAYS ON MARKET 143 Q1 2020
47 Q1 2021
$681 Q1 2021
AVERAGE SALES PRICE $1,935,828 Q1 2020
$2,360,532 Q1 2021
LIST PRICE TO SALES PRICE RATIO 95% Q1 2020
97% Q1 2021 page 27
SEAGROVE DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 29 Q1 2020
62 Q1 2021
AVERAGE PRICE PER SQ. FT. $479 Q1 2020
AVERAGE DAYS ON MARKET 101 Q1 2020 page 28
64 Q1 2021
$553 Q1 2021
AVERAGE SALES PRICE $1,373,000 Q1 2020
LIST PRICE TO SALES PRICE RATIO 95% Q1 2020
97% Q1 2021
$1,659,439 Q1 2021
SEASIDE DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 2 Q1 2020
6 Q1 2021
AVERAGE PRICE PER SQ. FT. $1,631 Q1 2020
AVERAGE DAYS ON MARKET 542 Q1 2020
66 Q1 2021
$1,951 Q1 2021
AVERAGE SALES PRICE $2,970,828 Q1 2020
$3,187,500 Q1 2021
LIST PRICE TO SALES PRICE RATIO 94% Q1 2020
98% Q1 2021 page 29
WATERCOLOR DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 18 Q1 2020
41 Q1 2021
AVERAGE PRICE PER SQ. FT. $616 Q1 2020
AVERAGE DAYS ON MARKET 111 Q1 2020 page 30
37 Q1 2021
$698 Q1 2021
AVERAGE SALES PRICE $1,994,972 Q1 2020
LIST PRICE TO SALES PRICE RATIO 95% Q1 2020
99% Q1 2021
$2,204,915 Q1 2021
GRAYTON BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 10 Q1 2020
16 Q1 2021
AVERAGE PRICE PER SQ. FT. $465 Q1 2020
AVERAGE DAYS ON MARKET 136 Q1 2020
115 Q1 2021
$580 Q1 2021
AVERAGE SALES PRICE $1,148,633 Q1 2020
$1,828,967 Q1 2021
LIST PRICE TO SALES PRICE RATIO 93% Q1 2020
97% Q1 2021 page 31
BLUE MOUNTAIN BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 46 Q1 2020
70 Q1 2021
AVERAGE PRICE PER SQ. FT. $383 Q1 2020
AVERAGE DAYS ON MARKET 103 Q1 2020 page 32
53 Q1 2021
$460 Q1 2021
AVERAGE SALES PRICE $930,197 Q1 2020
LIST PRICE TO SALES PRICE RATIO 97% Q1 2020
98% Q1 2021
$1,446,654 Q1 2021
DUNE ALLEN DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 30 Q1 2020
33 Q1 2021
AVERAGE PRICE PER SQ. FT. $373 Q1 2020
AVERAGE DAYS ON MARKET 191 Q1 2020
62 Q1 2021
$540 Q1 2021
AVERAGE SALES PRICE $916,448 Q1 2020
$1,360,060 Q1 2021
LIST PRICE TO SALES PRICE RATIO 94% Q1 2020
97% Q1 2021 page 33
DESTIN DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 108 Q1 2020
167 Q1 2021
AVERAGE PRICE PER SQ. FT. $253 Q1 2020
AVERAGE DAYS ON MARKET 95 Q1 2020 page 34
78 Q1 2021
$320 Q1 2021
AVERAGE SALES PRICE $645,977 Q1 2020
LIST PRICE TO SALES PRICE RATIO 95% Q1 2020
96% Q1 2021
$983,445 Q1 2021
Q1 2021
CONDOMINIUMS NUMBER OF SALES 131 Q1 2020
202 Q1 2021
AVERAGE PRICE PER SQ. FT. $319 Q1 2020
AVERAGE DAYS ON MARKET 118 Q1 2020
76 Q1 2021
$386 Q1 2021
AVERAGE SALES PRICE $455,919 Q1 2020
$503,163 Q1 2021
LIST PRICE TO SALES PRICE RATIO 95% Q1 2020
97% Q1 2021 page 35
MIRAMAR BEACH & SANDESTIN DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 74 Q1 2020
116 Q1 2021
AVERAGE PRICE PER SQ. FT. $291 Q1 2020
AVERAGE DAYS ON MARKET 130 Q1 2020 page 36
56 Q1 2021
$371 Q1 2021
AVERAGE SALES PRICE $946,041 Q1 2020
LIST PRICE TO SALES PRICE RATIO 92% Q1 2020
98% Q1 2021
$1,090,330 Q1 2021
CONDOMINIUMS NUMBER OF SALES 125 Q1 2020
273 Q1 2021
AVERAGE PRICE PER SQ. FT. $342 Q1 2020
AVERAGE DAYS ON MARKET 111 Q1 2020
92 Q1 2021
$369 Q1 2021
AVERAGE SALES PRICE $416,733 Q1 2020
$455,902 Q1 2021
LIST PRICE TO SALES PRICE RATIO 96% Q1 2020
97% Q1 2021 page 37
PANAMA CITY BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 63 Q1 2020
73 Q1 2021
AVERAGE PRICE PER SQ. FT. $234 Q1 2020
AVERAGE DAYS ON MARKET 92 Q1 2020 page 38
91 Q1 2021
$318 Q1 2021
AVERAGE SALES PRICE $479,251 Q1 2020
LIST PRICE TO SALES PRICE RATIO 95% Q1 2020
95% Q1 2021
$684,199 Q1 2021
CONDOMINIUMS NUMBER OF SALES 147 Q1 2020
199 Q1 2021
AVERAGE PRICE PER SQ. FT. $247 Q1 2020
AVERAGE DAYS ON MARKET 108 Q1 2020
63 Q1 2021
$290 Q1 2021
AVERAGE SALES PRICE $319,544 Q1 2020
$359,823 Q1 2021
LIST PRICE TO SALES PRICE RATIO 98% Q1 2020
98% Q1 2021 page 39
OVERALL Q1 MARKET STATS DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 463 Q1 2020
729 Q1 2021
AVERAGE PRICE PER SQ. FT. $598 Q1 2020
AVERAGE DAYS ON MARKET 156.5 Q1 2020 page 40
78 Q1 2021
$746 Q1 2021
AVERAGE SALES PRICE $1,523,870 Q1 2020
LIST PRICE TO SALES PRICE RATIO 95% Q1 2020
97% Q1 2021
$2,107,534 Q1 2021
OVERALL Q1 MARKET STATS CONDOS
NUMBER OF SALES 403 Q1 2020
674 Q1 2021
AVERAGE PRICE PER SQ. FT. $303 Q1 2020
$348 Q1 2021
AVERAGE SALES PRICE $397,399 Q1 2020
$439,629 Q1 2021
AVERAGE DAYS ON MARKET 112 Q1 2020
77 Q1 2021
LIST PRICE TO SALES PRICE RATIO 96% Q1 2020
97% Q1 2021 page 41