Q1 2022 | MARKET REPORT
3979 W. COUNTY HWY 30A OFFERED AT $6,250,000
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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
Prices have continued to climb throughout quarter one in the p in ‘days on market’, the average price point has increased 23% Listing inventory does not last long on the market, forcing buye the board have decreased due to lack of inventory. Advisors are homes, tapping them further into the investment market. As me travel experiences, places like 30A are well-positioned to be gre
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panhandle real estate market. With rising prices and a drop % year over year and average days on market dropped 37%. ers to act fast with competitive offers. Number of sales across re being forced to create their own inventory by building spec entioned in yahoo finance “...more visitors desire “authentic” eat investments.”
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NOTABLE Q1 SALES
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5583 W. COUNTY HWY 30A SOLD FOR $4,300,000 IN DUNE ALLEN
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221 SAND CLIFFS DRIVE SOLD FOR $3,900,000 IN INLET BEACH page 8
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4463 W. COUNTY HWY 30A 400 SOLD FOR $3,990,000 IN SANTA ROSA BEACH
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115 PARADISE BY THE SEA BLVD SOLD FOR $24,000,000 IN PARADISE BY THE SEA
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LUXURY LISTINGS
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2192 W. COUNTY HWY 30A OFFERED AT $3,400,000 IN BLUE MOUNTAIN
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44 HILLTOP DRIVE OFFERED AT $5,695,000 IN DUNE ALLEN
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48 SANDSTONE STREET OFFERED AT $2,550,000 IN DUNE ALLEN
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408 WESTERN LAKE DRIVE OFFERED AT $3,675,000 IN WATERCOLOR
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Q1 2022 MARKET STATS
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INLET BEACH DETACHED SINGLE FAMILY HOMES UP 19% NUMBER OF SALES 21 Q1 2021
25 Q1 2022
AVERAGE PRICE PER SQ. FT. $515 Q1 2021
DOWN 47% AVERAGE DAYS ON MARKET 47 Q1 2021
25 Q1 2022
$513 Q1 2022
AVERAGE SALES PRICE $1,513,648 Q1 2021
$1,360,280 Q1 2022
UP 2% LIST PRICE TO SALES PRICE RATIO 96% Q1 2021
98% Q1 2022 page 23
ROSEMARY BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 22 Q1 2021
7 Q1 2022
UP 28%
UP 21%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$1,029 Q1 2021
DOWN 75% AVERAGE DAYS ON MARKET 281 Q1 2021 page 24
69 Q1 2022
$1,314 Q1 2022
$3,567,341 Q1 2021
UP 3% LIST PRICE TO SALES PRICE RATIO 94% Q1 2021
97% Q1 2022
$4,317,857 Q1 2022
ALYS BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 9 Q1 2021
3 Q1 2022
AVERAGE PRICE PER SQ. FT. $1,418 Q1 2021
DOWN 100% AVERAGE DAYS ON MARKET 41 Q1 2021
0 Q1 2022
$1,331 Q1 2022
AVERAGE SALES PRICE $5,827,653 Q1 2021
$4,240,876 Q1 2022
UP 4% LIST PRICE TO SALES PRICE RATIO 98% Q1 2021
102% Q1 2022 page 25
SEACREST DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 52 Q1 2021
43 Q1 2022
UP 48%
UP 70%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$567 Q1 2021
AVERAGE DAYS ON MARKET 48 Q1 2021 page 26
53 Q1 2022
$842 Q1 2022
$1,790,794 Q1 2021
UP 1% LIST PRICE TO SALES PRICE RATIO 97% Q1 2021
98% Q1 2022
$3,039,302 Q1 2022
WATERSOUND BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 41 Q1 2021
11 Q1 2022
UP 42%
UP 57%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$681 Q1 2021
AVERAGE DAYS ON MARKET 47 Q1 2021
48 Q1 2022
$967 Q1 2022
$2,360,532 Q1 2021
$3,708,636 Q1 2022
UP 1% LIST PRICE TO SALES PRICE RATIO 97% Q1 2021
98% Q1 2022 page 27
SEAGROVE DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 62 Q1 2021
46 Q1 2022
UP 43%
UP 55%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$553 Q1 2021
AVERAGE DAYS ON MARKET 64 Q1 2021 page 28
70 Q1 2022
$793 Q1 2022
$1,659,439 Q1 2021
UP 1% LIST PRICE TO SALES PRICE RATIO 97% Q1 2021
98% Q1 2022
$2,577,576 Q1 2022
SEASIDE DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 6 Q1 2021
4 Q1 2022
UP 3%
UP 10%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$1,951 Q1 2021
DOWN 82% AVERAGE DAYS ON MARKET 66 Q1 2021
12 Q1 2022
$2,005 Q1 2022
$3,187,500 Q1 2021
$3,512,500 Q1 2022
UP 2% LIST PRICE TO SALES PRICE RATIO 98% Q1 2021
100% Q1 2022 page 29
WATERCOLOR DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 41 Q1 2021
19 Q1 2022
UP 45%
UP 49%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$698 Q1 2021
AVERAGE DAYS ON MARKET 37 Q1 2021 page 30
51 Q1 2022
$1,012 Q1 2022
$2,204,915 Q1 2021
LIST PRICE TO SALES PRICE RATIO 99% Q1 2021
98% Q1 2022
$3,291,647 Q1 2022
GRAYTON BEACH DETACHED SINGLE FAMILY HOMES UP 9% NUMBER OF SALES 16 Q1 2021
10 Q1 2022
AVERAGE PRICE PER SQ. FT. $580 Q1 2021
DOWN 76% AVERAGE DAYS ON MARKET 115 Q1 2021
28 Q1 2022
$633 Q1 2022
AVERAGE SALES PRICE $1,828,967 Q1 2021
$1,741,600 Q1 2022
LIST PRICE TO SALES PRICE RATIO 97% Q1 2021
93% Q1 2022 page 31
BLUE MOUNTAIN BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 70 Q1 2021
59 Q1 2022
UP 37%
UP 18%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$460 Q1 2021
AVERAGE DAYS ON MARKET 53 Q1 2021 page 32
53 Q1 2022
$632 Q1 2022
$1,446,654 Q1 2021
LIST PRICE TO SALES PRICE RATIO 98% Q1 2021
99% Q1 2022
$1,701,237 Q1 2022
DUNE ALLEN DETACHED SINGLE FAMILY HOMES UP 139%
UP 3%
NUMBER OF SALES 33 Q1 2021
79 Q1 2022
AVERAGE PRICE PER SQ. FT. $540 Q1 2021
DOWN 3% AVERAGE DAYS ON MARKET 62 Q1 2021
60 Q1 2022
$493 Q1 2022
AVERAGE SALES PRICE $1,360,060 Q1 2021
$1,398,076 Q1 2022
LIST PRICE TO SALES PRICE RATIO 97% Q1 2021
97% Q1 2022 page 33
DESTIN DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 167 Q1 2021
117 Q1 2022
UP 34%
UP 31%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$320 Q1 2021
DOWN 45% AVERAGE DAYS ON MARKET 78 Q1 2021 page 34
43 Q1 2022
$428 Q1 2022
$983,445 Q1 2021
UP 2% LIST PRICE TO SALES PRICE RATIO 96% Q1 2021
97% Q1 2022
$1,289,981 Q1 2022
CONDOMINIUMS UP 10%
UP 17%
UP 12%
NUMBER OF SALES
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
202 Q1 2021
222 Q1 2022
$386 Q1 2021
DOWN 36% AVERAGE DAYS ON MARKET 76 Q1 2021
49 Q1 2022
$453 Q1 2022
$503,163 Q1 2021
$562,270 Q1 2022
UP 1% LIST PRICE TO SALES PRICE RATIO 96% Q1 2021
97% Q1 2022 page 35
MIRAMAR BEACH & SANDESTIN DETACHED SINGLE FAMILY HOMES UP 2%
UP 28%
UP 22%
NUMBER OF SALES
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
116 Q1 2021
118 Q1 2022
$371 Q1 2021
DOWN 31% AVERAGE DAYS ON MARKET 56 Q1 2021 page 36
39 Q1 2022
$476 Q1 2022
$1,090,330 Q1 2021
LIST PRICE TO SALES PRICE RATIO 98% Q1 2021
96% Q1 2022
$1,325,407 Q1 2022
CONDOMINIUMS NUMBER OF SALES 273 Q1 2021
270 Q1 2022
UP 37%
UP 30%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$369 Q1 2021
DOWN 47% AVERAGE DAYS ON MARKET 92 Q1 2021
49 Q1 2022
$505 Q1 2022
$455,902 Q1 2021
$592,980 Q1 2022
UP 1% LIST PRICE TO SALES PRICE RATIO 97% Q1 2021
98% Q1 2022 page 37
PANAMA CITY BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 91 Q1 2021
77 Q1 2022
UP 10%
UP 5%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$318 Q1 2021
DOWN 58% AVERAGE DAYS ON MARKET 91 Q1 2021 page 38
39 Q1 2022
$349 Q1 2022
$684,199 Q1 2021
UP 3% LIST PRICE TO SALES PRICE RATIO 95% Q1 2021
98% Q1 2022
$720,755 Q1 2022
CONDOMINIUMS NUMBER OF SALES 199 Q1 2021
155 Q1 2022
UP 43%
UP 30%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$290 Q1 2021
DOWN 24% AVERAGE DAYS ON MARKET 63 Q1 2021
48 Q1 2022
$415 Q1 2022
$359,823 Q1 2021
$468,139 Q1 2022
UP 1% LIST PRICE TO SALES PRICE RATIO 98% Q1 2021
99% Q1 2022 page 39
OVERALL Q1 MARKET STATS DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 747 Q1 2021
618 Q1 2022
UP 18%
UP 16%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$714 Q1 2021
DOWN 46% AVERAGE DAYS ON MARKET 78 Q1 2021 page 40
42 Q1 2022
$842 Q1 2022
$2,107,534 Q1 2021
UP 1% LIST PRICE TO SALES PRICE RATIO 97% Q1 2021
98% Q1 2022
$2,444,695 Q1 2022
OVERALL Q1 MARKET STATS CONDOS NUMBER OF SALES 674 Q1 2021
647 Q1 2022
UP 31% AVERAGE PRICE PER SQ. FT. $348 Q1 2021
$453 Q1 2022
UP 23% AVERAGE SALES PRICE $439,629 Q1 2021
$541,129 Q1 2022
DOWN 37% AVERAGE DAYS ON MARKET 77 Q1 2021
48 Q1 2022
UP 1% LIST PRICE TO SALES PRICE RATIO 97% Q1 2021
99% Q1 2022 page 41