Q2 2022 | MARKET REPORT
145 PARADISE BY THE SEA BLVD OFFERED AT $20,990,000
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TABLE OF CONTENTS STATE OF THE MARKET SUMMARY
NOTABLE Q2 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 30A GULF FRONT MARKET STATS pages 22-35
DESTIN MARKET STATS
MIRAMAR BEACH & SANDESTIN MARKET STATS
PANAMA CITY BEACH MARKET STATS
pages 36-37
pages 38-39
pages 40-41
OVERALL MARKET STATS DETACHED SINGLE FAMILY HOMES
OVERALL MARKET STATS CONDOMINIUMS
page 42
page 43
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STATE OF THE MARKET
The average sales price has continued to climb throughout quarter two in the real average sales price for detached single family homes has risen by 51 percent. Ho days spent on the market. In the current market, homes are spending slightly long submit strong, competitive offers. The number of condos on the market has decre condo owners, the average sale price has jumped by over $150,000. Most notab has seen a staggering 101 percent increase in average sale price, with the averag
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l estate market across the Panhandle. In comparison to this quarter last year, the omes continue to move on and off the market quickly with an average of only 26 ger on the market than the previous quarter; however, buyers are still urged to reased dramatically by 34 percent in comparison to this time last year. Luckily for bly of all, the gulf front market for detached single family homes on Scenic 30A ge price over $12 Million this quarter.
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NOTABLE Q2 SALES
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131 COMPASS POINT WAY SOLD FOR $8,750,000 IN WATERSOUND BEACH
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136 PARADISE BY THE SEA BLVD SOLD FOR $8,700,000 IN PARADISE BY THE SEA
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2192 W. COUNTY HWY 30A SOLD FOR $3,175,000 IN THE CREST
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44 HILLTOP DRIVE SOLD FOR $5,450,000 IN DUNE ALLEN
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LUXURY LISTINGS
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47 N BRANCH ROAD OFFERED AT $2,599,000 IN DRAPER LAKE
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3820 E. COUNTY HWY 30A #306 OFFERED AT $5,798,000 IN THIRTY ONE
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178 POMPANO STREET OFFERED AT $7,495,000 IN INLET BEACH
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13 DANDELION DRIVE OFFERED AT $6,750,000 IN WATERCOLOR
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Q2 2022 MARKET STATS
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INLET BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 39 Q2 2021
31 Q2 2022
UP 59%
UP 115%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$472 Q2 2021
UP 41% AVERAGE DAYS ON MARKET 24 Q2 2021
34 Q2 2022
$752 Q2 2022
$1,326,772 Q2 2021
$2,849,935 Q2 2022
LIST PRICE TO SALES PRICE RATIO 100% Q2 2021
97% Q2 2022 page 23
ROSEMARY BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 17 Q2 2021
14 Q2 2022
UP 41%
UP 64%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$1,102 Q2 2021
DOWN 55% AVERAGE DAYS ON MARKET 95 Q2 2021 page 24
43 Q2 2022
$1,557 Q2 2022
$3,445,088 Q2 2021
UP 1% LIST PRICE TO SALES PRICE RATIO 97% Q2 2021
98% Q2 2022
$5,633,543 Q2 2022
ALYS BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 14 Q2 2021
13 Q2 2022
UP 57%
UP 55%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$1,180 Q2 2021
DOWN 5% AVERAGE DAYS ON MARKET 22 Q2 2021
21 Q2 2022
$1,853 Q2 2022
$4,217,462 Q2 2021
$6,548,380 Q2 2022
LIST PRICE TO SALES PRICE RATIO 99% Q2 2021
99% Q2 2022 page 25
SEACREST DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 61 Q2 2021
26 Q2 2022
UP 41%
UP 51%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$618 Q2 2021
DOWN 46% AVERAGE DAYS ON MARKET 47 Q2 2021 page 26
25 Q2 2022
$873 Q2 2022
$1,669,875 Q2 2021
LIST PRICE TO SALES PRICE RATIO 99% Q2 2021
98% Q2 2022
$2,520,231 Q2 2022
WATERSOUND BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 33 Q2 2021
26 Q2 2022
UP 49%
UP 34%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$699 Q2 2021
AVERAGE DAYS ON MARKET 20 Q2 2021
48 Q2 2022
$1,044 Q2 2022
$2,444,983 Q2 2021
$3,282,163 Q2 2022
LIST PRICE TO SALES PRICE RATIO 99% Q2 2021
99% Q2 2022 page 27
SEAGROVE DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 67 Q2 2021
49 Q2 2022
UP 34%
UP 54%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$750 Q2 2021
AVERAGE DAYS ON MARKET 51 Q2 2021 page 28
30 Q2 2022
$1,006 Q2 2022
$2,063,354 Q2 2021
LIST PRICE TO SALES PRICE RATIO 99% Q2 2021
98% Q2 2022
$3,175,216 Q2 2022
SEASIDE DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 11 Q2 2021
4 Q2 2022
UP 31%
UP 17%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$1,077 Q2 2021
DOWN 80% AVERAGE DAYS ON MARKET 45 Q2 2021
9 Q2 2022
$1,408 Q2 2022
$2,474,727 Q2 2021
$2,883,250 Q2 2022
UP 3% LIST PRICE TO SALES PRICE RATIO 97% Q2 2021
100% Q2 2022 page 29
WATERCOLOR DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 49 Q2 2021
22 Q2 2022
UP 42%
UP 62%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$809 Q2 2021
DOWN 38% AVERAGE DAYS ON MARKET 24 Q2 2021 page 30
15 Q2 2022
$1,150 Q2 2022
$2,534,290 Q2 2021
UP 2% LIST PRICE TO SALES PRICE RATIO 98% Q2 2021
100% Q2 2022
$4,117,591 Q2 2022
GRAYTON BEACH DETACHED SINGLE FAMILY HOMES UP 11%
UP 34%
UP 89%
NUMBER OF SALES
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
9 Q2 2021
10 Q2 2022
$836 Q2 2021
DOWN 59% AVERAGE DAYS ON MARKET 18 Q2 2021
7 Q2 2022
$1,122 Q2 2022
$1,875,188 Q2 2021
$3,545,500 Q2 2022
LIST PRICE TO SALES PRICE RATIO 100% Q2 2021
98% Q2 2022 page 31
BLUE MOUNTAIN BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 80 Q2 2021
48 Q2 2022
UP 34%
UP 26%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$492 Q2 2021
DOWN 50% AVERAGE DAYS ON MARKET 26 Q2 2021 page 32
13 Q2 2022
$660 Q2 2022
$1,277,743 Q2 2021
LIST PRICE TO SALES PRICE RATIO 99% Q2 2021
98% Q2 2022
$1,608,144 Q2 2022
DUNE ALLEN DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 74 Q2 2021
63 Q2 2022
UP 28%
UP 35%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$407 Q2 2021
AVERAGE DAYS ON MARKET 33 Q2 2021
41 Q2 2022
$522 Q2 2022
$1,015,788 Q2 2021
$1,376,290 Q2 2022
LIST PRICE TO SALES PRICE RATIO 99% Q2 2021
98% Q2 2022 page 33
30A GULF FRONT DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 13 Q2 2021
10 Q2 2022
UP 34%
UP 101%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$1,868 Q2 2021
DOWN 45% AVERAGE DAYS ON MARKET 50 Q2 2021 page 34
33 Q2 2022
$2,498 Q2 2022
$6,246,153 $12,535,000 Q2 2021 Q2 2022
UP 2% LIST PRICE TO SALES PRICE RATIO 94% Q2 2021
99% Q2 2022
CONDOMINIUMS NUMBER OF SALES 41 Q2 2021
15 Q2 2022
UP 45%
UP 48%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$898 Q2 2021
AVERAGE DAYS ON MARKET 27 Q2 2021
27 Q2 2022
$1,300 Q2 2022
$1,668,087 Q2 2021
$2,472,666 Q2 2022
UP 3% LIST PRICE TO SALES PRICE RATIO 98% Q2 2021
101% Q2 2022 page 35
DESTIN DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 179 Q2 2021
130 Q2 2022
UP 21%
UP 22%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$381 Q2 2021
DOWN 48% AVERAGE DAYS ON MARKET 50 Q2 2021 page 36
26 Q2 2022
$462 Q2 2022
$1,223,130 Q2 2021
LIST PRICE TO SALES PRICE RATIO 98% Q2 2021
98% Q2 2022
$1,489,841 Q2 2022
CONDOMINIUMS NUMBER OF SALES 276 Q2 2021
242 Q2 2022
UP 35%
UP 32%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$390 Q2 2021
DOWN 31% AVERAGE DAYS ON MARKET 67 Q2 2021
46 Q2 2022
$528 Q2 2022
$514,561 Q2 2021
$680,436 Q2 2022
LIST PRICE TO SALES PRICE RATIO 99% Q2 2021
99% Q2 2022 page 37
MIRAMAR BEACH & SANDESTIN DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 167 Q2 2021
117 Q2 2022
UP 39%
UP 38%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$395 Q2 2021
DOWN 23% AVERAGE DAYS ON MARKET 31 Q2 2021 page 38
24 Q2 2022
$548 Q2 2022
$1,202,429 Q2 2021
LIST PRICE TO SALES PRICE RATIO 99% Q2 2021
99% Q2 2022
$1,654,139 Q2 2022
CONDOMINIUMS NUMBER OF SALES 337 Q2 2021
232 Q2 2022
UP 41%
UP 39%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$396 Q2 2021
DOWN 36% AVERAGE DAYS ON MARKET 47 Q2 2021
30 Q2 2022
$557 Q2 2022
$482,710 Q2 2021
$669,954 Q2 2022
LIST PRICE TO SALES PRICE RATIO 99% Q2 2021
99% Q2 2022 page 39
PANAMA CITY BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 97 Q2 2021
91 Q2 2022
UP 18%
UP 5%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$339 Q2 2021
DOWN 42% AVERAGE DAYS ON MARKET 57 Q2 2021 page 40
33 Q2 2022
$400 Q2 2022
$854,937 Q2 2021
LIST PRICE TO SALES PRICE RATIO 99% Q2 2021
99% Q2 2022
$901,851 Q2 2022
CONDOMINIUMS NUMBER OF SALES 320 Q2 2021
139 Q2 2022
UP 38%
UP 29%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$338 Q2 2021
DOWN 77% AVERAGE DAYS ON MARKET 93 Q2 2021
21 Q2 2022
$467 Q2 2022
$403,889 Q2 2021
$522,774 Q2 2022
LIST PRICE TO SALES PRICE RATIO 99% Q2 2021
99% Q2 2022 page 41
OVERALL Q2 MARKET STATS DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 897 Q2 2021
644 Q2 2022
UP 40%
UP 51%
AVERAGE PRICE PER SQ. FT.
AVERAGE SALES PRICE
$683 Q2 2021
DOWN 32% AVERAGE DAYS ON MARKET 39 Q2 2021 page 42
26 Q2 2022
$954 Q2 2022
$1,973,269 Q2 2021
LIST PRICE TO SALES PRICE RATIO 99% Q2 2021
98% Q2 2022
$2,970,434 Q2 2022
OVERALL Q2 MARKET STATS CONDOS NUMBER OF SALES 933 Q2 2021
613 Q2 2022
UP 38% AVERAGE PRICE PER SQ. FT. $375 Q2 2021
$517 Q2 2022
UP 34% AVERAGE SALES PRICE $467,053 Q2 2021
$624,388 Q2 2022
DOWN 53% AVERAGE DAYS ON MARKET 69 Q2 2021
32 Q2 2022
LIST PRICE TO SALES PRICE RATIO 99% Q2 2021
99% Q2 2022 page 43