Q2 2023 | MARKET REPORT 169 ANSLEY FOREST DRIVE OFFERED AT $12,600,000
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TABLE OF CONTENTS
STATE OF THE MARKET SUMMARY
pages 4-5
NOTABLE SALES
pages 6-13
30A MARKET STATS
Inlet Beach | Rosemary Beach | Alys Beach
LUXURY LISTINGS
pages 14-21
Seacrest | Watersound | Seagrove | Seaside
WaterColor | Grayton Beach | Blue Mountain | Dune Allen
30A GULF FRONT MARKET STATS
pages 22-35
DESTIN MARKET STATS
pages 36-37
MIRAMAR BEACH & SANDESTIN MARKET STATS
pages 38-39
OVERALL MARKET STATS
DETACHED SINGLE FAMILY HOMES
page 42
PANAMA CITY BEACH MARKET STATS
pages 40-41
OVERALL MARKET STATS CONDOMINIUMS
page 43
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STATE OF THE MARKET
The number of sales continued in an upward trend between Quarter 1 and Quarter 2 385 to 488 and condo sales increasing from 365 to 398. However, in comparison to sales prices in Panama City Beach in the detached single-family home market showed average sales price. The average sales price of gulf-front detached single-family homes $7,000,000 however, the price per square foot only decreased slightly, indicating that 30A communities managed to show an increase in average sales price confirming that market, having an experienced and knowledgeable real estate advisor to assist you
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2 of 2023 with the number of detached single-family home sales increasing from to Quarter 2 of last year, the total number of sales has decreased. Most notably, showed increases in the number of sales, average price per square foot, and homes on Scenic 30A took a staggering hit decreasing from nearly $12,000,000 to that gulf-front homes are mostly maintaining their value this year. A few standout that certain communities remain in high demand in this market. In this kind of in making the most of your investments is key.
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Q2 2023 MARKET STATS
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INLET BEACH page 23 NUMBER OF SALES 34 Q2 2022 21 Q2 2023 AVERAGE PRICE PER SQ. FT. $711 Q2 2022 $586 Q2 2023 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 34 Q2 2022 50 Q2 2023 LIST PRICE TO SALES PRICE RATIO 101% Q2 2022 97% Q2 2023 DETACHED SINGLE FAMILY HOMES $2,652,049 Q2 2022 $2,034,888 Q2 2023
ROSEMARY BEACH page 24 NUMBER OF SALES 16 Q2 2022 8 Q2 2023 AVERAGE PRICE PER SQ. FT. $1,612 Q2 2022 $1,664 Q2 2023 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 37 Q2 2022 54 Q2 2023 LIST PRICE TO SALES PRICE RATIO 99% Q2 2022 97% Q2 2023 DETACHED SINGLE FAMILY HOMES $5,529,350 Q2 2022 $5,986,250 Q2 2023 UP 3% UP 8%
page 25 NUMBER OF SALES 13 Q2 2022 8 Q2 2023 AVERAGE PRICE PER SQ. FT. $1,853 Q2 2022 $1,698 Q2 2023 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 21 Q2 2022 16 Q2 2023 LIST PRICE TO SALES PRICE RATIO 99% Q2 2022 97% Q2 2023 DETACHED SINGLE FAMILY HOMES $6,548,380 Q2 2022 $6,174,925 Q2 2023 DOWN 24%
ALYS BEACH
SEACREST page 26 NUMBER OF SALES 26 Q2 2022 24 Q2 2023 AVERAGE PRICE PER SQ. FT. $873 Q2 2022 $1,055 Q2 2023 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 25 Q2 2022 68 Q2 2023 LIST PRICE TO SALES PRICE RATIO 98% Q2 2022 95% Q2 2023 DETACHED SINGLE FAMILY HOMES $2,520,230 Q2 2022 $2,579,354 Q2 2023 UP 21% UP 2%
WATERSOUND BEACH page 27 NUMBER OF SALES 26 Q2 2022 16 Q2 2023 AVERAGE PRICE PER SQ. FT. $1,044 Q2 2022 $1,057 Q2 2023 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 47 Q2 2022 86 Q2 2023 LIST PRICE TO SALES PRICE RATIO 99% Q2 2022 96% Q2 2023 DETACHED SINGLE FAMILY HOMES $3,282,163 Q2 2022 $3,589,312 Q2 2023 UP 9% UP 1%
SEAGROVE page 28 NUMBER OF SALES 50 Q2 2022 37 Q2 2023 AVERAGE PRICE PER SQ. FT. $1,001 Q2 2022 $916 Q2 2023 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 29 Q2 2022 94 Q2 2023 LIST PRICE TO SALES PRICE RATIO 98% Q2 2022 96% Q2 2023 DETACHED SINGLE FAMILY HOMES $3,127,712 Q2 2022 $2,857,864 Q2 2023
SEASIDE page 29 NUMBER OF SALES 4 Q2 2022 4 Q2 2023 AVERAGE PRICE PER SQ. FT. $1,408 Q2 2022 $1,975 Q2 2023 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 9 Q2 2022 0 Q2 2023 LIST PRICE TO SALES PRICE RATIO 101% Q2 2022 99% Q2 2023 DETACHED SINGLE FAMILY HOMES $2,883,250 Q2 2022 $2,557,000 Q2 2023 DOWN 100% UP 40%
WATERCOLOR page 30 NUMBER OF SALES 24 Q2 2022 14 Q2 2023 AVERAGE PRICE PER SQ. FT. $1,146 Q2 2022 $1,119 Q2 2023 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 13 Q2 2022 60 Q2 2023 LIST PRICE TO SALES PRICE RATIO 100% Q2 2022 95% Q2 2023 DETACHED SINGLE FAMILY HOMES $4,092,166 Q2 2022 $3,671,071 Q2 2023
GRAYTON BEACH page 31 NUMBER OF SALES 10 Q2 2022 4 Q2 2023 AVERAGE PRICE PER SQ. FT. $1,121 Q2 2022 $942 Q2 2023 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 7 Q2 2022 130 Q2 2023 LIST PRICE TO SALES PRICE RATIO 98% Q2 2022 98% Q2 2023 DETACHED SINGLE FAMILY HOMES $3,545,500 Q2 2022 $3,962,500 Q2 2023 UP 12%
page 32 NUMBER OF SALES 48 Q2 2022 38 Q2 2023 AVERAGE PRICE PER SQ. FT. $660 Q2 2022 $652 Q2 2023 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 13 Q2 2022 73 Q2 2023 LIST PRICE TO SALES PRICE RATIO 98% Q2 2022 96% Q2 2023 DETACHED SINGLE FAMILY HOMES $1,608,144 Q2 2022 $1,961,469 Q2 2023 UP 22%
BLUE MOUNTAIN BEACH
DUNE ALLEN page 33 NUMBER OF SALES 63 Q2 2022 27 Q2 2023 AVERAGE PRICE PER SQ. FT. $522 Q2 2022 $548 Q2 2023 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 41 Q2 2022 96 Q2 2023 LIST PRICE TO SALES PRICE RATIO 98% Q2 2022 96% Q2 2023 DETACHED SINGLE FAMILY HOMES $1,376,290 Q2 2022 $1,622,901 Q2 2023 UP 5% UP 18%
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NUMBER OF SALES 11 Q2 2022 9 Q2 2023 AVERAGE PRICE PER SQ. FT. $2,506 Q2 2022 $2,426 Q2 2023 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 30 Q2 2022 66 Q2 2023 LIST PRICE TO SALES PRICE RATIO 99% Q2 2022 94% Q2 2023 DETACHED SINGLE FAMILY HOMES $11,940,909 Q2 2022 $7,053,888 Q2 2023
30A GULF FRONT
page 35 NUMBER OF SALES 15 Q2 2022 17 Q2 2023 AVERAGE PRICE PER SQ. FT. $1,300 Q2 2022 $1,175 Q2 2023 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 27 Q2 2022 75 Q2 2023 LIST PRICE TO SALES PRICE RATIO 101% Q2 2022 96% Q2 2023 CONDOMINIUMS $2,472,666 Q2 2022 $1,820,105 Q2 2023
DESTIN NUMBER OF SALES 130 Q2 2022 98 Q2 2023 AVERAGE PRICE PER SQ. FT. $462 Q2 2022 $411 Q2 2023 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 26 Q2 2022 84 Q2 2023 LIST PRICE TO SALES PRICE RATIO 98% Q2 2022 95% Q2 2023 DETACHED SINGLE FAMILY HOMES $1,489,841 Q2 2022 $1,103,631 Q2 2023 page 36
NUMBER OF SALES 243 Q2 2022 143 Q2 2023 AVERAGE PRICE PER SQ. FT. $528 Q2 2022 $537 Q2 2023 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 46 Q2 2022 70 Q2 2023 LIST PRICE TO SALES PRICE RATIO 99% Q2 2022 97% Q2 2023 CONDOMINIUMS $681,295 Q2 2022 $771,282 Q2 2023 UP 2% UP 13% page 37
NUMBER OF SALES 119 Q2 2022 89 Q2 2023 AVERAGE PRICE PER SQ. FT. $556 Q2 2022 $504 Q2 2023 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 24 Q2 2022 83 Q2 2023 LIST PRICE TO SALES PRICE RATIO 99% Q2 2022 96% Q2 2023 DETACHED SINGLE FAMILY HOMES $1,720,246 Q2 2022 $1,379,275 Q2 2023 page 38
MIRAMAR BEACH & SANDESTIN
NUMBER OF SALES 236 Q2 2022 142 Q2 2023 AVERAGE PRICE PER SQ. FT. $557 Q2 2022 $509 Q2 2023 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 30 Q2 2022 66 Q2 2023 LIST PRICE TO SALES PRICE RATIO 99% Q2 2022 97% Q2 2023 CONDOMINIUMS $664,590 Q2 2022 $606,427 Q2 2023 page 39
PANAMA CITY BEACH NUMBER OF SALES 96 Q2 2022 100 Q2 2023 AVERAGE PRICE PER SQ. FT. $400 Q2 2022 $463 Q2 2023 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 32 Q2 2022 75 Q2 2023 LIST PRICE TO SALES PRICE RATIO 99% Q2 2022 96% Q2 2023 DETACHED SINGLE FAMILY HOMES $883,806 Q2 2022 $1,232,437 Q2 2023 UP 16% page 40 UP 39% UP 4%
NUMBER OF SALES 142 Q2 2022 113 Q2 2023 AVERAGE PRICE PER SQ. FT. $464 Q2 2022 $463 Q2 2023 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 21 Q2 2022 60 Q2 2023 LIST PRICE TO SALES PRICE RATIO 99% Q2 2022 97% Q2 2023 CONDOMINIUMS $526,273 Q2 2022 $532,157 Q2 2023 UP 1% page 41
OVERALL
DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 659 Q2 2022 488 Q2 2023 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 26 Q2 2022 69 Q2 2023 LIST PRICE TO SALES PRICE RATIO 98% Q2 2022 96% Q2 2023 $955 Q2 2022 $971 Q2 2023 $2,947,081 Q2 2022 $2,908,063 Q2 2023 AVERAGE PRICE PER SQ. FT. page 42 UP 2%
Q2 MARKET STATS
CONDOS NUMBER OF SALES 621 Q2 2022 398 Q2 2023 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 32 Q2 2022 65 Q2 2023 LIST PRICE TO SALES PRICE RATIO 99% Q2 2022 97% Q2 2023 $516 Q2 2022 $503 Q2 2023 $624,053 Q2 2022 $636,622 Q2 2023 AVERAGE PRICE PER SQ. FT. UP 2% page 43
OVERALL Q2 MARKET STATS
