Q2 2020 | MARKET REPORT
60 HOTZ AVENUE OFFERED AT $3,659,000
page 2
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
page 3
STATE OF THE MARKET
Despite the 17% drop in the number of transactions year over y with a 23% increase in average sales price. The two areas drivi which increased sales volume by 101% and 96%. Even with a overpay, proven by the 5% decrease in list price to ratio, dropp inventory for our buyers will allow the market to keep performin see the market on the rise heading into Q3.
page 4
year, in Quarter 2 the market was still up 3% in sold volume ing most of the growth were Grayton Beach and Alys Beach large jump in average sales price, people weren’t willing to ping from 95% last year to 90%. Continuing to create more ng through the uncertain times of the pandemic. We expect to
page 5
NOTABLE Q1 SALES
page 6
52 MAKO DRIVE SOLD FOR $6,950,000 IN SEAGROVE
page 7
34 N. WATCH TOWER LANE SOLD FOR $1,875,000 IN WATERSOUND BEACH
page 8
page 9
page 10
5889 W. COUNTY HWY 30A SOLD FOR $1,620,000 IN DUNE ALLEN
page 11
6465 W. COUNTY HWY 30A SOLD FOR $1,375,000 IN DUNE ALLEN
page 12
page 13
LUXURY LISTINGS 8512 E. COUNTY HWY 30A OFFERED AT $12,990,000 IN INLET BEACH
page 14
page 15
51 GREEN STREET OFFERED AT $4,150,000 IN METES & BOUNDS page 16
page 17
page 18
8 BEACHFRONT TRAIL OFFERED AT $2,350,000 IN INLET BEACH
page 19
page 20
429 S. BRIDGE LANE UNIT A430 OFFERED AT $2,095,000 IN WATERSOUND BEACH
page 21
Q2 2020 MARKET STATS
page 22
INLET BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES
SOLD VOLUME UP 70%
AVERAGE SALES PRICE
55 Q2 2019
$62,765,245 $106,718,335 Q2 2019 Q2 2020
$1,141,186 Q2 2019
64 Q2 2020
AVERAGE DAYS ON MARKET 98 Q2 2019
112 Q2 2020
$1,667,473 Q2 2020
LIST PRICE TO SALES PRICE RATIO 94% Q2 2019
95% Q2 2020 page 23
ROSEMARY BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 9 Q2 2019
5 Q2 2020
SOLD VOLUME DOWN 34% $17,010,000 $11,270,000 Q2 2019 Q2 2020
AVERAGE DAYS ON MARKET 190 Q2 2019 page 24
83 Q2 2020
AVERAGE SALES PRICE $1,890,000 Q2 2019
LIST PRICE TO SALES PRICE RATIO 93% Q2 2019
91% Q2 2020
$2,254,000 Q2 2020
ALYS BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES
SOLD VOLUME UP 96%
AVERAGE SALES PRICE
9 Q2 2019
$27,224,538 $53,341,760 Q2 2019 Q2 2020
$3,024,948 Q2 2019
12 Q2 2020
AVERAGE DAYS ON MARKET 107 Q2 2019
131 Q2 2020
$4,445,146 Q2 2020
LIST PRICE TO SALES PRICE RATIO 98% Q2 2019
97% Q2 2020 page 25
SEACREST DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 18 Q2 2019
12 Q2 2020
SOLD VOLUME DOWN 33% $14,752,379 $9,887,615 Q2 2019 Q2 2020
AVERAGE DAYS ON MARKET 188 Q2 2019 page 26
146 Q2 2020
AVERAGE SALES PRICE $819,576 Q2 2019
LIST PRICE TO SALES PRICE RATIO 97% Q2 2019
96% Q2 2020
$823,967 Q2 2020
WATERSOUND DETACHED SINGLE FAMILY HOMES NUMBER OF SALES
SOLD VOLUME UP 39%
AVERAGE SALES PRICE
31 Q2 2019
$31,002,872 $43,069,163 Q2 2019 Q2 2020
$1,000,092 Q2 2019
41 Q2 2020
AVERAGE DAYS ON MARKET 136 Q2 2019
105 Q2 2020
$1,050,467 Q2 2020
LIST PRICE TO SALES PRICE RATIO 97% Q2 2019
95% Q2 2020 page 27
SEAGROVE DETACHED SINGLE FAMILY HOMES NUMBER OF SALES
SOLD VOLUME UP 57%
AVERAGE SALES PRICE
29 Q2 2019
$28,945,225 $45,422,898 Q2 2019 Q2 2020
$998,111 Q2 2019
28 Q2 2020
AVERAGE DAYS ON MARKET 129 Q2 2019 page 28
178 Q2 2020
LIST PRICE TO SALES PRICE RATIO 95% Q2 2019
92% Q2 2020
$1,622,246 Q2 2020
SEASIDE DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 10 Q2 2019
2 Q2 2020
SOLD VOLUME DOWN 77% $23,298,000 $5,300,000 Q2 2019 Q2 2020
AVERAGE DAYS ON MARKET 47 Q2 2019
250 Q2 2020
AVERAGE SALES PRICE $2,329,800 Q2 2019
$2,650,000 Q2 2020
LIST PRICE TO SALES PRICE RATIO 93% Q2 2019
99% Q2 2020 page 29
WATERCOLOR DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 30 Q2 2019
23 Q2 2020
SOLD VOLUME DOWN 16% $54,499,050 $45,558,556 Q2 2019 Q2 2020
AVERAGE DAYS ON MARKET 125 Q2 2019 page 30
161 Q2 2020
AVERAGE SALES PRICE $1,816,635 Q2 2019
LIST PRICE TO SALES PRICE RATIO 96% Q2 2019
91% Q2 2020
$1,980,807 Q2 2020
GRAYTON BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES
SOLD VOLUME UP 101%
AVERAGE SALES PRICE
11 Q2 2019
$13,882,360 $27,949,000 Q2 2019 Q2 2020
$1,262,032 Q2 2019
15 Q2 2020
AVERAGE DAYS ON MARKET 123 Q2 2019
97 Q2 2020
$1,863,267 Q2 2020
LIST PRICE TO SALES PRICE RATIO 96% Q2 2019
96% Q2 2020 page 31
BLUE MOUNTAIN BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 53 Q2 2019
35 Q2 2020
SOLD VOLUME DOWN 34% $48,739,275 $31,016,780 Q2 2019 Q2 2020
AVERAGE DAYS ON MARKET 115 Q2 2019 page 32
95 Q2 2020
AVERAGE SALES PRICE $919,609 Q2 2019
LIST PRICE TO SALES PRICE RATIO 96% Q2 2019
95% Q2 2020
$886,194 Q2 2020
DUNE ALLEN DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 40 Q2 2019
35 Q2 2020
SOLD VOLUME DOWN 9% $34,133,109 $30,903,366 Q2 2019 Q2 2020
AVERAGE DAYS ON MARKET 124 Q2 2019
88 Q2 2020
AVERAGE SALES PRICE $853,328 Q2 2019
$882,953 Q2 2020
LIST PRICE TO SALES PRICE RATIO 94% Q2 2019
96% Q2 2020 page 33
DESTIN DETACHED SINGLE FAMILY HOMES NUMBER OF SALES
SOLD VOLUME DOWN 24%
AVERAGE SALES PRICE
163 Q2 2019
$112,411,305 $85,578,671 Q2 2019 Q2 2020
$689,639 Q2 2019
99 Q2 2020
AVERAGE DAYS ON MARKET 116 Q2 2019 page 34
90 Q2 2020
LIST PRICE TO SALES PRICE RATIO 95% Q2 2019
93% Q2 2020
$864,431 Q2 2020
CONDOMINIUMS NUMBER OF SALES 184 Q2 2019
132 Q2 2020
SOLD VOLUME DOWN 21% $73,763,300 $58,333,650 Q2 2019 Q2 2020
AVERAGE DAYS ON MARKET 86 Q2 2019
101 Q2 2020
AVERAGE SALES PRICE $400,887 Q2 2019
$441,921 Q2 2020
LIST PRICE TO SALES PRICE RATIO 95% Q2 2019
94% Q2 2020 page 35
MIRAMAR BEACH & SANDESTIN DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 99 Q2 2019
94 Q2 2020
SOLD VOLUME DOWN 3% $72,212,362 $70,218,180 Q2 2019 Q2 2020
AVERAGE DAYS ON MARKET 97 Q2 2019 page 36
108 Q2 2020
AVERAGE SALES PRICE $729,417 Q2 2019
LIST PRICE TO SALES PRICE RATIO 95% Q2 2019
94% Q2 2020
$747,001 Q2 2020
CONDOMINIUMS NUMBER OF SALES 186 Q2 2019
130 Q2 2020
SOLD VOLUME DOWN 27% $72,914,998 $53,112,650 Q2 2019 Q2 2020
AVERAGE DAYS ON MARKET 147 Q2 2019
108 Q2 2020
AVERAGE SALES PRICE $392,016 Q2 2019
$408,558 Q2 2020
LIST PRICE TO SALES PRICE RATIO 95% Q2 2019
95% Q2 2020 page 37
PANAMA CITY BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 59 Q2 2019
45 Q2 2020
SOLD VOLUME DOWN 32% $28,555,805 $19,493,950 Q2 2019 Q2 2020
AVERAGE DAYS ON MARKET 75 Q2 2019 page 38
94 Q2 2020
AVERAGE SALES PRICE $483,996 Q2 2019
LIST PRICE TO SALES PRICE RATIO 97% Q2 2019
95% Q2 2020
$433,198 Q2 2020
CONDOMINIUMS NUMBER OF SALES 159 Q2 2019
111 Q2 2020
SOLD VOLUME DOWN 20% $44,390,161 $35,317,550 Q2 2019 Q2 2020
AVERAGE DAYS ON MARKET 116 Q2 2019
112 Q2 2020
AVERAGE SALES PRICE $279,183 Q2 2019
$318,176 Q2 2020
LIST PRICE TO SALES PRICE RATIO 97% Q2 2019
97% Q2 2020 page 39
OVERALL Q2 MARKET STATS DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 616 Q2 2019
510 Q2 2020
SOLD VOLUME UP 3% $569,431,525 $585,728,274 Q2 2019 Q2 2020
AVERAGE DAYS ON MARKET 119 Q2 2019 page 40
124 Q2 2020
AVERAGE SALES PRICE $1,282,741 Q2 2019
LIST PRICE TO SALES PRICE RATIO 95% Q2 2019
90% Q2 2020
$1,583,654 Q2 2020
OVERALL Q2 MARKET STATS CONDOS
NUMBER OF SALES 529 Q2 2019
373 Q2 2020
SOLD VOLUME DOWN 23% $191,068,459 $146,763,850 Q2 2019 Q2 2020
AVERAGE SALES PRICE $357,362 Q2 2019
$389,552 Q2 2020
AVERAGE DAYS ON MARKET 116 Q2 2019
107 Q2 2020
LIST PRICE TO SALES PRICE RATIO 96% Q2 2019
95% Q2 2020 page 41