Q3 2022 | MARKET REPORT 58 SINCLAIR LANE OFFERED AT $10,990,000
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STATE OF THE MARKET SUMMARY pages 4-5
TABLE OF CONTENTS
30A MARKET STATS
LUXURY LISTINGS pages 14-21
Inlet Beach | Rosemary Beach | Alys Beach Seacrest | Watersound | Seagrove | Seaside WaterColor | Grayton Beach | Blue Mountain | Dune Allen
30A GULF FRONT MARKET STATS
22-35
DESTIN MARKET STATS
36-37
MIRAMAR BEACH & SANDESTIN MARKET STATS
PANAMA CITY BEACH MARKET STATS pages 40-41
OVERALL MARKET STATS
SINGLE FAMILY HOMES
OVERALL MARKET STATS
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pages
pages 38-39
DETACHED
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CONDOMINIUMS page 43
STATE OF THE MARKET
We are entering Quarter 3 with a continuously steady rise of the average sales Sellers are taking fewer risks with high sales prices and are encouraged to list Buyers are being less aggressive with offers and are more willing to wait for prices not discouraging buyers yet. We hope to continue to see steady sales along home/vacation market, which is typically not as affected by a shifting economy.
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sales price for listings with the number of new listings slowing down. list their properties closer to market value in order to get accepted offers. prices to decrease before making a purchase. Rates are rising but this is Scenic 30A entering Quarter 4 of 2022 while really leaning on the second economy.
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NOTABLE Q3 SALES page 6
page 7 70 WINDWARD LANE SOLD FOR $11,200,000 IN ROSEMARY BEACH
59 PELICAN CIRCLE SOLD FOR $19,000,000 IN PELICAN POINTE page 8
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page 11 3820 E. COUNTY HWY 30A #306 SOLD FOR $5,300,000 IN SEAGROVE
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page 13 35 HINTON DRIVE SOLD FOR $8,800,000 IN SEAGROVE
LUXURY LISTINGS page 14
page 15 202 W RUSKIN PLACE OFFERED AT $6,295,000 IN SEASIDE
page 16 59 GREEN STREET OFFERED AT $12,499,000 IN INLET BEACH
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page 19 74 EMERALD COVE LANE OFFERED AT $10,990,000 IN INLET BEACH
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16 KIRKWOOD PLACE OFFERED AT $8,799,000 IN INLET BEACH page 21
Q3 2022 MARKET STATS
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INLET BEACH page 23 NUMBER OF SALES 30 Q3 2021 22 Q3 2022 AVERAGE PRICE PER SQ. FT. $486 Q3 2021 $711 Q3 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 27 Q3 2021 33 Q3 2022 LIST PRICE TO SALES PRICE RATIO 99% Q3 2021 100% Q3 2022 DETACHED SINGLE FAMILY HOMES $1,440,420 Q3 2021 $2,376,710 Q3 2022 UP 46% UP 65% UP 1%
ROSEMARY BEACH page 24 NUMBER OF SALES 5 Q3 2021 9 Q3 2022 AVERAGE PRICE PER SQ. FT. $1,458 Q3 2021 $1,968 Q3 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 149 Q3 2021 7 Q3 2022 LIST PRICE TO SALES PRICE RATIO 95% Q3 2021 97% Q3 2022 DETACHED SINGLE FAMILY HOMES $4,218,000 Q3 2021 $6,902,222 Q3 2022 UP 64%UP 35% DOWN 95% UP 2%
ALYS BEACH page 25 NUMBER OF SALES 17 Q3 2021 6 Q3 2022 AVERAGE PRICE PER SQ. FT. $1,405 Q3 2021 $1,991 Q3 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 4 Q3 2021 8 Q3 2022 LIST PRICE TO SALES PRICE RATIO 99% Q3 2021 98% Q3 2022 DETACHED SINGLE FAMILY HOMES $5,111,119 Q3 2021 $8,470,458 Q3 2022 UP 42% UP 66%
SEACREST page 26 NUMBER OF SALES 40 Q3 2021 25 Q3 2022 AVERAGE PRICE PER SQ. FT. $687 Q3 2021 $862 Q3 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 33 Q3 2021 55 Q3 2022 LIST PRICE TO SALES PRICE RATIO 97% Q3 2021 94% Q3 2022 DETACHED SINGLE FAMILY HOMES $1,664,487 Q3 2021 $2,434,200 Q3 2022 UP 25% UP 46%
WATERSOUND BEACH page 27 NUMBER OF SALES 28 Q3 2021 10 Q3 2022 AVERAGE PRICE PER SQ. FT. $774 Q3 2021 $1,023 Q3 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 31 Q3 2021 15 Q3 2022 LIST PRICE TO SALES PRICE RATIO 98% Q3 2021 96% Q3 2022 DETACHED SINGLE FAMILY HOMES $2,538,356 Q3 2021 $3,535,700 Q3 2022 UP 39%UP 32% DOWN 52%
SEAGROVE page 28 NUMBER OF SALES 58 Q3 2021 24 Q3 2022 AVERAGE PRICE PER SQ. FT. $709 Q3 2021 $902 Q3 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 34 Q3 2021 46 Q3 2022 LIST PRICE TO SALES PRICE RATIO 98% Q3 2021 95% Q3 2022 DETACHED SINGLE FAMILY HOMES $1,861,783 Q3 2021 $2,482,083 Q3 2022 UP 27% UP 33%
SEASIDE page 29 NUMBER OF SALES 1 Q3 2021 2 Q3 2022 AVERAGE PRICE PER SQ. FT. $819 Q3 2021 $1,559 Q3 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 0 Q3 2021 49 Q3 2022 LIST PRICE TO SALES PRICE RATIO 99% Q3 2021 92% Q3 2022 DETACHED SINGLE FAMILY HOMES $3,267,000 Q3 2021 $4,579,500 Q3 2022 UP 40%UP 90%UP 100%
WATERCOLOR page 30 NUMBER OF SALES 28 Q3 2021 13 Q3 2022 AVERAGE PRICE PER SQ. FT. $908 Q3 2021 $1,080 Q3 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 20 Q3 2021 38 Q3 2022 LIST PRICE TO SALES PRICE RATIO 98% Q3 2021 95% Q3 2022 DETACHED SINGLE FAMILY HOMES $3,013,535 Q3 2021 $3,344,153 Q3 2022 UP 19% UP 11%
GRAYTON BEACH page 31 NUMBER OF SALES 8 Q3 2021 4 Q3 2022 AVERAGE PRICE PER SQ. FT. $788 Q3 2021 $991 Q3 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 43 Q3 2021 70 Q3 2022 LIST PRICE TO SALES PRICE RATIO 100% Q3 2021 96% Q3 2022 DETACHED SINGLE FAMILY HOMES $1,933,437 Q3 2021 $2,694,250 Q3 2022 UP 26% UP 39%
BLUE MOUNTAIN BEACH page 32 NUMBER OF SALES 86 Q3 2021 40 Q3 2022 AVERAGE PRICE PER SQ. FT. $543 Q3 2021 $650 Q3 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 22 Q3 2021 37 Q3 2022 LIST PRICE TO SALES PRICE RATIO 99% Q3 2021 94% Q3 2022 DETACHED SINGLE FAMILY HOMES $1,311,138 Q3 2021 $1,480,107 Q3 2022 UP 20% UP 13%
DUNE ALLEN page 33 NUMBER OF SALES 47 Q3 2021 37 Q3 2022 AVERAGE PRICE PER SQ. FT. $520 Q3 2021 $614 Q3 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 27 Q3 2021 57 Q3 2022 LIST PRICE TO SALES PRICE RATIO 99% Q3 2021 99% Q3 2022 DETACHED SINGLE FAMILY HOMES $1,269,130 Q3 2021 $1,741,740 Q3 2022 UP 18% UP 37%
page 34 30A GULF FRONT NUMBER OF SALES 12 Q3 2021 8 Q3 2022 AVERAGE PRICE PER SQ. FT. $1,473 Q3 2021 $2,357 Q3 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 72 Q3 2021 34 Q3 2022 LIST PRICE TO SALES PRICE RATIO 95% Q3 2021 95% Q3 2022 DETACHED SINGLE FAMILY HOMES $4,730,208 Q3 2021 $10,215,625 Q3 2022 DOWN 53% UP 60% UP 116%
page 35 NUMBER OF SALES 34 Q3 2021 25 Q3 2022 AVERAGE PRICE PER SQ. FT. $947 Q3 2021 $1,117 Q3 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 16 Q3 2021 38 Q3 2022 LIST PRICE TO SALES PRICE RATIO 98% Q3 2021 97% Q3 2022 CONDOMINIUMS $1,248,426 Q3 2021 $1,684,644 Q3 2022 UP 18% UP 35%
DESTIN NUMBER OF SALES 166 Q3 2021 98 Q3 2022 AVERAGE PRICE PER SQ. FT. $374 Q3 2021 $437 Q3 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 32 Q3 2021 36 Q3 2022 LIST PRICE TO SALES PRICE RATIO 98% Q3 2021 95% Q3 2022 DETACHED SINGLE FAMILY HOMES $1,032,572 Q3 2021 $1,270,723 Q3 2022 UP 17% UP 23% page 36
NUMBER OF SALES 183 Q3 2021 164 Q3 2022 AVERAGE PRICE PER SQ. FT. $431 Q3 2021 $542 Q3 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 65 Q3 2021 51 Q3 2022 LIST PRICE TO SALES PRICE RATIO 98% Q3 2021 98% Q3 2022 CONDOMINIUMS $604,978 Q3 2021 $699,082 Q3 2022 DOWN 22% UP 26% UP 16% page 37
MIRAMAR BEACH & SANDESTIN NUMBER OF SALES 139 Q3 2021 64 Q3 2022 AVERAGE PRICE PER SQ. FT. $427 Q3 2021 $530 Q3 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 28 Q3 2021 26 Q3 2022 LIST PRICE TO SALES PRICE RATIO 99% Q3 2021 97% Q3 2022 DETACHED SINGLE FAMILY HOMES $1,175,237 Q3 2021 $1,456,670 Q3 2022 DOWN 7% UP 24% UP 24% page 38
NUMBER OF SALES 237 Q3 2021 161 Q3 2022 AVERAGE PRICE PER SQ. FT. $380 Q3 2021 $468 Q3 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 29 Q3 2021 38 Q3 2022 LIST PRICE TO SALES PRICE RATIO 99% Q3 2021 97% Q3 2022 CONDOMINIUMS $420,240 Q3 2021 $586,182 Q3 2022 DOWN 31% UP 23% UP 39% page 39
PANAMA CITY BEACH NUMBER OF SALES 80 Q3 2021 103 Q3 2022 AVERAGE PRICE PER SQ. FT. $368 Q3 2021 $373 Q3 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 43 Q3 2021 31 Q3 2022 LIST PRICE TO SALES PRICE RATIO 98% Q3 2021 98% Q3 2022 DETACHED SINGLE FAMILY HOMES $945,494 Q3 2021 $746,598 Q3 2022 DOWN 42% UP 1% page 40
NUMBER OF SALES 233 Q3 2021 107 Q3 2022 AVERAGE PRICE PER SQ. FT. $391 Q3 2021 $461 Q3 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 111 Q3 2021 38 Q3 2022 LIST PRICE TO SALES PRICE RATIO 99% Q3 2021 97% Q3 2022 CONDOMINIUMS $453,786 Q3 2021 $545,201 Q3 2022 UP 18% UP 20% DOWN 66% page 41
OVERALL Q3 MARKET STATS DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 733 Q3 2021 457 Q3 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 35 Q3 2021 36 Q3 2022 LIST PRICE TO SALES PRICE RATIO 99% Q3 2021 96% Q3 2022 $733 Q3 2021 $978 Q3 2022 $2,198,693 Q3 2021 $3,108,222 Q3 2022 AVERAGE PRICE PER SQ. FT. UP 33% UP 41% page 42
OVERALL Q3 MARKET STATS CONDOS NUMBER OF SALES 653 Q3 2021 432 Q3 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 68 Q3 2021 42 Q3 2022 LIST PRICE TO SALES PRICE RATIO 99% Q3 2021 97% Q3 2022 $401 Q3 2021 $490 Q3 2022 $493,001 Q3 2021 $610,155 Q3 2022 AVERAGE PRICE PER SQ. FT. UP 22% UP 24% DOWN 38% page 43