Q3 2020 | MARKET REPORT
159 BRENDA LANE OFFERED AT $3,395,000
page 2
TABLE OF CONTENTS
STATE OF THE MARKET SUMMARY
NOTABLE Q3 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
In the third quarter, we saw tremendous growth in the market fo sales volume. Alys Beach and Rosemary Beach each had over Inlet Beach both had over 300% growth. Condo sales were als the biggest driver with a 137% increase. Average sales prices a Grayton Beach nearly doubled with a 98% increase and the ma single family homes. The average price for condos had a 14% was Miramar Beach/Sandestin which saw a 44% uptick in the page 4
or detached single family homes with a 159% increase in r 400% increases in sales volume while Grayton Beach and so up 61% for the market with Miramar Beach/Sandestin being also saw a substantial lift. The average sales price for homes in arket overall had a 41% lift in average sales price for detached increase in the average sales price and again the big driver average sales price. page 5
NOTABLE Q3 SALES
page 6
8910 E. COUNTY HWY 30A SOLD FOR $4,900,000 IN SANTA ROSA BEACH
page 7
205 MAGNOLIA STREET SOLD FOR $2,415,000 IN GRAYTON BEACH
page 8
page 9
page 10
27 SANDY CREEK CIRCLE SOLD FOR $3,550,000 IN WATERCOLOR
page 11
51 GREEN STREET SOLD FOR $3,850,000 IN INLET BEACH
page 12
page 13
LUXURY LISTINGS
146 PARADISE BY THE SEA BLVD OFFERED AT $6,750,000 IN PARADISE BY THE SEA
page 14
page 15
page 16
50 E. ST. LUCIA LANE OFFERED AT $5,950,000 IN THE RETREAT
page 17
52 CAMP CREEK POINT DRIVE OFFERED AT $2,595,000 IN CAMP CREEKPOINT
page 18
page 19
41 MISTFLOWER LANE OFFERED AT $3,775,000 IN WATERCOLOR
page 20
page 21
Q3 2020 MARKET STATS
page 22
INLET BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES
SOLD VOLUME UP 330%
AVERAGE SALES PRICE
52 Q3 2019
$48,985,870 $210,929,844 Q3 2019 Q3 2020
$942,035 Q3 2019
136 Q3 2020
AVERAGE DAYS ON MARKET 110 Q3 2019
112 Q3 2020
$1,550,954 Q3 2020
LIST PRICE TO SALES PRICE RATIO 94% Q3 2019
95% Q3 2020 page 23
ROSEMARY BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES
SOLD VOLUME UP 419%
AVERAGE SALES PRICE
7 Q3 2019
$12,710,000 $65,960,500 Q3 2019 Q3 2020
$1,815,714 Q3 2019
25 Q3 2020
AVERAGE DAYS ON MARKET 156 Q3 2019 page 24
170 Q3 2020
LIST PRICE TO SALES PRICE RATIO 92% Q3 2019
94% Q3 2020
$2,638,420 Q3 2020
ALYS BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES
SOLD VOLUME UP 447%
AVERAGE SALES PRICE
4 Q3 2019
$13,644,283 $74,621,127 Q3 2019 Q3 2020
$3,411,070 Q3 2019
20 Q3 2020
AVERAGE DAYS ON MARKET 35 Q3 2019
62 Q3 2020
$3,731,056 Q3 2020
LIST PRICE TO SALES PRICE RATIO 97% Q3 2019
97% Q3 2020 page 25
SEACREST DETACHED SINGLE FAMILY HOMES NUMBER OF SALES
SOLD VOLUME UP 99%
AVERAGE SALES PRICE
13 Q3 2019
$10,774,406 $21,423,503 Q3 2019 Q3 2020
$722,106 Q3 2019
19 Q3 2020
AVERAGE DAYS ON MARKET 114 Q3 2019 page 26
106 Q3 2020
LIST PRICE TO SALES PRICE RATIO 97% Q3 2019
98% Q3 2020
$1,127,552 Q3 2020
WATERSOUND DETACHED SINGLE FAMILY HOMES NUMBER OF SALES
SOLD VOLUME UP 129%
AVERAGE SALES PRICE
25 Q3 2019
$37,177,787 $85,389,708 Q3 2019 Q3 2020
$1,487,111 Q3 2019
66 Q3 2020
AVERAGE DAYS ON MARKET 106 Q3 2019
124 Q3 2020
$1,293,783 Q3 2020
LIST PRICE TO SALES PRICE RATIO 98% Q3 2019
96% Q3 2020 page 27
SEAGROVE DETACHED SINGLE FAMILY HOMES NUMBER OF SALES
SOLD VOLUME UP 172%
AVERAGE SALES PRICE
33 Q3 2019
$39,523,350 $107,528,333 Q3 2019 Q3 2020
$1,197,677 Q3 2019
68 Q3 2020
AVERAGE DAYS ON MARKET 118 Q3 2019 page 28
145 Q3 2020
LIST PRICE TO SALES PRICE RATIO 92% Q3 2019
96% Q3 2020
$1,581,299 Q3 2020
SEASIDE DETACHED SINGLE FAMILY HOMES NUMBER OF SALES
SOLD VOLUME UP 103%
AVERAGE SALES PRICE
4 Q3 2019
$15,122,500 $30,687,000 Q3 2019 Q3 2020
$3,780,625 Q3 2019
13 Q3 2020
AVERAGE DAYS ON MARKET 136 Q3 2019
70 Q3 2020
$2,360,538 Q3 2020
LIST PRICE TO SALES PRICE RATIO 97% Q3 2019
96% Q3 2020 page 29
WATERCOLOR DETACHED SINGLE FAMILY HOMES NUMBER OF SALES
SOLD VOLUME UP 174%
AVERAGE SALES PRICE
25 Q3 2019
$43,967,230 $120,357,720 Q3 2019 Q3 2020
$1,758,689 Q3 2019
56 Q3 2020
AVERAGE DAYS ON MARKET 97 Q3 2019 page 30
110 Q3 2020
LIST PRICE TO SALES PRICE RATIO 97% Q3 2019
97% Q3 2020
$2,149,245 Q3 2020
GRAYTON BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES
SOLD VOLUME UP 341%
AVERAGE SALES PRICE
9 Q3 2019
$6,945,500 $30,610,400 Q3 2019 Q3 2020
$771,722 Q3 2019
20 Q3 2020
AVERAGE DAYS ON MARKET 149 Q3 2019
187 Q3 2020
$1,530,520 Q3 2020
LIST PRICE TO SALES PRICE RATIO 97% Q3 2019
97% Q3 2020 page 31
BLUE MOUNTAIN BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES
SOLD VOLUME UP 130%
AVERAGE SALES PRICE
57 Q3 2019
$41,904,018 $96,422,607 Q3 2019 Q3 2020
$735,158 Q3 2019
105 Q3 2020
AVERAGE DAYS ON MARKET 85 Q3 2019 page 32
116 Q3 2020
LIST PRICE TO SALES PRICE RATIO 96% Q3 2019
97% Q3 2020
$918,311 Q3 2020
DUNE ALLEN DETACHED SINGLE FAMILY HOMES NUMBER OF SALES
SOLD VOLUME UP 143%
AVERAGE SALES PRICE
30 Q3 2019
$21,908,774 $53,289,109 Q3 2019 Q3 2020
$730,292 Q3 2019
65 Q3 2020
AVERAGE DAYS ON MARKET 76 Q3 2019
144 Q3 2020
$819,832 Q3 2020
LIST PRICE TO SALES PRICE RATIO 92% Q3 2019
98% Q3 2020 page 33
DESTIN DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 141 Q3 2019
188 Q3 2020
SOLD VOLUME UP 98% $84,035,833 $166,107,346 Q3 2019 Q3 2020
AVERAGE DAYS ON MARKET 93 Q3 2019 page 34
115 Q3 2020
AVERAGE SALES PRICE $595,998 Q3 2019
LIST PRICE TO SALES PRICE RATIO 96% Q3 2019
95% Q3 2020
$883,549 Q3 2020
CONDOMINIUMS NUMBER OF SALES 161 Q3 2019
256 Q3 2020
SOLD VOLUME UP 43% $74,433,596 $106,084,625 Q3 2019 Q3 2020
AVERAGE DAYS ON MARKET 93 Q3 2019
121 Q3 2020
AVERAGE SALES PRICE $462,320 Q3 2019
$414,393 Q3 2020
LIST PRICE TO SALES PRICE RATIO 96% Q3 2019
96% Q3 2020 page 35
MIRAMAR BEACH & SANDESTIN DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 96 Q3 2019
175 Q3 2020
SOLD VOLUME UP 112% $78,202,318 $165,786,269 Q3 2019 Q3 2020
AVERAGE DAYS ON MARKET 86 Q3 2019 page 36
70 Q3 2020
AVERAGE SALES PRICE $814,607 Q3 2019
LIST PRICE TO SALES PRICE RATIO 96% Q3 2019
97% Q3 2020
$947,350 Q3 2020
CONDOMINIUMS NUMBER OF SALES 187 Q3 2019
308 Q3 2020
SOLD VOLUME UP 137% $49,648,105 $117,651,467 Q3 2019 Q3 2020
AVERAGE DAYS ON MARKET 76 Q3 2019
81 Q3 2020
AVERAGE SALES PRICE $265,497 Q3 2019
$381,985 Q3 2020
LIST PRICE TO SALES PRICE RATIO 95% Q3 2019
97% Q3 2020 page 37
PANAMA CITY BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES
SOLD VOLUME UP 44%
AVERAGE SALES PRICE
75 Q3 2019
$43,073,911 $61,910,625 Q3 2019 Q3 2020
$574,318 Q3 2019
95 Q3 2020
AVERAGE DAYS ON MARKET 73 Q3 2019 page 38
88 Q3 2020
LIST PRICE TO SALES PRICE RATIO 94% Q3 2019
95% Q3 2020
$651,690 Q3 2020
CONDOMINIUMS NUMBER OF SALES
SOLD VOLUME UP 11%
AVERAGE SALES PRICE
164 Q3 2019
$46,455,200 $51,641,165 Q3 2019 Q3 2020
$283,263 Q3 2019
161 Q3 2020
AVERAGE DAYS ON MARKET 144 Q3 2019
92 Q3 2020
$320,752 Q3 2020
LIST PRICE TO SALES PRICE RATIO 98% Q3 2019
98% Q3 2020 page 39
OVERALL Q3 MARKET STATS DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 571 Q3 2019
1,051 Q3 2020
SOLD VOLUME UP 159% $497,975,780 $1,291,024,091 Q3 2019 Q3 2020
AVERAGE DAYS ON MARKET 102 Q3 2019 page 40
116 Q3 2020
AVERAGE SALES PRICE $872,112 Q3 2019
LIST PRICE TO SALES PRICE RATIO 95% Q3 2019
96% Q3 2020
$1,228,377 Q3 2020
OVERALL Q3 MARKET STATS CONDOS
NUMBER OF SALES 512 Q3 2019
725 Q3 2020
SOLD VOLUME UP 61% $170,536,901 $275,377,257 Q3 2019 Q3 2020
AVERAGE SALES PRICE $333,080 Q3 2019
$379,831 Q3 2020
AVERAGE DAYS ON MARKET 104 Q3 2019
98 Q3 2020
LIST PRICE TO SALES PRICE RATIO 96% Q3 2019
97% Q3 2020 page 41