Q4 2022 | MARKET REPORT 25 FORT PANIC ROAD OFFERED AT $8,749,000
TABLE OF CONTENTS STATE OF THE MARKET SUMMARY pages 4-5 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 NOTABLE SALES pages 6-13 LUXURY LISTINGS pages 14-21 page 3 PANAMA CITY BEACH MARKET STATS pages 40-41 DESTIN MARKET STATS pages 36-37 MIRAMAR BEACH & SANDESTIN MARKET STATS pages 38-39 OVERALL MARKET STATS DETACHED SINGLE FAMILY HOMES page 42 OVERALL MARKET STATS CONDOMINIUMS page 43
STATE OF THE MARKET
While Q4 2022 was another quarter in real estate of unexpected changes, we number one in real estate offices and number five in overall sales volume in the has advisors gearing up for a slower, steadier market. The number of transactions climbed even higher than last year’s market. We are anticipating additional buyers rates. Q4 has forced advisors to go back to the basics of selling through utilizing estate market with a higher quantity of transactions closing.
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we set new records for our shop continuing our market share gains. Finishing the market, quarter 4 had the largest impact of a turning market in 2022 and transactions has continued to decrease year over year, however, sales prices have buyers entering the market now that we are seeing slight drops in interest utilizing their sphere and cold calling. We remain hopeful for a strong spring real
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NOTABLE Q4 SALES
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THE
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16 S BARRETT SQUARE SOLD FOR $7,800,000 IN ROSEMARY BEACH
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16525 FRONT BEACH ROAD SOLD FOR $4,100,000 IN PANAMA CITY BEACH
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page 13 408 WESTERN LAKE DRIVE SOLD FOR $2,862,000 IN WATERCOLOR
LUXURY LISTINGS page 14 45 RUNNING OAK CIRCLE OFFERED AT $4,595,000 IN WATERCOLOR
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page 16 25 N BELIZE LANE OFFERED AT $5,999,000 IN ROSEMARY BEACH
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page 19 4603 W COUNTY HWY 30A OFFERED AT $22,500,000 IN DUNE ALLEN
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100 FLATWOOD STREET OFFERED AT $4,798,900 IN WATERCOLOR page 21
Q4 2022 MARKET STATS
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INLET BEACH page 23 NUMBER OF SALES 43 Q4 2021 16 Q4 2022 AVERAGE PRICE PER SQ. FT. $639 Q4 2021 $662 Q4 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 45 Q4 2021 60 Q4 2022 LIST PRICE TO SALES PRICE RATIO 100% Q4 2021 101% Q4 2022 DETACHED SINGLE FAMILY HOMES $1,920,168 Q4 2021 $2,572,247 Q4 2022 UP 4% UP 34% UP 1%
ROSEMARY BEACH page 24 NUMBER OF SALES 14 Q4 2021 7 Q4 2022 AVERAGE PRICE PER SQ. FT. $1,243 Q4 2021 $1,858 Q4 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 66 Q4 2021 23 Q4 2022 LIST PRICE TO SALES PRICE RATIO 95% Q4 2021 95% Q4 2022 DETACHED SINGLE FAMILY HOMES $4,181,178 Q4 2021 $6,677,142 Q4 2022 UP 60% UP 49% DOWN 65%
ALYS BEACH page 25 NUMBER OF SALES 16 Q4 2021 6 Q4 2022 AVERAGE PRICE PER SQ. FT. $1,573 Q4 2021 $1,867 Q4 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 54 Q4 2021 22 Q4 2022 LIST PRICE TO SALES PRICE RATIO 99% Q4 2021 97% Q4 2022 DETACHED SINGLE FAMILY HOMES $5,540,616 Q4 2021 $6,392,331 Q4 2022 UP 19% UP 15% DOWN 59%
SEACREST page 26 NUMBER OF SALES 47 Q4 2021 15 Q4 2022 AVERAGE PRICE PER SQ. FT. $718 Q4 2021 $770 Q4 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 40 Q4 2021 97 Q4 2022 LIST PRICE TO SALES PRICE RATIO 96% Q4 2021 95% Q4 2022 DETACHED SINGLE FAMILY HOMES $1,873,235 Q4 2021 $1,878,386 Q4 2022 UP 7%
WATERSOUND BEACH page 27 NUMBER OF SALES 26 Q4 2021 5 Q4 2022 AVERAGE PRICE PER SQ. FT. $850 Q4 2021 $942 Q4 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 65 Q4 2021 188 Q4 2022 LIST PRICE TO SALES PRICE RATIO 97% Q4 2021 93% Q4 2022 DETACHED SINGLE FAMILY HOMES $2,639,191 Q4 2021 $2,787,000 Q4 2022 UP 6% UP 11%
SEAGROVE page 28 NUMBER OF SALES 47 Q4 2021 16 Q4 2022 AVERAGE PRICE PER SQ. FT. $698 Q4 2021 $1,029 Q4 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 62 Q4 2021 36 Q4 2022 LIST PRICE TO SALES PRICE RATIO 97% Q4 2021 97% Q4 2022 DETACHED SINGLE FAMILY HOMES $1,925,170 Q4 2021 $3,180,000 Q4 2022 UP 47% UP 65% DOWN 42%
SEASIDE page 29 NUMBER OF SALES 4 Q4 2021 2 Q4 2022 AVERAGE PRICE PER SQ. FT. $1,225 Q4 2021 $1,951 Q4 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 10 Q4 2021 52 Q4 2022 LIST PRICE TO SALES PRICE RATIO 99% Q4 2021 91% Q4 2022 DETACHED SINGLE FAMILY HOMES $3,063,750 Q4 2021 $2,550,000 Q4 2022 UP 59%
WATERCOLOR page 30 NUMBER OF SALES 20 Q4 2021 14 Q4 2022 AVERAGE PRICE PER SQ. FT. $957 Q4 2021 $1,041 Q4 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 24 Q4 2021 79 Q4 2022 LIST PRICE TO SALES PRICE RATIO 98% Q4 2021 95% Q4 2022 DETACHED SINGLE FAMILY HOMES $3,165,589 Q4 2021 $3,017,491 Q4 2022 UP 9%
GRAYTON BEACH page 31 NUMBER OF SALES 8 Q4 2021 2 Q4 2022 AVERAGE PRICE PER SQ. FT. $871 Q4 2021 $2,044 Q4 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 17 Q4 2021 8 Q4 2022 LIST PRICE TO SALES PRICE RATIO 101% Q4 2021 97% Q4 2022 DETACHED SINGLE FAMILY HOMES $2,053,210 Q4 2021 $6,018,750 Q4 2022 UP 135% UP 193% DOWN 53%
BLUE MOUNTAIN BEACH page 32 NUMBER OF SALES 69 Q4 2021 43 Q4 2022 AVERAGE PRICE PER SQ. FT. $564 Q4 2021 $629 Q4 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 42 Q4 2021 67 Q4 2022 LIST PRICE TO SALES PRICE RATIO 97% Q4 2021 95% Q4 2022 DETACHED SINGLE FAMILY HOMES $1,428,784 Q4 2021 $1,559,766 Q4 2022 UP 12% UP 9%
DUNE ALLEN page 33 NUMBER OF SALES 67 Q4 2021 26 Q4 2022 AVERAGE PRICE PER SQ. FT. $427 Q4 2021 $528 Q4 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 46 Q4 2021 73 Q4 2022 LIST PRICE TO SALES PRICE RATIO 99% Q4 2021 99% Q4 2022 DETACHED SINGLE FAMILY HOMES $1,062,657 Q4 2021 $1,251,959 Q4 2022 UP 24% UP 18%
page 34 30A GULF FRONT NUMBER OF SALES 7 Q4 2021 6 Q4 2022 AVERAGE PRICE PER SQ. FT. $1,822 Q4 2021 $2,629 Q4 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 84 Q4 2021 64 Q4 2022 LIST PRICE TO SALES PRICE RATIO 92% Q4 2021 95% Q4 2022 DETACHED SINGLE FAMILY HOMES $5,918,457 Q4 2021 $13,025,000 Q4 2022 DOWN 24% UP 44% UP 120% UP 3%
page 35 NUMBER OF SALES 21 Q4 2021 13 Q4 2022 AVERAGE PRICE PER SQ. FT. $1,010 Q4 2021 $1,097 Q4 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 69 Q4 2021 37 Q4 2022 LIST PRICE TO SALES PRICE RATIO 94% Q4 2021 96% Q4 2022 CONDOMINIUMS $1,800,119 Q4 2021 $1,461,461 Q4 2022 UP 9% UP 2% DOWN 46%
DESTIN NUMBER OF SALES 129 Q4 2021 70 Q4 2022 AVERAGE PRICE PER SQ. FT. $408 Q4 2021 $442 Q4 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 61 Q4 2021 57 Q4 2022 LIST PRICE TO SALES PRICE RATIO 98% Q4 2021 96% Q4 2022 DETACHED SINGLE FAMILY HOMES $1,228,515 Q4 2021 $1,167,372 Q4 2022 UP 8% page 36 DOWN 7%
NUMBER OF SALES 218 Q4 2021 100 Q4 2022 AVERAGE PRICE PER SQ. FT. $456 Q4 2021 $539 Q4 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 50 Q4 2021 51 Q4 2022 LIST PRICE TO SALES PRICE RATIO 98% Q4 2021 97% Q4 2022 CONDOMINIUMS $619,395 Q4 2021 $646,052 Q4 2022 UP 18% UP 4% page 37
MIRAMAR BEACH & SANDESTIN NUMBER OF SALES 158 Q4 2021 69 Q4 2022 AVERAGE PRICE PER SQ. FT. $434 Q4 2021 $540 Q4 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 31 Q4 2021 56 Q4 2022 LIST PRICE TO SALES PRICE RATIO 98% Q4 2021 96% Q4 2022 DETACHED SINGLE FAMILY HOMES $1,189,619 Q4 2021 $1,426,934 Q4 2022 UP 24% UP 20% page 38
NUMBER OF SALES 236 Q4 2021 118 Q4 2022 AVERAGE PRICE PER SQ. FT. $424 Q4 2021 $509 Q4 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 41 Q4 2021 53 Q4 2022 LIST PRICE TO SALES PRICE RATIO 98% Q4 2021 96% Q4 2022 CONDOMINIUMS $476,406 Q4 2021 $602,205 Q4 2022 UP 20% UP 26% page 39
PANAMA CITY BEACH NUMBER OF SALES 89 Q4 2021 61 Q4 2022 AVERAGE PRICE PER SQ. FT. $341 Q4 2021 $395 Q4 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 42 Q4 2021 49 Q4 2022 LIST PRICE TO SALES PRICE RATIO 98% Q4 2021 99% Q4 2022 DETACHED SINGLE FAMILY HOMES $829,866 Q4 2021 $808,116 Q4 2022 UP 16% page 40 UP 1%
NUMBER OF SALES 152 Q4 2021 92 Q4 2022 AVERAGE PRICE PER SQ. FT. $391 Q4 2021 $454 Q4 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 149 Q4 2021 59 Q4 2022 LIST PRICE TO SALES PRICE RATIO 97% Q4 2021 96% Q4 2022 CONDOMINIUMS $460,900 Q4 2021 $546,148 Q4 2022 UP 16% UP 18% DOWN 60% page 41
OVERALL Q4 MARKET STATS DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 737 Q4 2021 352 Q4 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 43 Q4 2021 62 Q4 2022 LIST PRICE TO SALES PRICE RATIO 98% Q4 2021 96% Q4 2022 $782 Q4 2021 $1,050 Q4 2022 $2,292,968 Q4 2021 $2,949,107 Q4 2022 AVERAGE PRICE PER SQ. FT. UP 34% UP 29% page 42 Q4
OVERALL Q4 MARKET STATS CONDOS NUMBER OF SALES 606 Q4 2021 310 Q4 2022 AVERAGE SALES PRICE AVERAGE DAYS ON MARKET 80 Q4 2021 54 Q4 2022 LIST PRICE TO SALES PRICE RATIO 98% Q4 2021 96% Q4 2022 $424 Q4 2021 $501 Q4 2022 $518,900 Q4 2021 $598,135 Q4 2022 AVERAGE PRICE PER SQ. FT. UP 18% UP 15% DOWN 32% page 43
