2024 Nashville & Northwest Florida Q1 Real Estate Market Report

Page 1

'Feelin'

Featured On the Cover

38 Seaside Avenue

Seaside, FL

Hilary Farnum-Fasth & Jacob Watkins

Offered at $5,900,000

Good Again'', is just steps away from Seaside's bustling town square, and a short walk to one of the most captivating beaches on the Gulf Coast.

"The towering two-story veranda might initially take your breath away, but it's only the beginning of the

exquisite and timeless interior.

"
38 Seaside Avenue exudes simply classic yet impactful style with all the comforts of home,”
PAGE 2 | 2023 FIRST QUARTER REVIEW

Nashville,Tennessee

storytellers dreams

Acityof and whereallarewelcome.

Now more than ever, Nashville is on the radar. Named one of the “Best Places to Travel” by Travel + Leisure, one of the “Top Places to Go” by The New York Times and one of the “Destinations You Don’t Want to Miss Out On” by Conde Nast Traveler, Nashville offers everything from an electrifying multigenre music scene, award-winning cuisine, historic homes, world-class art, a myriad of attractions, unique shopping, college and professional sports, and more.

A city with a backbeat and a twang that never forgets its roots. As the “Country Music Capital of the World,” Nashville is world-renowned for its music and honky-tonks Although music influences virtually every aspect of modern life in the cosmopolitan city, Nashville has a diverse and storied history. While many people know that the city was founded on Christmas Eve in 1779, most do not know that President Roosevelt crafted the phrase “good to the last drop.”

Nashville is widely known as Music City–and for good reason. But music’ s not the only thing that makes the city famous. Whether you ’ re a foodie, a history buff, or simply looking for a fun vacation destination, Nashville offers exciting and unique experiences for all ages and interests. If you appreciate art, Nashville’ s got something for you, too. Whether it’ s a walking tour of the city’ s many murals or a day spent at a world-renowned museum, there’ s plenty of beauty to take in around Music City Nashville’ s got sports fans covered, too Whether you ’ re a fan of football, hockey, racing, or baseball, there’ s a team for you to root for in Music City.

PAGE 3 | 2024 FIRST QUARTER REVIEW
Number of Sales Average Sales Price +7% YEAR OVER YEAR $824K Percentage of List Sold 98% Average List Price +8% YEAR OVER YEAR $855K Average Price per Sq Foot +0.31% YEAR OVER YEAR $323 Average Days on Market +9.4% YEAR OVER YEAR 35 Median Sales Price +1% YEAR OVER YEAR $575K 2024 FIRST QUARTER REVIEW | PAGE 4
Number of Sales -17% YEAR OVER YEAR Average Sales Price +4% YEAR OVER YEAR $483K Percentage of List Sold 97% Average List Price +4% YEAR OVER YEAR $495K Average Price per Sq Foot +2% YEAR OVER YEAR $393 Average Days on Market +31% YEAR OVER YEAR 38 Median Sales Price +7% YEAR OVER YEAR $378K PAGE 5 | 2024 FIRST QUARTER REVIEW
Williamson County SINGLE-FAMILY RESIDENCE SALES JANUARY 2024- MARCH 2024 Number of Sales -6% YEAR OVER YEAR 776 AverageSalesPrice -+13% YEAR OVER YEAR $1.24M PercentageofListSold 98% AverageListPrice +14% YEAR OVER YEAR $1.27M 2024 FIRST QUARTER REVIEW | PAGE 6 Al 2024 data is provided by Realtracs as provided by Greater Nashv lle Assoc ation of Realtors and is deemed reliable as of May 13, 2024 but is not guaranteed and should be ndependent y ver fied AveragePriceperSqFoot +8% YEAR OVER YEAR $345 AverageDaysonMarket +3% YEAR OVER YEAR 37 MedianSalesPrice +9% YEAR OVER YEAR $973K
City of Franklin SINGLE-FAMILY RESIDENCE SALES JANUARY 2024 - MARCH 2024 Number of Sales -4% YEAR OVER YEAR 353 AverageSalesPrice +16% YEAR OVER YEAR $1.23M PercentageofListSold 98% AverageListPrice +17% YEAR OVER YEAR $1.27M AveragePriceperSqFoot -7% YEAR OVER YEAR $315 AverageDaysonMarket +3% YEAR OVER YEAR 31 MedianSalesPrice +6% YEAR OVER YEAR $985K A l 2024 data is prov ded by Rea tracs as provided by Greater Nashvil e Association of Realtors and is deemed re iable as of May 13, 2024 but is not guaranteed and should be independently verified PAGE 7 | 2024 FIRST QUARTER REVIEW
Brentwood SINGLE-FAMILY RESIDENCE SALES JANUARY 2024 - MARCH 2024 Number of Sales +12% YEAR OVER YEAR 150 AverageSalesPrice +2% YEAR OVER YEAR $1.56M PercentageofListSold 98% AverageListPrice +5% YEAR OVER YEAR $1.61M AveragePriceperSqFoot +9% YEAR OVER YEAR $363 AverageDaysonMarket +17% YEAR OVER YEAR 42 MedianSalesPrice +5% YEAR OVER YEAR $1.21M 2024 FIRST QUARTER REVIEW | PAGE 8 All 2024 data s provided by Realtracs as provided by Greater Nashvil e Associat on of Realtors and is deemed re iab e as of May 13 2024 but is not guaranteed and should be independent y verified
Wilson
SINGLE-FAMILY RESIDENCE SALES JANUARY 2024 - MARCH 2024 Number of Sales -1% YEAR OVER YEAR 532 AverageSalesPrice +5% YEAR OVER YEAR $525K PercentageofListSold 98% AverageListPrice +5% YEAR OVER YEAR $536K AveragePriceperSqFoot +4% YEAR OVER YEAR $227 AverageDaysonMarket +4% YEAR OVER YEAR 29 MedianSalesPrice +2% YEAR OVER YEAR $470K PAGE 9 | 2024 FIRST QUARTER REVIEW A l 2024 data is prov ded by Rea tracs as provided by Greater Nashvil e Association of Realtors and is deemed re iable as of May 13, 2024 but is not guaranteed and should be independently verified
County
SINGLE-FAMILY RESIDENCE SALES JANUARY 2024 - MARCH 2024
of Sales -1% YEAR OVER YEAR 1,737 AverageSalesPrice +8% YEAR OVER YEAR $708K PercentageofListSold 98% AverageListPrice +9% YEAR OVER YEAR $733K AveragePriceperSqFoot +1% YEAR OVER YEAR $294 AverageDaysonMarket 0% YEAR OVER YEAR 34 MedianSalesPrice +7% YEAR OVER YEAR $506K 2024 FIRST QUARTER REVIEW | PAGE 10 Al 2024 data is provided by Realtracs as prov ded by Greater Nashv lle Assoc ation of Rea tors and s deemed rel able as of May 13, 2024 but s not guaranteed and shou d be ndependently verif ed
Davidson County
Number
SINGLE-FAMILY RESIDENCE SALES JANUARY 2023- MARCH 2023 Number of Sales -8% YEAR OVER YEAR 22 AverageSalesPrice +15% YEAR OVER YEAR $271K PercentageofListSold 95% AverageListPrice +16% YEAR OVER YEAR $284K AveragePriceperSqFoot +10% YEAR OVER YEAR $171 AverageDaysonMarket +29% YEAR OVER YEAR 63 MedianSalesPrice +21% YEAR OVER YEAR $277K PAGE 11 | 2024 FIRST QUARTER REVIEW A l 2024 data is prov ded by Rea tracs as provided by Greater Nashvil e Association of Realtors and is deemed re iable as of May 13, 2024 but is not guaranteed and should be independently verified
City of Crossville
2024 FIRST QUARTER REVIEW | PAGE 12

ScenicHighway30A,FL

“Atsea,Ilearnedhow apersonneeds,nothow ” -RobinLeeGraham

By taking the scenic route along 30A, whether by car, bicycle or on foot, you ’ll journey past four state parks, 27 miles of greenway trails, eleven rare coastal dune lakes, and twelve beach communities. And you ’ll behold miles of stunningly beautiful beaches. It is an exciting and eclectic mix of hot Caribbean colors and soft pastels, with architecture to match each beach community’ s aesthetic, whether it be Old Florida’ s traditional 2-3 story homes, or the cottages of Seaside with white picket fences and pedestrian pathways to New Urbanism, or its miles of greenway trails connecting state parks, preserves and residential areas.

Remarkably, all of Scenic 30-A’ s famous beaches are certified as Blue Wave Beaches, akin to the Good Housekeeping Seal of Approval when it comes to cleanliness and safety. Scenic 30-A’ s shimmering sugar-fine sands combined with shades of turquoise-blue and emerald-green waters are breathtakingly beautiful, sun up or sundown. These beaches are naturally beautiful no dredging and filling have replaced the crystalline grains of sand that squeak when you walk on them. Beach nourishment, the formation of sand dunes, and other educational programs to Keep Off the Dunes are critical to protecting the Gulf Shores and Scenic 30-A’ s reputation as a tourist destination known for its world-class beaches.

little much 2024 FIRST QUARTER REVIEW | PAGE 13

Single Family Residence Sales

2024 First Quarter

Number of Sales -13.2% YEAR OVER YEAR 184 Average Sales Price +6% YEAR OVER YEAR $2.14M Percentage of List Sold 92% Average Active Price -6% YEAR OVER YEAR $3.15M Average Price per Sq Foot +4% YEAR OVER YEAR $789 Average Days on Market +42% YEAR OVER YEAR 129 Median Sales Price +6% YEAR OVER YEAR $1.49M
2024 FIRST QUARTER REVIEW | PAGE 14
SINGLE-FAMILY RESIDENCE SALES JANUARY 2024- MARCH 2024 Number of Sales +33% YEAR OVER YEAR 4 AverageSalesPrice -8% YEAR OVER YEAR $3.95M PercentageofListSold 83% AverageActivePrice -27% YEAR OVER YEAR $4.44M AveragePriceperSqFoot -20% YEAR OVER YEAR $1,392 AverageDaysonMarket +1,525% YEAR OVER YEAR 195 MedianSalesPrice +7% YEAR OVER YEAR $4.08M A l 2024 data s provided by FLEX/MLS as prov ded by Centra Panhandle Assoc ation of Re ators / Emera d Coast Associat on of Realtors and s deemed rel able as of May 13, 2024 but is not guaranteed and shou d be independently verified PAGE 15 | 2024 FIRST QUARTER REVIEW
Rosemary Beach
Alys Beach SINGLE-FAMILY RESIDENCE SALES JANUARY 2024- MARCH 2024 Number of Sales +133% YEAR OVER YEAR 7 AverageSalesPrice -9% YEAR OVER YEAR $5.53M PercentageofListSold 101% AverageActivePrice +14% YEAR OVER YEAR $6.98M AveragePriceperSqFoot +25% YEAR OVER YEAR $1,655 AverageDaysonMarket -79% YEAR OVER YEAR 16 MedianSalesPrice -13% YEAR OVER YEAR $5.24M 2024 FIRST QUARTER REVIEW | PAGE 16 A l 2024 data is prov ded by FLEX/MLS as prov ded by Centra Panhandle Assoc ation of Re ators / Emera d Coast Associat on of Rea tors and is deemed rel able as of May 13, 2024 but is not guaranteed and shou d be independently verified
SINGLE-FAMILY RESIDENCE SALES JANUARY 2024- MARCH 2024 Number of Sales -80% YEAR OVER YEAR 1 AverageSalesPrice +11%YEAR OVER YEAR $5.95M PercentageofListSold 100% AverageActivePrice +21% YEAR OVER YEAR $6.59M AveragePriceperSqFoot -7.3% YEAR OVER YEAR $1,323 AverageDaysonMarket -99.4 % YEAR OVER YEAR 1 MedianSalesPrice +13% YEAR OVER YEAR $5.95M PAGE 17 | 2024 FIRST QUARTER REVIEW A l 2024 data s provided by FLEX/MLS as prov ded by Centra Panhandle Assoc ation of Re ators / Emera d Coast Associat on of Realtors and s deemed rel able as of May 13, 2024 but is not guaranteed and shou d be independently verified
WaterSound Beach

JANUARY 2024- MARCH 2024

Number of Sales -32% YEAR OVER YEAR 50 AverageSalesPrice -20% YEAR OVER YEAR $1.47M PercentageofListSold 92% AverageActivePrice -7% YEAR OVER YEAR $1.34M AveragePriceperSqFoot +43% YEAR OVER YEAR $1,249 AverageDaysonMarket +21% YEAR OVER YEAR 102 MedianSalesPrice -0 2% YEAR OVER YEAR $925K 30A
CONDOMINIUM SALES
2024 FIRST QUARTER REVIEW | PAGE 18 All 2024 data is prov ded by FLEX/MLS as prov ded by Centra Panhandle Association of Relators / Emerald Coast Associat on of Rea tors and is deemed re iable as of May 13, 2024 but is not guaranteed and shou d be independently verif ed
WaterSound Origins SINGLE-FAMILY RESIDENCE SALES JANUARY 2024- MARCH 2024 Number of Sales -24% YEAR OVER YEAR 35 AverageSalesPrice +1 6% YEAR OVER YEAR $1.16M PercentageofListSold 100% AverageActivePrice +0.2% YEAR OVER YEAR $1.46M AveragePriceperSqFoot +3% YEAR OVER YEAR $472 AverageDaysonMarket +5 7% YEAR OVER YEAR 37 MedianSalesPrice +8 7% YEAR OVER YEAR $1.07M SoWal.com PAGE 19 | 2024 FIRST QUARTER REVIEW A l 2024 data s provided by FLEX/MLS as prov ded by Centra Panhandle Assoc ation of Re ators / Emera d Coast Associat on of Realtors and s deemed rel able as of May 13, 2024 but is not guaranteed and shou d be independently verified

Theworlds fishingVillage luckiest Destin, FL

Destin, located in the northernmost part of Florida on the Gulf of Mexico has an abundance of beautiful beaches, crystal clear water, and verdant golf courses. There are five beachfront parks with amenities and 12 access points. Pick your pleasure from Henderson Beach to Topsail Hill. Or lavish yourself with a Gulf-front resort.

The origins of Destin's nickname as the "World's Luckiest Fishing Village" are just as interesting as the moniker itself. Originally a "little fishing community" on the Gulf of Mexico, the town of Destin was named after a fisherman named Leonard Destin. Captain Destin carried with him a sense of identity and place from his native New England. For this reason, a miniature town was built that resembled a New England colonial village. In fact, the Henderson State Park Inn, often regarded as Destin's finest resort, is only one of several structures and hotels that has managed to preserve the city's historic character and ambiance

Calm waters and shallow depths and numerous fish are because the edge of the Continental Shelf -- the gathering place for blackfin tuna, grouper, amberjack, and king mackerel -- is just 20 miles offshore Don't forget about Crab Island, what used to be an island, has been eroded by particles of sand that have accumulated in the Gulf of Mexico, leaving just a sandy spot where hundreds of vessels anchor annually.

2024 FIRST QUARTER REVIEW | PAGE 20

Single Family Residence Sales

2024 First Quarter

-3% YEAR OVER YEAR 72 Average Sales Price +2% YEAR OVER YEAR $1.23M Percentage of List Sold 89% Average Active Price -5% YEAR OVER YEAR $1.83M Average Price per Sq Foot -1% YEAR OVER YEAR $460 Average Days on Market +51%YEAR OVER YEAR 95 Median Sales Price +1% YEAR OVER YEAR $980K Destin
Number of Sales
2024 FIRST QUARTER REVIEW | PAGE 21
Destin CONDOMINIUM SALES JANUARY 2024- MARCH 2024 Number of Sales -35% YEAR OVER YEAR 81 AverageSalesPrice +35% YEAR OVER YEAR $785K PercentageofListSold 92% AverageActivePrice -10% YEAR OVER YEAR $886K 2024 FIRST QUARTER REVIEW | PAGE 23 AveragePriceperSqFoot -0.5% YEAR OVER YEAR $564 AverageDaysonMarket +58% YEAR OVER YEAR 104 MedianSalesPrice +2% YEAR OVER YEAR $640K A l 2024 data is prov ded by FLEX/MLS as prov ded by Centra Panhandle Assoc ation of Re ators / Emera d Coast Associat on of Rea tors and is deemed rel able as of May 13, 2024 but is not guaranteed and shou d be independently verified
Kelly Plantation SINGLE-FAMILY RESIDENCE SALES JANUARY 2024- MARCH 2024 Number of Sales -66% YEAR OVER YEAR 8 AverageSalesPrice +53% YEAR OVER YEAR $1.87M PercentageofListSold 85% AverageActivePrice -26% YEAR OVER YEAR $2.73M AveragePriceperSqFoot +24% YEAR OVER YEAR $462 AverageDaysonMarket -11% YEAR OVER YEAR 84 MedianSalesPrice +20% YEAR OVER YEAR $1.19M PAGE 24 | 2024 FIRST QUARTER REVIEW A l 2024 data s provided by FLEX/MLS as prov ded by Centra Panhandle Assoc ation of Re ators / Emera d Coast Associat on of Realtors and s deemed rel able as of May 13, 2024 but is not guaranteed and shou d be independently verified
Regatta Bay SINGLE-FAMILY RESIDENCE SALES JANUARY 2024- MARCH 2024 Number of Sales +50% YEAR OVER YEAR 3 AverageSalesPrice +1% YEAR OVER YEAR $1.55M PercentageofListSold 97% AverageActivePrice -10% YEAR OVER YEAR $2.63M 2024 FIRST QUARTER REVIEW | PAGE 25 AveragePriceperSqFoot +17% YEAR OVER YEAR $522 AverageDaysonMarket -61% YEAR OVER YEAR 47 MedianSalesPrice -2%YEAR OVER YEAR $1.49M All 2024 data is prov ded by FLEX/MLS as prov ded by Centra Panhandle Association of Relators / Emerald Coast Associat on of Rea tors and is deemed re iable as of May 13, 2024 but is not guaranteed and shou d be independently verif ed
Number of Sales +10% YEAR OVER YEAR 11 AverageSalesPrice $2.39M PercentageofListSold 92% AverageActivePrice +12% YEAR OVER YEAR $4.15M AveragePriceperSqFoot +31% YEAR OVER YEAR $777 AverageDaysonMarket -63% YEAR OVER YEAR 30 MedianSalesPrice $2.5M Walton County
Bayfront SINGLE-FAMILY RESIDENCE SALES
2024- MARCH 2024 -9% YEAR OVER YEAR -+30% YEAR OVER YEAR PAGE 26 | 2024 FIRST QUARTER REVIEW A l 2024 data s provided by FLEX/MLS as prov ded by Centra Panhandle Assoc ation of Re ators / Emera d Coast Associat on of Realtors and s deemed rel able as of May 13, 2024 but is not guaranteed and shou d be independently verified
|
JANUARY
Number of Sales +140% YEAR OVER YEAR 12 AverageSalesPrice $2.14M PercentageofListSold 88% AverageActivePrice -12% YEAR OVER YEAR $3.59M AveragePriceperSqFoot +30% YEAR OVER YEAR $546 AverageDaysonMarket -32% YEAR OVER YEAR 82 MedianSalesPrice $1.68M Okaloosa
SINGLE-FAMILY RESIDENCE SALES JANUARY 2024 - MARCH 2024 +36% YEAR OVER YEAR +2% YEAR OVER YEAR 2024 FIRST QUARTER REVIEW | PAGE 27 All 2024 data is prov ded by FLEX/MLS as prov ded by Centra Panhandle Assoc ation of Re ators / Emera d Coast Associat on of Rea tors and is deemed re iable as of May 13, 2024 but is not guaranteed and shou d be independently verified
County | Bayfront
Number of Sales -35% YEAR OVER YEAR 34 AverageSalesPrice +15% YEAR OVER YEAR $1.73M PercentageofListSold 95% AverageActivePrice -27% YEAR OVER YEAR $1.79M AveragePriceperSqFoot +9% YEAR OVER YEAR $590 AverageDaysonMarket +14% YEAR OVER YEAR 48 MedianSalesPrice +59% YEAR OVER YEAR $1.53M SanDestin SINGLE-FAMILY RESIDENCE SALES
PAGE 28 | 2024 FIRST QUARTER REVIEW A l 2024 data is prov ded by FLEX/MLS as prov ded by Centra Panhandle Assoc ation of Re ators / Emera d Coast Associat on of Rea tors and is deemed rel able as of May 13, 2024 but is not guaranteed and shou d be independently verified
JANUARY 2023- MARCH 2023

JANUARY 2023- MARCH 2023

Number of Sales -47% YEAR OVER YEAR 39 AverageSalesPrice $1.57M Percentage of List Sold 90% AverageActivePrice -1% YEAR OVER YEAR $1.9M AveragePriceperSqFoot +4% YEAR OVER YEAR $575 AverageDaysonMarket +9% YEAR OVER YEAR 101 MedianSalesPrice $1.23M Miramar Beach SINGLE-FAMILY RESIDENCE SALES
+1% YEAR OVER YEAR +2% YEAR OVER YEAR 2023 FIRST QUARTER REVIEW | PAGE 29 A l 2024 data is prov ded by FLEX/MLS as prov ded by Centra Panhandle Assoc ation of Re ators / Emera d Coast Associat on of Rea tors and is deemed rel able as of May 13, 2024 but is not guaranteed and shou d be independently verified

PanamaCityBeach,FL

Where meetsthe you ’llfinditall.

Panama City Beach, featuring 27 miles of white sand beaches along the turquoise waters of the Gulf of Mexico, is home to two state parks (St. Andrews State Park and Camp Helen State Park), dozens of public beach access points, waterfront restaurants that serve up fresh local seafood, and legendary attractions

St. Andrews State Park has been named the #2 Beach in America by Trip Advisor. The 1,260-acre park has forests, sand dunes covered with sea oats, fresh and saltwater marshes, a lagoon swimming area, fishing jetties, hiking trails, 1.5 miles of beach, and two campgrounds. Opened in 1951, St. Andrews was once the site of a World War II Military Reservation and has won the World's Best Beach Award.

The waters at Panama City Beach are famous with fishermen and scuba divers who enjoy the benefits of dozens of offshore artificial reefs. With a coastline that angles slightly toward the west, you can watch the sunset over the Gulf of Mexico every day of the year

sand
PAGE 30 | 2023 FIRST QUARTER REVIEW
surf

Single Family Residence Sales

2024 First Quarter

Average Sales Price Percentage of List Sold Average Active Price Average Price per Sq Foot Average Days on Market Median Sales Price Number of Sales -14% YEAR OVER YEAR -5%YEAR OVER YEAR $641K 91% -4% YEAR OVER YEAR $991K -1% YEAR OVER YEAR $325 +5% YEAR OVER YEAR 85 -3% YEAR OVER YEAR $510K Panama City Beach
2023 FIRST QUARTER REVIEW | PAGE 31 208
SINGLE-FAMILY RESIDENCE SALES JANUARY 2024 - MARCH 2024 Number of Sales -83% YEAR OVER YEAR 1 AverageSalesPrice +70% YEAR OVER YEAR $6.25M PercentageofListSold 80% AverageActivePrice -4% YEAR OVER YEAR $4.81M AveragePriceperSqFoot +12% YEAR OVER YEAR $982 AverageDaysonMarket +206% YEAR OVER YEAR 370 MedianSalesPrice +82% YEAR OVER YEAR $6.25M 2023 FIRST QUARTER REVIEW | PAGE 33 All 2024 data is prov ded by FLEX/MLS as prov ded by Centra Panhandle Association of Relators / Emerald Coast Associat on of Rea tors and is deemed re iable as of May 13, 2024 but is not guaranteed and shou d be independently verif ed
Panama City Beach Gulf Front
Panama City Beach CONDOMINIUM SALES JANUARY 2024 - MARCH 2024 Number of Sales -20% YEAR OVER YEAR 240 AverageSalesPrice -4% YEAR OVER YEAR $465K AverageActivePrice -6% YEAR OVER YEAR $496K AverageDaysonMarket +10% YEAR OVER YEAR 80 MedianSalesPrice -10% YEAR OVER YEAR $392K PercentageofListSold 91% AveragePriceperSqFoot -10% YEAR OVER YEAR $397 PAGE 34 | 2023 FIRST QUARTER REVIEW A l 2024 data s provided by FLEX/MLS as prov ded by Centra Panhandle Assoc ation of Re ators / Emera d Coast Associat on of Realtors and s deemed rel able as of May 13, 2024 but is not guaranteed and shou d be independently verified

Panama City Beach | The Palazzo

CONDOMINIUM SALES JANUARY 2024 - MARCH 2024 Number of Sales -20% YEAR OVER YEAR 4 AverageSalesPrice -12% YEAR OVER YEAR $896K AverageActivePrice +21% YEAR OVER YEAR $906K AverageDaysonMarket +57% YEAR OVER YEAR 94 MedianSalesPrice -32% YEAR OVER YEAR $623K PercentageofListSold 94% AveragePriceperSqFoot -6% YEAR OVER YEAR $577 2023 FIRST QUARTER REVIEW | PAGE 35 All 2024 data is prov ded by FLEX/MLS as prov ded by Centra Panhandle Association of Relators / Emerald Coast Associat on of Rea tors and is deemed re iable as of May 13, 2024 but is not guaranteed and shou d be independently verif ed

PanamaCity,FL

Where

sand surf

meetsthe you ’llfinditall.

Panama City Beach, featuring 27 miles of white sand beaches along the turquoise waters of the Gulf of Mexico, is home to two state parks (St. Andrews State Park and Camp Helen State Park), dozens of public beach access points, waterfront restaurants that serve up fresh local seafood, and legendary attractions.

St. Andrews State Park has been named the #2 Beach in America by Trip Advisor. The 1,260-acre park has forests, sand dunes covered with sea oats, fresh and saltwater marshes, a lagoon swimming area, fishing jetties, hiking trails, 1.5 miles of beach, and two campgrounds. Opened in 1951, St. Andrews was once the site of a World War II Military Reservation and has won the World's Best Beach Award.

The waters at Panama City Beach are famous with fishermen and scuba divers who enjoy the benefits of dozens of offshore artificial reefs. With a coastline that angles slightly toward the west, you can watch the sunset over the Gulf of Mexico every day of the year.

PAGE 36 | 2023 FIRST QUARTER REVIEW

Single Family Residence Sales 2024 First Quarter

Number of Sales -11% YEAR OVER YEAR 367 Average Sales Price -1% YEAR OVER YEAR $332K Percentage of List Sold 95% Average Active Price -4% YEAR OVER YEAR $394K Average Price per Sq Foot +7% YEAR OVER YEAR $189 Average Days on Market +5% YEAR OVER YEAR 70 Median Sales Price -5% YEAR OVER YEAR $295K Panama City
2024 FIRST QUARTER REVIEW | PAGE 37
Find your way home with Corcoran Reverie 30A Office 5410 E Co Hwy 30A, Ste 103, Santa Rosa Beach, Florida 32459 o 850.213.5030 Destin Office 12889 W US Hwy 98 Units 101B & 102B, Miramar Beach, Fl 32550 o 850.424.3094 Panama City Office 315 Harrison Ave, Panama City, Florida 32401 o 850.309.1330 Nashville Office 40 Burton Hills Blvd, Ste 230, Nashville, Tennessee 37215 o 615.250.7880

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