The Reverie Report 2022 Q1 Market Review Northwest Florida
Featured on the Cover 19 Elysee Court, Inlet Beach, FL 32461 MLS: 892077 | 5 Bedrooms | 4.5 Baths | 4,682 Sq. Ft. | Offered at $5.690M Luxury Real Estate Advisors: Hilary & Jacob Nestled behind the private gates of the coveted Elysee community, this visually striking edifice encapsulates a Bermuda-inspired design with a modern flair. A unique collaboration between renowned architect Bill Ingram and the talented build team at Cole Construction, the masterfully planned layout spans three levels with over 4,600 square feet of living space. The stunning arched entry door leads way to the spacious living and dining areas on the main level. Designed with family gatherings and entertaining in mind, the dual living areas and dining area open up to the Chef's kitchen featuring custom cabinetry, marble tops, a luxury appliance suite, and a waterfall island with an integrated banquette. Located directly off of the living area, the outdoor oasis with a private pool and sun-bathing area offers a true retreat synonymous with relaxation. The floating staircase framed by floor-to-ceiling windows provides access to the second level which encompasses the main suite along with two additional bedroom suites. Overflowing with natural light, the main suite is adorned with solid oak flooring and an oversized walk-in closet. The spa-like ensuite incorporates dual vanities, WaterWorks fixtures, a tiled walk-in shower, water closet, and grand soaking tub. Two additional guest suites are found on the uppermost level. With over 500 square feet of outdoor living space, the balcony and terrace areas are the perfect place to unwind and enjoy the idyllic palate of vibrant color and majestic glow emulated from the renowned Emerald Coast sunsets each and every night. Poised between Alys Beach and Rosemary Beach, Elysee provides easy connectivity to the array of world-class dining and shopping venues each iconic 30A town center has to offer. Comprised of nineteen exclusive homesites, the low-density community of Elysee boasts manicured grounds and private beach access. Impressive rental income potential coupled with the utmost level of finishes and features oftentimes only found in primary residences, 19 Elysee Court is a compelling opportunity for investors and residents alike. Inquire today to schedule a private viewing and start living the coastal lifestyle you deserve.
Corcoran Reverie Noteworthy Statistics 2022 Q1 Market Review Ranked
255
#3
Closed Transaction Sides January 2022 - March 2022
Based on Closed Office Sales Volume
January 2022 - March 2022
$978,000
160+
Average Transaction Price January 2022 - March 2022
Full Time Licensed Luxury Property Specialists
$249M+
Table of Contents
Closed Sales Volume January 2022 - March 2022
Featured Property | Page 2 Noteworthy Statistics | Page 3 30A Market Review| Page 4 Destin Market Review | Page 17 Panama City Beach Market Review | Page 24 Panama City Market Review | Page 28
11 PATIENCE LANE, AT GRACE POINT ON 30A MLS: 894570 | OFFERED AT $5,800,000 LISTING AGENT: MARLA HANNA Statistics based on total closed sales volume and individual office closed sales volume where applicable as reported by Emerald Coast Association of Realtors on 04/11/2022 for the time period beginning on 01/01/2022 and ending on 03/31/2022. Source data is deemed reliable but not guaranteed.
2022 Q1 Market Review | Pg. 3
30A 2022 Q1 Market Review 30A Overall
5
30A East
6
30A West
7
30A Gulf-Front
8
Watercolor
9
Seaside
10
WaterSound Beach
12
WaterSound Origins
13
Rosemary Beach
14
Alys Beach
15
30A Condos
16
Dave Warren Real Estate Photography
30A Overall SINGLE-FAMILY RESIDENCE SALES JANUARY 2022 - MARCH 2022
Number of Sales
391 -13% YEAR OVER YEAR
Percentage of List Sold
Highest Price Sale
Average Price per Sq. Ft.
98%
$24.0M
$694
0% YEAR OVER YEAR
+42% YEAR OVER YEAR
+16% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
48
$499K
$2.11M
-24% YEAR OVER YEAR
+54% YEAR OVER YEAR
+15% YEAR OVER YEAR
All 2022 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of April 11, 2022 but is not guaranteed and should be independently verified.
2022 Q1 Market Review | Pg. 5
MLS: 880719 | $2.595MM
30A East SINGLE-FAMILY RESIDENCE SALES JANUARY 2022 - MARCH 2022
Number of Sales
239 -26% YEAR OVER YEAR
Percentage of List Sold
Highest Price Sale
Average Price per Sq. Ft.
98%
$24.0M
$779
0% YEAR OVER YEAR
+42% YEAR OVER YEAR
+21% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
45
$516K
$2.4M
-30% YEAR OVER YEAR
+52% YEAR OVER YEAR
+24% YEAR OVER YEAR
All 2022 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of April 11, 2022 but is not guaranteed and should be independently verified.
2022 Q1 Market Review | Pg. 6
30A West SINGLE-FAMILY RESIDENCE SALES JANUARY 2022 - MARCH 2022
Number of Sales
153 +20% YEAR OVER YEAR
Percentage of List Sold
Highest Price Sale
Average Price per Sq. Ft.
98%
$13.2M
$558
-1% YEAR OVER YEAR
+40% YEAR OVER YEAR
+14% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
53
$499K
$1.5M
-12% YEAR OVER YEAR
+54% YEAR OVER YEAR
+6% YEAR OVER YEAR
All 2022 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of April 11, 2022 but is not guaranteed and should be independently verified.
2022 Q1 Market Review | Pg. 7
30A Gulf-Front SINGLE-FAMILY RESIDENCE SALES JANUARY 2022 - MARCH 2022
Number of Sales
13 -50% YEAR OVER YEAR
Percentage of List Sold
Highest Price Sale
Average Price per Sq. Ft.
98%
$24.0M
$1,976
+3% YEAR OVER YEAR
+42% YEAR OVER YEAR
+20% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
34
$3.9M
$10.0M
-74% YEAR OVER YEAR
+98% YEAR OVER YEAR
+70% YEAR OVER YEAR
All 2022 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of April 11, 2022 but is not guaranteed and should be independently verified.
2022 Q1 Market Review | Pg. 8
Watercolor SINGLE-FAMILY RESIDENCE SALES JANUARY 2022 - MARCH 2022
Number of Sales
19 -57% YEAR OVER YEAR
Percentage of List Sold
Highest Price Sale
Average Price per Sq. Ft.
98%
$5.5M
$1,011
-1% YEAR OVER YEAR
-12% YEAR OVER YEAR
+45% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
51
$1.7M
$3.2M
+46% YEAR OVER YEAR
+82% YEAR OVER YEAR
+51% YEAR OVER YEAR
All 2022 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of April 11, 2022 but is not guaranteed and should be independently verified.
2022 Q1 Market Review | Pg. 9
Dave Warren Real Estate Photography
Seaside SINGLE-FAMILY RESIDENCE SALES JANUARY 2022 - MARCH 2022
Number of Sales
4 -43% YEAR OVER YEAR
Percentage of List Sold
Highest Price Sale
Average Price per Sq. Ft.
100%
$6.4M
$2,005
+2% YEAR OVER YEAR
+3% YEAR OVER YEAR
+1% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
11
$1.6M
$3.5M
-81% YEAR OVER YEAR
+7% YEAR OVER YEAR
-3% YEAR OVER YEAR
All 2022 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of April 11, 2022 but is not guaranteed and should be independently verified.
2022 Q1 Market Review | Pg. 10
be grooves be moves be mellow
2022 Q1 Market Review | Pg. 11
Dave Warren Real Estate Photography
WaterSound Beach SINGLE-FAMILY RESIDENCE SALES JANUARY 2022 - MARCH 2022
Number of Sales
10 -38% YEAR OVER YEAR
Percentage of List Sold
Highest Price Sale
Average Price per Sq. Ft.
97%
$4.7M
$955
+1% YEAR OVER YEAR
-27% YEAR OVER YEAR
+12% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
52
$2.1M
$3.6M
-13% YEAR OVER YEAR
+21% YEAR OVER YEAR
+13% YEAR OVER YEAR
All 2022 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of April 11, 2022 but is not guaranteed and should be independently verified.
2022 Q1 Market Review | Pg. 12
MLS: 885323| $1.175MM
WaterSound Origins SINGLE-FAMILY RESIDENCE SALES JANUARY 2022 - MARCH 2022
Number of Sales
36 -12% YEAR OVER YEAR
Percentage of List Sold
Highest Price Sale
Average Price per Sq. Ft.
99%
$2.4M
$407
0% YEAR OVER YEAR
+51% YEAR OVER YEAR
+27% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
14
$566K
$1.0M
-55% YEAR OVER YEAR
+41% YEAR OVER YEAR
+33% YEAR OVER YEAR
All 2022 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of April 11, 2022 but is not guaranteed and should be independently verified.
2022 Q1 Market Review | Pg. 13
Rosemary Beach SINGLE-FAMILY RESIDENCE SALES JANUARY 2022 - MARCH 2022
Number of Sales
9 -50% YEAR OVER YEAR
Percentage of List Sold
Highest Price Sale
Average Price per Sq. Ft.
98%
$8.5M
$1,306
+3% YEAR OVER YEAR
0% YEAR OVER YEAR
+16% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
55
$2.2M
$4.6M
-79% YEAR OVER YEAR
+61% YEAR OVER YEAR
+22% YEAR OVER YEAR
All 2022 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of April 11, 2022 but is not guaranteed and should be independently verified.
2022 Q1 Market Review | Pg. 14
Alys Beach SINGLE-FAMILY RESIDENCE SALES JANUARY 2022 - MARCH 2022
Number of Sales
4 -60% YEAR OVER YEAR
Percentage of List Sold
Highest Price Sale
Average Price per Sq. Ft.
104%
$5.9M
$1,263
+5% YEAR OVER YEAR
-65% YEAR OVER YEAR
-10% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
0
$3.2M
$4.1M
-100% YEAR OVER YEAR
+10% YEAR OVER YEAR
-27% YEAR OVER YEAR
All 2022 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of April 11, 2022 but is not guaranteed and should be independently verified.
2022 Q1 Market Review | Pg. 15
Dave Warren Real Estate Photography
30A CONDOMINIUM SALES JANUARY 2022 - MARCH 2022
Number of Sales
111 -26% YEAR OVER YEAR
Percentage of List Sold
Highest Price Sale
Average Price per Sq. Ft.
99%
$3.9M
$843
0% YEAR OVER YEAR
-32% YEAR OVER YEAR
+41% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
31
$305K
$1.1M
-62% YEAR OVER YEAR
+36% YEAR OVER YEAR
+34% YEAR OVER YEAR
All 2022 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of April 11, 2022 but is not guaranteed and should be independently verified.
2022 Q1 Market Review | Pg. 16
Destin 2022 Q1 Market Review Destin
18
Kelly Plantation
19
Sandestin
20
Regatta Bay
22
Destin Condos
23
Destin SINGLE-FAMILY RESIDENCE SALES JANUARY 2022 - MARCH 2022
Number of Sales
119 -28% YEAR OVER YEAR
Percentage of List Sold
Highest Price Sale
Average Price per Sq. Ft.
98%
$6.6M
$427
+1% YEAR OVER YEAR
+33% YEAR OVER YEAR
+35% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
42
$290K
$1.2M
-44% YEAR OVER YEAR
+66% YEAR OVER YEAR
+31% YEAR OVER YEAR
All 2022 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of April 11, 2022 but is not guaranteed and should be independently verified.
2022 Q1 Market Review | Pg. 18
Kelly Plantation SINGLE-FAMILY RESIDENCE SALES JANUARY 2022 - MARCH 2022
Number of Sales
11 -27% YEAR OVER YEAR
Percentage of List Sold
Highest Price Sale
Average Price per Sq. Ft.
95%
$2.4M
$357
-3% YEAR OVER YEAR
+99% YEAR OVER YEAR
+24% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
46
$785K
$1.3M
+53% YEAR OVER YEAR
+11% YEAR OVER YEAR
+42% YEAR OVER YEAR
All 2022 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of April 11, 2022 but is not guaranteed and should be independently verified.
2022 Q1 Market Review | Pg. 19
Sandestin SINGLE-FAMILY RESIDENCE SALES JANUARY 2022 - MARCH 2022
Number of Sales
51 -12% YEAR OVER YEAR
Percentage of List Sold
Highest Price Sale
Average Price per Sq. Ft.
98%
$6.6M
$500
0% YEAR OVER YEAR
-18% YEAR OVER YEAR
+31% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
42
$499K
$1.5M
-11% YEAR OVER YEAR
+58% YEAR OVER YEAR
+29% YEAR OVER YEAR
All 2022 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of April 11, 2022 but is not guaranteed and should be independently verified.
2022 Q1 Market Review | Pg. 20
be pushy be cushy be adored be home.
2022 Q1 Market Review | Pg. 21
Regatta Bay SINGLE-FAMILY RESIDENCE SALES JANUARY 2022 - MARCH 2022
Number of Sales
7 -46% YEAR OVER YEAR
Percentage of List Sold
Highest Price Sale
Average Price per Sq. Ft.
98%
$1.5M
$367
0% YEAR OVER YEAR
-68% YEAR OVER YEAR
-10% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
83
$935K
$1.3M
-22% YEAR OVER YEAR
-3% YEAR OVER YEAR
-30% YEAR OVER YEAR
All 2022 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of April 11, 2022 but is not guaranteed and should be independently verified.
2022 Q1 Market Review | Pg. 22
Destin CONDOMINIUM SALES JANUARY 2022 - MARCH 2022
Number of Sales
224 +8% YEAR OVER YEAR
Percentage of List Sold
Highest Price Sale
Average Price per Sq. Ft.
99%
$2.3M
$451
+1% YEAR OVER YEAR
+31% YEAR OVER YEAR
+19% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
48
$175K
$568K
-42% YEAR OVER YEAR
+49% YEAR OVER YEAR
+14% YEAR OVER YEAR
All 2022 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of April 11, 2022 but is not guaranteed and should be independently verified.
2022 Q1 Market Review | Pg. 23
Panama City Beach 2022 Q1 Market Review Panama City Beach
25
Panama City Beach Gulf-Front
26
Panama City Beach Condos
27
Panama City Beach SINGLE-FAMILY RESIDENCE SALES JANUARY 2022 - MARCH 2022
Number of Sales
307 +2% YEAR OVER YEAR
Percentage of List Sold
Highest Price Sale
Average Price per Sq. Ft.
99%
$5.0M
$303
+1% YEAR OVER YEAR
+2% YEAR OVER YEAR
+30% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
36
$181K
$581K
-52% YEAR OVER YEAR
+17% YEAR OVER YEAR
+27% YEAR OVER YEAR
All 2022 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of April 11, 2022 but is not guaranteed and should be independently verified.
2022 Q1 Market Review | Pg. 25
Panama City Beach Gulf-Front SINGLE-FAMILY RESIDENCE SALES JANUARY 2022 - MARCH 2022
Number of Sales
4 -33% YEAR OVER YEAR
Percentage of List Sold
Highest Price Sale
Average Price per Sq. Ft.
99%
$4.2M
$855
+3% YEAR OVER YEAR
-14% YEAR OVER YEAR
+27% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
17
$971K
$2.3M
-94% YEAR OVER YEAR
+187% YEAR OVER YEAR
+4% YEAR OVER YEAR
All 2022 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of April 11, 2022 but is not guaranteed and should be independently verified.
2022 Q1 Market Review | Pg. 26
Panama City Beach CONDOMINIUM SALES JANUARY 2022 - MARCH 2022
Number of Sales
564 -5% YEAR OVER YEAR
Percentage of List Sold
Highest Price Sale
Average Price per Sq. Ft.
99%
$1.3M
$411
+1% YEAR OVER YEAR
+29% YEAR OVER YEAR
+42% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
41
$125K
$449K
-31% YEAR OVER YEAR
+39% YEAR OVER YEAR
+38% YEAR OVER YEAR
All 2022 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of April 11, 2022 but is not guaranteed and should be independently verified.
2022 Q1 Market Review | Pg. 27
Panama City 2022 Q1 Market Review Panama City Overall
29
Panama City Beach Condos
30
Panama City SINGLE-FAMILY RESIDENCE SALES JANUARY 2022 - MARCH 2022
Number of Sales
530 +3% YEAR OVER YEAR
Percentage of List Sold
Highest Price Sale
Average Price per Sq. Ft.
99%
$1.6M
$165
+1% YEAR OVER YEAR
+10% YEAR OVER YEAR
+18% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
40
$15.5K
$314K
-26% YEAR OVER YEAR
-61% YEAR OVER YEAR
+17% YEAR OVER YEAR
All 2022 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of April 11, 2022 but is not guaranteed and should be independently verified.
2022 Q1 Market Review | Pg. 29
Panama City CONDOMINIUM SALES JANUARY 2022 - MARCH 2022
Number of Sales
34 +62% YEAR OVER YEAR
Percentage of List Sold
Highest Price Sale
Average Price per Sq. Ft.
97%
$477K
$300
+1% YEAR OVER YEAR
-45% YEAR OVER YEAR
+35% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
29
$95K
$290K
-50% YEAR OVER YEAR
+12% YEAR OVER YEAR
+13% YEAR OVER YEAR
All 2022 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of April 11, 2022 but is not guaranteed and should be independently verified.
2022 Q1 Market Review | Pg. 30
