The Corcoran Report 2020 YEAR IN REVIEW
In 2021, we will continue to see more people make the permanent move from urban cities to the beach. Covid has shifted the mindset of so many of us and we are seeing people from all walks of life coming to areas like 30A, Panama City Beach and Destin for the amazing lifestyle that our area is famous for.
With the highly-rated school districts, beautiful beaches and heavy focus on the live/work mindset in our local communities, there has never been a better time to invest in the Emerald Coast lifestyle. The result is a growing number of homeowners converting what once was their beach vacation home to their primary residence. As more employers make the transition to virtual campuses, new full-time residents are able to embrace a healthy balance of work
and play in their favorite place. The steady demand for Coastal Dune Lake-Front and Bay-Front homes will continue to rise throughout the year, as the highly sought-after locations offer homeowners the best of both worlds. Starting with the spike in sales from second quarter continuing into 2021 throughout Northwest Florida, we have seen a deficiency in inventory. This has empowered sellers to drive the market while simultaneously increasing the
demand for new construction. If you are considering listing your home, now may be the perfect time to have that conversation and determine a course of action for both the sale and what’s next for you, or better said, where’s next. The greater 30A area remains a healthy and thriving investment area for second homes and vacation rentals – providing several compelling options for both homeowners and investors alike.
2 02 0 Y E A R IN R E V IE W | 3
BROKERAGE STATS Over
$550M
In Annual Sales Volume 2020
Over
570
Transaction Sides in 2020
Top 3
Brokerage Based on Gulf-Front Residence Sales Volume
Top 4 Brokerage on 30A* *Volume
Over
100
Licensed Luxury Property Specialists
4 | 2 02 0 Y E A R IN R E V IE W
30A 30A Overall
5
30A East
6
30A West
7
30A Gulf Front
8
Seaside
9
Watercolor
10
Watersound Beach
11
Watersound Origins
12
Alys Beach
13
Rosemary Beach
14
30A Condos
15
Number of Sales
30A Overall
1722
SINGLE FAMILY RESIDENCE SALES
+59 % V S . 2 019
Average Sales Price
Percentage of List Sold
Highest Priced Sale
+2 8 % V S . 2 019
+1% V S . 2 019
+7 7 % V S . 2 019
Average Price Per SF
Average Days on Market
108
Lowest Priced Sale
$250k
+16% V S . 2 019
- 6% V S . 2 019
+149 % V S . 2 019
$1.49M 98%
$503 6 | 3 0A | 2 02 0 Y E A R IN R E V IE W
$15.9M
All 2020 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of December 31, 2020 but is not guaranteed and should be independently verified.
Number of Sales
30A East
1182
SINGLE FAMILY RESIDENCE SALES
+ 61% V S . 2 019
Average Sales Price
Percentage of List Sold
Highest Priced Sale
+3 0 % V S . 2 019
+1% V S . 2 019
+7 7 % V S . 2 019
Average Price Per SF
Average Days on Market
104
Lowest Priced Sale
$282k
+16% V S . 2 019
-12 % V S . 2 019
+52 % V S . 2 019
$1.69M 98%
$552
All 2020 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of December 31, 2020 but is not guaranteed and should be independently verified.
$15.9M
2 02 0 Y E A R IN R E V IE W | 3 0A | 7
Number of Sales
30A West
540
SINGLE FAMILY RESIDENCE SALES
+5 6% V S . 2 019
Average Sales Price
Percentage of List Sold
Highest Priced Sale
+2 0 % V S . 2 019
0 % V S . 2 019
+ 67 % V S . 2 019
Average Price Per SF
Average Days on Market
116
Lowest Priced Sale
$250k
+16% V S . 2 019
+ 8 % V S . 2 019
+149 % V S . 2 019
$1.04M 97%
$393 8 | 3 0A | 2 02 0 Y E A R IN R E V IE W
$11.5M
All 2020 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of December 31, 2020 but is not guaranteed and should be independently verified.
Number of Sales
30A Gulf Front
73
SINGLE FAMILY RESIDENCE SALES
+170 % V S . 2 019
Average Sales Price
Percentage of List Sold
Highest Priced Sale
+2 3 % V S . 2 019
+3 % V S . 2 019
+7 7 % V S . 2 019
Average Price Per SF
Average Days on Market
$1,403 184
Lowest Priced Sale
$1.6M
+1% V S . 2 019
- 2 8 % V S . 2 019
+3 3 % V S . 2 019
$5.03M 94%
All 2020 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of December 31, 2020 but is not guaranteed and should be independently verified.
$15.9M
2 02 0 Y E A R IN R E V IE W | 3 0A | 9
Number of Sales
Seaside
23
SINGLE FAMILY RESIDENCE SALES
- 4% V S . 2 019
Average Sales Price
Percentage of List Sold
Highest Priced Sale
- 2 % V S . 2 019
+2 % V S . 2 019
- 8 % V S . 2 019
Average Price Per SF
Average Days on Market
$1,307 129
Lowest Priced Sale
$830k
+19 % V S . 2 019
+15% V S . 2 019
+11% V S . 2 019
$2.32M 96%
10 | 3 0A | 2 02 0 Y E A R IN R E V IE W
$6.25M
All 2020 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of December 31, 2020 but is not guaranteed and should be independently verified.
Number of Sales
Watercolor
141
SINGLE FAMILY RESIDENCE SALES
+74% V S . 2 019
Average Sales Price
Percentage of List Sold
Highest Priced Sale
+13 % V S . 2 019
+7 % V S . 2 019
-18 % V S . 2 019
Average Price Per SF
Average Days on Market
98
Lowest Priced Sale
$935k
+18 % V S . 2 019
- 2 2 % V S . 2 019
+11% V S . 2 019
$2.11M 103%
$643
All 2020 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of December 31, 2020 but is not guaranteed and should be independently verified.
$4.5M
2 02 0 Y E A R IN R E V IE W | 3 0A | 11
Number of Sales
Watersound Beach
71
SINGLE FAMILY RESIDENCE SALES
+10 9 % V S . 2 019
Average Sales Price
Percentage of List Sold
Highest Priced Sale
+ 4% V S . 2 019
0 % V S . 2 019
+51% V S . 2 019
Average Price Per SF
Average Days on Market
164
Lowest Priced Sale
$915k
+ 4% V S . 2 019
+7 % V S . 2 019
+12 % V S . 2 019
$2.72M 95%
$719
12 | 3 0A | 2 02 0 Y E A R IN R E V IE W
$6.98M
All 2020 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of December 31, 2020 but is not guaranteed and should be independently verified.
Number of Sales
Watersound Origins
164
SINGLE FAMILY RESIDENCE SALES
+ 8 6% V S . 2 019
Average Sales Price
Percentage of List Sold
Highest Priced Sale
+10 % V S . 2 019
-1% V S . 2 019
+17 % V S . 2 019
Average Price Per SF
Average Days on Market
72
Lowest Priced Sale
$367k
+5% V S . 2 019
- 24% V S . 2 019
+5% V S . 2 019
$690k
$288
99%
All 2020 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of December 31, 2020 but is not guaranteed and should be independently verified.
$1.49M
2 02 0 Y E A R IN R E V IE W | 3 0A | 13
Number of Sales
Rosemary Beach
53
SINGLE FAMILY RESIDENCE SALES
+ 6 6% V S . 2 019
Average Sales Price
Percentage of List Sold
Highest Priced Sale
+ 8 % V S . 2 019
0 % V S . 2 019
- 4 0 % V S . 2 019
Average Price Per SF
Average Days on Market
159
Lowest Priced Sale
$1.07M
- 3 % V S . 2 019
+3 % V S . 2 019
+2 6% V S . 2 019
$2.45M 94%
$798
14 | 3 0A | 2 02 0 Y E A R IN R E V IE W
$4.9M
All 2020 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of December 31, 2020 but is not guaranteed and should be independently verified.
Number of Sales
Alys Beach
69
SINGLE FAMILY RESIDENCE SALES
+2 6 3 % V S . 2 019
Average Sales Price
Percentage of List Sold
Highest Priced Sale
+21% V S . 2 019
+1% V S . 2 019
+74% V S . 2 019
Average Price Per SF
Average Days on Market
65
Lowest Priced Sale
$1.8M
+15% V S . 2 019
- 3 4% V S . 2 019
+ 8 % V S . 2 019
$4.02M 98%
$1,145
All 2020 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of December 31, 2020 but is not guaranteed and should be independently verified.
$10M
2 02 0 Y E A R IN R E V IE W | 3 0A | 15
Number of Sales
30A
475
CONDOMINIUM SALES
+72 % V S . 2 019
Average Sales Price
Percentage of List Sold
Highest Priced Sale
- 4% V S . 2 019
+1% V S . 2 019
+17 % V S . 2 019
Average Price Per SF
Average Days on Market
114
Lowest Priced Sale
$170k
+2 % V S . 2 019
-12 % V S . 2 019
+21% V S . 2 019
$732k
$530
16 | 3 0A | 2 02 0 Y E A R IN R E V IE W
97%
$4.75M
All 2020 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of December 31, 2020 but is not guaranteed and should be independently verified.
Destin Destin
17
Sandestin
18
Destin Condos
19
Number of Sales
Destin
574
SINGLE FAMILY RESIDENCE SALES
+11% V S . 2 019
Average Sales Price
Percentage of List Sold
Highest Priced Sale
+3 0 % V S . 2 019
0 % V S . 2 019
+3 9 % V S . 2 019
Average Price Per SF
Average Days on Market
98
Lowest Priced Sale
$170k
+13 % V S . 2 019
+1% V S . 2 019
+13 4% V S . 2 019
$824k
$279
18 | DE S TIN | 2 02 0 Y E A R IN R E V IE W
96%
$8.8M
All 2020 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of December 31, 2020 but is not guaranteed and should be independently verified.
Number of Sales
Sandestin
225
SINGLE FAMILY RESIDENCE SALES
+ 4 0 % V S . 2 019
Average Sales Price
Percentage of List Sold
Highest Priced Sale
+21% V S . 2 019
0 % V S . 2 019
- 2 8 % V S . 2 019
Average Price Per SF
Average Days on Market
81
Lowest Priced Sale
$210k
+12 % V S . 2 019
-15% V S . 2 019
- 2 2 % V S . 2 019
$934k
$331
96%
All 2020 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of December 31, 2020 but is not guaranteed and should be independently verified.
$3.25M
2 02 0 Y E A R IN R E V IE W | DE S TIN | 19
Number of Sales
Destin Condos
766
SINGLE FAMILY RESIDENCE SALES
+2 6% V S . 2 019
Average Sales Price
Percentage of List Sold
Highest Priced Sale
+3 % V S . 2 019
+1% V S . 2 019
+3 9 % V S . 2 019
Average Price Per SF
Average Days on Market
116
Lowest Priced Sale
$60k
+2 % V S . 2 019
+2 2 % V S . 2 019
- 8 % V S . 2 019
$447k
$318
2 0 | DE S TIN | 2 02 0 Y E A R IN R E V IE W
97%
$2.65M
All 2020 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of December 31, 2020 but is not guaranteed and should be independently verified.
Panama City Beach Panama City Beach
21
Panama City Beach Gulf Front 22 Panama City Beach Condos
23
Number of Sales
Panama City Beach
1,142
SINGLE FAMILY RESIDENCE SALES
+11% V S . 2 019
Average Sales Price
Percentage of List Sold
Highest Priced Sale
+18 % V S . 2 019
0 % V S . 2 019
+9 5% V S . 2 019
Average Price Per SF
Average Days on Market
68
Lowest Priced Sale
$109k
+12 % V S . 2 019
+3 % V S . 2 019
+9 8 % V S . 2 019
$441k
$218
97%
2 2 | PA N A M A CIT Y B E ACH | 2 02 0 Y E A R IN R E V IE W
$7.1M
All 2020 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of December 31, 2020 but is not guaranteed and should be independently verified.
Panama City Beach
Number of Sales
GULF FRONT SINGLE FAMILY RESIDENCES
30
Average Sales Price
Percentage of List Sold
Highest Priced Sale
+16% V S . 2 019
- 2 % V S . 2 019
+9 5% V S . 2 019
Average Price Per SF
Average Days on Market
120
Lowest Priced Sale
$500k
+ 6% V S . 2 019
- 3 6% V S . 2 019
- 47 % V S . 2 019
$2.24M 92%
$656
All 2020 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of December 31, 2020 but is not guaranteed and should be independently verified.
+76% V S . 2 019
$7.1M
2 02 0 Y E A R IN R E V IE W | PA N A M A CIT Y B E ACH | 23
Panama City Beach CONDOMINIUM SALES
Number of Sales
1,777 +14% V S . 2 019
Average Sales Price
Percentage of List Sold
Highest Priced Sale
+9 % V S . 2 019
0 % V S . 2 019
+31% V S . 2 019
Average Price Per SF
Average Days on Market
87
Lowest Priced Sale
$70k
+9 % V S . 2 019
+ 6% V S . 2 019
+2 % V S . 2 019
$306k
$266
97%
24 | PA N A M A CIT Y B E ACH | 2 02 0 Y E A R IN R E V IE W
$1.3M
All 2020 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of December 31, 2020 but is not guaranteed and should be independently verified.
Ready to start living the coastal lifestyle you deserve? CONTACT A LICENSED LUXURY PROPERTY SPECIALIST TODAY.
co rco ra nreverie.co m 4 0 4 2 E C o unty H ighw a y 30A | Sa nta R o sa Bea ch, FL 32459 | 850.231.5030
Hilary Farnum-Fasth, Licensed Real Estate Broker & Owner License # BK662303. Each office is independently owned and operated.