The Reverie Report Mid-Year Market Review | 2021 | Northwest Florida
Featured On the Cover 120 Walton Magnolia Lane, Inlet Beach
MLS: 872530 | 10 Bedroom; 13 Bath; 8.483 Sqft; Offered at $17.0M Listing Agents: Hilary Farnum-Fasth & Jacob Watkins
Aptly named '30A My Way,' this newly constructed edifice encompasses four floors of masterfully designed living space centered around the breathtaking views overlooking the coastline and turquoise-hued waters. The quality of craftsmanship and finishes found throughout all 8,400 square feet remains unrivaled. Custom cabinetry, a luxury appliance suite, and an oversized island complete the Chef's kitchen. The bi-fold door system on the second level creates a seamless connection between indoors and out allowing the coastal breeze and calming rhythmic pulse of the sea to resonate within. Upon entering the second floor, which can be accessed by the elevator servicing all four floors of the home, your eyes will be drawn to the custom wood ceiling adornments and random-width white oak flooring. The kitchen is a chef's dream with a Sub Zero and Wolf appliance suite along with ample storage space and Quartzite waterfall. The distinction between indoors and out is blurred with the oversized sliding glass doors which create a seamless divide between the living room and covered porch areas. The third level is home to the primary suite complete with a private sitting area, covered porch, and large walk-in closet. Fun awaits in the game room on the fourth floor with access to the sun deck which is the perfect place to enjoy the vibrant coastal sunsets. The utmost quality of finishes and fixtures have been selected throughout the home with no detail overlooked. Notable features include gas entry lanterns, eightfoot solid core doors, impact guard-rated windows, smart home technology, whole-home audio wiring, forty-year architectural shingles, and an attached two-car garage.
2021 Mid-Year Review | Pg 2
Corcoran Reverie Noteworthy Statistics 2021 Mid-Year Review Over
440
Ranked
#1
Closed Transaction Sides January 2021- June 2021
In Closed Listing Volume Along East 30A Based on Closed Office Listing Volume January 2021- June 2021 for Area 30A East.
$980k
Ranked Within the
Top 3
Average Transaction Price January 2021- June 2021
Based on Closed Office Sales Volume January 2021June 2021
Over
130
Full Time Licensed Luxury Property Specialists
Table of Contents
Closed Sales Volume
$440,124,409 2021 Mid-Year Review | Pg 3
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 Lattitude Margaritaville | Page 28
Statistics based on total closed sales volume and individual office closed sales volume where applicable as reported by Emerald Coast Association of Realtors on 07/26/2021 for the time period beginning on 01/01/2021 and ending on 06/30/2021. Source data is deemed reliable but not guaranteed.
30A 2021 Mid-Year 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 2021-JUNE 2021
Highest Price Sale
Average Price per Sq Foot
+69% YEAR OVER YEAR
$614
+27% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
-61% YEAR OVER YEAR
+30% YEAR OVER YEAR
+32% YEAR OVER YEAR
Percentage of List Sold
Number of Sales
991
+74% YEAR OVER YEAR
99%
+3% YEAR OVER YEAR
47
All 2021 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of June 30, 2021 but is not guaranteed and should be independently verified.
$16.9M $325k
$1.8M
2021 Mid-Year Review | Pg 5
MLS: 872809 | $18.90M
30A East
SINGLE FAMILY RESIDENCE SALES JANUARY 2021-JUNE 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+28% YEAR OVER YEAR
Number of Sales
98%
+2% YEAR OVER YEAR
$16.9M +69% YEAR OVER YEAR
$670
+77% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
-60% YEAR OVER YEAR
+21% YEAR OVER YEAR
+30% YEAR OVER YEAR
693
49
All 2021 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of June 30, 2021 but is not guaranteed and should be independently verified.
$340k
$2.0M 2021 Mid-Year Review | Pg 6
Dave Warren Real Estate Photography
30A West
SINGLE FAMILY RESIDENCE SALES JANUARY 2021-JUNE 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+23% YEAR OVER YEAR
Number of Sales
99%
+3% YEAR OVER YEAR
$9.8M +72% YEAR OVER YEAR
$486
+67% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
-63% YEAR OVER YEAR
+30% YEAR OVER YEAR
+37% YEAR OVER YEAR
298
42
All 2021 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of June 30, 2021 but is not guaranteed and should be independently verified.
$325k
$1.3M
2021 Mid-Year Review | Pg 7
Dave Warren Real Estate Photography
30A Gulf-Front SINGLE FAMILY RESIDENCE SALES JANUARY 2021-JUNE 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+21% YEAR OVER YEAR
Number of Sales
95%
+3% YEAR OVER YEAR
$16.9M +69% YEAR OVER YEAR
$1,716
+56% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
-53% YEAR OVER YEAR
+18% YEAR OVER YEAR
+48% YEAR OVER YEAR
39
103
All 2021 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of June 30, 2021 but is not guaranteed and should be independently verified.
$1.9M
$6.0M 2021 Mid-Year Review | Pg 8
Watercolor
SINGLE FAMILY RESIDENCE SALES JANUARY 2021-JUNE 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+39% YEAR OVER YEAR
+25% YEAR OVER YEAR
$771
Number of Sales
99%
+4% YEAR OVER YEAR
$6.2M
+129% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
-79% YEAR OVER YEAR
+3% YEAR OVER YEAR
+20% YEAR OVER YEAR
96
28
All 2021 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of June 30, 2021 but is not guaranteed and should be independently verified.
$960k
$2.3M 2021 Mid-Year Review | Pg 9
Dave Warren Real Estate Photography
Seaside
SINGLE FAMILY RESIDENCE SALES JANUARY 2021-JUNE 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
-16% YEAR OVER YEAR
Number of Sales
98%
$6.2M +48% YEAR OVER YEAR
$1,433
+350% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
-87% YEAR OVER YEAR
-30% YEAR OVER YEAR
+4% YEAR OVER YEAR
18
+2% YEAR OVER YEAR
50
All 2021 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of June 30, 2021 but is not guaranteed and should be independently verified.
$1.1M
$2.9M 2021 Mid-Year Review | Pg 10
be dreamy. be wordless. be one. be home.
Dave Warren Real Estate Photography
WaterSound Beach SINGLE FAMILY RESIDENCE SALES JANUARY 2021-JUNE 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+26% YEAR OVER YEAR
Number of Sales
97%
+4% YEAR OVER YEAR
$6.5M +48% YEAR OVER YEAR
$864
+18% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
-77% YEAR OVER YEAR
+95% YEAR OVER YEAR
+34% YEAR OVER YEAR
26
48
All 2021 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of June 30, 2021 but is not guaranteed and should be independently verified.
$1.7M
$3.4M 2021 Mid-Year Review | Pg 12
WaterSound Origins Website
WaterSound Origins SINGLE FAMILY RESIDENCE SALES JANUARY 2021-JUNE 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+20% YEAR OVER YEAR
Number of Sales
100% +1% YEAR OVER YEAR
$1.6M +27% YEAR OVER YEAR
$330
+66% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
-65% YEAR OVER YEAR
+4% YEAR OVER YEAR
+30% YEAR OVER YEAR
93
21
All 2021 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of June 30, 2021 but is not guaranteed and should be independently verified.
$401k
$818k
2021 Mid-Year Review | Pg 13
Dave Warren Real Estate Photography
Rosemary Beach SINGLE FAMILY RESIDENCE SALES JANUARY 2021-JUNE 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+47% YEAR OVER YEAR
Number of Sales
97%
+4% YEAR OVER YEAR
$8.5M +118% YEAR OVER YEAR
$1,082
+182% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
+38% YEAR OVER YEAR
+12% YEAR OVER YEAR
+62% YEAR OVER YEAR
48
188
All 2021 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of June 30, 2021 but is not guaranteed and should be independently verified.
$1.3M
$3.5M 2021 Mid-Year Review | Pg 14
Alys Beach
SINGLE FAMILY RESIDENCE SALES JANUARY 2021-JUNE 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+12% YEAR OVER YEAR
Number of Sales
99%
+1% YEAR OVER YEAR
$16.9M +69% YEAR OVER YEAR
$1,267
0% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
-58% YEAR OVER YEAR
+31% YEAR OVER YEAR
+20% YEAR OVER YEAR
27
40
All 2021 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of June 30, 2021 but is not guaranteed and should be independently verified.
$2.3M
$4.7M 2021 Mid-Year Review | Pg 15
Dave Warren Real Estate Photography
30A
CONDOMINIUM SALES JANUARY 2021-JUNE 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+30% YEAR OVER YEAR
Number of Sales
99%
+3% YEAR OVER YEAR
$8.2M +228% YEAR OVER YEAR
$661
+109% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
-56% YEAR OVER YEAR
+32% YEAR OVER YEAR
+53% YEAR OVER YEAR
326
55
All 2021 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of June 30, 2021 but is not guaranteed and should be independently verified.
$225k
$976k
2021 Mid-Year Review | Pg 16
Destin 2021 Mid-Year Market Review
Destin
18
Kelly Plantation
19
SanDestin
20
Regatta Bay
22
Destin Condos
23
Dave Warren Real Estate Photography
Destin
SINGLE FAMILY RESIDENCE SALES JANUARY 2021-JUNE 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+25% YEAR OVER YEAR
Number of Sales
98%
+2% YEAR OVER YEAR
$4.9M -76% YEAR OVER YEAR
$349
+67% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
-24% YEAR OVER YEAR
-50% YEAR OVER YEAR
+46% YEAR OVER YEAR
343
74
All 2021 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of June 30, 2021 but is not guaranteed and should be independently verified.
$85k
$1.0M
2021 Mid-Year Review | Pg 18
Kelly Plantation SINGLE FAMILY RESIDENCE SALES JANUARY 2021-JUNE 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+15% YEAR OVER YEAR
Number of Sales
96%
+1% YEAR OVER YEAR
$4.3M +9% YEAR OVER YEAR
$328
+80% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
-77% YEAR OVER YEAR
+13% YEAR OVER YEAR
+13% YEAR OVER YEAR
27
30
All 2021 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of June 30, 2021 but is not guaranteed and should be independently verified.
$709k
$1.3M
2021 Mid-Year Review | Pg 19
SanDestin
SINGLE FAMILY RESIDENCE SALES JANUARY 2021-JUNE 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+29% YEAR OVER YEAR
Number of Sales
98%
+3% YEAR OVER YEAR
$8.0M +217% YEAR OVER YEAR
$392
+77% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
-71% YEAR OVER YEAR
+50% YEAR OVER YEAR
+44% YEAR OVER YEAR
126
36
All 2021 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of June 30, 2021 but is not guaranteed and should be independently verified.
$315k
$1.1M
2021 Mid-Year Review | Pg 20
be sneaky. be splashy. be dad. be home.
Regetta Bay
SINGLE FAMILY RESIDENCE SALES JANUARY 2021-JUNE 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+44% YEAR OVER YEAR
Number of Sales
97% 0% YEAR OVER YEAR
$4.9M +257% YEAR OVER YEAR
$395
+80% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
-64% YEAR OVER YEAR
+41% YEAR OVER YEAR
+78% YEAR OVER YEAR
27
89
All 2021 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of June 30, 2021 but is not guaranteed and should be independently verified.
$729k
$1.6M
2021 Mid-Year Review | Pg 22
Destin
CONDOMINIUM SALES JANUARY 2021-JUNE 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+23% YEAR OVER YEAR
Number of Sales
99%
+3% YEAR OVER YEAR
$2.2M -15% YEAR OVER YEAR
$385
+82% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
-33% YEAR OVER YEAR
+96% YEAR OVER YEAR
+12% YEAR OVER YEAR
480
74
All 2021 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of June 30, 2021 but is not guaranteed and should be independently verified.
$117k
$505k
2021 Mid-Year Review | Pg 23
Panama City Beach 2021 Mid-Year Market Review
Panama City Beach
25
Panama City Beach Gulf-Front
26
Panama City Beach Condos
27
New Community Feature: Latitude Margaritaville
26
Panama City Beach SINGLE FAMILY RESIDENCE SALES JANUARY 2021-JUNE 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+19% YEAR OVER YEAR
Number of Sales
98%
+1% YEAR OVER YEAR
$5.7M +98% YEAR OVER YEAR
$245
+35% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
-22% YEAR OVER YEAR
+28% YEAR OVER YEAR
+26% YEAR OVER YEAR
663
57
$140k
All 2021 data is provided by FLEX/MLS as provided by Central Panhandle Association of Realtors and is deemed reliable as of June 30, 2021 but is not guaranteed and should be independently verified.
$503k 2021 Mid-Year Review | Pg 25
Panama City Beach Gulf-Front SINGLE FAMILY RESIDENCE SALES JANUARY 2021-JUNE 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+39% YEAR OVER YEAR
Number of Sales
98%
+10% YEAR OVER YEAR
$5.7M +98% YEAR OVER YEAR
$821
+18% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
+18% YEAR OVER YEAR
+102% YEAR OVER YEAR
+61% YEAR OVER YEAR
13
174
All 2021 data is provided by FLEX/MLS as provided by Central Panhandle Association of Realtors and is deemed reliable as of June 30, 2021 but is not guaranteed and should be independently verified.
$1.8M
$3.1M
2021 Mid-Year Review | Pg 26
Panama City Beach CONDOMINIUM SALES JANUARY 2021-JUNE 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+21% YEAR OVER YEAR
Number of Sales
98%
+1% YEAR OVER YEAR
$1.1M +32% YEAR OVER YEAR
$309
+97% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
-21% YEAR OVER YEAR
+29% YEAR OVER YEAR
+21% YEAR OVER YEAR
1,376
70
All 2021 data is provided by FLEX/MLS as provided by Central Panhandle Association of Realtors and is deemed reliable as of June 30, 2021 but is not guaranteed and should be independently verified.
$90k
$349k
2021 Mid-Year Review | Pg 27
Latitude: Margaritaville 9201 Hwy 79, Panama City Beach, FL 32413
Conch Collection Cottages Starting at $239,900 Connect with a Corcoran Reverie agent to schedule a private tour!
Master developer Minto Communities USA, global lifestyle brand Margaritaville Holdings and The St. Joe Company have combined their resources to create the new Latitude Margaritaville Watersound community located in Florida's panhandle region near Panama City Beach and the scenic 30A corridor. You’ve earned a life where every day feels like an escape. Hang your hat where your heart is at Latitude Margaritaville Watersound, the 55-andbetter lifestyle where fun and relaxation meet. Inspired by the legendary music and lifestyle of Jimmy Buffett, this is where life rolls easy, neighbors are friends and the party never ends. Awesome recreation, FINtastic dining, and entertainment will make the town center the place to be—all just a golf cart ride away from your masterfully crafted new Latitude Margaritaville home. Escape to island-inspired living as you grow older, but not up. Escape to Latitude Margaritaville Watersound, located on the Emerald Coast on Florida's panhandle. Envision the shimmering emerald green waters of the Gulf of Mexico, sugar-white sand beaches, rolling sand dunes, and beautiful forests that stretch for miles. This amazing place is the spectacular setting for Latitude Margaritaville Watersound. Latitude Margaritaville Watersound is located just off of the Scenic Highway 30A corridor that runs along 20 miles of coastline with views of some of the most beautiful beaches in the world. This area, with its many small coastal towns, is the embodiment of the relaxed, beachy vibe that is at the heart of the Latitude Margaritaville lifestyle.
2021 Mid-Year Review | Pg 28