The Reverie Report Third Quarter Market Review | 2021 | Northwest Florida
Featured On the Cover 8066 E. Co. Hwy 30A, Seacrest Beach
MLS: 876373 | 10 Bedroom; 13 Bath; 7,000 Sqft; Offered at $8.995M Listing Agents: Hilary Farnum-Fasth & Jacob Watkins
Create a legacy unlike any other where your family can enjoy an unparalleled lifestyle for years to come. Envision an estate where many generations can cherish daily panoramic sunsets & sunsets, beach days filled with sunshine just steps from your front door and a place to relish in the simple pleasures of life. This stunning 30A Gulf-front three-level residence, with a gorgeous main house, guest house, and 2-car garage is the perfect tribute to your family. The property boasts morning sunrises and evening sunsets off the expansive porches affording outdoor living as it was meant to be and is wonderfully suited for entertaining guests or relaxing in the heated pool in the courtyard surrounded by stunning privacy landscaping. The Main House demands immediate attention from the circular sewn reclaimed Heart Pine hardwood flooring to the hand-hewn beams adorning the vaulted ceilings. The entry gives way to a spacious laundry and leads to the gourmet kitchen featuring prestigious marble countertops atop the custom cabinetry inset with beaded-face frames and a suite of Wolf & Sub-Zero appliances. The eye is drawn to the inspiring views from the Gulf-facing Great Room. Warmed by an abundance of light from the accordion doors and a Venetian clad fireplace. An elevator provides access to all three levels of the residence. The 2-story Guest Cottage is connected to the main home by a private walkway and is a peaceful space, that provides privacy and while still being able to feel and smell the Gulf breezes. The cottage has its own unique and lavish qualities, 2 guest suites, great room, and kitchen, making this property truly one of a kind.
2021 Third Quarter Review | Pg 2
Corcoran Reverie Noteworthy Statistics
2021 Year-To-Date Review
Over
715
Ranked
#1
Closed Transaction Sides January 2021- September 2021
In Closed Listing Volume Along 30A Based on closed office listing volume January 2021 – September 2021 for the 30A East & 30A West MLS Areas
$952k
Ranked Within the
Top 2
Average Transaction Price January 2021- September 2021
Based on Closed Office Sales Volume January 2021-September 2021
Over
150
Full Time Licensed Luxury Property Specialists
Table of Contents
Closed Sales Volume
Featured Property | Page 2 Corcoran Reverie Noteworthy Statistics | Page 3 30A Market Review| Page 4 Destin Market Review | Page 17 Panama City Beach Market Review | Page 24
$680,885,491 2021 Third Quarter Review | Pg 3
Statistics based on total closed sales volume and individual office closed sales volume where applicable as reported by Emerald Coast Association of Realtors on 10/11/2021 for the time period beginning on 01/01/2021 and ending on 09/30/2021. Source data is deemed reliable but not guaranteed.
30A 2021 Third Quarter 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 JULY 2021-SEPTEMBER 2021
Highest Price Sale
Average Price per Sq Foot
-44% YEAR OVER YEAR
$640 +29% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
-76% YEAR OVER YEAR
+34% YEAR OVER YEAR
+21% YEAR OVER YEAR
Percentage of List Sold
Number of Sales
403
-39% YEAR OVER YEAR
99%
+2% YEAR OVER YEAR
29
All 2021 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of Sept. 30, 2021 but is not guaranteed and should be independently verified.
$8.50M $405k
$1.78M 2021 Third Quarter Review | Pg 5
30A East
SINGLE FAMILY RESIDENCE SALES JULY 2021-SEPTEMBER 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+23% YEAR OVER YEAR
Number of Sales
98%
+1% YEAR OVER YEAR
$8.50M -44% YEAR OVER YEAR
$685
-43% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
-75% YEAR OVER YEAR
+22% YEAR OVER YEAR
+18% YEAR OVER YEAR
265
30
All 2021 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of Sept. 30, 2021 but is not guaranteed and should be independently verified.
$432k
$2.01M 2021 Third Quarter Review | Pg 6
30A West
SINGLE FAMILY RESIDENCE SALES JULY 2021- SEPTEMBER 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+51% YEAR OVER YEAR
Number of Sales
99%
+1% YEAR OVER YEAR
$6.70M -11% YEAR OVER YEAR
$554
-31% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
-81% YEAR OVER YEAR
+34% YEAR OVER YEAR
+44% YEAR OVER YEAR
138
25
All 2021 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of Sept 30, 2021 but is not guaranteed and should be independently verified.
$405k
$1.34M 2021 Third Quarter Review | Pg 7
Dave Warren Real Estate Photography
30A Gulf-Front SINGLE FAMILY RESIDENCE SALES JULY 2021-SEPTEMBER 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+2% YEAR OVER YEAR
-52% YEAR OVER YEAR
+2% YEAR OVER YEAR
$7.19M
$1,473
Number of Sales
95%
-52% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
-69% YEAR OVER YEAR
+102% YEAR OVER YEAR
-6% YEAR OVER YEAR
12
72
All 2021 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of Sept 30, 2021 but is not guaranteed and should be independently verified.
$3.23M
$4.73M 2021Third Quarter Review | Pg 8
Watercolor
SINGLE FAMILY RESIDENCE SALES JULY 2021-SEPTEMBER 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+43% YEAR OVER YEAR
$5.75M
$904
Number of Sales
98%
+1% YEAR OVER YEAR
+34% YEAR OVER YEAR
-49% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
-77% YEAR OVER YEAR
+63% YEAR OVER YEAR
+40% YEAR OVER YEAR
29
25
All 2021 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of Sept. 30, 2021 but is not guaranteed and should be independently verified.
$1.60M
$2.98M 2021 Third Quarter Review | Pg 9
Dave Warren Real Estate Photography
Seaside
SINGLE FAMILY RESIDENCE SALES JULY 2021-SEPTEMBER 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
-32% YEAR OVER YEAR
Number of Sales
99%
$3.26M
+2% YEAR OVER YEAR
-48% YEAR OVER YEAR
$819
-92% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
-100% YEAR OVER YEAR
+294% YEAR OVER YEAR
+38% YEAR OVER YEAR
1
0
All 2021 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of Sept. 30, 2021 but is not guaranteed and should be independently verified.
$3.26M
$3.26M 2021 Third Quarter Review | Pg 10
be skills. be thrills. be breakfast. be home.
WaterSound Beach SINGLE-FAMILY RESIDENCE SALES JULY 2021-SEPTEMBER 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+4% YEAR OVER YEAR
-15% YEAR OVER YEAR
+60% YEAR OVER YEAR
$4.65M
$1,099
Number of Sales
98%
-76% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
-97% YEAR OVER YEAR
+217% YEAR OVER YEAR
+65% YEAR OVER YEAR
7
5
All 2021 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of Sept. 30, 2021 but is not guaranteed and should be independently verified.
$3.25M
$4.02M 2021 Third Quarter Review | Pg 12
WaterSound Origins Website
WaterSound Origins SINGLE FAMILY RESIDENCE SALES JULY 2021 - SEPTEMBER 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+23% YEAR OVER YEAR
Number of Sales
99% 0% YEAR OVER YEAR
$2.10M +40% YEAR OVER YEAR
$366
-12% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
-77% YEAR OVER YEAR
+18% YEAR OVER YEAR
+26% YEAR OVER YEAR
50
24
All 2021 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of Sept. 30, 2021 but is not guaranteed and should be independently verified.
$431k
$932k
2021 Third Quarter Review | Pg 13
Rosemary Beach SINGLE-FAMILY RESIDENCE SALES JULY 2021 - SEPTEMBER 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+1% YEAR OVER YEAR
+56% YEAR OVER YEAR
$1,213 +48% YEAR OVER YEAR
$7.63M
Number of Sales
96%
-85% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
+2% YEAR OVER YEAR
+188% YEAR OVER YEAR
+68% YEAR OVER YEAR
4
171
All 2021 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of Sept. 30, 2021 but is not guaranteed and should be independently verified.
$3.08M
$4.39M 2021 Third Quarter Review | Pg 14
Alys Beach
SINGLE-FAMILY RESIDENCE SALES JULY 2021 - SEPTEMBER 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+31% YEAR OVER YEAR
Number of Sales
100% +3% YEAR OVER YEAR
$8.50M +42% YEAR OVER YEAR
$1,423
-52% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
-90% YEAR OVER YEAR
+37% YEAR OVER YEAR
+48% YEAR OVER YEAR
10
6
All 2021 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of Sept 30, 2021 but is not guaranteed and should be independently verified.
$3.02M
$5.47M 2021Third Quarter Review | Pg 15
Dave Warren Real Estate Photography
30A
CONDOMINIUM SALES JULY 2021 - SEPTEMBER 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+2% YEAR OVER YEAR
+49% YEAR OVER YEAR
$704 +37% YEAR OVER YEAR
$6.72M
Number of Sales
99%
-7% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
-73% YEAR OVER YEAR
0% YEAR OVER YEAR
+33% YEAR OVER YEAR
146
35
All 2021 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of Sept. 30, 2021 but is not guaranteed and should be independently verified.
$200k
$978k
2021 Third Quarter Review | Pg 16
Destin 2021 Third Quarter Market Review
Destin
18
Kelly Plantation
19
SanDestin
20
Regatta Bay
22
Destin Condos
23
Destin
SINGLE FAMILY RESIDENCE SALES JULY 2021 - SEPTEMBER 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+2% YEAR OVER YEAR
+27% YEAR OVER YEAR
$377
+30% YEAR OVER YEAR
$5.75M
Number of Sales
98%
-16% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
-72% YEAR OVER YEAR
-84% YEAR OVER YEAR
+19% YEAR OVER YEAR
157
33
All 2021 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of Sept. 30, 2021 but is not guaranteed and should be independently verified.
$30k
$1.04M 2021 Third Quarter Review | Pg 18
Kelly Plantation SINGLE FAMILY RESIDENCE SALES JULY 2021 - SEPTEMBER 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+36% YEAR OVER YEAR
Number of Sales
98%
+3% YEAR OVER YEAR
$4.30M +54% YEAR OVER YEAR
$363
-18% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
-77% YEAR OVER YEAR
+22% YEAR OVER YEAR
+39% YEAR OVER YEAR
14
29
All 2021 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of Sept. 30, 2021 but is not guaranteed and should be independently verified.
$759k
$1.43M 2021 Third Quarter Review | Pg 19
SanDestin
SINGLE-FAMILY RESIDENCE SALES JULY 2021 - SEPTEMBER 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+27% YEAR OVER YEAR
Number of Sales
98%
+1% YEAR OVER YEAR
$4.50M +38% YEAR OVER YEAR
$430
-42% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
-63% YEAR OVER YEAR
-1% YEAR OVER YEAR
+25% YEAR OVER YEAR
53
21
All 2021 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of Sept 30, 2021 but is not guaranteed and should be independently verified.
$406k
$1.27M 2021 Third Quarter Review | Pg 20
be swoony. be dusk. be spellbound. be home.
Regatta Bay
SINGLE FAMILY RESIDENCE SALES JULY 2021 - SEPTEMBER 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+42% YEAR OVER YEAR
Number of Sales
94% -1% YEAR OVER YEAR
$2.20M +41% YEAR OVER YEAR
$373
-42% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
-53% YEAR OVER YEAR
+84% YEAR OVER YEAR
+53% YEAR OVER YEAR
7
60
All 2021 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of Sept. 30, 2021 but is not guaranteed and should be independently verified.
$867k
$1.38M 2021 Third Quarter Review | Pg 22
Destin
CONDOMINIUM SALES JULY 2021 - SEPTEMBER 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+38% YEAR OVER YEAR
Number of Sales
98%
+1% YEAR OVER YEAR
$2.80M +93% YEAR OVER YEAR
$433
-29% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
-47% YEAR OVER YEAR
+113% YEAR OVER YEAR
+42% YEAR OVER YEAR
180
66
All 2021 data is provided by FLEX/MLS as provided by Emerald Coast Association of Realtors and is deemed reliable as of Sept. 30, 2021 but is not guaranteed and should be independently verified.
$149k
$610k
2021 Third Quarter 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
Panama City Beach SINGLE FAMILY RESIDENCE SALES JULY 2021 - SEPTEMBER 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+26% YEAR OVER YEAR
Number of Sales
98%
+1% YEAR OVER YEAR
$8.50M +26% YEAR OVER YEAR
$278
-5% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
-53% YEAR OVER YEAR
+14% YEAR OVER YEAR
+27% YEAR OVER YEAR
313
33
$140k
All 2021 data is provided by FLEX/MLS as provided by Central Panhandle Association of Realtors and is deemed reliable as of Sept. 30, 2021 but is not guaranteed and should be independently verified.
$577k
2021Third Quarter Review | Pg 25
Panama City Beach Gulf-Front SINGLE FAMILY RESIDENCE SALES JULY 2021 - SEPTEMBER 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+14% YEAR OVER YEAR
Number of Sales
97%
+4% YEAR OVER YEAR
$8.50M +26% YEAR OVER YEAR
$780
0% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
+17% YEAR OVER YEAR
+212% YEAR OVER YEAR
+43% YEAR OVER YEAR
10
167
All 2021 data is provided by FLEX/MLS as provided by Central Panhandle Association of Realtors and is deemed reliable as of Sept. 30, 2021 but is not guaranteed and should be independently verified.
$1.56M
$3.08M 2021 Third Quarter Review | Pg 26
Panama City Beach CONDOMINIUM SALES JULY 2021 - SEPTEMBER 2021
Percentage of List Sold
Highest Price Sale
Average Price per Sq Foot
+38% YEAR OVER YEAR
Number of Sales
99%
+2% YEAR OVER YEAR
$1.41M +8% YEAR OVER YEAR
$366
+7% YEAR OVER YEAR
Average Days on Market
Lowest Price Sale
Average Sales Price
0% YEAR OVER YEAR
+10% YEAR OVER YEAR
+33% YEAR OVER YEAR
589
94
All 2021 data is provided by FLEX/MLS as provided by Central Panhandle Association of Realtors and is deemed reliable as of Sept. 30, 2021 but is not guaranteed and should be independently verified.
$100k
$405k 2021 Third Quarter Review | Pg 27
Seagrove Beach
4042 E Co Hwy 30A 850.231.5030
The HUB on 30A
7000 E County Hwy 30A 850.231.5030
Destin
4014 Commons Drive, Ste 100 850.424.3094