First Quarter 2021 Market Report for the Coastal Communities of Florida's Gulf Coast

FIRST QUARTER 2021 MARKET REPORT FOR THE

COASTAL COMMUNITIES of Florida’s Gulf Coast

HOME TRENDS FOR THE POPULAR COMMUNITIES OF NORTHWEST FLORIDA’S GULF COAST COMPLIMENTS OF COASTAL LUXURY

CON T EN TS OVERALL 30A SCENIC CORRIDOR . . . . 5 WATERSOUND BEACH . . . . 7 WATERCOLOR . . . . 9 ROSEMARY . . . . 11 SEASIDE . . . . 13 ALYS BEACH . . . . 15 GRAYTON BEACH . . . . 1 7 30A GULF-FRONT . . . . 1 9 30A HIGH-END LUXURY $3M+ . . . . 2 1 CARILLON BEACH . . . . 2 3 DESTIN & MIRAMAR BEACH . . . . 2 5 SANDESTIN RESORT . . . . 2 7 BURNT PINE . . . . 2 9 BAYFRONT DESTIN TO SOUTH WALTON . . . . 3 1 DESTIN, MIRAMAR BEACH GULF-FRONT . . . . 3 3

Feature Your Home All listings of our brokerage receive complimentary features in COASTAL LUXURY MAGAZINE which is direct mailed to high-net worth, out of area target markets, and distributed along 30A in prominent locales.

List now for inclusion in this season’s marketing!

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos). Excludes land. Months of inventory is based on the monthly average of a full year. Deemed reliable but not guaranteed.

Warm Spring Beach Days and an Even Hotter Market!

We have just wrapped up the first quar-ter with what has proven to be the stron-gest sales quarter we have ever experi-enced in our local coastal home market. Historically, our secondary vacation home market experiences seasonal sales strength in the spring and summer months, with the first quarter often recording the lowest sale trends and the second and third quarter far higher. This year’s first quarter has broken through all historical norms as you will see in reviewing this report.

The volume of sales and average sales prices across all of the popular coastal areas and planned communities increased by staggering percentages. With inventory surprisingly scarce, the number of sales is all the more impressive. Buyer demand remains high and newly listed properties are selling swiftly.

Our team of sales professionals here at COASTAL LUXURY have been fortu-nate to represent the marketing and sales of some truly exquisite coastal homes. We continue to enjoy serving Sellers in assessing the highest opportu-nity in the marketplace as well as matching Buyers up with the best fit for a beach home. We invite you to flip through the pages for a look at the home market trends for the first quarter of 2021. If you would like additional, more detailed, insight relevant to your specific real estate needs, we hope you will reach out to us and allow us to be a resource to you.

Warmly from the beach,

Erin

Erin Oden is the principal broker and owner of COASTAL LUXURY, a real estate firm that maintains a strong emphasis on intimate market knowledge and expertise in the luxury and Gulf-front market.

Erin can be reached at 850.502.1220 or erin@coastalluxury.com. Or stop

by COASTAL LUXURY, located directly on 30A, the first office east of Alys Beach.

Search all available properties at CoastalLuxury.com/SEARCH.

MARKET REPORT FOR

SCENIC HWY 30A CORRIDOR First Quarter 2021

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Q U A R T E R E N D

373

$1,069,849

$462

1033

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

+73%

+43%

+27%

-81%

644

$1,528,364

$587

194

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

MONTHS OF INVENTORY

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

7.6

$399,053,807

138

96%

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

-89%

+147%

-37%

+1%

0.9

$984,266,685

87

97%

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos. Excludes land. Deemed reliable but not guaranteed.

SCENIC HWY 30A CORRIDOR

PG. 5 Q1 2021

MARKET REPORT FOR

WATERSOUND BEACH First Quarter 2021

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Q U A R T E R E N D

14

$2,247,264

$687

42

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

+50%

+31%

+27%

-95%

21

$2,945,218

$871

2

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

MONTHS OF INVENTORY

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

11.5

$31,461,700

308

94%

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

-98%

+97%

-77%

+2%

0.2

$61,849,575

70

96%

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos. Excludes land. Deemed reliable but not guaranteed.

WATERSOUND BEACH

PG. 7 Q1 2021

MARKET REPORT FOR

WATERCOLOR First Quarter 2021

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Q U A R T E R E N D

20

$2,007,475

$640

55

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

+145%

+4%

+11%

-821%

49

$2,079,067

$712

10

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

MONTHS OF INVENTORY

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

6.6

$40,149,500

138

96%

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

-90%

+154%

-67%

+3%

0.9

$101,874,300

45

99%

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos. Excludes land. Deemed reliable but not guaranteed.

WATERCOLOR

PG. 9 Q1 2021

MARKET REPORT FOR

ROSEMARY BEACH First Quarter 2021

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Q U A R T E R E N D

14

$1,705,714

$729

61

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

+136%

+86%

+38%

-69%

33

$3,172,303

$1,002

19

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

MONTHS OF INVENTORY

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

13.1

$23,880,000

238

94%

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

-81%

+338%

+29%

+1%

2.4

$104,686,000

306

95%

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos. Excludes land. Deemed reliable but not guaranteed.

ROSEMARY BEACH

PG. 11 Q1 2021

MARKET REPORT FOR

SEASIDE

First Quarter 2021

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Q U A R T E R E N D

4

$2,009,164

$1,325

20

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

+150%

+48%

+25%

-60%

10

$2,964,500

$1,661

8

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

MONTHS OF INVENTORY

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

9.6

$8,036,655

328

94%

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

-73%

+269%

-75%

+4%

2.6

$29,645,000

81

98%

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos. Excludes land. Deemed reliable but not guaranteed.

SEASIDE

PG. 13 Q1 2021

MARKET REPORT FOR

ALYS BEACH First Quarter 2021

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Q U A R T E R E N D

11

$3,289,157

$1,098

22

Q 1

2 0 2 0

Q 1

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

+9%

+61%

+26%

-73%

12

$5,299,906

$1,381

6

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

MONTHS OF INVENTORY

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

5.4

$36,180,726

102

98%

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

-83%

+76%

-44%

-1%

0.9

$63,598,876

57

98%

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos. Excludes land. Deemed reliable but not guaranteed.

ALYS BEACH

PG. 14 Q1 2021

MARKET REPORT FOR

GRAYTON BEACH First Quarter 2021

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Q U A R T E R E N D

4

$1,175,125

$559

25

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

+175%

+88%

+26%

-88%

11

$2,210,048

$702

3

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

MONTHS OF INVENTORY

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

25

$4,700,500

168

93%

Q 1

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

-96%

+417%

+22%

+3%

1

$24,310,525

204

96%

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos. Excludes land. Deemed reliable but not guaranteed.

GRAYTON BEACH

PG. 16 Q1 2021

MARKET REPORT FOR

30A GULF-FRONT First Quarter 2021

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Q U A R T E R E N D

37

$1,560,419

$854

110

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

+95%

+90%

+24%

-75%

72

$2,962,598

$1,060

27

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

MONTHS OF INVENTORY

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

11.2

$57,735,500

183

95%

Q 1

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

-88%

+269%

-30%

+1%

1.3

$213,307,075

128

96%

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos. Excludes land. Deemed reliable but not guaranteed.

30A GULF-FRONT

PG. 18 Q1 2021

MARKET REPORT FOR

30A HIGH-END LUXURY $3M+ First Quarter 2021

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Q U A R T E R E N D

23

$3,924,234

$992

118

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

+230%

+24%

+13%

-45%

76

$4,859,544

$1,119

65

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

MONTHS OF INVENTORY

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

17.3

$90,257,381

221

96%

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

-83%

+309%

-28%

+1%

2.9

$369,325,376

159

97%

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos. Excludes land. Deemed reliable but not guaranteed.

30A HIGH-END LUXURY $3M+

PG. 20 Q1 2021

MARKET REPORT FOR

CARILLON BEACH First Quarter 2021

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Q U A R T E R E N D

6

$1,076,000

$509

24

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

+100%

-29%

+8%

-50%

12

$766,404

$552

12

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

MONTHS OF INVENTORY

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

7.4

$6,456,000

185

94%

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

-57%

+42%

-38%

+2%

3.9

$9,196,851

115

96%

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos. Excludes land. Deemed reliable but not guaranteed.

CARILLON BEACH

PG. 22 Q1 2021

MARKET REPORT FOR

DESTIN & MIRAMAR BEACH First Quarter 2021

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Q U A R T E R E N D

471

$561,693

$301

139

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

+81%

+22%

+20%

-30%

854

$684,112

$360

97

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

MONTHS OF INVENTORY

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

6.2

$264,557,512

139

95%

Q 1

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

-72%

+121%

-30%

+2%

1.8

$584,231,504

97

97%

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos. Excludes land. Deemed reliable but not guaranteed.

DESTIN & MIRAMAR BEACH

PG. 24 Q1 2021

MARKET REPORT FOR

SANDESTIN RESORT First Quarter 2021

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Q U A R T E R E N D

84

$483,596

$309

262

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

+145%

+32%

+20%

-63%

206

$637,333

$370

97

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

MONTHS OF INVENTORY

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

7.4

$40,622,075

180

95%

Q 1

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

-77%

+223%

-40%

+2%

1.7

$131,290,574

108

97%

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos. Excludes land. Deemed reliable but not guaranteed.

SANDESTIN RESORT

PG. 26 Q1 2021

MARKET REPORT FOR

BURNT PINE First Quarter 2021

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Q U A R T E R E N D

3

$1,650,000

$397

29

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

+367%

+31%

+9%

-66%

14

$2,159,804

$432

10

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

MONTHS OF INVENTORY

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

12.4

$4,950,000

89

97%

Q 1

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

-85%

+511%

-22%

1.8

$30,327,255

70

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 0

97% Q 1

2 0 2 1

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos. Excludes land. Deemed reliable but not guaranteed.

BURNT PINE

PG. 28 Q1 2021

MARKET REPORT FOR

BAYFRONT First Quarter 2021

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Q U A R T E R E N D

21

$871,595

$330

68

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

+33%

+84%

+36%

-41%

28

$1,608,054

$449

40

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

MONTHS OF INVENTORY

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

7.1

$18,303,500

196

90%

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

-55%

+146%

-56%

+8%

3.2

$45,025,499

86

98%

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos. Excludes land. Deemed reliable but not guaranteed.

BAYFRONT

PG. 30 Q1 2021

MARKET REPORT FOR

DESTIN, MIRAMAR BEACH GULF-FRONT First Quarter 2021

NUMBER OF SALES

AV E R A G E SALES PRICE

AV E R A G E P R I C E PER SQUARE FOOT

PROPERTIES ON M A R K E T AT Q U A R T E R E N D

81

$870,801

$451

227

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

+114%

+2%

+15%

-53%

173

$890,087

$517

105

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

MONTHS OF INVENTORY

VOLUME OF SALES

AV E R A G E D AY S O N M A R K E T OF SOLD PROPERTIES

P E R C E N TA G E O F LIST PRICE

7.6

$70,534,850

137

91%

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

Q 1

2 0 2 0

-39%

+118%

-14%

+6%

2.3

$153,985,125

119

97%

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Q 1

2 0 2 1

Statistics according to data gathered from FLEX MLS for combined residential properties (detached homes, attached units, and condos. Excludes land. Deemed reliable but not guaranteed.

DESTIN, MIRAMAR BEACH GULF-FRONT

PG. 32 Q1 2021