Q1 Market Report 2020

Q1 2020 | MARKET REPORT

226 PARADISE BY THE SEA BLVD OFFERED AT $3,975,000

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TABLE OF CONTENTS

STATE OF THE MARKET SUMMARY

NOTABLE Q1 SALES

LUXURY LISTINGS

pages 4-5

pages 6-13

pages 14-21

30A MARKET STATS Inlet Beach | Rosemary Beach | Alys Beach Seacrest | Watersound | Seagrove | Seaside WaterColor | Grayton Beach | Blue Mountain | Dune Allen pages 23-33

DESTIN MARKET STATS

MIRAMAR BEACH & SANDESTIN MARKET STATS

PANAMA CITY BEACH MARKET STATS

pages 34-35

pages 36-37

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OVERALL MARKET STATS DETACHED SINGLE FAMILY HOMES

OVERALL MARKET STATS CONDOMINIUMS

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STATE OF THE MARKET

This year had an extremely strong start. The overall market in Q Before the Covid-19 outbreak swept through much of the world up 19.6% and sold volume had an increase of 17.8% comparin created unique opportunities for buyers. The market has prove in the months ahead.

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Quarter 1 has seen an increase in total volume and sales price. d, data from our markets showed the average sales price was ng Q1 2019 to Q1 2020. The current state of the market has en resilient in the past and we are anticipating a strong upswing

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NOTABLE Q1 SALES

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1848 E. COUNTY HWY 30A #22 SOLD FOR $2,500,000 IN WATERCOLOR

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44 SHEEPSHANK LANE SOLD FOR $1,530,000 IN WATERSOUND WEST BEACH

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89 W. WATERCOLOR BOULEVARD SOLD FOR $3,100,000 IN WATERCOLOR

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427 PELICAN CIRCLE SOLD FOR $1,825,000 IN CAMP CREEK LAKE

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LUXURY LISTINGS

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52 MAKO DRIVE OFFERED AT $8,975,000 IN SEAGROVE

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517 BEACHSIDE GARDENS OFFERED AT $6,699,000 IN CARILLON BEACH page 16

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36 WALTON MAGNOLIA LANE OFFERED AT $3,750,000 IN INLET BEACH

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LOT 13 SHINGLE LANE OFFERED AT $3,300,000 IN WATERSOUND BEACH

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Q1 2020 MARKET STATS

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INLET BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES

SOLD VOLUME UP 65%

AVERAGE SALES PRICE

33 Q1 2019

$35,447,532 $58,653,861 Q1 2019 Q1 2020

$1,074,167 Q1 2019

44 Q1 2020

AVERAGE DAYS ON MARKET 123 Q1 2019

89 Q1 2020

$1,333,042 Q1 2020

LIST PRICE TO SALES PRICE RATIO 97% Q1 2019

94% Q1 2020 page 23

ROSEMARY BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES

SOLD VOLUME UP 44%

AVERAGE SALES PRICE

4 Q1 2019

$9,920,000 $14,270,000 Q1 2019 Q1 2020

$2,480,000 Q1 2019

7 Q1 2020

AVERAGE DAYS ON MARKET 165 Q1 2019 page 24

269 Q1 2020

LIST PRICE TO SALES PRICE RATIO 92% Q1 2019

91% Q1 2020

$2,038,571 Q1 2020

ALYS BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES

SOLD VOLUME UP 673%

AVERAGE SALES PRICE

1 Q1 2019

$3,510,000 $27,120,726 Q1 2019 Q1 2020

$3,510,000 Q1 2019

7 Q1 2020

AVERAGE DAYS ON MARKET 84 Q1 2019

91 Q1 2020

$3,874,389 Q1 2020

LIST PRICE TO SALES PRICE RATIO 85% Q1 2019

99% Q1 2020 page 25

SEACREST DETACHED SINGLE FAMILY HOMES NUMBER OF SALES

SOLD VOLUME UP 87%

AVERAGE SALES PRICE

9 Q1 2019

$7,968,417 $14,866,505 Q1 2019 Q1 2020

$885,379 Q1 2019

12 Q1 2020

AVERAGE DAYS ON MARKET 315 Q1 2019 page 26

168 Q1 2020

LIST PRICE TO SALES PRICE RATIO 95% Q1 2019

96% Q1 2020

$1,238,875 Q1 2020

WATERSOUND DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 22 Q1 2019

24 Q1 2020

SOLD VOLUME DOWN 25% $41,912,084 $31,289,413 Q1 2019 Q1 2020

AVERAGE DAYS ON MARKET 132 Q1 2019

135 Q1 2020

AVERAGE SALES PRICE $1,905,094 Q1 2019

$1,303,725 Q1 2020

LIST PRICE TO SALES PRICE RATIO 95% Q1 2019

93% Q1 2020 page 27

SEAGROVE DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 32 Q1 2019

27 Q1 2020

SOLD VOLUME UP 6% $35,839,700 $37,837,000 Q1 2019 Q1 2020

AVERAGE DAYS ON MARKET 168 Q1 2019 page 28

106 Q1 2020

AVERAGE SALES PRICE $1,119,991 Q1 2019

LIST PRICE TO SALES PRICE RATIO 95% Q1 2019

90% Q1 2020

$1,401,370 Q1 2020

SEASIDE DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 4 Q1 2019

2 Q1 2020

SOLD VOLUME DOWN 11% $6,640,000 Q1 2019

AVERAGE DAYS ON MARKET 51 Q1 2019

542 Q1 2020

$5,941,655 Q1 2020

AVERAGE SALES PRICE $1,660,000 Q1 2019

$2,970,828 Q1 2020

LIST PRICE TO SALES PRICE RATIO 97% Q1 2019

94% Q1 2020 page 29

WATERCOLOR DETACHED SINGLE FAMILY HOMES NUMBER OF SALES

SOLD VOLUME UP 181%

AVERAGE SALES PRICE

6 Q1 2019

$11,809,000 $33,234,500 Q1 2019 Q1 2020

$1,968,167 Q1 2019

16 Q1 2020

AVERAGE DAYS ON MARKET 164 Q1 2019 page 30

95 Q1 2020

LIST PRICE TO SALES PRICE RATIO 92% Q1 2019

95% Q1 2020

$2,077,156 Q1 2020

GRAYTON BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES

SOLD VOLUME UP 16%

AVERAGE SALES PRICE

6 Q1 2019

$9,900,000 $11,486,330 Q1 2019 Q1 2020

$1,650,000 Q1 2019

10 Q1 2020

AVERAGE DAYS ON MARKET 225 Q1 2019

136 Q1 2020

$1,148,633 Q1 2020

LIST PRICE TO SALES PRICE RATIO 89% Q1 2019

93% Q1 2020 page 31

BLUE MOUNTAIN BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 34 Q1 2019

37 Q1 2020

SOLD VOLUME DOWN 1% $32,159,491 $31,717,639 Q1 2019 Q1 2020

AVERAGE DAYS ON MARKET 88 Q1 2019 page 32

92 Q1 2020

AVERAGE SALES PRICE $945,867 Q1 2019

LIST PRICE TO SALES PRICE RATIO 95% Q1 2019

97% Q1 2020

$857,233 Q1 2020

DUNE ALLEN DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 36 Q1 2019

27 Q1 2020

SOLD VOLUME UP 1% $26,028,603 $26,203,430 Q1 2019 Q1 2020

AVERAGE DAYS ON MARKET 95 Q1 2019

203 Q1 2020

AVERAGE SALES PRICE $723,017 Q1 2019

$970,497 Q1 2020

LIST PRICE TO SALES PRICE RATIO 96% Q1 2019

94% Q1 2020 page 33

DESTIN DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 105 Q1 2019

92 Q1 2020

SOLD VOLUME DOWN 10% $66,204,213 $59,698,519 Q1 2019 Q1 2020

AVERAGE DAYS ON MARKET 85 Q1 2019 page 34

96 Q1 2020

AVERAGE SALES PRICE $630,516 Q1 2019

LIST PRICE TO SALES PRICE RATIO 95% Q1 2019

95% Q1 2020

$648,896 Q1 2020

CONDOMINIUMS NUMBER OF SALES 142 Q1 2019

118 Q1 2020

SOLD VOLUME DOWN 12% $61,093,761 $53,992,894 Q1 2019 Q1 2020

AVERAGE DAYS ON MARKET 107 Q1 2019

116 Q1 2020

AVERAGE SALES PRICE $430,237 Q1 2019

$457,566 Q1 2020

LIST PRICE TO SALES PRICE RATIO 95% Q1 2019

95% Q1 2020 page 35

MIRAMAR BEACH & SANDESTIN DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 82 Q1 2019

68 Q1 2020

SOLD VOLUME UP 5% $61,787045 $65,151,683 Q1 2019 Q1 2020

AVERAGE DAYS ON MARKET 132 Q1 2019 page 36

137 Q1 2020

AVERAGE SALES PRICE $753,500 Q1 2019

LIST PRICE TO SALES PRICE RATIO 95% Q1 2019

91% Q1 2020

$958,112 Q1 2020

CONDOMINIUMS NUMBER OF SALES

SOLD VOLUME UP 21%

AVERAGE SALES PRICE

115 Q1 2019

$40,887,450 $49,509,772 Q1 2019 Q1 2020

$355,543 Q1 2019

116 Q1 2020

AVERAGE DAYS ON MARKET 137 Q1 2019

110 Q1 2020

$426,808 Q1 2020

LIST PRICE TO SALES PRICE RATIO 94% Q1 2019

95% Q1 2020 page 37

PANAMA CITY BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 214 Q1 2019

206 Q1 2020

SOLD VOLUME UP 9% $73,717,364 $80,571,235 Q1 2019 Q1 2020

AVERAGE DAYS ON MARKET 67 Q1 2019 page 38

78 Q1 2020

AVERAGE SALES PRICE $344,473 Q1 2019

LIST PRICE TO SALES PRICE RATIO 98% Q1 2019

96% Q1 2020

$391,122 Q1 2020

CONDOMINIUMS NUMBER OF SALES

SOLD VOLUME UP 52%

AVERAGE SALES PRICE

98 Q1 2019

$29,518,295 $44,958,132 Q1 2019 Q1 2020

$301,207 Q1 2019

140 Q1 2020

AVERAGE DAYS ON MARKET 91 Q1 2019

108 Q1 2020

$321,129 Q1 2020

LIST PRICE TO SALES PRICE RATIO 96% Q1 2019

97% Q1 2020 page 39

OVERALL Q1 MARKET STATS DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 588 Q1 2019

579 Q1 2020

SOLD VOLUME UP 17.8% $422,843,449 $498,042,496 Q1 2019 Q1 2020

AVERAGE DAYS ON MARKET 135 Q1 2019 page 40

160 Q1 2020

AVERAGE SALES PRICE $719,121 Q1 2019

LIST PRICE TO SALES PRICE RATIO 94% Q1 2019

94% Q1 2020

$860,177 Q1 2020

OVERALL Q1 MARKET STATS CONDOS

NUMBER OF SALES 355 Q1 2019

374 Q1 2020

SOLD VOLUME UP 12.9% $131,499,506 $148,460,798 Q1 2019 Q1 2020

AVERAGE SALES PRICE $370,421 Q1 2019

$396,954 Q1 2020

AVERAGE DAYS ON MARKET 112 Q1 2019

111 Q1 2020

LIST PRICE TO SALES PRICE RATIO 95% Q1 2019

96% Q1 2020 page 41