Q1 2021 Market Report

Q1 2021 | MARKET REPORT

208 PARADISE BY THE SEA BLVD OFFERED AT $7,999,000

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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

pages 38-39

OVERALL MARKET STATS DETACHED SINGLE FAMILY HOMES

OVERALL MARKET STATS CONDOMINIUMS

page 40

page 41

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STATE OF THE MARKET

Q1 had unparalleled market trends on 30A with the number of sol buyers were forced to act quickly and aggressively, driving sales p month worth of inventory in the market going into Q2 and are hop

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ld homes up 57% from last year. With inventory at an all-time low, prices up 38% and cost per sqft up 25%. We currently have one ping to utilize brand resources to generate listings for buyers.

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NOTABLE Q1 SALES

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27 COMPASS ROSE WAY SOLD FOR $3,995,000 IN WATERSOUND BEACH

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124 PARADISE BY THE SEA BOULEVARD SOLD FOR $4,400,000 IN PARADISE BY THE SEA

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63 HOLLY STREET SOLD FOR $4,015,000 IN SEAGROVE BEACH

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25 FORT PANIC ROAD SOLD FOR $5,300,000 IN DUNE ALLEN

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LUXURY LISTINGS 172 A STREET OFFERED AT $3,299,000 IN SEACREST

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94 EMERALD COVE LANE OFFERED AT $4,149,000 IN INLET BEACH page 17

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8 ELYSEE COURT OFFERED AT $6,799,000 IN ELYSEE

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113 FORT PANIC ROAD OFFERED AT $4,199,000 IN SANTA ROSA DUNES

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Q1 2021 MARKET STATS

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INLET BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 13 Q1 2020

21 Q1 2021

AVERAGE PRICE PER SQ. FT. $494 Q1 2020

AVERAGE DAYS ON MARKET 113 Q1 2020

47 Q1 2021

$526 Q1 2021

AVERAGE SALES PRICE $890,239 Q1 2020

$1,513,648 Q1 2021

LIST PRICE TO SALES PRICE RATIO 95% Q1 2020

96% Q1 2021 page 23

ROSEMARY BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 10 Q1 2020

22 Q1 2021

AVERAGE PRICE PER SQ. FT. $723 Q1 2020

AVERAGE DAYS ON MARKET 190 Q1 2020 page 24

281 Q1 2021

$1,029 Q1 2021

AVERAGE SALES PRICE $2,048,500 Q1 2020

LIST PRICE TO SALES PRICE RATIO 93% Q1 2020

94% Q1 2021

$3,567,341 Q1 2021

ALYS BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 7 Q1 2020

9 Q1 2021

AVERAGE PRICE PER SQ. FT. $1,089 Q1 2020

AVERAGE DAYS ON MARKET 91 Q1 2020

41 Q1 2021

$1,418 Q1 2021

AVERAGE SALES PRICE $3,874,389 Q1 2020

$5,827,653 Q1 2021

LIST PRICE TO SALES PRICE RATIO 100% Q1 2020

98% Q1 2021 page 25

SEACREST DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 30 Q1 2020

52 Q1 2021

AVERAGE PRICE PER SQ. FT. $446 Q1 2020

AVERAGE DAYS ON MARKET 153 Q1 2020 page 26

48 Q1 2021

$567 Q1 2021

AVERAGE SALES PRICE $1,179,877 Q1 2020

LIST PRICE TO SALES PRICE RATIO 94% Q1 2020

97% Q1 2021

$1,790,794 Q1 2021

WATERSOUND BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 23 Q1 2020

41 Q1 2021

AVERAGE PRICE PER SQ. FT. $547 Q1 2020

AVERAGE DAYS ON MARKET 143 Q1 2020

47 Q1 2021

$681 Q1 2021

AVERAGE SALES PRICE $1,935,828 Q1 2020

$2,360,532 Q1 2021

LIST PRICE TO SALES PRICE RATIO 95% Q1 2020

97% Q1 2021 page 27

SEAGROVE DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 29 Q1 2020

62 Q1 2021

AVERAGE PRICE PER SQ. FT. $479 Q1 2020

AVERAGE DAYS ON MARKET 101 Q1 2020 page 28

64 Q1 2021

$553 Q1 2021

AVERAGE SALES PRICE $1,373,000 Q1 2020

LIST PRICE TO SALES PRICE RATIO 95% Q1 2020

97% Q1 2021

$1,659,439 Q1 2021

SEASIDE DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 2 Q1 2020

6 Q1 2021

AVERAGE PRICE PER SQ. FT. $1,631 Q1 2020

AVERAGE DAYS ON MARKET 542 Q1 2020

66 Q1 2021

$1,951 Q1 2021

AVERAGE SALES PRICE $2,970,828 Q1 2020

$3,187,500 Q1 2021

LIST PRICE TO SALES PRICE RATIO 94% Q1 2020

98% Q1 2021 page 29

WATERCOLOR DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 18 Q1 2020

41 Q1 2021

AVERAGE PRICE PER SQ. FT. $616 Q1 2020

AVERAGE DAYS ON MARKET 111 Q1 2020 page 30

37 Q1 2021

$698 Q1 2021

AVERAGE SALES PRICE $1,994,972 Q1 2020

LIST PRICE TO SALES PRICE RATIO 95% Q1 2020

99% Q1 2021

$2,204,915 Q1 2021

GRAYTON BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 10 Q1 2020

16 Q1 2021

AVERAGE PRICE PER SQ. FT. $465 Q1 2020

AVERAGE DAYS ON MARKET 136 Q1 2020

115 Q1 2021

$580 Q1 2021

AVERAGE SALES PRICE $1,148,633 Q1 2020

$1,828,967 Q1 2021

LIST PRICE TO SALES PRICE RATIO 93% Q1 2020

97% Q1 2021 page 31

BLUE MOUNTAIN BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 46 Q1 2020

70 Q1 2021

AVERAGE PRICE PER SQ. FT. $383 Q1 2020

AVERAGE DAYS ON MARKET 103 Q1 2020 page 32

53 Q1 2021

$460 Q1 2021

AVERAGE SALES PRICE $930,197 Q1 2020

LIST PRICE TO SALES PRICE RATIO 97% Q1 2020

98% Q1 2021

$1,446,654 Q1 2021

DUNE ALLEN DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 30 Q1 2020

33 Q1 2021

AVERAGE PRICE PER SQ. FT. $373 Q1 2020

AVERAGE DAYS ON MARKET 191 Q1 2020

62 Q1 2021

$540 Q1 2021

AVERAGE SALES PRICE $916,448 Q1 2020

$1,360,060 Q1 2021

LIST PRICE TO SALES PRICE RATIO 94% Q1 2020

97% Q1 2021 page 33

DESTIN DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 108 Q1 2020

167 Q1 2021

AVERAGE PRICE PER SQ. FT. $253 Q1 2020

AVERAGE DAYS ON MARKET 95 Q1 2020 page 34

78 Q1 2021

$320 Q1 2021

AVERAGE SALES PRICE $645,977 Q1 2020

LIST PRICE TO SALES PRICE RATIO 95% Q1 2020

96% Q1 2021

$983,445 Q1 2021

Q1 2021

CONDOMINIUMS NUMBER OF SALES 131 Q1 2020

202 Q1 2021

AVERAGE PRICE PER SQ. FT. $319 Q1 2020

AVERAGE DAYS ON MARKET 118 Q1 2020

76 Q1 2021

$386 Q1 2021

AVERAGE SALES PRICE $455,919 Q1 2020

$503,163 Q1 2021

LIST PRICE TO SALES PRICE RATIO 95% Q1 2020

97% Q1 2021 page 35

MIRAMAR BEACH & SANDESTIN DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 74 Q1 2020

116 Q1 2021

AVERAGE PRICE PER SQ. FT. $291 Q1 2020

AVERAGE DAYS ON MARKET 130 Q1 2020 page 36

56 Q1 2021

$371 Q1 2021

AVERAGE SALES PRICE $946,041 Q1 2020

LIST PRICE TO SALES PRICE RATIO 92% Q1 2020

98% Q1 2021

$1,090,330 Q1 2021

CONDOMINIUMS NUMBER OF SALES 125 Q1 2020

273 Q1 2021

AVERAGE PRICE PER SQ. FT. $342 Q1 2020

AVERAGE DAYS ON MARKET 111 Q1 2020

92 Q1 2021

$369 Q1 2021

AVERAGE SALES PRICE $416,733 Q1 2020

$455,902 Q1 2021

LIST PRICE TO SALES PRICE RATIO 96% Q1 2020

97% Q1 2021 page 37

PANAMA CITY BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 63 Q1 2020

73 Q1 2021

AVERAGE PRICE PER SQ. FT. $234 Q1 2020

AVERAGE DAYS ON MARKET 92 Q1 2020 page 38

91 Q1 2021

$318 Q1 2021

AVERAGE SALES PRICE $479,251 Q1 2020

LIST PRICE TO SALES PRICE RATIO 95% Q1 2020

95% Q1 2021

$684,199 Q1 2021

CONDOMINIUMS NUMBER OF SALES 147 Q1 2020

199 Q1 2021

AVERAGE PRICE PER SQ. FT. $247 Q1 2020

AVERAGE DAYS ON MARKET 108 Q1 2020

63 Q1 2021

$290 Q1 2021

AVERAGE SALES PRICE $319,544 Q1 2020

$359,823 Q1 2021

LIST PRICE TO SALES PRICE RATIO 98% Q1 2020

98% Q1 2021 page 39

OVERALL Q1 MARKET STATS DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 463 Q1 2020

729 Q1 2021

AVERAGE PRICE PER SQ. FT. $598 Q1 2020

AVERAGE DAYS ON MARKET 156.5 Q1 2020 page 40

78 Q1 2021

$746 Q1 2021

AVERAGE SALES PRICE $1,523,870 Q1 2020

LIST PRICE TO SALES PRICE RATIO 95% Q1 2020

97% Q1 2021

$2,107,534 Q1 2021

OVERALL Q1 MARKET STATS CONDOS

NUMBER OF SALES 403 Q1 2020

674 Q1 2021

AVERAGE PRICE PER SQ. FT. $303 Q1 2020

$348 Q1 2021

AVERAGE SALES PRICE $397,399 Q1 2020

$439,629 Q1 2021

AVERAGE DAYS ON MARKET 112 Q1 2020

77 Q1 2021

LIST PRICE TO SALES PRICE RATIO 96% Q1 2020

97% Q1 2021 page 41