Quarter 1 2022 Market Report

Q1 2022 | MARKET REPORT

3979 W. COUNTY HWY 30A OFFERED AT $6,250,000

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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

Prices have continued to climb throughout quarter one in the p in ‘days on market’, the average price point has increased 23% Listing inventory does not last long on the market, forcing buye the board have decreased due to lack of inventory. Advisors are homes, tapping them further into the investment market. As me travel experiences, places like 30A are well-positioned to be gre

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panhandle real estate market. With rising prices and a drop % year over year and average days on market dropped 37%. ers to act fast with competitive offers. Number of sales across re being forced to create their own inventory by building spec entioned in yahoo finance “...more visitors desire “authentic” eat investments.”

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NOTABLE Q1 SALES

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5583 W. COUNTY HWY 30A SOLD FOR $4,300,000 IN DUNE ALLEN

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221 SAND CLIFFS DRIVE SOLD FOR $3,900,000 IN INLET BEACH page 8

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4463 W. COUNTY HWY 30A 400 SOLD FOR $3,990,000 IN SANTA ROSA BEACH

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115 PARADISE BY THE SEA BLVD SOLD FOR $24,000,000 IN PARADISE BY THE SEA

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LUXURY LISTINGS

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2192 W. COUNTY HWY 30A OFFERED AT $3,400,000 IN BLUE MOUNTAIN

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44 HILLTOP DRIVE OFFERED AT $5,695,000 IN DUNE ALLEN

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48 SANDSTONE STREET OFFERED AT $2,550,000 IN DUNE ALLEN

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408 WESTERN LAKE DRIVE OFFERED AT $3,675,000 IN WATERCOLOR

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Q1 2022 MARKET STATS

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INLET BEACH DETACHED SINGLE FAMILY HOMES UP 19% NUMBER OF SALES 21 Q1 2021

25 Q1 2022

AVERAGE PRICE PER SQ. FT. $515 Q1 2021

DOWN 47% AVERAGE DAYS ON MARKET 47 Q1 2021

25 Q1 2022

$513 Q1 2022

AVERAGE SALES PRICE $1,513,648 Q1 2021

$1,360,280 Q1 2022

UP 2% LIST PRICE TO SALES PRICE RATIO 96% Q1 2021

98% Q1 2022 page 23

ROSEMARY BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 22 Q1 2021

7 Q1 2022

UP 28%

UP 21%

AVERAGE PRICE PER SQ. FT.

AVERAGE SALES PRICE

$1,029 Q1 2021

DOWN 75% AVERAGE DAYS ON MARKET 281 Q1 2021 page 24

69 Q1 2022

$1,314 Q1 2022

$3,567,341 Q1 2021

UP 3% LIST PRICE TO SALES PRICE RATIO 94% Q1 2021

97% Q1 2022

$4,317,857 Q1 2022

ALYS BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 9 Q1 2021

3 Q1 2022

AVERAGE PRICE PER SQ. FT. $1,418 Q1 2021

DOWN 100% AVERAGE DAYS ON MARKET 41 Q1 2021

0 Q1 2022

$1,331 Q1 2022

AVERAGE SALES PRICE $5,827,653 Q1 2021

$4,240,876 Q1 2022

UP 4% LIST PRICE TO SALES PRICE RATIO 98% Q1 2021

102% Q1 2022 page 25

SEACREST DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 52 Q1 2021

43 Q1 2022

UP 48%

UP 70%

AVERAGE PRICE PER SQ. FT.

AVERAGE SALES PRICE

$567 Q1 2021

AVERAGE DAYS ON MARKET 48 Q1 2021 page 26

53 Q1 2022

$842 Q1 2022

$1,790,794 Q1 2021

UP 1% LIST PRICE TO SALES PRICE RATIO 97% Q1 2021

98% Q1 2022

$3,039,302 Q1 2022

WATERSOUND BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 41 Q1 2021

11 Q1 2022

UP 42%

UP 57%

AVERAGE PRICE PER SQ. FT.

AVERAGE SALES PRICE

$681 Q1 2021

AVERAGE DAYS ON MARKET 47 Q1 2021

48 Q1 2022

$967 Q1 2022

$2,360,532 Q1 2021

$3,708,636 Q1 2022

UP 1% LIST PRICE TO SALES PRICE RATIO 97% Q1 2021

98% Q1 2022 page 27

SEAGROVE DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 62 Q1 2021

46 Q1 2022

UP 43%

UP 55%

AVERAGE PRICE PER SQ. FT.

AVERAGE SALES PRICE

$553 Q1 2021

AVERAGE DAYS ON MARKET 64 Q1 2021 page 28

70 Q1 2022

$793 Q1 2022

$1,659,439 Q1 2021

UP 1% LIST PRICE TO SALES PRICE RATIO 97% Q1 2021

98% Q1 2022

$2,577,576 Q1 2022

SEASIDE DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 6 Q1 2021

4 Q1 2022

UP 3%

UP 10%

AVERAGE PRICE PER SQ. FT.

AVERAGE SALES PRICE

$1,951 Q1 2021

DOWN 82% AVERAGE DAYS ON MARKET 66 Q1 2021

12 Q1 2022

$2,005 Q1 2022

$3,187,500 Q1 2021

$3,512,500 Q1 2022

UP 2% LIST PRICE TO SALES PRICE RATIO 98% Q1 2021

100% Q1 2022 page 29

WATERCOLOR DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 41 Q1 2021

19 Q1 2022

UP 45%

UP 49%

AVERAGE PRICE PER SQ. FT.

AVERAGE SALES PRICE

$698 Q1 2021

AVERAGE DAYS ON MARKET 37 Q1 2021 page 30

51 Q1 2022

$1,012 Q1 2022

$2,204,915 Q1 2021

LIST PRICE TO SALES PRICE RATIO 99% Q1 2021

98% Q1 2022

$3,291,647 Q1 2022

GRAYTON BEACH DETACHED SINGLE FAMILY HOMES UP 9% NUMBER OF SALES 16 Q1 2021

10 Q1 2022

AVERAGE PRICE PER SQ. FT. $580 Q1 2021

DOWN 76% AVERAGE DAYS ON MARKET 115 Q1 2021

28 Q1 2022

$633 Q1 2022

AVERAGE SALES PRICE $1,828,967 Q1 2021

$1,741,600 Q1 2022

LIST PRICE TO SALES PRICE RATIO 97% Q1 2021

93% Q1 2022 page 31

BLUE MOUNTAIN BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 70 Q1 2021

59 Q1 2022

UP 37%

UP 18%

AVERAGE PRICE PER SQ. FT.

AVERAGE SALES PRICE

$460 Q1 2021

AVERAGE DAYS ON MARKET 53 Q1 2021 page 32

53 Q1 2022

$632 Q1 2022

$1,446,654 Q1 2021

LIST PRICE TO SALES PRICE RATIO 98% Q1 2021

99% Q1 2022

$1,701,237 Q1 2022

DUNE ALLEN DETACHED SINGLE FAMILY HOMES UP 139%

UP 3%

NUMBER OF SALES 33 Q1 2021

79 Q1 2022

AVERAGE PRICE PER SQ. FT. $540 Q1 2021

DOWN 3% AVERAGE DAYS ON MARKET 62 Q1 2021

60 Q1 2022

$493 Q1 2022

AVERAGE SALES PRICE $1,360,060 Q1 2021

$1,398,076 Q1 2022

LIST PRICE TO SALES PRICE RATIO 97% Q1 2021

97% Q1 2022 page 33

DESTIN DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 167 Q1 2021

117 Q1 2022

UP 34%

UP 31%

AVERAGE PRICE PER SQ. FT.

AVERAGE SALES PRICE

$320 Q1 2021

DOWN 45% AVERAGE DAYS ON MARKET 78 Q1 2021 page 34

43 Q1 2022

$428 Q1 2022

$983,445 Q1 2021

UP 2% LIST PRICE TO SALES PRICE RATIO 96% Q1 2021

97% Q1 2022

$1,289,981 Q1 2022

CONDOMINIUMS UP 10%

UP 17%

UP 12%

NUMBER OF SALES

AVERAGE PRICE PER SQ. FT.

AVERAGE SALES PRICE

202 Q1 2021

222 Q1 2022

$386 Q1 2021

DOWN 36% AVERAGE DAYS ON MARKET 76 Q1 2021

49 Q1 2022

$453 Q1 2022

$503,163 Q1 2021

$562,270 Q1 2022

UP 1% LIST PRICE TO SALES PRICE RATIO 96% Q1 2021

97% Q1 2022 page 35

MIRAMAR BEACH & SANDESTIN DETACHED SINGLE FAMILY HOMES UP 2%

UP 28%

UP 22%

NUMBER OF SALES

AVERAGE PRICE PER SQ. FT.

AVERAGE SALES PRICE

116 Q1 2021

118 Q1 2022

$371 Q1 2021

DOWN 31% AVERAGE DAYS ON MARKET 56 Q1 2021 page 36

39 Q1 2022

$476 Q1 2022

$1,090,330 Q1 2021

LIST PRICE TO SALES PRICE RATIO 98% Q1 2021

96% Q1 2022

$1,325,407 Q1 2022

CONDOMINIUMS NUMBER OF SALES 273 Q1 2021

270 Q1 2022

UP 37%

UP 30%

AVERAGE PRICE PER SQ. FT.

AVERAGE SALES PRICE

$369 Q1 2021

DOWN 47% AVERAGE DAYS ON MARKET 92 Q1 2021

49 Q1 2022

$505 Q1 2022

$455,902 Q1 2021

$592,980 Q1 2022

UP 1% LIST PRICE TO SALES PRICE RATIO 97% Q1 2021

98% Q1 2022 page 37

PANAMA CITY BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 91 Q1 2021

77 Q1 2022

UP 10%

UP 5%

AVERAGE PRICE PER SQ. FT.

AVERAGE SALES PRICE

$318 Q1 2021

DOWN 58% AVERAGE DAYS ON MARKET 91 Q1 2021 page 38

39 Q1 2022

$349 Q1 2022

$684,199 Q1 2021

UP 3% LIST PRICE TO SALES PRICE RATIO 95% Q1 2021

98% Q1 2022

$720,755 Q1 2022

CONDOMINIUMS NUMBER OF SALES 199 Q1 2021

155 Q1 2022

UP 43%

UP 30%

AVERAGE PRICE PER SQ. FT.

AVERAGE SALES PRICE

$290 Q1 2021

DOWN 24% AVERAGE DAYS ON MARKET 63 Q1 2021

48 Q1 2022

$415 Q1 2022

$359,823 Q1 2021

$468,139 Q1 2022

UP 1% LIST PRICE TO SALES PRICE RATIO 98% Q1 2021

99% Q1 2022 page 39

OVERALL Q1 MARKET STATS DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 747 Q1 2021

618 Q1 2022

UP 18%

UP 16%

AVERAGE PRICE PER SQ. FT.

AVERAGE SALES PRICE

$714 Q1 2021

DOWN 46% AVERAGE DAYS ON MARKET 78 Q1 2021 page 40

42 Q1 2022

$842 Q1 2022

$2,107,534 Q1 2021

UP 1% LIST PRICE TO SALES PRICE RATIO 97% Q1 2021

98% Q1 2022

$2,444,695 Q1 2022

OVERALL Q1 MARKET STATS CONDOS NUMBER OF SALES 674 Q1 2021

647 Q1 2022

UP 31% AVERAGE PRICE PER SQ. FT. $348 Q1 2021

$453 Q1 2022

UP 23% AVERAGE SALES PRICE $439,629 Q1 2021

$541,129 Q1 2022

DOWN 37% AVERAGE DAYS ON MARKET 77 Q1 2021

48 Q1 2022

UP 1% LIST PRICE TO SALES PRICE RATIO 97% Q1 2021

99% Q1 2022 page 41