Q3 2020 Market Report

Q3 2020 | MARKET REPORT

159 BRENDA LANE OFFERED AT $3,395,000

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TABLE OF CONTENTS

STATE OF THE MARKET SUMMARY

NOTABLE Q3 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

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page 41

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STATE OF THE MARKET

In the third quarter, we saw tremendous growth in the market fo sales volume. Alys Beach and Rosemary Beach each had over Inlet Beach both had over 300% growth. Condo sales were als the biggest driver with a 137% increase. Average sales prices a Grayton Beach nearly doubled with a 98% increase and the ma single family homes. The average price for condos had a 14% was Miramar Beach/Sandestin which saw a 44% uptick in the page 4

or detached single family homes with a 159% increase in r 400% increases in sales volume while Grayton Beach and so up 61% for the market with Miramar Beach/Sandestin being also saw a substantial lift. The average sales price for homes in arket overall had a 41% lift in average sales price for detached increase in the average sales price and again the big driver average sales price. page 5

NOTABLE Q3 SALES

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8910 E. COUNTY HWY 30A SOLD FOR $4,900,000 IN SANTA ROSA BEACH

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205 MAGNOLIA STREET SOLD FOR $2,415,000 IN GRAYTON BEACH

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27 SANDY CREEK CIRCLE SOLD FOR $3,550,000 IN WATERCOLOR

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51 GREEN STREET SOLD FOR $3,850,000 IN INLET BEACH

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LUXURY LISTINGS

146 PARADISE BY THE SEA BLVD OFFERED AT $6,750,000 IN PARADISE BY THE SEA

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50 E. ST. LUCIA LANE OFFERED AT $5,950,000 IN THE RETREAT

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52 CAMP CREEK POINT DRIVE OFFERED AT $2,595,000 IN CAMP CREEKPOINT

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41 MISTFLOWER LANE OFFERED AT $3,775,000 IN WATERCOLOR

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Q3 2020 MARKET STATS

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INLET BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES

SOLD VOLUME UP 330%

AVERAGE SALES PRICE

52 Q3 2019

$48,985,870 $210,929,844 Q3 2019 Q3 2020

$942,035 Q3 2019

136 Q3 2020

AVERAGE DAYS ON MARKET 110 Q3 2019

112 Q3 2020

$1,550,954 Q3 2020

LIST PRICE TO SALES PRICE RATIO 94% Q3 2019

95% Q3 2020 page 23

ROSEMARY BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES

SOLD VOLUME UP 419%

AVERAGE SALES PRICE

7 Q3 2019

$12,710,000 $65,960,500 Q3 2019 Q3 2020

$1,815,714 Q3 2019

25 Q3 2020

AVERAGE DAYS ON MARKET 156 Q3 2019 page 24

170 Q3 2020

LIST PRICE TO SALES PRICE RATIO 92% Q3 2019

94% Q3 2020

$2,638,420 Q3 2020

ALYS BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES

SOLD VOLUME UP 447%

AVERAGE SALES PRICE

4 Q3 2019

$13,644,283 $74,621,127 Q3 2019 Q3 2020

$3,411,070 Q3 2019

20 Q3 2020

AVERAGE DAYS ON MARKET 35 Q3 2019

62 Q3 2020

$3,731,056 Q3 2020

LIST PRICE TO SALES PRICE RATIO 97% Q3 2019

97% Q3 2020 page 25

SEACREST DETACHED SINGLE FAMILY HOMES NUMBER OF SALES

SOLD VOLUME UP 99%

AVERAGE SALES PRICE

13 Q3 2019

$10,774,406 $21,423,503 Q3 2019 Q3 2020

$722,106 Q3 2019

19 Q3 2020

AVERAGE DAYS ON MARKET 114 Q3 2019 page 26

106 Q3 2020

LIST PRICE TO SALES PRICE RATIO 97% Q3 2019

98% Q3 2020

$1,127,552 Q3 2020

WATERSOUND DETACHED SINGLE FAMILY HOMES NUMBER OF SALES

SOLD VOLUME UP 129%

AVERAGE SALES PRICE

25 Q3 2019

$37,177,787 $85,389,708 Q3 2019 Q3 2020

$1,487,111 Q3 2019

66 Q3 2020

AVERAGE DAYS ON MARKET 106 Q3 2019

124 Q3 2020

$1,293,783 Q3 2020

LIST PRICE TO SALES PRICE RATIO 98% Q3 2019

96% Q3 2020 page 27

SEAGROVE DETACHED SINGLE FAMILY HOMES NUMBER OF SALES

SOLD VOLUME UP 172%

AVERAGE SALES PRICE

33 Q3 2019

$39,523,350 $107,528,333 Q3 2019 Q3 2020

$1,197,677 Q3 2019

68 Q3 2020

AVERAGE DAYS ON MARKET 118 Q3 2019 page 28

145 Q3 2020

LIST PRICE TO SALES PRICE RATIO 92% Q3 2019

96% Q3 2020

$1,581,299 Q3 2020

SEASIDE DETACHED SINGLE FAMILY HOMES NUMBER OF SALES

SOLD VOLUME UP 103%

AVERAGE SALES PRICE

4 Q3 2019

$15,122,500 $30,687,000 Q3 2019 Q3 2020

$3,780,625 Q3 2019

13 Q3 2020

AVERAGE DAYS ON MARKET 136 Q3 2019

70 Q3 2020

$2,360,538 Q3 2020

LIST PRICE TO SALES PRICE RATIO 97% Q3 2019

96% Q3 2020 page 29

WATERCOLOR DETACHED SINGLE FAMILY HOMES NUMBER OF SALES

SOLD VOLUME UP 174%

AVERAGE SALES PRICE

25 Q3 2019

$43,967,230 $120,357,720 Q3 2019 Q3 2020

$1,758,689 Q3 2019

56 Q3 2020

AVERAGE DAYS ON MARKET 97 Q3 2019 page 30

110 Q3 2020

LIST PRICE TO SALES PRICE RATIO 97% Q3 2019

97% Q3 2020

$2,149,245 Q3 2020

GRAYTON BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES

SOLD VOLUME UP 341%

AVERAGE SALES PRICE

9 Q3 2019

$6,945,500 $30,610,400 Q3 2019 Q3 2020

$771,722 Q3 2019

20 Q3 2020

AVERAGE DAYS ON MARKET 149 Q3 2019

187 Q3 2020

$1,530,520 Q3 2020

LIST PRICE TO SALES PRICE RATIO 97% Q3 2019

97% Q3 2020 page 31

BLUE MOUNTAIN BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES

SOLD VOLUME UP 130%

AVERAGE SALES PRICE

57 Q3 2019

$41,904,018 $96,422,607 Q3 2019 Q3 2020

$735,158 Q3 2019

105 Q3 2020

AVERAGE DAYS ON MARKET 85 Q3 2019 page 32

116 Q3 2020

LIST PRICE TO SALES PRICE RATIO 96% Q3 2019

97% Q3 2020

$918,311 Q3 2020

DUNE ALLEN DETACHED SINGLE FAMILY HOMES NUMBER OF SALES

SOLD VOLUME UP 143%

AVERAGE SALES PRICE

30 Q3 2019

$21,908,774 $53,289,109 Q3 2019 Q3 2020

$730,292 Q3 2019

65 Q3 2020

AVERAGE DAYS ON MARKET 76 Q3 2019

144 Q3 2020

$819,832 Q3 2020

LIST PRICE TO SALES PRICE RATIO 92% Q3 2019

98% Q3 2020 page 33

DESTIN DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 141 Q3 2019

188 Q3 2020

SOLD VOLUME UP 98% $84,035,833 $166,107,346 Q3 2019 Q3 2020

AVERAGE DAYS ON MARKET 93 Q3 2019 page 34

115 Q3 2020

AVERAGE SALES PRICE $595,998 Q3 2019

LIST PRICE TO SALES PRICE RATIO 96% Q3 2019

95% Q3 2020

$883,549 Q3 2020

CONDOMINIUMS NUMBER OF SALES 161 Q3 2019

256 Q3 2020

SOLD VOLUME UP 43% $74,433,596 $106,084,625 Q3 2019 Q3 2020

AVERAGE DAYS ON MARKET 93 Q3 2019

121 Q3 2020

AVERAGE SALES PRICE $462,320 Q3 2019

$414,393 Q3 2020

LIST PRICE TO SALES PRICE RATIO 96% Q3 2019

96% Q3 2020 page 35

MIRAMAR BEACH & SANDESTIN DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 96 Q3 2019

175 Q3 2020

SOLD VOLUME UP 112% $78,202,318 $165,786,269 Q3 2019 Q3 2020

AVERAGE DAYS ON MARKET 86 Q3 2019 page 36

70 Q3 2020

AVERAGE SALES PRICE $814,607 Q3 2019

LIST PRICE TO SALES PRICE RATIO 96% Q3 2019

97% Q3 2020

$947,350 Q3 2020

CONDOMINIUMS NUMBER OF SALES 187 Q3 2019

308 Q3 2020

SOLD VOLUME UP 137% $49,648,105 $117,651,467 Q3 2019 Q3 2020

AVERAGE DAYS ON MARKET 76 Q3 2019

81 Q3 2020

AVERAGE SALES PRICE $265,497 Q3 2019

$381,985 Q3 2020

LIST PRICE TO SALES PRICE RATIO 95% Q3 2019

97% Q3 2020 page 37

PANAMA CITY BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES

SOLD VOLUME UP 44%

AVERAGE SALES PRICE

75 Q3 2019

$43,073,911 $61,910,625 Q3 2019 Q3 2020

$574,318 Q3 2019

95 Q3 2020

AVERAGE DAYS ON MARKET 73 Q3 2019 page 38

88 Q3 2020

LIST PRICE TO SALES PRICE RATIO 94% Q3 2019

95% Q3 2020

$651,690 Q3 2020

CONDOMINIUMS NUMBER OF SALES

SOLD VOLUME UP 11%

AVERAGE SALES PRICE

164 Q3 2019

$46,455,200 $51,641,165 Q3 2019 Q3 2020

$283,263 Q3 2019

161 Q3 2020

AVERAGE DAYS ON MARKET 144 Q3 2019

92 Q3 2020

$320,752 Q3 2020

LIST PRICE TO SALES PRICE RATIO 98% Q3 2019

98% Q3 2020 page 39

OVERALL Q3 MARKET STATS DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 571 Q3 2019

1,051 Q3 2020

SOLD VOLUME UP 159% $497,975,780 $1,291,024,091 Q3 2019 Q3 2020

AVERAGE DAYS ON MARKET 102 Q3 2019 page 40

116 Q3 2020

AVERAGE SALES PRICE $872,112 Q3 2019

LIST PRICE TO SALES PRICE RATIO 95% Q3 2019

96% Q3 2020

$1,228,377 Q3 2020

OVERALL Q3 MARKET STATS CONDOS

NUMBER OF SALES 512 Q3 2019

725 Q3 2020

SOLD VOLUME UP 61% $170,536,901 $275,377,257 Q3 2019 Q3 2020

AVERAGE SALES PRICE $333,080 Q3 2019

$379,831 Q3 2020

AVERAGE DAYS ON MARKET 104 Q3 2019

98 Q3 2020

LIST PRICE TO SALES PRICE RATIO 96% Q3 2019

97% Q3 2020 page 41