Q4 2020 Market Report

Q4 2020 | MARKET REPORT

27 COMPASS ROSE WAY OFFERED AT $4,199,000

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TABLE OF CONTENTS

STATE OF THE MARKET SUMMARY

NOTABLE Q4 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

We saw tremendous growth in our market this year. The highes and was followed by another record-breaking $15.95M sale. A $19.9M, making it the highest priced home on the 30A market year over year with the price per square foot up 14 percent. Ev 49 percent increase in number of homes sold.

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st priced home ever on 30A sold during the first part of 2020 newly constructed gulf-front home is on the market at a cool currently. The average home price increased to 19 percent ven with property prices on the rise, the market still saw a

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NOTABLE Q4 SALES

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8580 E. COUNTY HWY 30A SOLD FOR $8,600,000 IN INLET BEACH

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178 POMPANO STREET SOLD FOR $3,862,000 IN INLET BEACH

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146 PARADISE BY THE SEA BLVD SOLD FOR $6,350,000 IN PARADISE BY THE SEA

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35 BLACKWATER STREET SOLD FOR $4,500,000 IN WATERCOLOR

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LUXURY LISTINGS

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3010 E. COUNTY HWY 30A OFFERED AT $19,900,000 IN SEAGROVE BEACH

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208 PARADISE BY THE SEA BLVD OFFERED AT $8,999,000 IN PARADISE BY THE SEA

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281 POMPANO STREET OFFERED AT $6,699,000 IN INLET BEACH

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136 PARADISE BY THE SEA BLVD OFFERED AT $6,499,000 IN PARADISE BY THE SEA

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Q4 2020 MARKET STATS

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INLET BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 198 Q4 2019

352 Q4 2020

AVERAGE PRICE PER SQ. FT. $406 Q4 2019

AVERAGE DAYS ON MARKET 98 Q4 2019

102 Q4 2020

$493 Q4 2020

AVERAGE SALES PRICE $1,020,230 Q4 2019

$1,545,104 Q4 2020

LIST PRICE TO SALES PRICE RATIO 96% Q4 2019

93% Q4 2020 page 23

ROSEMARY BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 29 Q4 2019

44 Q4 2020

AVERAGE PRICE PER SQ. FT. $772 Q4 2019

AVERAGE DAYS ON MARKET 186 Q4 2019 page 24

186 Q4 2020

$788 Q4 2020

AVERAGE SALES PRICE $2,076,897 Q4 2019

LIST PRICE TO SALES PRICE RATIO 93% Q4 2019

93% Q4 2020

$2,401,374 Q4 2020

ALYS BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 19 Q4 2019

57 Q4 2020

AVERAGE PRICE PER SQ. FT. $992 Q4 2019

AVERAGE DAYS ON MARKET 98 Q4 2019

70 Q4 2020

$1,162 Q4 2020

AVERAGE SALES PRICE $3,312,234 Q4 2019

$4,099,204 Q4 2020

LIST PRICE TO SALES PRICE RATIO 97% Q4 2019

98% Q4 2020 page 25

SEACREST DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 50 Q4 2019

63 Q4 2020

AVERAGE PRICE PER SQ. FT. $359 Q4 2019

AVERAGE DAYS ON MARKET 173 Q4 2019 page 26

104 Q4 2020

$445 Q4 2020

AVERAGE SALES PRICE $915,744 Q4 2019

LIST PRICE TO SALES PRICE RATIO 96% Q4 2019

97% Q4 2020

$1,100,828 Q4 2020

WATERSOUND DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 52 Q4 2019

70 Q4 2020

AVERAGE PRICE PER SQ. FT. $688 Q4 2019

AVERAGE DAYS ON MARKET 162 Q4 2019

143 Q4 2020

$739 Q4 2020

AVERAGE SALES PRICE $2,322,763 Q4 2019

$2,523,690 Q4 2020

LIST PRICE TO SALES PRICE RATIO 96% Q4 2019

95% Q4 2020 page 27

SEAGROVE DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 33 Q4 2019

183 Q4 2020

AVERAGE PRICE PER SQ. FT. $528 Q4 2019

AVERAGE DAYS ON MARKET 118 Q4 2019 page 28

122 Q4 2020

$537 Q4 2020

AVERAGE SALES PRICE $1,197,677 Q4 2019

LIST PRICE TO SALES PRICE RATIO 92% Q4 2019

95% Q4 2020

$1,628,988 Q4 2020

SEASIDE DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 24 Q4 2019

23 Q4 2020

AVERAGE PRICE PER SQ. FT. $1,102 Q4 2019

AVERAGE DAYS ON MARKET 112 Q4 2019

129 Q4 2020

$1,307 Q4 2020

AVERAGE SALES PRICE $2,369,250 Q4 2019

$2,317,115 Q4 2020

LIST PRICE TO SALES PRICE RATIO 94% Q4 2019

96% Q4 2020 page 29

WATERCOLOR DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 81 Q4 2019

141 Q4 2020

AVERAGE PRICE PER SQ. FT. $546 Q4 2019

AVERAGE DAYS ON MARKET 125 Q4 2019 page 30

99 Q4 2020

$643 Q4 2020

AVERAGE SALES PRICE $1,864,363 Q4 2019

LIST PRICE TO SALES PRICE RATIO 96% Q4 2019

96% Q4 2020

$2,113,782 Q4 2020

GRAYTON BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 30 Q4 2019

68 Q4 2020

AVERAGE PRICE PER SQ. FT. $490 Q4 2019

AVERAGE DAYS ON MARKET 161 Q4 2019

175 Q4 2020

$529 Q4 2020

AVERAGE SALES PRICE $1,289,562 Q4 2019

$1,575,405 Q4 2020

LIST PRICE TO SALES PRICE RATIO 93% Q4 2019

95% Q4 2020 page 31

BLUE MOUNTAIN BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 186 Q4 2019

264 Q4 2020

AVERAGE PRICE PER SQ. FT. $333 Q4 2019

AVERAGE DAYS ON MARKET 186 Q4 2019 page 32

94 Q4 2020

$382 Q4 2020

AVERAGE SALES PRICE $827,787 Q4 2019

LIST PRICE TO SALES PRICE RATIO 96% Q4 2019

97% Q4 2020

$993,351 Q4 2020

DUNE ALLEN DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 129 Q4 2019

198 Q4 2020

AVERAGE PRICE PER SQ. FT. $314 Q4 2019

AVERAGE DAYS ON MARKET 107 Q4 2019

124 Q4 2020

$362 Q4 2020

AVERAGE SALES PRICE $830,819 Q4 2019

$922,365 Q4 2020

LIST PRICE TO SALES PRICE RATIO 95% Q4 2019

97% Q4 2020 page 33

DESTIN DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 516 Q4 2019

575 Q4 2020

AVERAGE PRICE PER SQ. FT. $243 Q4 2019

AVERAGE DAYS ON MARKET 98 Q4 2019 page 34

99 Q4 2020

$279 Q4 2020

AVERAGE SALES PRICE $635,522 Q4 2019

LIST PRICE TO SALES PRICE RATIO 95% Q4 2019

95% Q4 2020

$824,163 Q4 2020

CONDOMINIUMS NUMBER OF SALES 592 Q4 2019

750 Q4 2020

AVERAGE PRICE PER SQ. FT. $311 Q4 2019

AVERAGE DAYS ON MARKET 96 Q4 2019

117 Q4 2020

$317 Q4 2020

AVERAGE SALES PRICE $435,926 Q4 2019

$446,387 Q4 2020

LIST PRICE TO SALES PRICE RATIO 95% Q4 2019

96% Q4 2020 page 35

MIRAMAR BEACH & SANDESTIN DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 3 Q4 2019

14 Q4 2020

AVERAGE PRICE PER SQ. FT. $227 Q4 2019

AVERAGE DAYS ON MARKET 135 Q4 2019 page 36

44 Q4 2020

$341 Q4 2020

AVERAGE SALES PRICE $491,108 Q4 2019

LIST PRICE TO SALES PRICE RATIO 97% Q4 2019

105% Q4 2020

$777,357 Q4 2020

CONDOMINIUMS NUMBER OF SALES 14 Q4 2019

11 Q4 2020

AVERAGE PRICE PER SQ. FT. $312 Q4 2019

AVERAGE DAYS ON MARKET 93 Q4 2019

64 Q4 2020

$343 Q4 2020

AVERAGE SALES PRICE $397,607 Q4 2019

$417,272 Q4 2020

LIST PRICE TO SALES PRICE RATIO 96% Q4 2019

97% Q4 2020 page 37

PANAMA CITY BEACH DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 246 Q4 2019

281 Q4 2020

AVERAGE PRICE PER SQ. FT. $235 Q4 2019

AVERAGE DAYS ON MARKET 76 Q4 2019 page 38

85 Q4 2020

$268 Q4 2020

AVERAGE SALES PRICE $499,626 Q4 2019

LIST PRICE TO SALES PRICE RATIO 95% Q4 2019

95% Q4 2020

$634,362 Q4 2020

CONDOMINIUMS NUMBER OF SALES 558 Q4 2019

598 Q4 2020

AVERAGE PRICE PER SQ. FT. $237 Q4 2019

AVERAGE DAYS ON MARKET 112 Q4 2019

100 Q4 2020

$262 Q4 2020

AVERAGE SALES PRICE $287,863 Q4 2019

$324,311 Q4 2020

LIST PRICE TO SALES PRICE RATIO 98% Q4 2019

98% Q4 2020 page 39

OVERALL Q4 MARKET STATS DETACHED SINGLE FAMILY HOMES NUMBER OF SALES 1,650 Q4 2019

2,455 Q4 2020

AVERAGE PRICE PER SQ. FT. $499 Q4 2019

AVERAGE DAYS ON MARKET 128 Q4 2019 page 40

110 Q4 2020

$568 Q4 2020

AVERAGE SALES PRICE $1,335,246 Q4 2019

LIST PRICE TO SALES PRICE RATIO 95% Q4 2019

96% Q4 2020

$1,586,677 Q4 2020

OVERALL Q4 MARKET STATS CONDOS

NUMBER OF SALES 1,164 Q4 2019

1,359 Q4 2020

AVERAGE PRICE PER SQ. FT. $287 Q4 2019

$307 Q4 2020

AVERAGE SALES PRICE $373,799 Q4 2019

$395,990 Q4 2020

AVERAGE DAYS ON MARKET 100 Q4 2019

94 Q4 2020

LIST PRICE TO SALES PRICE RATIO 96% Q4 2019

97% Q4 2020 page 41