The Q1 2025 Market Report

Q1 2025 MARKET REPORT

On The Cover 96 Camp Creek Point $22,500,000 | Camp Creek Point page 2

Table of Contents State of the Market Summary pages 4-5

30A Market Breakdown Inlet Beach | Rosemary Beach | Alys Beach Seacrest | Watersound Beach | Seagrove | Seaside WaterColor | Grayton Beach | Blue Mountain | Dune Allen

30A Gulf Front Market 30A Market Overall pages 6-21

Destin Market

Miramar Beach & Sandestin Market

Panama City Beach Market

pages 22-23

pages 24-25

pages 26-27

Market Overview Detached Single Family Homes

Market Overview Condominiums

page 28

page 29

Notable Sales

Luxury Listings

pages 30-37

pages 38-45 page 3

State of the Market The Q1 2025 real estate market data reveals a dynamic landscape with notable shifts across various beach communities. The Q1 2025 real estate market shows a slight 2 percent decline in total sales, but demand remains strong with an average sale price of $1,805,576. Inlet Beach saw a 56 percent surge in sales and a 4 percent price-persquare-foot increase, though homes are taking 50 percent longer to sell. Rosemary Beach sales rose 25 percent, with a 46 percent price jump, reinforcing its luxury appeal. Alys Beach sales dipped 13 percent, but prices per square foot remain high at $1,760. Seaside saw a 77 percent price surge to nearly $5M, while Panama City Beach sales dropped 23 percent, signaling a cooling trend. Miramar Beach/Sandestin sales rose 44 percent, but prices per square foot fell 8 percent. High-demand areas like Rosemary and Inlet Beach offer strong selling opportunities, while buyers may find deals in Alys Beach and Panama City Beach. The luxury market remains strong, but success hinges on pricing, timing, and expert negotiation.

As we enter the second quarter of the year, we are observing promising signs of renewed activity in what has been a relatively flat secondary real estate market.

While the past several months have shown a measured pace with limited movement, the past few weeks have indicated a shift, with increased interest from buyers and a notable uptick in transactions. Several factors may be contributing to this momentum. Seasonal trends often bring heightened activity in Q2 as buyers look to secure properties ahead of the summer months. Additionally, adjustments in interest rates and overall economic confidence may be encouraging more prospective buyers to enter the market.

Looking ahead, we anticipate that this increased activity could continue through Q2, potentially leading to moderate price appreciation and reduced days on market for well-positioned properties. However, inventory levels will play a crucial role in determining whether the market remains balanced or shifts toward a more competitive environment.For sellers, this could be an opportune time to list properties, as motivated buyers begin making purchasing decisions. For buyers, acting sooner rather than later may be wise, especially if demand continues to grow and competition intensifies.

Overall, while the market has remained stable for much of the past year, the recent surge in activity is a positive indicator. We will be closely monitoring trends throughout Q2 to see if this momentum builds into a sustained upward trajectory for the market.

page 4

page 5

Q1 2025

Market Recap

page 6

Inlet Beach

Detached Single Family Homes

Q1 2024

Q1 2025

NUMBER OF SALES

12

19

AVERAGE PRICE PER SQUARE FOOT

$584

$606

AVERAGE SALES PRICE

$1.8M+

$1.9M+

AVERAGE DAYS ON MARKET

111

166

SALES PRICE TO LIST PRICE RATIO

96%

96% page 7

Rosemary Beach

Detached Single Family Homes

page 8

Q1 2024

Q1 2025

NUMBER OF SALES

4

5

AVERAGE PRICE PER SQUARE FOOT

$1,382

$1,969

AVERAGE SALES PRICE

$3.9M+

$5.7M+

AVERAGE DAYS ON MARKET

158

77

SALES PRICE TO LIST PRICE RATIO

89%

97%

Alys Beach

Detached Single Family Homes

Q1 2024

Q1 2025

NUMBER OF SALES

8

7

AVERAGE PRICE PER SQUARE FOOT

$1,676

$1,760

AVERAGE SALES PRICE

$5.3M+

$5.3M+

AVERAGE DAYS ON MARKET

37

64

SALES PRICE TO LIST PRICE RATIO

102%

96% page 9

Seacrest

Detached Single Family Homes

page 10

Q1 2024

Q1 2025

NUMBER OF SALES

25

19

AVERAGE PRICE PER SQUARE FOOT

$866

$837

AVERAGE SALES PRICE

$2.5M+

$2.8M+

AVERAGE DAYS ON MARKET

73

109

SALES PRICE TO LIST PRICE RATIO

93%

94%

WaterSound Beach

Detached Single Family Homes

Q1 2024

Q1 2025

NUMBER OF SALES

2

6

AVERAGE PRICE PER SQUARE FOOT

$1,139

$1,131

AVERAGE SALES PRICE

$4.8M+

$3.8M+

AVERAGE DAYS ON MARKET

8

61

SALES PRICE TO LIST PRICE RATIO

98%

96% page 11

Seagrove Beach

Detached Single Family Homes

page 12

Q1 2024

Q1 2025

NUMBER OF SALES

20

23

AVERAGE PRICE PER SQUARE FOOT

$847

$720

AVERAGE SALES PRICE

$2.2M+

$2.3M+

AVERAGE DAYS ON MARKET

77

83

SALES PRICE TO LIST PRICE RATIO

94%

96%

Seaside

Detached Single Family Homes

Q1 2024

Q1 2025

NUMBER OF SALES

1

1

AVERAGE PRICE PER SQUARE FOOT

$3,571

$1,938

AVERAGE SALES PRICE

$2.8M+

$4.9M+

AVERAGE DAYS ON MARKET

0

43

SALES PRICE TO LIST PRICE RATIO

99%

99% page 13

WaterColor

Detached Single Family Homes

page 14

Q1 2024

Q1 2025

NUMBER OF SALES

12

15

AVERAGE PRICE PER SQUARE FOOT

$1,037

$1,060

AVERAGE SALES PRICE

$3.5M+

$3.3M+

AVERAGE DAYS ON MARKET

68

88

SALES PRICE TO LIST PRICE RATIO

96%

95%

Grayton Beach

Detached Single Family Homes

Q1 2024

Q1 2025

NUMBER OF SALES

3

3

AVERAGE PRICE PER SQUARE FOOT

$783

$801

AVERAGE SALES PRICE

$2.4M+

$2.5M+

AVERAGE DAYS ON MARKET

203

232

SALES PRICE TO LIST PRICE RATIO

96%

91% page 15

Blue Mountain Beach

Detached Single Family Homes

page 16

Q1 2024

Q1 2025

NUMBER OF SALES

30

33

AVERAGE PRICE PER SQUARE FOOT

$629

$541

AVERAGE SALES PRICE

$1.7M+

$1.4M+

AVERAGE DAYS ON MARKET

96

111

SALES PRICE TO LIST PRICE RATIO

95%

95%

Dune Allen

Detached Single Family Homes

Q1 2024

Q1 2025

NUMBER OF SALES

24

23

AVERAGE PRICE PER SQUARE FOOT

$540

$724

AVERAGE SALES PRICE

$1.5M+

$1.9M+

AVERAGE DAYS ON MARKET

109

108

SALES PRICE TO LIST PRICE RATIO

95%

92% page 17

30A Gulf Front

Detached Single Family Homes

page 18

Q1 2024

Q1 2025

NUMBER OF SALES

4

7

AVERAGE PRICE PER SQUARE FOOT

$2,398

$2,700

AVERAGE SALES PRICE

$6.5M+

$10.4M+

AVERAGE DAYS ON MARKET

178

110

SALES PRICE TO LIST PRICE RATIO

93%

96%

30A Gulf Front

Condominiums

Q1 2024

Q1 2025

NUMBER OF SALES

15

10

AVERAGE PRICE PER SQUARE FOOT

$1,308

$1,106

AVERAGE SALES PRICE

$2.3M+

$1.7M+

AVERAGE DAYS ON MARKET

68

132

SALES PRICE TO LIST PRICE RATIO

94%

94% page 19

30A Market Overall

Detached Single Family Homes

page 20

Q1 2024

Q1 2025

NUMBER OF SALES

188

203

AVERAGE PRICE PER SQUARE FOOT

$757

$770

AVERAGE SALES PRICE

$2.1M+

$2.3M+

AVERAGE DAYS ON MARKET

81

96

SALES PRICE TO LIST PRICE RATIO

96%

96%

30A Market Overall

Condominiums

Q1 2024

Q1 2025

NUMBER OF SALES

51

43

AVERAGE PRICE PER SQUARE FOOT

$996

$860

AVERAGE SALES PRICE

$1.4M+

$1.1M+

AVERAGE DAYS ON MARKET

80

99

SALES PRICE TO LIST PRICE RATIO

95%

97% page 21

Destin

Detached Single Family Homes

page 22

Q1 2024

Q1 2025

NUMBER OF SALES

73

76

AVERAGE PRICE PER SQUARE FOOT

$435

$432

AVERAGE SALES PRICE

$1.3M+

$1.2M+

AVERAGE DAYS ON MARKET

89

108

SALES PRICE TO LIST PRICE RATIO

95%

95%

Destin

Condominiums

Q1 2024

Q1 2025

NUMBER OF SALES

91

75

AVERAGE PRICE PER SQUARE FOOT

$503

$484

AVERAGE SALES PRICE

$706K+

$696K+

AVERAGE DAYS ON MARKET

96

115

SALES PRICE TO LIST PRICE RATIO

96%

95% page 23

Miramar Beach & Sandestin

Detached Single Family Homes

page 24

Q1 2024

Q1 2025

NUMBER OF SALES

41

59

AVERAGE PRICE PER SQUARE FOOT

$543

$499

AVERAGE SALES PRICE

$1.5M+

$1.3M+

AVERAGE DAYS ON MARKET

99

129

SALES PRICE TO LIST PRICE RATIO

94%

95%

Miramar Beach & Sandestin

Condominiums

Q1 2024

Q1 2025

NUMBER OF SALES

118

81

AVERAGE PRICE PER SQUARE FOOT

$461

$519

AVERAGE SALES PRICE

$533K+

$731K+

AVERAGE DAYS ON MARKET

93

121

SALES PRICE TO LIST PRICE RATIO

96%

96% page 25

Panama City Beach

Detached Single Family Homes

page 26

Q1 2024

Q1 2025

NUMBER OF SALES

213

165

AVERAGE PRICE PER SQUARE FOOT

$313

$312

AVERAGE SALES PRICE

$645K+

$596K+

AVERAGE DAYS ON MARKET

86

108

SALES PRICE TO LIST PRICE RATIO

96%

96%

Panama City Beach

Condominiums

Q1 2024

Q1 2025

NUMBER OF SALES

241

167

AVERAGE PRICE PER SQUARE FOOT

$409

$397

AVERAGE SALES PRICE

$463K+

$410K+

AVERAGE DAYS ON MARKET

80

132

SALES PRICE TO LIST PRICE RATIO

95%

95% page 27

Q1 Market Overview

Detached Single Family Homes

page 28

Q1 2024

Q1 2025

NUMBER OF SALES

515

503

AVERAGE PRICE PER SQUARE FOOT

$512

$503

AVERAGE SALES PRICE

$1.4M+

$1.4M+

AVERAGE DAYS ON MARKET

89

110

SALES PRICE TO LIST PRICE RATIO

95%

95%

Q1 Market Overview

Condominiums

Q1 2024

Q1 2025

NUMBER OF SALES

450

366

AVERAGE PRICE PER SQUARE FOOT

$458

$565

AVERAGE SALES PRICE

$568K+

$746K+

AVERAGE DAYS ON MARKET

90

117

SALES PRICE TO LIST PRICE RATIO

96%

96% page 29

Notable Sales

366 W Park Place Avenue Sold for $5,600,000 | Shoreline Estates at Inlet Beach page 30

page 31

208 Sand Oaks Circle Sold for $2,900,000 | Seanest Village page 32

page 33

33 Atticus Road Sold for $2,650,000 | Rosemary Beach page 34

page 35

122 Sand Dunes Road Sold for $2,625,000 | Blue Mountain Beach page 36

page 37

Luxury Listings 27 Admiralty Row 302 $4,395,000 | Alys Beach

page 38

Experience luxury living in the prestigious Della building at Alys Beach. This stunning 1,690 sq. ft. third-floor condo offers breathtaking views of the amphitheater and Gulf, with an expansive 600 sq. ft. balcony perfect for soaking in the scenery.

Thoughtfully upgraded with over $100,000 in premium finishes, including Venetian plaster, reclaimed Spanish marble, and European Oak flooring, this residence exudes elegance. Featuring top-tier Wolf and Subzero appliances, spa-like marble bathrooms, and electronic shades, every detail enhances comfort and style.

Fully furnished in a refined South Florida motif, this one-of-a-kind retreat is just steps from the Beach Club and Caliza pool—your perfect coastal escape awaits!

page 39

40 Whispering Wind Way $11,990,000 | Bannerman Beach Estates page 40

Presenting 40 Whispering Wind Way, a custom-designed retreat in the exclusive gated enclave of Bannerman Beach.

This 6,347 sq. ft. estate offers 6 bedrooms, 6.5 baths, a private pickleball court, a heated pool, and breathtaking Gulf views from the third-floor tower. Nestled on 3.4 acres with private deeded beach access, it ensures unmatched privacy and exclusivity along 30A. With reclaimed wood beams, artisan brickwork, and dual primary suites, this home blends luxury with tranquility, just moments from Grayton Beach and Seaside.

page 41

24 E-scape Drive $7,990,000 | Escape at Inlet Beach

page 42

This luxurious Gulf-front home in the exclusive, gated Escape community at Inlet Beach offers timeless elegance and modern comfort.

Designed by A Boheme Design and built by EarthBuild, it features fortified construction, energy efficiency, and breathtaking Gulf views from all three levels. Highlights include a gourmet kitchen with top-tier appliances, multiple expansive porches, a private beach walkover, and a stunning master suite with a private balcony.

Residents enjoy shared access to a rooftop pool, summer kitchen, and gathering spaces, making this the ultimate coastal retreat.

page 43

638 N Walton Lakeshore Drive $4,295,000 | Lake Shore Estates in Inlet Beach page 44

Coastal Luxury Meets Waterfront Living in Inlet Beach!

This stunning home offers private lakefront access with a boat dock and is just steps from the Gulf's sugar-white sands. Enjoy an open-concept design, a gourmet kitchen, screened-in porches, a sprawling deck, and a sparkling pool—all in a lush, private setting.

Plus, the seller will cover Watersound’s $75,000 initiation fee or offer a design credit at closing—an incredible opportunity to customize your dream retreat!

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