Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

July 17, 2020

Destin | Real Estate Market Forecast | July, 2020

Destin Florida Real Estate Market Forecast

Destin Florida Real Estate Forecast - July

We are in the heart of the high summer rental season here at the beach and I'm happy to report that we've had big crowds so far this summer! This is great news for owners, vendors and businesses here at the beach.

Here's the thing though - we are in strange times. I say this because with everything going on: Covid, the economy, millions of people unemployed, the election in November, the fact that we are seven years into a market that typically corrects every six and so on - we would expect inventory of property listed for sale to climb and prices to drop.  But that hasn't happened... yet.  Right now we are still getting very good prices for our sellers.  

What should you do? 

How long the high prices hold remains to be seen so we are recommending to our clients: 

1. If you are a long term hold - owning the property at least five years - price fluctuations won't have much of an impact on you.   

2.  If you are considering selling this year or in the next few years - sell now while we know prices are high. Protect the equity you have built up through this bull market. 

3. If you are planning on buying and find a great property at a price that makes sense for you - buy it.  Interest rates are low and you never know if a better property or deal will come up again.  If you don't find a great property and can be patient, you will likely be rewarded with more inventory and lower prices at some point in the near future. 

Either way, our job is to help you maximize your position as an owner, buyer or seller based on your financial goals and the current market conditions, so take a look at the information and if you decide selling or buying is the right course of action for you - please let me know and we can talk about how you can capture the best price possible. 

Always Know: Our goal (whether you are buying or selling) is to get you the best deal possible so call us today at 850-654-3325 and let's talk about how you can get a max deal here at the beach.  

 

---///---
Words from a recent seller  - “The whole selling process was flawless from listing to closing. There were no surprises, timing was excellent and all the documents were complete and accurate. Excellent Job! Thank You”   G Hoffman

---///---

Curious what your property is worth today?  Click here for an instant valuation

---///--- 

I hope this information is helpful and please let me know if you have specific questions regarding the market or your property.  If you know anyone else that could benefit from this  information please  pass it on to them.    

-John Moran:  Team Leader for Keller Williams Realty's At The Beach Team. 

Posted in Market Updates
March 18, 2020

Panama City Beach | Gulf Front Lot Sales | February, 2020

The chart below shows the sales statistics for the previous calendar month for Gulf Front Lots in Panama City Beach.   

If you want information on other areas or specific neighborhoods or buildings simply click this link (Custom Market Report) or call John Moran at 850-217-7618 and we will be happy to get it for you.

Total

Total List Volume

Median List Price

Average List Price

DOM

CDOM

Total Sold Volume

Median Sold Price

Average Sold Price

SP/LP

SP/OLP

 

Sold

0

$0

$0

$0

0

0

$0

$0

$0

0.00

0.00

List/Sold

0

$0

$0

$0

0

0

$0

$0

$0

0.00

0.00

Co-Broker

0

$0

$0

$0

0

0

$0

$0

$0

0.00

0.00

New

0

$0

$0

$0

0

0

 

 

 

 

 

Pending

0

$0

$0

$0

0

0

 

 

 

 

 

Withdrawn

0

$0

$0

$0

0

0

 

 

 

 

 

Cancelled

0

$0

$0

$0

0

0

 

 

 

 

 

Expired

1

$1,400,000

$1,400,000

$1,400,000

350

349

 

 

 

 

 

Back On Market

1

$1,400,000

$1,400,000

$1,400,000

215

214

 

 

 

 

 

Extended

0

$0

$0

$0

0

0

 

 

 

 

 

Active In Range

3

$6,349,000

$1,400,000

$2,116,333

343

342

 

 

 

 

 

Current Active

3

$6,349,000

$1,400,000

$2,116,333

343

342

 

 

 

 

 

Information is deemed to be reliable, but is not guaranteed. See copyright notice.

March 18, 2020

Panama City Beach | Gulf Front Home Sales | February, 2020

The chart below shows the sales statistics for the previous calendar month for Gulf Front Homes in Panama City Beach.   

If you want information on other areas or specific neighborhoods or buildings simply click this link (Custom Market Report) or call John Moran at 850-217-7618 and we will be happy to get it for you.

 

Total

Total List Volume

Median List Price

Average List Price

DOM

CDOM

Total Sold Volume

Median Sold Price

Average Sold Price

SP/LP

SP/OLP

 

Sold

1

$1,495,000

$1,495,000

$1,495,000

7

0

$1,375,000

$1,375,000

$1,375,000

91.97

91.97

List/Sold

1

$1,495,000

$1,495,000

$1,495,000

7

0

$1,375,000

$1,375,000

$1,375,000

91.97

91.97

Co-Broker

0

$0

$0

$0

0

0

$0

$0

$0

0.00

0.00

New

1

$985,000

$985,000

$985,000

5

6

 

 

 

 

 

Pending

1

$985,000

$985,000

$985,000

5

6

 

 

 

 

 

Withdrawn

0

$0

$0

$0

0

0

 

 

 

 

 

Cancelled

0

$0

$0

$0

0

0

 

 

 

 

 

Expired

0

$0

$0

$0

0

0

 

 

 

 

 

Back On Market

1

$2,495,000

$2,495,000

$2,495,000

126

124

 

 

 

 

 

Extended

0

$0

$0

$0

0

0

 

 

 

 

 

Active In Range

10

$21,503,000

$2,095,000

$2,150,300

264

259

 

 

 

 

 

Current Active

9

$20,518,000

$2,495,000

$2,279,777

294

287

 

 

 

 

 

Information is deemed to be reliable, but is not guaranteed. See copyright notice.

March 18, 2020

Panama City Beach | Condo Sales | February, 2020

The chart below shows the sales statistics for the previous calendar month for Condos in Panama City Beach.   

If you want information on other areas or specific neighborhoods or buildings simply click this link (Custom Market Report) or call John Moran at 850-217-7618 and we will be happy to get it for you.

 

Total

Total List Volume

Median List Price

Average List Price

DOM

CDOM

Total Sold Volume

Median Sold Price

Average Sold Price

SP/LP

SP/OLP

 

Sold

115

$33,359,947

$275,000

$290,086

97

95

$32,419,927

$271,000

$281,912

97.18

96.15

List/Sold

23

$6,773,685

$275,000

$294,508

48

28

$6,637,750

$275,000

$288,597

97.99

98.85

Co-Broker

92

$26,586,262

$274,750

$288,981

110

112

$25,782,177

$270,500

$280,241

96.98

95.49

New

180

$55,516,337

$277,000

$308,424

21

40

 

 

 

 

 

Pending

156

$45,284,272

$271,425

$290,283

98

98

 

 

 

 

 

Withdrawn

22

$9,323,676

$295,000

$423,803

71

101

 

 

 

 

 

Cancelled

25

$7,126,326

$249,000

$285,053

155

160

 

 

 

 

 

Expired

22

$6,622,099

$261,000

$301,004

261

285

 

 

 

 

 

Back On Market

48

$13,817,282

$249,000

$287,860

155

161

 

 

 

 

 

Extended

41

$14,494,749

$327,500

$353,530

196

199

 

 

 

 

 

Active In Range

864

$303,212,507

$319,950

$350,940

155

176

 

 

 

 

 

Current Active

598

$223,025,809

$348,700

$372,952

205

237

 

 

 

 

 

Information is deemed to be reliable, but is not guaranteed. See copyright notice.

March 18, 2020

Navarre Beach | Condo Sales | February, 2020

The chart below shows the sales statistics for the previous calendar month for Condos on Navarre Island.   

If you want information on other areas or specific neighborhoods or buildings simply click this link (Custom Market Report) or call John Moran at 850-217-7618 and we will be happy to get it for you.

 

Total

Total List Volume

Median List Price

Average List Price

DOM

CDOM

Total Sold Volume

Median Sold Price

Average Sold Price

SP/LP

SP/OLP

 

Sold

4

$2,116,900

$584,000

$529,225

143

377

$2,034,900

$557,500

$508,725

96.13

93.22

List/Sold

1

$209,900

$209,900

$209,900

22

22

$209,900

$209,900

$209,900

100.00

100.00

Co-Broker

3

$1,907,000

$599,000

$635,666

184

496

$1,825,000

$590,000

$608,333

95.70

92.50

New

5

$3,118,900

$620,000

$623,780

28

40

 

 

 

 

 

Pending

9

$4,176,900

$469,000

$464,100

72

79

 

 

 

 

 

Withdrawn

0

$0

$0

$0

0

0

 

 

 

 

 

Cancelled

2

$1,165,000

$582,500

$582,500

264

264

 

 

 

 

 

Expired

0

$0

$0

$0

0

0

 

 

 

 

 

Back On Market

1

$715,500

$715,500

$715,500

1,095

1,095

 

 

 

 

 

Extended

4

$2,687,900

$669,950

$671,975

265

265

 

 

 

 

 

Active In Range

42

$24,823,100

$622,500

$591,026

142

145

 

 

 

 

 

Current Active

27

$16,933,700

$620,000

$627,174

182

187

 

 

 

 

 

Information is deemed to be reliable, but is not guaranteed. See copyright notice.

March 18, 2020

Navarre Beach | Gulf Front Home Sales | February, 2020

The chart below shows the sales statistics for the previous calendar month for Gulf Front Homes on Navarre Island.   

If you want information on other areas or specific neighborhoods or buildings simply click this link (Custom Market Report) or call John Moran at 850-217-7618 and we will be happy to get it for you.  

 

Total

Total List Volume

Median List Price

Average List Price

DOM

CDOM

Total Sold Volume

Median Sold Price

Average Sold Price

SP/LP

SP/OLP

 

Sold

1

$1,250,000

$1,250,000

$1,250,000

71

71

$1,135,000

$1,135,000

$1,135,000

90.80

90.80

List/Sold

0

$0

$0

$0

0

0

$0

$0

$0

0.00

0.00

Co-Broker

1

$1,250,000

$1,250,000

$1,250,000

71

71

$1,135,000

$1,135,000

$1,135,000

90.80

90.80

New

1

$234,900

$234,900

$234,900

1

1

 

 

 

 

 

Pending

3

$2,000,000

$710,000

$666,666

37

37

 

 

 

 

 

Withdrawn

0

$0

$0

$0

0

0

 

 

 

 

 

Cancelled

2

$1,229,900

$614,950

$614,950

136

136

 

 

 

 

 

Expired

0

$0

$0

$0

0

0

 

 

 

 

 

Back On Market

1

$685,000

$685,000

$685,000

277

277

 

 

 

 

 

Extended

2

$1,318,000

$659,000

$659,000

442

442

 

 

 

 

 

Active In Range

19

$16,859,800

$685,000

$887,357

275

286

 

 

 

 

 

Current Active

12

$12,495,000

$852,500

$1,041,250

427

445

 

 

 

 

 


Information is deemed to be reliable, but is not guaranteed. See copyright notice.

March 18, 2020

30A | Condo Sales | February, 2020

The chart below shows the sales statistics for the previous calendar month for condos in the 30A / South Walton County Area (including: Blue Mt. Beach, Grayton Beach, Seaside, Santa Rosa Beach, Seagrove Beach, Watercolor, Watersound, Alys Beach Seacrest Beach, Rosemary Beach and Inlet Beach).   

If you want information on other areas or specific neighborhoods simply click this link (Custom Market Report) or call me at 850-217-7618 and we will be happy to get it for you.  

 

Total

Total List Volume

Median List Price

Average List Price

DOM

CDOM

Total Sold Volume

Median Sold Price

Average Sold Price

SP/LP

SP/OLP

 

Sold

24

$17,548,298

$547,499

$731,179

130

149

$16,677,400

$518,500

$694,891

95.04

93.59

List/Sold

6

$3,658,899

$577,499

$609,816

110

122

$3,435,000

$557,500

$572,500

93.88

93.65

Co-Broker

18

$13,889,399

$547,499

$771,633

137

158

$13,242,400

$518,500

$735,688

95.34

93.57

New

54

$40,681,574

$620,000

$753,362

26

50

 

 

 

 

 

Pending

38

$29,876,375

$639,500

$786,220

97

143

 

 

 

 

 

Withdrawn

3

$2,593,500

$649,000

$864,500

417

417

 

 

 

 

 

Cancelled

4

$2,709,999

$520,750

$677,499

141

195

 

 

 

 

 

Expired

6

$2,530,000

$374,000

$421,666

328

328

 

 

 

 

 

Back On Market

8

$4,624,000

$457,000

$578,000

277

360

 

 

 

 

 

Extended

8

$7,497,900

$807,500

$937,237

350

372

 

 

 

 

 

Active In Range

242

$219,279,386

$692,000

$906,113

153

184

 

 

 

 

 

Current Active

180

$170,485,602

$725,000

$947,142

187

229

 

 

 

 

 


Information is deemed to be reliable, but is not guaranteed. See copyright notice.

March 18, 2020

30A | Home Sales | February, 2020

The chart below shows the sales statistics for the previous calendar month for single family homes in the 30A / South Walton County Area (including: Blue Mt. Beach, Grayton Beach, Seaside, Santa Rosa Beach, Seagrove Beach, Watercolor, Watersound, Alys Beach Seacrest Beach, Rosemary Beach and Inlet Beach).   

If you want information on other areas or specific neighborhoods simply click this link (Custom Market Report) or call me at 850-217-7618 and we will be happy to get it for you.  

 

Total

Total List Volume

Median List Price

Average List Price

DOM

CDOM

Total Sold Volume

Median Sold Price

Average Sold Price

SP/LP

SP/OLP

 

Sold

78

$93,801,689

$871,156

$1,202,585

126

154

$89,597,024

$844,500

$1,148,679

95.52

92.69

List/Sold

10

$11,371,128

$710,356

$1,137,112

41

79

$11,050,538

$699,799

$1,105,053

97.18

97.18

Co-Broker

68

$82,430,561

$919,450

$1,212,214

139

165

$78,546,486

$885,337

$1,155,095

95.29

92.09

New

150

$209,986,820

$874,000

$1,399,912

22

70

 

 

 

 

 

Pending

125

$155,265,820

$808,825

$1,242,126

144

163

 

 

 

 

 

Withdrawn

23

$24,799,139

$749,900

$1,078,223

111

127

 

 

 

 

 

Cancelled

25

$43,693,378

$1,350,000

$1,747,735

282

305

 

 

 

 

 

Expired

31

$54,548,717

$1,349,000

$1,759,636

596

640

 

 

 

 

 

Back On Market

31

$52,714,598

$1,150,000

$1,700,470

220

273

 

 

 

 

 

Extended

56

$113,713,209

$1,089,500

$2,030,593

315

332

 

 

 

 

 

Active In Range

829

$1,443,157,465

$1,075,000

$1,740,841

160

195

 

 

 

 

 

Current Active

575

$1,095,185,443

$1,187,000

$1,904,670

200

244

 

 

 

 

 

Information is deemed to be reliable, but is not guaranteed. See copyright notice.

March 18, 2020

Destin | Home Sales | February, 2020

The chart below shows the sales statistics for the previous calendar month for single family homes in the Destin Area (including: Destin, Miramar Beach and Sandestin).   

If you want information on other areas or specific neighborhoods simply click this link (Custom Market Report) or call me at 850-217-7618 and we will be happy to get it for you.  

 

Total

Total List Volume

Median List Price

Average List Price

DOM

CDOM

Total Sold Volume

Median Sold Price

Average Sold Price

SP/LP

SP/OLP

 

Sold

62

$43,379,802

$592,451

$699,674

140

162

$41,268,744

$567,500

$665,624

95.13

90.69

List/Sold

10

$8,276,650

$638,975

$827,665

81

81

$7,945,000

$603,250

$794,500

95.99

92.56

Co-Broker

52

$35,103,152

$579,450

$675,060

151

177

$33,323,744

$554,500

$640,841

94.93

90.26

New

93

$86,743,176

$635,000

$932,722

22

72

 

 

 

 

 

Pending

74

$49,050,976

$583,500

$662,851

117

152

 

 

 

 

 

Withdrawn

9

$8,267,300

$709,900

$918,588

94

126

 

 

 

 

 

Cancelled

15

$17,483,600

$914,900

$1,165,573

204

255

 

 

 

 

 

Expired

19

$18,943,400

$765,000

$997,021

249

264

 

 

 

 

 

Back On Market

17

$14,891,600

$599,900

$875,976

142

184

 

 

 

 

 

Extended

30

$42,949,299

$1,122,500

$1,431,643

327

386

 

 

 

 

 

Active In Range

470

$536,228,723

$825,000

$1,140,912

154

198

 

 

 

 

 

Current Active

326

$425,504,298

$987,450

$1,305,227

199

257

 

 

 

 

 


Information is deemed to be reliable, but is not guaranteed. See copyright notice.

March 18, 2020

Destin | Condo Sales | February, 2020

The chart below shows the sales statistics for the previous calendar month for condos in the Destin Area (including: Fort Walton Beach, Destin, Miramar Beach and Sandestin).   If you want information on other areas or specific buildings simply call me at 850-217-7618 and we will be happy to get it for you.  

 

Market Summary

Total

Total List Volume

Median List Price

Average List Price

DOM

CDOM

Total Sold Volume

Median Sold Price

Average Sold Price

SP/LP

SP/OLP

 

Sold

99

$38,958,228

$299,000

$393,517

98

117

$37,357,199

$294,500

$377,345

95.89

94.83

List/Sold

18

$7,324,195

$302,447

$406,899

71

94

$7,047,400

$287,200

$391,522

96.22

95.35

Co-Broker

81

$31,634,033

$299,000

$390,543

104

122

$30,309,799

$295,000

$374,195

95.81

94.71

New

154

$68,709,809

$364,500

$446,167

22

47

 

 

 

 

 

Pending

137

$49,573,544

$299,000

$361,850

93

112

 

 

 

 

 

Withdrawn

16

$6,971,300

$389,500

$435,706

202

214

 

 

 

 

 

Cancelled

21

$9,710,545

$369,000

$462,406

235

280

 

 

 

 

 

Expired

42

$17,752,489

$333,900

$422,678

717

746

 

 

 

 

 

Back On Market

42

$24,020,549

$351,450

$571,917

173

176

 

 

 

 

 

Extended

69

$33,291,488

$387,000

$482,485

325

364

 

 

 

 

 

Active In Range

848

$424,122,926

$399,000

$500,144

187

218

 

 

 

 

 

Current Active

588

$320,038,138

$439,950

$544,282

230

267

 

 

 

 

 


Information is deemed to be reliable, but is not guaranteed. See copyright notice.