There is a lot of things that go into owning, buying and selling real estate at the beach.  This blog is intended to help you in all aspects 

Oct. 21, 2020

October Market Update

It's incredible what we are seeing right now in the real estate market here at the beach - Inventory is evaporating: Let's take a look at the numbers:

Condos for sale in Ft. Walton / Destin / Sandestin dropped more than 10% in September  compared to August.

Houses for sale in Destin / Sandestin were down - 10%.

30A homes for sale got even tighter dropping a whopping 20%. 

30A Condos for sale held steady, but they were pretty lean to start with. 

Panama City Beach condos for sale saw a 5% drop.  

Panama City Beach homes for sale didn't fall as much as 30A but was down almost 15%.

As I said, it's amazing what is happening to the inventory - across the board.  

What to do?
Our role is to help you maximize your position as a seller or a buyer based on the current market conditions and your goals for owning real estate at the beach.  With this in mind, we recommend the following:

Short Time: if you are planning on owning only for a short time – perhaps selling this year or in the next couple of years – you should strongly consider protecting the equity you have built up and sell now while we know the market is hot. 

Long Haul:  If you are in it for the long haul – markets come and go so we recommend that you stay the course.  Perhaps look at maximizing your rental income by updating or upgrading your property.  Otherwise, settle in and enjoy your investment.

Buying: If you are considering buying a place – go for it.  Interest rates are low, and it looks like demand is likely to stay high for a while so prices will likely continue to go up.  Again, if you are planning on owning for longer than 5 -7 years you are sitting good and will likely be able to capture a very, good sales price in the future.

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. 

Posted in Market Updates
Oct. 21, 2020

Navarre Beach | Home Sales Statistics | Sept., 2020

The chart below shows the market activity for Navarre Beach Home Sales during the last calendar month.  If you would like more information on a specific neighborhood please call or text John Moran at 850-217-7618 or send an email to JohnMoran@AtTheBeachTeam.com and I will be happy to get it for you.

Note: Introducing our new website: Try out these new links.

We are very excited about launching it and are confident it will be a terrific tool 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

2

$1,498,900

$749,450

$749,450

21

21

$1,495,000

$747,500

$747,500

99.74

99.74

List/Sold

0

$0

$0

$0

0

0

$0

$0

$0

0.00

0.00

Co-Broker

2

$1,498,900

$749,450

$749,450

21

21

$1,495,000

$747,500

$747,500

99.74

99.74

New

1

$899,900

$899,900

$899,900

48

48

 

 

 

 

 

Pending

4

$3,146,900

$774,450

$786,725

189

233

 

 

 

 

 

Withdrawn

1

$1,199,000

$1,199,000

$1,199,000

3,154

3,368

 

 

 

 

 

Cancelled

2

$1,838,900

$919,450

$919,450

62

62

 

 

 

 

 

Expired

1

$599,000

$599,000

$599,000

243

243

 

 

 

 

 

Back On Market

1

$599,000

$599,000

$599,000

184

184

 

 

 

 

 

Extended

4

$4,797,900

$1,099,450

$1,199,475

205

251

 

 

 

 

 

Active In Range

21

$24,496,300

$999,000

$1,166,490

109

110

 

 

 

 

 

Current Active

13

$17,711,600

$1,149,000

$1,362,430

171

172

 

 

 

 

 


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

Oct. 21, 2020

Navarre Beach | Condo Sales Statistics | Sept., 2020

The chart below shows the market activity for Destin Area Condo Sales during the last calendar month.  The Destin Area includes: Fort Walton Beach, Destin, Miramar Beach and Sandestin Resort.  If you would like more information on a specific neighborhood please call or text John Moran at 850-217-7618 or send an email to JohnMoran@AtTheBeachTeam.com and I will be happy to get it for you.

Note: Introducing our new website – Try out these new links:

We are very excited about launching it and are confident it will be a terrific tool 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

8

$3,940,000

$564,500

$492,500

119

124

$3,842,500

$554,500

$480,312

97.53

96.99

List/Sold

3

$1,362,000

$500,000

$454,000

48

48

$1,362,000

$500,000

$454,000

100.00

99.85

Co-Broker

5

$2,578,000

$629,000

$515,600

163

170

$2,480,500

$609,000

$496,100

96.22

95.48

New

12

$6,609,300

$625,000

$550,775

27

30

 

 

 

 

 

Pending

6

$2,824,400

$439,750

$470,733

11

11

 

 

 

 

 

Withdrawn

0

$0

$0

$0

0

0

 

 

 

 

 

Cancelled

1

$715,500

$715,500

$715,500

1,290

1,290

 

 

 

 

 

Expired

0

$0

$0

$0

0

0

 

 

 

 

 

Back On Market

1

$698,000

$698,000

$698,000

430

430

 

 

 

 

 

Extended

1

$650,000

$650,000

$650,000

222

474

 

 

 

 

 

Active In Range

29

$17,940,700

$650,000

$618,644

163

173

 

 

 

 

 

Current Active

19

$12,930,900

$650,000

$680,573

243

258

 

 

 

 

 


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

Oct. 21, 2020

Destin | Condo Sales | Sept., 2020

The chart below shows the market activity for Destin Area Condo Sales during the last calendar month.  The Destin Area includes: Fort Walton Beach, Destin, Miramar Beach and Sandestin Resort.  If you would like more information on a specific neighborhood please call or text John Moran at 850-217-7618 or send an email to JohnMoran@AtTheBeachTeam.com and I will be happy to get it for you.

Note: Introducing our new website – Try out these links

We are very excited about launching it and are confident it will be a terrific tool 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

212

$88,865,947

$356,750

$419,178

109

129

$85,921,480

$347,350

$405,290

96.69

95.09

List/Sold

38

$12,594,500

$297,500

$331,434

76

86

$11,992,840

$295,000

$315,601

95.22

92.58

Co-Broker

174

$76,271,447

$371,250

$438,341

116

139

$73,928,640

$362,500

$424,877

96.93

95.50

New

183

$79,739,098

$377,500

$435,732

21

35

 

 

 

 

 

Pending

186

$88,103,943

$395,250

$473,677

95

147

 

 

 

 

 

Withdrawn

27

$15,878,400

$379,000

$588,088

186

186

 

 

 

 

 

Cancelled

21

$9,659,800

$379,000

$459,990

147

158

 

 

 

 

 

Expired

31

$14,773,299

$455,000

$476,558

324

381

 

 

 

 

 

Back On Market

61

$23,535,600

$347,000

$385,829

207

222

 

 

 

 

 

Extended

53

$22,198,849

$315,000

$418,846

281

325

 

 

 

 

 

Active In Range

886

$503,256,074

$436,250

$568,009

150

178

 

 

 

 

 

Current Active

515

$329,116,948

$459,900

$639,062

217

256

 

 

 

 

 


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

Oct. 21, 2020

Destin Home Sales Statistics Sept., 2020

The chart below shows the market activity for Destin Area Home Sales during the last calendar month.  The Destin Area includes: Destin, Miramar Beach and Sandestin Resort.  If you would like more information on a specific neighborhood please call or text John Moran at 850-217-7618 or send an email to JohnMoran@AtTheBeachTeam.com and I will be happy to get it for you.

Note: Introducing our new website – Try these links out 

We are very excited about launching it and are confident it will be a terrific tool 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

116

$101,121,156

$627,500

$871,734

91

133

$97,116,527

$622,450

$837,211

96.04

93.90

List/Sold

21

$20,390,910

$925,000

$970,995

92

103

$19,588,953

$900,000

$932,807

96.07

91.34

Co-Broker

95

$80,730,246

$624,900

$849,792

90

144

$77,527,574

$600,000

$816,079

96.03

94.57

New

97

$102,890,013

$825,000

$1,060,721

18

30

 

 

 

 

 

Pending

123

$110,840,148

$664,300

$901,139

90

141

 

 

 

 

 

Withdrawn

10

$9,864,299

$639,950

$986,429

89

89

 

 

 

 

 

Cancelled

12

$16,080,800

$511,950

$1,340,066

124

135

 

 

 

 

 

Expired

5

$8,314,400

$810,000

$1,662,880

364

364

 

 

 

 

 

Back On Market

37

$38,338,386

$835,000

$1,036,172

196

260

 

 

 

 

 

Extended

33

$47,944,949

$929,900

$1,452,877

285

325

 

 

 

 

 

Active In Range

391

$480,012,059

$948,900

$1,227,652

101

132

 

 

 

 

 

Current Active

198

$274,342,962

$1,109,000

$1,385,570

158

207

 

 

 

 

 


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

Oct. 21, 2020

30A - Condo Sales - Sept., 2020

The chart below shows the market activity for 30A / South Walton County Area Condo Sales during the last calendar month.  The  Area includes: Blue Mt. Beach, Grayton Beach, Santa Rosa Beach, Seagrove Beach, Seacrest Beach, Rosemary Beach and Inlet Beach.If you would like more information on a specific neighborhood please call or text John Moran at 850-217-7618 or send an email to JohnMoran@AtTheBeachTeam.com and I will be happy to get it for you.

Note: Introducing our new website – Try out these links.

We are very excited about launching it and are confident it will be a terrific tool 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

48

$38,515,799

$558,500

$802,412

136

150

$37,162,800

$550,000

$774,225

96.49

93.89

List/Sold

10

$7,408,516

$632,000

$740,851

148

148

$7,239,116

$622,500

$723,911

97.71

89.84

Co-Broker

38

$31,107,283

$510,000

$818,612

133

150

$29,923,684

$486,000

$787,465

96.20

94.93

New

51

$41,414,414

$599,000

$812,047

20

97

 

 

 

 

 

Pending

58

$46,313,083

$627,400

$798,501

93

143

 

 

 

 

 

Withdrawn

1

$225,000

$225,000

$225,000

0

0

 

 

 

 

 

Cancelled

4

$3,704,900

$785,000

$926,225

187

233

 

 

 

 

 

Expired

4

$4,638,000

$1,136,500

$1,159,500

192

368

 

 

 

 

 

Back On Market

17

$12,658,400

$525,000

$744,611

157

229

 

 

 

 

 

Extended

13

$9,257,800

$734,500

$712,138

206

216

 

 

 

 

 

Active In Range

185

$171,170,442

$675,000

$925,245

113

146

 

 

 

 

 

Current Active

92

$98,356,359

$781,950

$1,069,090

189

238

 

 

 

 

 


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

Oct. 21, 2020

30A - Home Sales - Sept., 2020

The chart below shows the market activity for 30A / South Walton County Area Home Sales during the last calendar month.  The  Area includes: Blue Mt. Beach, Grayton Beach, Santa Rosa Beach, Seagrove Beach, Seacrest Beach, Rosemary Beach and Inlet Beach.  If you would like more information on a specific neighborhood please call or text John Moran at 850-217-7618 or send an email to JohnMoran@AtTheBeachTeam.com and I will be happy to get it for you.

Note: Introducing our new website – Try out these links:

We are very excited about launching it and are confident it will be a terrific tool 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

208

$335,637,714

$1,012,000

$1,613,642

128

170

$320,139,775

$977,500

$1,539,133

95.38

94.13

List/Sold

43

$102,069,500

$1,250,000

$2,373,709

86

119

$95,972,292

$1,230,000

$2,231,913

94.03

92.77

Co-Broker

165

$233,568,214

$965,646

$1,415,564

138

183

$224,167,483

$925,000

$1,358,590

95.98

94.72

New

140

$203,742,610

$935,000

$1,455,304

14

29

 

 

 

 

 

Pending

183

$266,962,875

$990,000

$1,458,813

75

85

 

 

 

 

 

Withdrawn

20

$34,661,899

$1,212,250

$1,733,094

89

101

 

 

 

 

 

Cancelled

33

$45,660,260

$814,836

$1,383,644

202

239

 

 

 

 

 

Expired

19

$39,622,751

$1,695,000

$2,085,407

321

383

 

 

 

 

 

Back On Market

62

$92,585,206

$932,000

$1,493,309

128

148

 

 

 

 

 

Extended

37

$90,965,300

$2,275,000

$2,458,521

185

234

 

 

 

 

 

Active In Range

556

$1,133,670,949

$1,365,950

$2,038,976

105

125

 

 

 

 

 

Current Active

244

$667,868,312

$2,350,000

$2,737,165

181

212

 

 

 

 

 


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

Oct. 21, 2020

Panama City Beach | Condo Sales | Sept., 2020

The chart below shows the market activity for Panama City Beach Condo Sales during the last calendar month.  If you would like more information on a specific building please call or text John Moran at 850-217-7618 or send an email to JohnMoran@AtTheBeachTeam.com and I will be happy to get it for you.

Note: Introducing our new website – Try out these new links:

We are very excited about launching it and are confident it will be a terrific tool 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

169

$54,860,247

$305,000

$324,616

84

83

$53,464,239

$295,000

$316,356

97.46

91.37

List/Sold

46

$16,568,650

$341,950

$360,188

81

87

$16,206,980

$334,290

$352,325

97.82

97.19

Co-Broker

123

$38,291,597

$299,000

$311,313

85

82

$37,257,259

$282,000

$302,904

97.30

89.05

New

174

$57,959,898

$299,000

$333,102

21

28

 

 

 

 

 

Pending

190

$63,816,176

$309,950

$335,874

93

160

 

 

 

 

 

Withdrawn

17

$6,392,999

$206,500

$376,058

117

116

 

 

 

 

 

Cancelled

25

$7,853,488

$288,000

$314,139

53

54

 

 

 

 

 

Expired

34

$12,103,597

$318,000

$355,988

254

564

 

 

 

 

 

Back On Market

71

$24,238,796

$317,000

$341,391

125

127

 

 

 

 

 

Extended

80

$23,325,100

$275,000

$291,563

243

209

 

 

 

 

 

Active In Range

728

$264,845,739

$339,650

$363,799

177

715

 

 

 

 

 

Current Active

384

$148,512,368

$362,700

$386,750

279

1,172

 

 

 

 

 


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

Oct. 21, 2020

Panama City Beach | Home Sales | Sept., 2020

The chart below shows the market activity for Panama City Beach Home Sales during the last calendar month.  If you would like more information on a specific building please call or text John Moran at 850-217-7618 or send an email to JohnMoran@AtTheBeachTeam.com and I will be happy to get it for you.

Note: Introducing our new website – Try out these new links:

We are very excited about launching it and are confident it will be a terrific tool 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

89

$41,974,718

$355,000

$471,626

62

60

$40,590,619

$349,000

$456,074

96.70

95.53

List/Sold

19

$11,914,824

$350,000

$627,096

31

29

$11,490,474

$345,000

$604,761

96.44

96.59

Co-Broker

70

$30,059,894

$355,221

$429,427

71

68

$29,100,145

$349,500

$415,716

96.81

95.12

New

111

$57,052,443

$359,000

$513,985

18

30

 

 

 

 

 

Pending

110

$48,677,132

$359,329

$442,519

65

70

 

 

 

 

 

Withdrawn

18

$7,191,675

$352,725

$399,537

66

63

 

 

 

 

 

Cancelled

21

$10,514,965

$339,900

$500,712

86

124

 

 

 

 

 

Expired

9

$4,758,274

$365,475

$528,697

376

407

 

 

 

 

 

Back On Market

40

$17,864,397

$359,000

$446,609

126

124

 

 

 

 

 

Extended

24

$19,534,600

$594,450

$813,941

237

245

 

 

 

 

 

Active In Range

381

$242,812,519

$383,000

$637,303

92

98

 

 

 

 

 

Current Active

169

$142,431,375

$449,000

$842,789

146

155

 

 

 

 

 


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

Oct. 21, 2020

Panama City Beach | Gulf Lot Sales | Sept, 2020

The chart below shows the market activity for Panama City Beach Residential Lot Sales during the last calendar month.  If you would like more information on a specific building please call or text John Moran at 850-217-7618 or send an email to JohnMoran@AtTheBeachTeam.com and I will be happy to get it for you.

Note: Introducing our new website – Try out these new links:

We are very excited about launching it and are confident it will be a terrific tool 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

25

$2,612,400

$103,000

$104,496

194

278

$2,307,900

$99,000

$92,316

88.34

84.58

List/Sold

7

$1,039,700

$155,000

$148,528

325

316

$892,500

$130,000

$127,500

85.84

84.85

Co-Broker

18

$1,572,700

$93,950

$87,372

143

264

$1,415,400

$85,750

$78,633

90.00

84.42

New

22

$3,243,690

$124,995

$147,440

26

24

 

 

 

 

 

Pending

21

$4,599,500

$119,000

$219,023

219

327

 

 

 

 

 

Withdrawn

2

$975,000

$487,500

$487,500

2,297

2,434

 

 

 

 

 

Cancelled

3

$329,000

$115,000

$109,666

94

94

 

 

 

 

 

Expired

5

$891,099

$114,900

$178,219

253

325

 

 

 

 

 

Back On Market

5

$1,744,900

$105,000

$348,980

207

281

 

 

 

 

 

Extended

10

$1,138,899

$108,000

$113,889

448

447

 

 

 

 

 

Active In Range

191

$36,679,969

$119,000

$192,041

296

316

 

 

 

 

 

Current Active

144

$27,524,729

$119,000

$191,143

365

384

 

 

 

 

 


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