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 

Sept. 25, 2022

Destin Area | Home Sales | August, 2022

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 43 $65,301,800 $1,250,000 $1,518,646 30 32 $61,082,500 $1,100,000 $1,420,523 93.54 89.65
List/Sold 5 $10,661,000 $2,045,000 $2,132,200 54 60 $8,830,000 $1,950,000 $1,766,000 82.83 75.24
Co-Broker 38 $54,640,800 $934,950 $1,437,915 27 29 $52,252,500 $900,000 $1,375,065 95.63 92.64
New 86 $129,575,533 $1,339,450 $1,506,692 32 50          
Pending 52 $67,715,986 $985,000 $1,302,230 58 60          
Withdrawn 14 $24,713,300 $1,437,450 $1,765,235 75 77          
Cancelled 20 $30,496,800 $1,275,000 $1,524,840 53 56          
Expired 11 $13,961,000 $1,195,000 $1,269,181 116 124          
Back On Market 17 $18,303,700 $895,000 $1,076,688 73 74          
Extended 15 $30,814,000 $1,825,000 $2,054,266 119 119          
Active In Range 400 $802,740,456 $1,572,500 $2,006,851 81 89          
Current Active 239 $549,735,378 $1,695,000 $2,300,148 102 112          

 


Information is deemed to be reliable, but is not guaranteed. See copyright notice.
Sept. 4, 2022

Panama City Beach Real Estate - The Missing Piece

What we are watching

I’ve been selling real estate here at the beach for almost 18 years. I’ve seen markets drop like a rock and shoot up like a rocket but this market – the one we are currently in – is new to me.  Why?  Because it’s really not doing anything…” normal”.  For the last couple of years, since Covid, we have been on that rocket ship with prices climbing by the day but now it feels like in July everything all of a sudden…stopped. Example, our team had been averaging 21+ transactions a month from January through June and then July hit, and we closed only 8 transactions. In August it will be 7 transactions.  What happened? Did we suddenly forget how to sell real estate? Did we all go on vacation at the same time? Did we just say, forget it, I quit? No, no and no.  In fact, I can assure you we are working harder than ever.

It isn’t only us. Our entire MLS is down. I also saw a report that the city of San Diego saw its sold transactions dropped 45% in July and another report proclaiming that the across the country real estate is down 30%. August was more the same. September – we will see.

If you are a buyer or seller of real estate here at the beach, what do you do? What is the answer? Here’s what you do, at least here’s what we are doing.  We are monitoring what I call “The Confidence Quotient” of our real estate market. In other words, do people believe the market is going: up, down, or sideways? Where is their confidence?

The way I measure The Confidence Quotient in our real estate market is by monitoring five key trends:

1. Number Of Sales

The number of sales will tell us a Buyer Confidence in the market. If the number of sales is increasing, it tells us that Buyers are confident that today’s market is the best one for them and if they wait to buy in the future prices will be higher, so they are buying now. If the number of sales is going down? We know buyers are confident that future prices will be lower so they are opting out of the market at the current prices, and we can look for prices to continue to erode at least for the near future. Make sense? Okay, let’s look at condo sales in the Panama City Beach Area to see if we can determine where the market is going.

Panama City Beach Condo Sales:  Year over year condo sales in the Panama City Beach Area are down and trended down the period of March through July but jumped up some in August. 

Conclusion? Demand for condos in the Panama City Beach area is down compared to last year but may have picked up some steam in August.  We will have to watch to see if that is simply a false bottom bounce or the real thing. 

Click here for Greater Destin Area Real Estate Trends 

Panama City Beach Condo Sales Trends

 

Panama City Beach Home Sales: It looks like the homes sales this year – while lower than last year – have followed the same pattern of climbing in the first quarter, falling back in April and May before jumping up in June with July and August coming in mostly flat. Not as many buyers pulled the trigger on buying a property in 2022 however, the numbers showing July and August sales as only flat (not dropping very much certainly) may suggest that buyer confidence could be coming back somewhat. 

 

Conclusion? I'm not confident that buyer confidence is back. Those that have to have homes will buy what they can afford.  Investors will continue to sit this market out.  

 

Click here for Greater Destin Area Real Estate Trends  

 

Number of Panama City Beach Home Sales Trends

 

2. How many New Listings are coming on the market for sale?

If inventory (properties listed for sale) is increasing, it shows Seller Confidence is high and prices are going to hold up, at lease for the near term. As such, Sellers are listing now and hopefully selling before prices start dropping.

 

Panama City Beach Condos: New Listings:  2022 held up very well compared to 2021 at least through May. Since May however it looks like the buyer demand has softened even though August popped up a bit.  

 

Conclusion?  Right now, it looks like sellers have decided that they don't have confidence in the current market and as such are deciding now is not the time to sell and either pulling their listings or deciding not to list at all.  This is why inventory numbers are so low.  Lets see how the Fed moves forward trying to control inflation.  If they continue to raise rates (and they likely will) I think we can expect sellers to stay on the sidelines until buyer's purchasing power comes back.  

 

Click here for Greater Destin Area Real Estate Trends 

 

Panama City Beach Number of New Condo Listings Trends

 

Panama City Beach Homes New Listings It looks like the number of new home listings peaked in the spring and early summer but fell off dramatically in July before flattening out in August.  

Conclusion?  The lack of inventory (supply) and the likely mortgage rate increase will be hard on buyers looking for lower prices and unless there is a pressing need to sell it looks like homeowners in the Greater PCB Area are choosing to sit tight and not list their homes for sale right now. 

 

3. Are New List Prices higher, lower, or the same as previous months?

This will tell us which way the ‘value’ winds are blowing. If List Prices are higher sellers are confident that market will hold up and they will get their price. If list prices start dropping, sellers are worried that if they don’t get a high price now, they may have to hold the property or sell in a depreciating market.  If list prices are flat that simply means sellers are uncertain which way the market will turn.

Panama City Beach Condos New List Prices: This year’s list prices are certainly higher than last years – no surprise there. The thing that surprises me a little is list prices are holding up even in the face of significantly fewer sales (closings). Also, excluding the price jump in May, new list prices have been mostly flat all year. 

Conclusion? Because prices are not continuing to increase, I believe sellers are worried the market is softening.  But because the prices aren’t dropping either, it looks like the sellers still hold most of the cards and if buyers are hoping for price relief, I’m not sure they will find it anytime soon. 

 

Click here for Greater Destin Area Real Estate Trends 

 

PCB Condo List Price Trends

 

Panama City Beach Home New List Prices:  Looking at the New List Prices for homes in the Greater Panama City Beach Area it looks like prices are way up year over year – again no surprise there.  And like with the condo market list prices are not dropping off much.  This is pretty incredible considering the drop in the number of sales, the increase in interest rates and the growing overall inflation, all of which typically force prices down. 

 

Conclusion? It’s going to be tough on buyers looking to capture lower prices.  However, sellers will likely see the time it takes to sell a property jump as the number of buyers able to pay high prices drops. This will be an interesting stare down to watch and see who blinks first.

 

Click here for Greater Destin Area Real Estate Trends 

 

PCB Home List Price Trends

 

4. How many properties are Pending Sale (under contract but not yet closed)?

This tells us Buyer Confidence. If the number of pending sales is increasing, we know that Buyer Confidence is still high and that they are willing to write contracts at the current price points.  If the number of pending sales drops, then prices are likely to drop as well. If they are flat (not increasing or decreasing) then it simply means buyers and sellers haven’t decided yet.

Panama City Beach Condos: # Of Pending Sales:  The number of condos going under contract this year compared to last year is down substantially. The thing that jumps out at me on this graph is how the number of pending sales is trending up since the low in June. We have been hearing so much about how the housing market is in trouble and that there is a bubble about to burst but then our pending sales jump. This is remarkably interesting. I don’t know if this trend can keep going but right now the pending sales tell us that buyers are confident that if they don’t buy now, they will pay higher prices in the future.

Conclusion? With so much uncertainty, if you are planning to sell in the next few years – sell now while we know you can capture a high price.

 

Click here for Greater Destin Area Real Estate Trends 

 

Number of Pending Condo Sales Trends

 

Panama City Beach Homes: # of Pending Sales:  Looking at this graph for 2022 the market appears to runup one month then fallback the next. That trend changed in June with when the market didn't bounce back as hard but held flat before climbing some in July and bouncing higher in August.  Is this a seasonality thing showing up? Is it a blip before prices drop? Or is it something else entirely? Hard to say at this point.

 

Conclusion? There is so much talk and punditry out there right now it hard to get a good indication where this trend is taking us. Honest answer? Be careful. 

 

Click here for Greater Destin Area Real Estate Trends 

PCB Number of New Pending Home Sales Trends

 

 

5. Are new pending prices higher or lower than the previous pending sales? 

Like with New List Prices, Pending Prices will tell us which way the ‘value’ winds are blowing. If Pending Prices are higher from one month to the next for comparable properties, prices are going to remain high or go higher. If Pending Prices are lower than the previous month, then prices are likely to drop. Flat? Buyers and Sellers are still figuring things out.

Panama City Beach Condos – Pending Price Trends: This is a big one for both buyers and sellers because it’s a good window into the future. Pending prices are up substantially year over year – no surprise there. As for the 2022 prices? They have been bouncing around within 10% from the highs which is real money for sure but not a huge variance. Example: In April, the Median Sales Pending Price was $459,000. In July it was down to $422,450 but jumped in August to $450,000. We will watch to see if this bouncing trend continues or if we get a consistent increase or decrease over several months.  

 

Conclusion? Uncertainty is where the best deals can be made – for both buyer and sellers – so if you are thinking about buying or selling now would appear to be a good time to roll the dice.   

 

Click here for Greater Destin Area Real Estate Trends 

 

PCB Condo Pending Price Trends

 

Panama City Beach Homes – Pending Sales Price Trends: Again, prices are higher this year than last year. The interesting thing this year is prices in the spring were higher than they have been through the summer.  Granted, not by much but historically prices tend to grow through the summer months.  

 

Conclusion? Because there has been no massive drop off in prices, we know there are buyers who either need a home no matter what or believe prices are going to be higher in the future and as such are willing to pay today’s prices. 

 

PCB Homes Median Pending Price Trends

 

Other Factors to Watch

 

Employment:  Are people going to work or are they losing their jobs? Working people spend money on real estate and vacation rentals and unemployed people don’t. It’s as simple as that so keep an eye on employment.

Affordability:  Can people afford to buy property or come to the beach on vacation? If they can’t then it will be very difficult to maintain the price points, we’ve enjoyed for the past several years. With inflation the way it is and supply chain issues still a thing it’s going to be very interesting how low motivated buyers balance out against owner/sellers who aren’t feeling any strong pressure to lower prices… yet.      

So, Where Are We?

 

Looking at these trends we can tell if people are confident in placing their hard earned and limited resources on properties here at the beach. My point of view is everything comes down to buyer’s and seller’s confidence in the future. Are they confident prices are going up or are they confident prices are going down? When buyers and sellers are confident either way things happen. When they are not sure both tend to hunker down and adopt a wait and see approach. Buyer and sell confidence are what you need to watch and what you need to be ready to react to. 

Right now, what we are facing is simple uncertainty – neither a lack of confidence nor an abundance of confidence. Until that uncertainty starts to lean one way or the other, we are going to remain in a spin mode going round and round rather than up or down. How long this will last is unknown, but you need to watch it very closely because when things move – they can move very quickly, and you don’t want to miss the boat on selling… or buying.  Confidence is a fickle thing and can be very expensive, so watch it close.

What Do You Do?

If you are an investor here at the beach and are considering selling – you need to be careful – there are very strong market forces at play right now. The market has been going up each year since 2009 which means most Realtors have never seen a declining market, and with hundreds of thousands of dollars – even millions of dollars – at risk… do you really want to trust your wealth to a Realtor that has never seen a market with eroding equity? Who you have as your Realtor… matters.

 

I was there in 2004, 05, and 06, when the market corrected, and prices were dropping by the day.  We saw how buyers would walk away from earnest money deposits because they could buy a better property at an even lower price somewhere else.  We successfully navigated those waters and were able to save or make our clients a ton of money.

Whether you are a buyer or a seller of a property here at the beach we, want you to max out your position based on your financial goals and the current market conditions. With this in mind and based on years of experience our advice breaks down as follows:

Short Term Owner (Five years or less): If you plan to own your property for five years or less, we recommend that you list and sell it now.  This allows you to lock in a really high sales price and mitigate all risk of price drops, tax code changes, and any other scenario that would have a negative impact on your profits.  Remember, you can’t go broke taking profits.

Long Term Owner (Longer than five years): If you plan to own the property longer that five years, we recommend that you simply sit back and enjoy the ride.  This is because you have time to ride out the crazy ups and downs so they should not have much impact on you. We do suggest though that you look at your rental income and make sure you’re maxing that out.  If you would like to get a FREE, No Obligation rental projection for your property we recommend you contact Beach Stays Vacations (beachstaysvacations.com)

Multiple Property Owner:  If you own multiple properties, we suggest that you sell and take one or more off the table and protect the equity you’ve built up. Keep your best properties and consider adding new ones when prices drop.

Long Term Buyer (Going to own five years or longer): If you plan to buy a property that you will own for five years or longer, we recommend that you buy now… and hold it – longer the better.  This will allow you to lock in a historically low interest rate and take advantage of high rental incomes. In addition, if you hold the property over time prices will go back up.  If you do buy, we suggest that you max out your rental income.

If you would like to get a FREE, No Obligation rental projection for your property we recommend you contact Beach Stays Vacations (beachstaysvacations.com)

Short Term Buyer (Going to buy and flip): If you plan is to buy and flip the property, we simply say – be careful.  Operating on a short time frame escalates the risk of missing the market – for sure, but we do have people who are doing this and making big money.

 

 

 

Bottom Line

We are wealth builders, so our goal (whether you are buying or selling) is to build or protect your wealth – based on your financial goals and the current market conditions. Call us today and lets talk about how you can max out your position as a buyer, a seller or as an owner to continue building your family’s wealth well into the future.

Committed to your success,

John Moran – CEO The Smart Beach Investor | Keller Williams Realty AT THE BEACH TEAM 

Keller Williams Realty – For Your Place at the Beach

July 20, 2022

Panama City Beach | Lot Sales | June, 2022

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 19 $4,415,000 $215,000 $232,368 74 73 $4,143,000 $215,000 $218,052 93.84 93.51
List/Sold 7 $1,793,500 $215,000 $256,214 38 36 $1,697,000 $215,000 $242,428 94.62 93.32
Co-Broker 12 $2,621,500 $196,750 $218,458 95 95 $2,446,000 $185,000 $203,833 93.31 93.64
New 19 $7,923,300 $249,000 $417,015 28 26          
Pending 7 $2,272,500 $225,000 $324,642 54 54          
Withdrawn 1 $229,000 $229,000 $229,000 24 21          
Cancelled 3 $1,121,900 $179,000 $373,966 166 166          
Expired 2 $725,000 $362,500 $362,500 269 268          
Back On Market 3 $763,500 $229,000 $254,500 128 126          
Extended 7 $1,951,900 $165,000 $278,842 480 479          
Active In Range 92 $48,714,898 $219,950 $529,509 143 164          
Current Active 77 $44,550,498 $228,900 $578,577 151 176          

 


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

 

July 20, 2022

Panama City Beach | Home Sales | June, 2022

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 105 $74,621,771 $534,900 $710,683 25 26 $73,077,242 $535,000 $695,973 97.93 99.06
List/Sold 24 $13,863,750 $465,500 $577,656 6 6 $13,552,980 $471,919 $564,707 97.76 96.38
Co-Broker 81 $60,758,021 $569,900 $750,099 31 31 $59,524,262 $550,000 $734,867 97.97 99.69
New 187 $132,984,734 $560,000 $711,148 24 25          
Pending 92 $54,684,305 $503,900 $594,394 25 24          
Withdrawn 15 $10,720,725 $665,000 $714,715 44 51          
Cancelled 23 $20,649,200 $599,000 $897,791 64 69          
Expired 9 $6,264,725 $599,900 $696,080 206 202          
Back On Market 58 $35,823,522 $490,250 $617,646 60 60          
Extended 7 $9,730,900 $598,000 $1,390,128 88 87          
Active In Range 440 $448,017,286 $624,450 $1,018,221 50 50          
Current Active 245 $308,802,206 $678,000 $1,260,417 72 72          


Information is deemed to be reliable, but is not guaranteed. See copyright notice.
July 20, 2022

Panama City Beach | Condo Sales | June, 2022

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 148 $72,031,990 $420,000 $486,702 25 24 $70,875,099 $419,200 $478,885 98.39 97.78
List/Sold 19 $9,800,200 $515,000 $515,800 30 30 $9,676,900 $500,000 $509,310 98.74 98.24
Co-Broker 129 $62,231,790 $419,900 $482,416 24 23 $61,198,199 $415,000 $474,404 98.34 97.70
New 250 $130,873,185 $475,000 $523,492 27 27          
Pending 101 $46,970,977 $407,900 $465,059 27 26          
Withdrawn 19 $11,209,098 $455,000 $589,952 67 73          
Cancelled 22 $11,582,199 $487,499 $526,463 59 58          
Expired 16 $9,530,553 $502,499 $595,659 139 139          
Back On Market 53 $27,229,374 $495,000 $513,761 81 83          
Extended 20 $9,859,398 $496,999 $492,969 139 144          
Active In Range 660 $377,613,853 $499,900 $572,142 58 57          
Current Active 440 $265,715,756 $539,261 $603,899 74 74          

 


Information is deemed to be reliable, but is not guaranteed. See copyright notice.
July 20, 2022

Crestview Area | Home Sales | June, 2022

The chart below shows the market activity for Crestview Area 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 214 $71,236,687 $328,450 $332,881 22 35 $71,575,096 $330,000 $334,463 100.48 67.20
List/Sold 23 $8,007,637 $329,422 $348,158 15 15 $8,002,639 $329,422 $347,940 99.94 18.28
Co-Broker 191 $63,229,050 $327,900 $331,042 23 37 $63,572,457 $330,000 $332,840 100.54 101.37
New 231 $82,576,074 $344,716 $357,472 18 20          
Pending 165 $54,675,857 $329,000 $331,368 24 26          
Withdrawn 20 $7,450,495 $387,500 $372,524 40 40          
Cancelled 23 $8,846,889 $394,900 $384,647 36 36          
Expired 6 $1,947,355 $329,500 $324,559 160 170          
Back On Market 69 $22,494,005 $335,000 $326,000 55 56          
Extended 12 $4,155,583 $355,095 $346,298 99 99          
Active In Range 459 $169,362,260 $355,000 $368,980 35 41          
Current Active 176 $73,975,261 $384,950 $420,313 69 81          

 


Information is deemed to be reliable, but is not guaranteed. See copyright notice.
July 20, 2022

Navarre Area | Home Sales | June, 2022

The chart below shows the market activity for Navarre Area Condo Sales during the last calendar month.  The Navarre Area includes: Navarre, Holley, Holley By The Sea, Midway/Tiger Point and Gulf Breeze.  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 166 $78,244,474 $411,125 $471,352 17 17 $79,280,728 $417,000 $477,594 101.32 101.16
List/Sold 26 $13,866,899 $489,950 $533,342 46 46 $13,825,999 $495,500 $531,769 99.71 99.67
Co-Broker 140 $64,377,575 $405,000 $459,839 12 12 $65,454,729 $410,000 $467,533 101.67 101.48
New 174 $81,984,076 $425,000 $471,172 16 20          
Pending 114 $50,050,638 $425,000 $439,040 16 20          
Withdrawn 11 $7,112,650 $450,000 $646,604 13 13          
Cancelled 15 $7,081,200 $449,900 $472,080 41 42          
Expired 2 $2,514,999 $1,257,499 $1,257,499 122 122          
Back On Market 36 $19,913,900 $449,700 $553,163 42 42          
Extended 7 $2,987,800 $450,000 $426,828 48 48          
Active In Range 280 $148,504,685 $435,000 $530,373 27 29          
Current Active 92 $61,027,328 $450,143 $663,340 63 67          

 


Information is deemed to be reliable, but is not guaranteed. See copyright notice.
July 20, 2022

Navarre Beach | Home Sales | June, 2022

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 5 $7,484,000 $1,620,000 $1,496,800 9 9 $7,509,000 $1,595,000 $1,501,800 100.33 101.69
List/Sold 1 $969,000 $969,000 $969,000 0 0 $969,000 $969,000 $969,000 100.00 100.00
Co-Broker 4 $6,515,000 $1,707,500 $1,628,750 11 11 $6,540,000 $1,695,000 $1,635,000 100.38 101.95
New 11 $19,022,000 $1,500,000 $1,729,272 23 23          
Pending 6 $9,093,800 $1,337,500 $1,515,633 35 35          
Withdrawn 0 $0 $0 $0 0 0          
Cancelled 0 $0 $0 $0 0 0          
Expired 0 $0 $0 $0 0 0          
Back On Market 0 $0 $0 $0 0 0          
Extended 1 $1,315,000 $1,315,000 $1,315,000 48 48          
Active In Range 23 $46,331,700 $1,799,900 $2,014,421 93 133          
Current Active 14 $33,287,900 $2,070,000 $2,377,707 147 212          

 


Information is deemed to be reliable, but is not guaranteed. See copyright notice.
July 20, 2022

Navarre Beach | Condo Sales | June, 2022

The chart below shows the market activity for Navarre Beach Condo 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 11 $7,109,500 $725,000 $646,318 28 42 $6,993,900 $720,000 $635,809 98.37 98.37
List/Sold 4 $2,529,700 $614,900 $632,425 35 72 $2,454,900 $609,950 $613,725 97.04 97.04
Co-Broker 7 $4,579,800 $725,000 $654,257 25 25 $4,539,000 $745,000 $648,428 99.11 99.11
New 12 $8,360,400 $644,000 $696,700 18 18          
Pending 6 $4,164,000 $707,000 $694,000 8 8          
Withdrawn 1 $989,000 $989,000 $989,000 7 8          
Cancelled 1 $989,000 $989,000 $989,000 7 8          
Expired 1 $795,000 $795,000 $795,000 1,308 1,308          
Back On Market 1 $795,000 $795,000 $795,000 992 992          
Extended 1 $995,000 $995,000 $995,000 1,365 1,365          
Active In Range 28 $25,139,300 $837,500 $897,832 126 126          
Current Active 16 $15,721,400 $822,500 $982,587 200 200          


Information is deemed to be reliable, but is not guaranteed. See copyright notice.
July 20, 2022

30A | Condo Sales | June, 2022

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 53 $62,569,799 $675,000 $1,180,562 17 24 $61,487,600 $671,500 $1,160,143 98.27 97.10
List/Sold 9 $14,660,700 $1,075,000 $1,628,966 3 3 $14,751,200 $1,075,000 $1,639,022 100.62 100.62
Co-Broker 44 $47,909,099 $667,250 $1,088,843 20 29 $46,736,400 $671,500 $1,062,190 97.55 96.03
New 46 $65,795,997 $997,000 $1,430,347 19 20          
Pending 28 $36,759,200 $1,087,500 $1,312,828 31 37          
Withdrawn 5 $3,756,000 $949,000 $751,200 65 68          
Cancelled 6 $6,304,000 $884,500 $1,050,666 48 48          
Expired 3 $2,068,000 $729,000 $689,333 201 201          
Back On Market 12 $8,199,398 $677,249 $683,283 65 110          
Extended 3 $2,055,000 $665,000 $685,000 7 66          
Active In Range 129 $183,196,761 $949,000 $1,420,129 53 57          
Current Active 73 $110,973,063 $925,000 $1,520,178 84 92          


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