Condo Owner

Volume19 Issue3 2015

Condo Owner publishes information vital to the business and pleasure of resort condominium ownership. Topics covered relate to real estate market trends, community association matters, rental management issues, tax and insurance updates and more.

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condo owner V O L U M E 1 9 • I S S U E 3 www.condo-owner.com 48 market report Alabama Gulf Coast $337,226 $323,110 Destin/Sandestin $395,455 $373,798 Hwy 30-A $653,571 $614,795 Okaloosa Island $278,401 $265,097 Panama City Beach $233,229 $222,898 Pensacola Beach $409,366 $388,620 Perdido Key $402,192 $348,271 Avg. Sales Prices April - June 2015 Region Avg. List Price Avg. Sales Price This analysis was provided to Condo Owner by ResortQuest Real Estate and includes resort condominium sales only. Sales data for single-family homes and off-beach condominiums (with the exception of those located in golf or marina communities) are not included. While these statistics do not take into account condo pre-sales, auction sales and condominiums sold by owner, they are a strong indicator of trends in the resort condo- minium real estate market. Data for this article was pulled col- lectively from the Multiple Listing Services (MLS) of the Emerald Coast Association of Realtors, Bay County Association of Real- tors, and Baldwin County Association of Realtors. n Condo Market Report Average Price Per Square-Ft. $400.00 $300.00 $200.00 $100.00 $- $ 300.00 $200.00 $100.00 $- Hwy. 30-A Okaloosa Island $300.00 $200.00 $100.00 $- D estin/Sandestin Pensacola Beach $300.00 $200.00 $100.00 $- Perdido Key $300.00 $200.00 $100.00 $- Avg. Days On The Market Alabama Gulf Coast 182 D estin/Sandestin 182 H wy 30-A 174 Okaloosa Island 206 Panama City Beach 137 P ensacola Beach 146 P erdido Key 144 $300.00 $200.00 $ 100.00 $- Alabama Gulf Coast $300.00 $ 200.00 $ 100.00 $- Panama City Beach 2010 2011 2012 2013 2014 2015 2010 2011 2012 2013 2014 2015 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 Alabama Destin/Sandestin Hwy 30-A Okaloosa Panama City Pensacola Perdido Key Gulf Coast Island Beach Beach Inventory Of Units For Sale 2010 2011 2012 2013 2014 2015 2010 2011 2012 2013 2014 2015 2010 2011 2012 2013 2014 2015 2010 2011 2012 2013 2014 2015 2010 2011 2012 2013 2014 2015 2010 2011 2012 2013 2014 2015 Number Of Condos Sold Alabama Gulf Coast 384 324 269 307 413 Destin/Sandestin 257 238 240 229 309 Hwy. 30-A 84 75 70 82 101 Okaloosa Island 50 41 54 45 41 Panama City Beach 278 294 241 291 321 Pensacola Beach 53 37 51 48 94 Perdido Key 69 79 56 45 125 Region Apr. - June '14 July - Sept. '14 Oct. - Dec. '14 Jan. - Mar. '15 Apr. - June '15

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