2021 Destin & 30A Real Estate Sales Report

2021 Property Values Continue to Climb in Destin & 30A

2021 was an aggressive year for buying and selling real estate in Destin, the 30A and surrounding Florida Gulf Coast. Buyers were faced with high prices, a leaner choice of inventory, and bidding wars. The offers with fewest contingencies and often higher than asking price were often the winners.

Home and condo sellers in 2021 saw their property values increase beyond the norm. They often reaped the benefits of a quick sale that was close or over their asking price. They also faced the challenging prospect of finding a new place to live, in a difficult market.

2021 brought significant increases to the Destin, Florida real estate market and surrounding Gulf Coast:

Sales Volume was up 41%
The number of listings sold were up by 15%
The average Sale Price went up 22%

Most of the decreases were attributed to a shortage of active and new listings.

2020 vs 2021 real estate sales comparison for Destin, Florida

The following is a 2021 vs 2020 Destin & 30A sales summary broken down by:

2021 Single-Family Home Sales
2021 Condo Sales
2021 Townhome Sales
2021 Beachfront Home Sales
2021 Beachfront Condo Sales

2021 Home Sales for Destin & 30A

Sold Volume in 2021 for single-family homes in the Destin & 30A area saw a 34% increase from 2020. There were double-digit increases across the board, with notable mentions in Miramar/Sandestin Resort (61%), Destin (48%) and 30A West (40%).

Number of Homes Sold increased by 7% in 2021. The highest numbers appeared in Miramar/Sandestin Resort (23%) and Fort Walton Beach (11%). This number would have been much higher if we'd seen more inventory. Houses averaged 99% of their list price. Sizes ranged from 558 square feet for a 1-story bungalow in Niceville, to 13,680 square feet for a home in Eden Parc, Santa Rosa Beach. The average size for homes sold in 2021 was 2,302 square feet overall.

Average Sale Price for single-family homes in 2021 increased by 24%. All the areas were very close, with the exception of Destin (36%) and Miramar/Sandestin Resort (30%). That's a huge return on any investment. Actually, close to half of these sales were vacation rentals. The percent of list price to sale price was 99%, a 1% increase from 2020.

Highest Priced Home Sold in 2021

The highest selling home was $16,900,000 for this gorgeous beachfront home in Alys Beach.

Highest price selling home in 2021 Alys Beach

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2021 Condo Sales for Destin & 30A

Sold Volume in 2021 for condos in the Destin and 30A area increased by a shocking 55%. North Santa Rosa Beach had gains of 224%, along with other notable increases in 30A East (86%), and Fort Walton Beach (72%). In North Santa Rosa Beach, listings for the more affordable Pointe of View Condos saw about triple the number of listings and a price increase of about 26%.

Number of Condos Sold increased by 26% in 2021 and just as single-family homes, inventory was low, otherwise this number would have been much higher. Sizes ranged from 150 square feet for a cabana in Amalfi Coast Resort to 7,378 square feet for a 7-bedroom condo in The Providence at Rosemary Beach, Florida. The average size of condos sold in 2021 was 1,238 square feet.

Average Sale Price for condos in 2021 was up 22% overall. The highest increases were in 30A East (39%), Fort Walton Beach (26%), Destin (25%), and North Santa Rosa Beach (25%). Condo sellers in Destin and the 30A received an average of 99% of their list price. The percent of list to sales price was 99%, a 2% increase from 2020.

Highest Priced Condo Sold in 2021

Highest price condo was $8,200,000 for a 5 bedroom, 6 bath listing in Inlet Beach. It measures almost 4,700 square feet and boasts 90 feet of beach frontage. Situated in Camp Creek Lake between Watersound and Alys Beach, this area is especially desirable because of its privacy.

Highest priced condo sold in Inlet Beach in 2021

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2021 Townhome Sales for Destin & 30A

Sold Volume for Destin area townhomes in 2021 increased by 88%! There were high numbers in most areas, but some of the most notable were seen in:

North Santa Rosa Beach (344%) - There were exceptional sales in new developments of Sandhill Pines and Kara Lake townhomes that added to this increase.
Destin (266%) - This was due in part to huge sales in new Destin townhomes of Henderson Beach Villas and Tuscan Village.
30A East (77%) - High number of sales in the Inlet Beach development, Prominence.
Niceville (73%)

Number of townhomes sold were up by 43%. Once again huge increases, in part due to new developments were North Santa Rosa Beach (191%), Destin (81%) and Niceville (62%). Townhome sizes ranged from 598 square feet for a vacation rental in Navarre, to 3,537 square feet for a beachfront townhome in Henderson Beach Villas.

Average sale price for townhomes in Destin and 30A was up 31%. Large increases were seen in Destin (101%), North Santa Rosa Beach (52%) and 30A East (51%). The percent of list price to sales was 99%, a 1% increase from 2020.

Highest Priced Townhome Sold in 2021

The highest price townhome was $3,599,000 in Henderson Beach Villas, Destin, Florida. Beachfront and beautiful, this townhome measured a spacious 3,537 square feet with 6 bedrooms and 7 bathrooms.

Highest selling townhome in 2021

2021 Beachfront Home Sales for Destin & 30A

2020 vs 2021 beachfront home sales near Destin, Florida

Beachfront home sales in Destin and 30A was the one area where we saw some losses in 2021.

Sold volume for beachfront homes in Destin & 30A was down slightly (-2%). This was mainly due to reduced sales in 30A East (-24%) and Miramar (-17%). There were huge increases in Navarre (87%) and 30A West (60%).

The number of beachfront homes sold was also down by -11%, inspite of similar gains. Sizes range from 672 square feet for a 1-bedroom home in Seaside, to 9,357 square feet for beach home in Inlet Beach featuring 9 bedrooms and 12 baths.

Average price of beachfront homes increased by 10% overall. There were large jumps in Destin (52%) and 30A West (23%). The percent of list to sales was 97% - a 4% gain from 2020.

2021 Beachfront Condo Sales for Destin & 30A

2020 vs 2021 beachfront condo sales near Destin, Florida

Beachfront condos in Destin and 30A performed much better, probably due to the influx of new properties.

Sold volume for beachfront condos was up 46%. Notable increases were in Navarre (63%), Fort Walton Beach (62%), 30A East (53%), and Destin (50%.

The number of beachfront condos sold increased by 29%. Substantial increase were noted in Miramar/Sandestin (42%), Navarre (37%), Fort Walton Beach (33%), and Destin (28%). Sizes ranged from 340 square feet for a furnished vacation rental in Fort Walton Beach, to 4,686 square feet for a beachfront condo in Camp Creek Lake.

The average price of beachfront condos increased by 13% overall. Almost all areas were in double-digits with the largest increases in 30A West (26%, 30A East (25%), and Fort Walton Beach (21%). The percent of list to sales was 98%, a 2% increase over 2020.

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Posted by Tim Shepard - Broker on January 17th, 2022