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May
7

Introducing Our Emerald Coast Real Estate Market Report: Your Guide to Luxury Living in the Florida Panhandle

At The Premier Property Group, we are thrilled to unveil the inaugural edition of our Quarterly Emerald Coast Real Estate Market Report - a new resource curated to provide exclusive insights into one of Florida's most sought-after luxury real estate markets.

Covering prestigious coastal communities from Destin to Scenic Highway 30A, this quarterly report is designed to keep homebuyers, sellers, and investors informed about the latest trends shaping the high-end property landscape along the Emerald Coast.

Why This Market Report Matters

The real estate market in Northwest Florida is dynamic, competitive, and continuously evolving. With continued interest from buyers across the country, the Florida Panhandle has become a premier destination for luxury homes, vacation properties, and investment real estate. In such a fast-moving environment, having access to accurate, timely, and locally focused data is essential.

That's where our market report comes in.

Each quarter, we'll break down:

  • Luxury home pricing trends

  • Inventory levels and absorption rates

  • Average days on market

  • Buyer and seller behavior shifts

  • Emerging investment opportunities

Whether you're exploring gulf-front estates in Alys Beach, a second home in Rosemary Beach, or an income-producing property in Miramar Beach, this report will empower you with actionable insights backed by real data and local expertise.

Our Commitment to Informed Real Estate Decisions

As your trusted real estate advisors, our mission is to help you navigate the Emerald Coast market with confidence. In an era of conflicting headlines and national averages, our report offers hyper-local market intelligence you can count on.

We believe that luxury real estate decisions should be driven by clarity, not confusion. That's why we've created this publication - to provide you with the knowledge you need to make strategic, informed choices.

Stay Ahead in the Emerald Coast Market

We invite you to explore this first edition of the Premier Property Group Market Report and discover what's really happening in the Florida Panhandle luxury real estate market.

As always, we welcome your feedback and look forward to guiding you through your unique real estate journey. If you have questions about the data - or are curious how current trends impact your specific goals - our team is here to help.

Contact us today to start the conversation and make your next move along Florida's Emerald Coast with confidence.

May
2

It's not really a surprise that 70% of buyers paused their home search last year. Maybe you were one of them. And if so, no judgment. Conditions just weren't great.

Inventory was too low, prices were too high, and mortgage rates were bouncing all over. That made it really hard to find a home you loved – and could afford. And why sell if you're not sure where you're going to go?

But here's the thing: the market's shifting. And it might be time to hit play again.

The Inventory Sweet Spot

More homeowners are jumping back into their search to make a move this year. Builders are finishing more homes. And together,...

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May
2

Have you seen where mortgage rates have been lately? One day they go down a little. The next day, they go back up again. It can feel confusing and even frustrating if you're trying to decide whether now's a good time to buy a home.

Take a look at the graph below. It uses data from Mortgage News Daily to show that after a relatively stable month of March, mortgage rates have been on a bit of a roller coaster ride in April:

This kind of up-and-down volatility is e...

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July
24

The real estate market along the Emerald Coast is showing signs of resilience.  Throughout the Destin and 30A submarkets, prices are flat to increasing despite lower to flat sales volume (the large increase in sales volume in 30A East is due to the closings in a completed Alys Beach condominium building.)  The combination of stable to growing sales price and lower sales volume is unusual and points to two external forces and one internal force (that is starting to self correct.)  

The two external forces are the return of mortgage rates to normal levels after an extended period of historically low rates and the normal behavior of buyers during presidential election years.  Both of these factors have buyers sitting on the sidelines, one waiting for rates to come down and one waiting for the outc...

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July
24

As we saw in June, July continued the trend of lower year over year volume in the market (Destin to 30A) but with increasing sales prices.  Total sales volume for June 2024 was 25% lower than June 2023. Total sales volume YTD24 is 8% lower than YTD23.  While volume is down, average sales prices increased by 1.3% when comparing June 2024 to June 2023 and increased by approximately 6% from YTD23 to YTD24.  

Normally, those two statistics do not go together (lower sales volume and higher sales prices.)  Last month, we discussed some of the reasons that explain why this is occurring: higher mortgage rates, Presidential election year pauses, and over-priced inventory in the market.  Mortgage rates have not significantly reduced and the Presidential election isn't until November.  If anything, the recent Presidential debate increased the amount of uncertainty.  However, inventory pricing is showing...

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