Sandestin & Miramar Beach Real Estate Report (Q3 2023)
Let's dive into the market activity for the last quarter of 2023 for Sandestin and Miramar Beach.
Sandestin Highlights:
Number of Sales: 56
Average Sales Price: $850,000
Average Price per Square Foot: $575.14
Average Days on Market: 66
Percentage of List Price: 94%
Properties on Market: 223
Miramar Beach Insights (excluding Sandestin):
Number of Sales: 70
Average Sales Price: $703,000
Average Price per Square Foot: $515.71
Average Days on Market: 69
Percentage of List Price: 95%
The Numbers Game: The area of Miramar Beach saw a bit higher number of closed deals, with 70 sales, while Sandestin boasts a higher average sales price at $850,000.
Pricing Palette: Miramar Beach averages $703,000 in sales price, with a price per square foot of $515.71. Sandestin, on the other hand, commands a bit higher at $850,000 and $575.14, respectively.
Market Tempo: A consistent average of 66-69 days on the market. In a nutshell, whether you're eyeing a property within the resort or outside of its gate, the real estate market offers diverse opportunities.
Stay tuned for more updates on the coastal housing scene!
