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

Avg. Price per Square Foot: $575.14

Avg. 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

Avg. Price per Square Foot: $515.71

Avg. 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!

Posted by Heather Hudson on
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