Real Estate Blog

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!