End of Summer Market Report 2026

Provided by Kathy Justice | Jan 1 – Aug 31, 2026

2026 has been a very active year so far for Perdido Key real estate. Through the first eight months, we’ve seen a significant 47% increase in the number of sales compared with the same period last year. Buyers are actively looking and purchasing, but they are also being thoughtful and selective about where they see value.

From my perspective, one of the most important things to understand about today’s market is that while sales are up overall, that increased activity is not evenly distributed. Some properties and communities are seeing strong buyer interest, while others are taking longer to sell or requiring price adjustments. Price point, property type, location, condition, and overall value are all playing a role in where buyers are choosing to purchase.

I see that firsthand every day. Properties that are priced appropriately and offer the right combination of location, condition, and lifestyle continue to stand out and attract buyers. The numbers in this report provide a helpful look at the bigger picture across Perdido Key, but they don’t tell the whole story.

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Gulf-Front Condominiums

Gulf-front condominiums continued to be a strong part of the Perdido Key market, with 79 sales compared with 62 during the same period in 2025. Average sales prices increased 20%, with some of the strongest growth in activity among larger four and five-bedroom residences.

The biggest shift has been among four-bedroom residences, with sales doubling from the same period last year. Phoenix Perdido has also contributed to the higher-end activity, with multiple pre-construction sales exceeding $2 million.

Intracoastal / River-Front Condominiums

Intracoastal and River-Front condominiums saw an increase in activity, with 23 sales in 2026 compared with 10 sales during the same period in 2025.

Average days on market improved while average sales price remained relatively stable, decreasing just 1%, alongside a significant increase in sales activity.

Lost Key Golf & Beach Club

Lost Key Golf & Beach Club saw stronger sales activity and faster market times, with 52 sales compared with 32 during the same period in 2025.

The increase in activity reflects continued buyer interest in Lost Key’s gated setting, golf lifestyle, waterfront proximity, and variety of property types. At the same time, average sales prices declined 10%, reinforcing the importance of proper pricing and overall value in today’s market.

Single-Family Homes

While the number of sales was slightly lower than the same period last year, properties moved through the market faster, and average sales prices and price per square foot increased.

The stronger pricing and shorter market times point to continued demand for well-positioned single-family homes, particularly those offering desirable locations, conditions, and overall value.

Townhomes

Townhomes also saw increased activity, with 37 sales compared with 23 during the same period in 2025. Properties moved through the market faster, while average sales prices remained relatively stable.

The combination of increased sales and faster market times suggests townhomes continue to offer an attractive balance of value, location, and access to the Perdido Key lifestyle.

Looking Ahead

I always look forward to this time of year in Perdido Key. As we head into fall, the cooler weather and quieter beaches historically bring buyers to the area, and I’m already seeing some positive signs of fall activity. I’m feeling very encouraged about the months ahead, especially with many of our clients continuing to purchase with cash, making interest rates less of a factor in our market.

If you’ve been thinking about buying or selling, fall is a wonderful time to explore your options. I’m always happy to share what I’m seeing, answer your questions, and help you determine what makes the most sense for you.

I’m grateful to work in a place I truly love and to help my clients make the most of their opportunities here in Perdido Key. If you’re curious about what your property is worth or simply want to talk about the market, please don’t hesitate to reach out!

End of Summer Market Report