Shalimar Point Real Estate Market Report - January 2026
MLS Data Compiled by Jim Whatley, Uber Realty | Licensed FL Broker #BK3174026
EXECUTIVE SUMMARY
Shalimar Point inventory remains limited in February 2026 with only 4 active listings averaging $234 per square foot and 103 days on market. With no recorded sales in the past 36 days and zero pending contracts, this established waterfront community near Eglin Air Force Base is experiencing a market pause, creating potential opportunities for buyers willing to negotiate on homes that have been listed for over three months.
MARKET SNAPSHOT TABLE
| Metric | January 2026 |
|---|---|
| Active Listings | 4 |
| Pending Sales | 0 |
| Closed Sales (36 days) | 0 |
| Median List Price | $444,500 |
| Average $/SqFt | $234.01 |
| Average DOM | 103 |
| Price Range | $430,500 - $489,000 |
(No comparative data available - baseline report)
INVENTORY ANALYSIS
Shalimar Point currently has 4 active single-family home listings as of February 5, 2026, representing severely constrained inventory in this mature Shalimar neighborhood. The available homes range from $430,500 to $489,000, with an average asking price of $452,125. All four properties feature 3-bedroom, 2-bathroom configurations and were built between 1988 and 1995, reflecting the subdivision's established character.
The homes average 1,936 heated square feet, with sizes ranging from 1,737 to 2,060 square feet. This narrow inventory band suggests limited options for buyers seeking either smaller starter homes or larger executive properties in Shalimar Point. The smallest available home at 924 Shalimar Point Drive (1,737 sqft) is priced at $247.84 per square foot, while the largest at 946 Shalimar Point Drive (2,060 sqft) asks $237.38 per square foot.
With zero sales recorded in the past 36 days and no pending contracts, this ultra-low inventory level indicates either a seasonal slowdown or pricing misalignment. Sellers maintain control of available inventory, but the extended time on market suggests room for buyer negotiation.
PRICING TRENDS
Shalimar Point homes are currently listed at an average of $234.01 per square foot in February 2026, with the median asking price at $444,500. The price range spans $58,500 from the low of $430,500 to the high of $489,000, representing a 13.6% spread across the four available properties.
Price per square foot varies from $222.66 to $247.84, with newer construction (1995) commanding the highest per-square-foot premium at $247.84 despite being the smallest home in the active inventory. The oldest home in the dataset, built in 1988 at 901 Shalimar Cove, asks the lowest per-square-foot price at $222.66 but demands $450,000 due to its larger 2,021 square-foot footprint.
Without recent closed sales data, list-to-sale price ratios cannot be calculated for February 2026. However, the 103-day average time on market suggests that current asking prices may exceed what buyers are willing to pay in the present market conditions. The absence of any sales activity over the past 36 days indicates that pricing strategies may need adjustment to generate buyer interest in this desirable Shalimar location.
DAYS ON MARKET ANALYSIS
Active listings in Shalimar Point have spent an average of 103 days on market as of February 5, 2026, with cumulative days on market matching at 103 days, indicating no significant price reductions have occurred. Individual properties range from 85 to 127 days listed, with the longest-listed home at 915 Shalimar Point Drive now entering its fifth month on market at $439,000.
The extended marketing periods suggest a slower market environment where sellers are holding firm on pricing while buyers remain cautious. Three of the four active listings have exceeded 98 days on market, entering the timeframe where motivated sellers typically consider price adjustments. The newest listing at 946 Shalimar Point Drive, active for 85 days at $489,000, represents the highest-priced offering in the subdivision.
With zero closed sales recorded over the past 36 days, no comparison between active listing DOM and sold property DOM is possible. This sales drought combined with extended listing periods indicates Shalimar Point is experiencing either seasonal market slowdown typical of late winter or fundamental pricing resistance from the buyer pool.
MARKET TEMPERATURE
Shalimar Point is currently experiencing a transitional market in February 2026, showing characteristics between a buyer's market and a stalled market. With only 4 active listings and zero sales activity over 36 days, the market lacks both robust inventory and transaction velocity. The 103-day average days on market significantly exceeds the typical 30-60 day range seen in balanced markets, indicating price resistance.
Buyers have negotiating leverage due to extended listing periods and no competing offers, while sellers maintain leverage through scarce inventory. This standoff suggests neither party is willing to adjust expectations, creating a market pause rather than an active buyer's or seller's market.
EXPERT COMMENTARY
According to Jim Whatley, licensed Florida broker with 19 years in the Niceville and Shalimar markets, "Shalimar Point is experiencing what I call a 'waiting game' market in early 2026. With homes sitting for over three months without sales activity, we're seeing a disconnect between seller expectations and buyer willingness to pay. This isn't unusual for waterfront-adjacent neighborhoods near Eglin AFB during the winter months when military PCS season hasn't yet kicked in."
Whatley notes that Shalimar Point's appeal remains strong due to its proximity to Eglin Air Force Base, excellent Okaloosa County schools, and waterfront access without the premium pricing of direct bayfront properties. "Buyers who move now will find motivated sellers after 100+ days on market. I'd expect 5-10% negotiation room on these listings, particularly if you're pre-approved and can close quickly," Whatley advises.
Looking ahead, Whatley predicts increased activity in March and April as military transfer season begins and snowbirds return to make purchase decisions. "These asking prices around $234 per square foot are reasonable for Shalimar Point's location and home quality. The market isn't overpriced—it's just waiting for the right buyers to arrive. Sellers who price competitively now will capture early-season demand before spring inventory floods the market."
DATA SOURCE & METHODOLOGY
This report analyzes MLS data for Shalimar Point in Shalimar, Florida, covering listings active as of February 5, 2026, and transactions within the preceding 36 days. Data includes all detached single-family home listings with 'Active,' 'Pending,' 'Sold,' and 'Coming Soon' status in the Shalimar Point subdivision. This baseline report establishes February 2026 market conditions for future monthly comparisons. Compiled by Uber Realty, licensed Florida brokerage (BK3174026) serving Niceville, Shalimar, Fort Walton Beach, and surrounding Okaloosa County communities since 2007.
