MARKET REPORT | 2017
Ten Years. A decade is a significant chapter in any story. For us, this past decade was a period of humble beginnings, exceptional growth and the realization of dreams for our clients, our agents and ourselves. When we established Beach Properties of Florida ten years ago, our primary goal was to deliver a higher standard of service to our clients throughout the home purchasing process. To this day, that singular goal drives us. Every listing we take, every transaction we close, every strategic initiative we employ, all is driven by our commitment to exceeding expectations for each and every client. Our core values represent our team both personally and professionally: We are customer focused, we respect each other, we are collaborators, we act with integrity, communication is paramount and our professionalism, enthusiasm and dedication deliver successful results. In 2016, we joined Berkshire Hathaway HomeServices because we identified with their commitment to innovation, their growth strategy and the significance of aligning ourselves with one of the world’s most admired brands. We saw an opportunity to blend our expertise and client-centric approach to real estate with an internationally respected company renowned for its sound business practices and commitment to excellence. Over the past ten years, Beach Properties of Florida has grown substantially, with offices across the Florida Panhandle. So whether you’re looking for a Gulf-front townhouse in Panama City Beach, a rental-ready home along 30A or a quiet family respite on St. George Island, we have the perfect agent to help you find the perfect home. Ten years. Our first chapter is complete, but we have more stories to tell.
Thank You for an Incredible Decade. Hunter Harman
Price Rainer
John David Sullivan
BROKER/OWNER
OWNER
OWNER
CUSTOMER FOCUSED RESPECT COLLABORATORS INTEGRITY PROFESSIONALISM ENTHUSIASM DEDICATION SUCCESSFUL RESULTS COMMITMENT TO INNOVATION
4
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
#
1
BROKERAGE ON 30A 2017 *Transactions and Volume
#
1
BROKERAGE IN SOUTH WALTON FROM SANDESTIN TO INLET BEACH 2017 *Volume
#
1
TEAM ON ST. GEORGE ISLAND 2017 *Volume
28% YEAR OVER YEAR GROWTH 2016 - 2017 *Volume
TOP 50 BROKERAGE WITHIN BERKSHIRE HATHAWAY HOMESERVICES 2016 & 2017 *Gross Commission Income
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
5
HOW’S THE MARKET? We hear that question daily. We analyze the market. We look for trends. We compare changes in key market statistics month over month and year over year. We look for evidence of sustained growth, or loss, and look for examples of inflated growth. We take into account national and regional events that can account for changes in our local market, such as natural disasters or political events. The real estate market has seen dramatic changes over the past ten years, but the data for Northwest Florida’s coastal markets is encouraging. Steady growth rates show a strengthening market, as evidenced by the growing average prices and the reduction in days on the market. So… how’s the market?
Let Us Show You.
#GOODTOKNOW AVERAGE SOLD PRICE : The average sold price of a property. PRICE PER SQUARE FOOT : The average sold price per square foot. AVERAGE DAYS ON MARKET : An average of a property’s cumulative days on the market prior to its sale. NUMBER OF SALES : Total number of residential home sales.
All reporting is based on sales data for Residential, Detached Single Family properties. All information is deemed to be reliable, but is not guaranteed.
30A AVERAGE SOLD PRICE
AVERAGE DAYS ON MARKET
8
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
30A PRICE PER SQUARE FOOT
NUMBER OF SALES
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
9
DESTIN | SANDESTIN | MIRAMAR AVERAGE SOLD PRICE
AVERAGE DAYS ON MARKET
10
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
DESTIN | SANDESTIN | MIRAMAR PRICE PER SQUARE FOOT
NUMBER OF SALES
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
11
PANAMA CITY BEACH AVERAGE SOLD PRICE
AVERAGE DAYS ON MARKET
12
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PANAMA CITY BEACH PRICE PER SQUARE FOOT
NUMBER OF SALES
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
13
ST. GEORGE ISLAND AVERAGE SOLD PRICE
AVERAGE DAYS ON MARKET
14
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
ST. GEORGE ISLAND PRICE PER SQUARE FOOT
NUMBER OF SALES
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
15
30A
“Price is what you pay. Value is what you get.” WARREN BUFFET CEO, BERSHIRE HATHAWAY INC.
16
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
30A 30A OVERALL ROSEMARY BEACH ALYS BEACH WATERSOUND BEACH SEASIDE WATERCOLOR SANTA ROSA BEACH
30A OVERALL 30A
18
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
30A OVERALL
889
1,018
NUMBER OF SALES 20 1 6
NUMBER OF SALES 2017
$
1,111,652
AVERAGE SOLD PRICE 20 1 6
$
403
$
1,216,649
AVERAGE SOLD PRICE 2017
$
426
AVERAGE PRICE PER SQUARE FOOT 20 1 6
AVERAGE PRICE PER SQUARE FOOT 2017
168
164
AVERAGE DAYS ON MARKET 20 1 6
AVERAGE DAYS ON MARKET 2017
96%
96%
PERCENTAGE OF LIST PRICE SOLD 20 1 6
PERCENTAGE OF LIST PRICE SOLD 2017
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
19
ROSEMARY BEACH 30A
20
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
ROSEMARY BEACH
$
48
47
NUMBER OF SALES 20 1 6
NUMBER OF SALES 2017
2,864,562 AVERAGE SOLD PRICE 20 1 6
$
840
$
2,675,913 AVERAGE SOLD PRICE 2017
$
848
AVERAGE PRICE PER SQUARE FOOT 20 1 6
AVERAGE PRICE PER SQUARE FOOT 2017
266
209
AVERAGE DAYS ON MARKET 20 1 6
AVERAGE DAYS ON MARKET 2017
93%
93%
PERCENTAGE OF LIST PRICE SOLD 20 1 6
PERCENTAGE OF LIST PRICE SOLD 2017
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
21
ALYS BEACH 30A
22
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
ALYS BEACH
$
21
25
NUMBER OF SALES 20 1 6
NUMBER OF SALES 2017
2,626,569 AVERAGE SOLD PRICE 20 1 6
$
793
$
2,631,051
AVERAGE SOLD PRICE 2017
$
900
AVERAGE PRICE PER SQUARE FOOT 20 1 6
AVERAGE PRICE PER SQUARE FOOT 2017
113
163
AVERAGE DAYS ON MARKET 20 1 6
AVERAGE DAYS ON MARKET 2017
96%
97%
PERCENTAGE OF LIST PRICE SOLD 20 1 6
PERCENTAGE OF LIST PRICE SOLD 2017
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
23
WATERSOUND BEACH 30A
24
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
WATERSOUND BEACH
$
35
40
NUMBER OF SALES 20 1 6
NUMBER OF SALES 2017
2,188,352
AVERAGE SOLD PRICE 20 1 6
$
612
$
2,792,550 AVERAGE SOLD PRICE 2017
$
686
AVERAGE PRICE PER SQUARE FOOT 20 1 6
AVERAGE PRICE PER SQUARE FOOT 2017
137
200
AVERAGE DAYS ON MARKET 20 1 6
AVERAGE DAYS ON MARKET 2017
96%
95%
PERCENTAGE OF LIST PRICE SOLD 20 1 6
PERCENTAGE OF LIST PRICE SOLD 2017
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
25
WATERCOLOR 30A
26
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
WATERCOLOR
$
108
101
NUMBER OF SALES 20 1 6
NUMBER OF SALES 2017
1,551,315
AVERAGE SOLD PRICE 20 1 6
$
488
$
1,777,021
AVERAGE SOLD PRICE 2017
$
526
AVERAGE PRICE PER SQUARE FOOT 20 1 6
AVERAGE PRICE PER SQUARE FOOT 2017
181
230
AVERAGE DAYS ON MARKET 20 1 6
AVERAGE DAYS ON MARKET 2017
95%
95%
PERCENTAGE OF LIST PRICE SOLD 20 1 6
PERCENTAGE OF LIST PRICE SOLD 2017
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
27
SEASIDE 30A
28
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
SEASIDE
$
12
12
NUMBER OF SALES 20 1 6
NUMBER OF SALES 2017
1,937,500
AVERAGE SOLD PRICE 20 1 6
$
841
$
1,878,583 AVERAGE SOLD PRICE 2017
$
1076
AVERAGE PRICE PER SQUARE FOOT 20 1 6
AVERAGE PRICE PER SQUARE FOOT 2017
272
171
AVERAGE DAYS ON MARKET 20 1 6
AVERAGE DAYS ON MARKET 2017
93%
93%
PERCENTAGE OF LIST PRICE SOLD 20 1 6
PERCENTAGE OF LIST PRICE SOLD 2017
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
29
SANTA ROSA BEACH 30A
30
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
SANTA ROSA BEACH
406
417
NUMBER OF SALES 20 1 6
NUMBER OF SALES 2017
$
308,438
AVERAGE SOLD PRICE 20 1 6
$
152
$
375,587
AVERAGE SOLD PRICE 2017
$
172
AVERAGE PRICE PER SQUARE FOOT 20 1 6
AVERAGE PRICE PER SQUARE FOOT 2017
114
121
AVERAGE DAYS ON MARKET 20 1 6
AVERAGE DAYS ON MARKET 2017
98%
97%
PERCENTAGE OF LIST PRICE SOLD 20 1 6
PERCENTAGE OF LIST PRICE SOLD 2017
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
31
NC
N
NEW CONSTRUCTION SOUTH WALTON
NEW CONSTRUCTION NC
34
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
NEW CONSTRUCTION
268
322
NUMBER OF SALES 20 1 6
NUMBER OF SALES 2017
$
661,807
AVERAGE SOLD PRICE 20 1 6
$
252
$
824,212
AVERAGE SOLD PRICE 2017
$
294
AVERAGE PRICE PER SQUARE FOOT 20 1 6
AVERAGE PRICE PER SQUARE FOOT 2017
109
122
AVERAGE DAYS ON MARKET 20 1 6
AVERAGE DAYS ON MARKET 2017
99%
99%
PERCENTAGE OF LIST PRICE SOLD 20 1 6
PERCENTAGE OF LIST PRICE SOLD 2017
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
35
EC
EMERALD COAST SANDESTIN MIRAMAR BEACH DESTIN
SANDESTIN EC
38
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
SANDESTIN
140
149
NUMBER OF SALES 20 1 6
NUMBER OF SALES 2017
$
695,230
AVERAGE SOLD PRICE 20 1 6
$
265
$
744,936
AVERAGE SOLD PRICE 2017
$
272
AVERAGE PRICE PER SQUARE FOOT 20 1 6
AVERAGE PRICE PER SQUARE FOOT 2017
210
199
AVERAGE DAYS ON MARKET 20 1 6
AVERAGE DAYS ON MARKET 2017
94%
95%
PERCENTAGE OF LIST PRICE SOLD 20 1 6
PERCENTAGE OF LIST PRICE SOLD 2017
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
39
MIRAMAR BEACH EC
40
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
MIRAMAR BEACH
177
187
NUMBER OF SALES 20 1 6
NUMBER OF SALES 2017
$
565,472
AVERAGE SOLD PRICE 20 1 6
$
235
$
639,613
AVERAGE SOLD PRICE 2017
$
251
AVERAGE PRICE PER SQUARE FOOT 20 1 6
AVERAGE PRICE PER SQUARE FOOT 2017
163
171
AVERAGE DAYS ON MARKET 20 1 6
AVERAGE DAYS ON MARKET 2017
96%
96%
PERCENTAGE OF LIST PRICE SOLD 20 1 6
PERCENTAGE OF LIST PRICE SOLD 2017
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
41
DESTIN EC
42
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
DESTIN
441
452
NUMBER OF SALES 20 1 6
NUMBER OF SALES 2017
$
584,897
AVERAGE SOLD PRICE 20 1 6
$
207
$
616,481
AVERAGE SOLD PRICE 2017
$
228
AVERAGE PRICE PER SQUARE FOOT 20 1 6
AVERAGE PRICE PER SQUARE FOOT 2017
155
170
AVERAGE DAYS ON MARKET 20 1 6
AVERAGE DAYS ON MARKET 2017
96%
96%
PERCENTAGE OF LIST PRICE SOLD 20 1 6
PERCENTAGE OF LIST PRICE SOLD 2017
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
43
BC
BAY COUNTY PANAMA CITY BEACH PANAMA CITY
PANAMA CITY BEACH BC
46
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PANAMA CITY BEACH
939
964
NUMBER OF SALES 20 1 6
NUMBER OF SALES 2017
286,628
$
$
AVERAGE SOLD PRICE 20 1 6
$
155
311,591
AVERAGE SOLD PRICE 2017
$
169
AVERAGE PRICE PER SQUARE FOOT 20 1 6
AVERAGE PRICE PER SQUARE FOOT 2017
112
115
AVERAGE DAYS ON MARKET 20 1 6
AVERAGE DAYS ON MARKET 2017
96%
97%
PERCENTAGE OF LIST PRICE SOLD 20 1 6
PERCENTAGE OF LIST PRICE SOLD 2017
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
47
PANAMA CITY BC
48
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PANAMA CITY
1,252
1,397
NUMBER OF SALES 20 1 6
NUMBER OF SALES 2017
$
172,089
AVERAGE SOLD PRICE 20 1 6
$
94
$
196,774
AVERAGE SOLD PRICE 2017
$
107
AVERAGE PRICE PER SQUARE FOOT 20 1 6
AVERAGE PRICE PER SQUARE FOOT 2017
94
85
AVERAGE DAYS ON MARKET 20 1 6
AVERAGE DAYS ON MARKET 2017
97%
97%
PERCENTAGE OF LIST PRICE SOLD 20 1 6
PERCENTAGE OF LIST PRICE SOLD 2017
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
49
FC
FORGOTTEN COAST APALACHICOLA ST. GEORGE ISLAND
APALACHICOLA FC
52
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
APALACHICOLA
44
47
NUMBER OF SALES 20 1 6
NUMBER OF SALES 2017
$
193,353
AVERAGE SOLD PRICE 20 1 6
$
123
$
211,819
AVERAGE SOLD PRICE 2017
$
139
AVERAGE PRICE PER SQUARE FOOT 20 1 6
AVERAGE PRICE PER SQUARE FOOT 2017
135
218
AVERAGE DAYS ON MARKET 20 1 6
AVERAGE DAYS ON MARKET 2017
95%
93%
PERCENTAGE OF LIST PRICE SOLD 20 1 6
PERCENTAGE OF LIST PRICE SOLD 2017
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
53
ST. GEORGE ISLAND FC
54
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
ST. GEORGE ISLAND
92
88
NUMBER OF SALES 20 1 6
NUMBER OF SALES 2017
$
578,747
AVERAGE SOLD PRICE 20 1 6
$
283
$
672,363
AVERAGE SOLD PRICE 2017
$
308
AVERAGE PRICE PER SQUARE FOOT 20 1 6
AVERAGE PRICE PER SQUARE FOOT 2017
115
154
AVERAGE DAYS ON MARKET 20 1 6
AVERAGE DAYS ON MARKET 2017
96%
93%
PERCENTAGE OF LIST PRICE SOLD 20 1 6
PERCENTAGE OF LIST PRICE SOLD 2017
MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
55
LOCALLY KNOWN. NATIONALLY RECOGNIZED. GLOBALLY RESPECTED.
49A WaterColor Way, WaterColor, FL 32459 www.BeachPropertiesFLA.com ©2018 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.® Equal Housing Opportunity.