2017 | St. George Island Market Report | Beach Properties of Florida

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.

ST. GEORGE ISLAND AVERAGE SOLD PRICE

AVERAGE DAYS ON MARKET

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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

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

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LOCALLY KNOWN. NATIONALLY RECOGNIZED. GLOBALLY RESPECTED.

140 W. 1st Street | St. George Island, FL 32328 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.