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MARKET REPORT | 2018


Gratitude. Looking back on 2018, the recurring theme of our year-end discussions was that of gratitude. Some may find that surprising in the aftermath of Hurricane Michael, so let us explain. We serve the areas that bravely faced Hurricane Michael, the most catastrophic storm to hit Northwest Florida. The panhandle is known for its small towns and Southern hospitality; we are a close-knit community and together, we have felt this storm’s impact each and every day. We feel shock and disbelief when seeing the extent of the storm’s reach. We feel humbled attending a standing room only workship service in a severely damaged church. We feel hopeful when we see Christmas lights and decorations in Mexico Beach. We feel proud to be a part of these exceptional communities where hope shines so brightly. Our gratitude is limitless. Gratitude for those who have bravely kept our communities safe; those who have selflessly served the needs of others; those who have tirelessly worked to bring normalcy back to these beautiful towns; and for those who are passionate and unwavering in their resolve to restore and rebuild our beloved communities. There is joy. There is hope. There is a great sense of anticipation as we begin to conceptualize what comes next. The future of Northwest Florida has opportunities without limits and we are embarking on a new and exciting chapter for our beloved panhandle that will strengthen and connect us like never before. We are honored to call this slice of heaven home. Many of us have called it home for a lifetime and it is home to us in every sense of the word. We are grateful for the privilege of serving you and we’re excited to welcome you home to our resilient, vibrant and extraordinary Gulf Coast.

Hunter Harman

Price Rainer

John David Sullivan

BROKER/OWNER

OWNER

OWNER


CUSTOMER FOCUSED RESPECT COLLABORATORS INTEGRITY PROFESSIONALISM ENTHUSIASM DEDICATION SUCCESSFUL RESULTS COMMITMENT TO INNOVATION

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MARKET REPORT 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

#

1

TEAM ON THE FORGOTTEN COAST 2018 *Volume

TOP 3 BROKERAGE ON THE FORGOTTEN COAST 2018 *Volume

#

1

BROKERAGE ON 30A 2018 *Number of Transactions

TOP 10 BROKERAGE IN BAY COUNTY 2018 *Volume

TOP 50 BROKERAGE WITHIN BERKSHIRE HATHAWAY HOMESERVICES 2016 & 2017 *Gross Commission Income

MARKET REPORT 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

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HOW’S THE MARKET? In demand. Looking at this past year’s data we’ve seen a continuation of several trends. Across all Gulf Coast markets, demand for housing is high. Residential properties are selling quickly and many times with multiple offers on the table. The demand for housing exceeds supply and with that, price points continue to rise. The turn-key readiness of a home is more appealing to buyers, but properties requiring improvement still command competitive prices but may sit longer on the market. Premium homes, fixer-uppers and houses sustaining damage are all in demand across the coast. We have carefully analyzed trends across the entire Gulf Coast and have outlined these results for you in our 2018 market review. This analysis shows key metrics for our markets, but you may have additional questions about specific communities, properties and projections for the coming year. For more than a decade, we’ve helped families buy and sell property across the Florida Panhandle and would be honored to assist you with your real estate needs.


#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. New construction data is based on homes built between 2017-2018 and sold in 2018. All information is deemed to be reliable, but is not guaranteed.


FORGOTTEN COAST AVERAGE SOLD PRICE

AVERAGE DAYS ON MARKET

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MARKET REPORT 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


FORGOTTEN COAST PRICE PER SQUARE FOOT

NUMBER OF SALES

MARKET REPORT 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

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FC


FORGOTTEN COAST APALACHICOLA ST. GEORGE ISLAND CAPE SAN BLAS MEXICO BEACH / ST. JOE BEACH PORT ST. JOE


APALACHICOLA FC

40 NORTH MYRTLE STREET

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MARKET REPORT 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


APALACHICOLA

15

16

8

11

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

Q1 2018

Q2 2018

Q3 2018

Q4 2018

$

318,435

$

285,053

$

204,125

$

285,409

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

Q1 2018

Q2 2018

Q3 2018

Q4 2018

168

$

$

171

$

140

$

100

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

Q1 2018

Q2 2018

Q3 2018

Q4 2018

102

186

72

276

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

ON MARKET

ON MARKET

ON MARKET

ON MARKET

Q1 2018

Q2 2018

Q3 2018

Q4 2018

94%

98%

93%

88%

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

Q1 2018

Q2 2018

Q3 2018

Q4 2018

MARKET REPORT 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

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ST. GEORGE ISLAND FC

1328 ACACIA DRIVE

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MARKET REPORT 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


ST. GEORGE ISLAND

31

29

26

18

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

Q1 2018

Q2 2018

Q3 2018

Q4 2018

$

729,316

$

562,294

$

775,807

$

500,713

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

Q1 2018

Q2 2018

Q3 2018

Q4 2018

$

310

$

266

$

316

$

206

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

Q1 2018

Q2 2018

Q3 2018

Q4 2018

172

123

191

197

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

ON MARKET

ON MARKET

ON MARKET

ON MARKET

Q1 2018

Q2 2018

Q3 2018

Q4 2018

93%

94%

94%

89%

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

Q1 2018

Q2 2018

Q3 2018

Q4 2018

MARKET REPORT 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

15


CAPE SAN BLAS FC

2648 INDIAN PASS ROAD

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MARKET REPORT 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


CAPE SAN BLAS

20

22

18

11

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

Q1 2018

Q2 2018

Q3 2018

Q4 2018

$

574,738

$

693,609

$

718,055

$

689,520

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

Q1 2018

Q2 2018

Q3 2018

Q4 2018

$

295

$

320

$

373

$

158

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

Q1 2018

Q2 2018

Q3 2018

Q4 2018

139

100

119

206

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

ON MARKET

ON MARKET

ON MARKET

ON MARKET

Q1 2018

Q2 2018

Q3 2018

Q4 2018

94%

96%

96%

94%

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

Q1 2018

Q2 2018

Q3 2018

Q4 2018

MARKET REPORT 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

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MEXICO BEACH FC

244 WATERMARK WAY

18

MARKET REPORT 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


MEXICO BEACH | ST. JOE BEACH

19

37

35

10

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

Q1 2018

Q2 2018

Q3 2018

Q4 2018

$

416,987

$

343,767

$

316,985

$

324,891

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

Q1 2018

Q2 2018

Q3 2018

Q4 2018

$

260

$

237

$

220

$

146

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

Q1 2018

Q2 2018

Q3 2018

Q4 2018

67

82

60

146

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

ON MARKET

ON MARKET

ON MARKET

ON MARKET

Q1 2018

Q2 2018

Q3 2018

Q4 2018

98%

97%

97%

97%

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

Q1 2018

Q2 2018

Q3 2018

Q4 2018

MARKET REPORT 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

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PORT ST. JOE FC

1292 COUNTRY CLUB ROAD

20

MARKET REPORT 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


PORT ST. JOE

25

37

25

17

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

Q1 2018

Q2 2018

Q3 2018

Q4 2018

$

204,140

$

222,385

$

184,796

$

170,765

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

Q1 2018

Q2 2018

Q3 2018

Q4 2018

140

$

$

141

$

130

$

82

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

Q1 2018

Q2 2018

Q3 2018

Q4 2018

58

47

70

94

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

ON MARKET

ON MARKET

ON MARKET

ON MARKET

Q1 2018

Q2 2018

Q3 2018

Q4 2018

98%

96%

95%

89%

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

Q1 2018

Q2 2018

Q3 2018

Q4 2018

MARKET REPORT 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

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LOCALLY KNOWN. NATIONALLY RECOGNIZED. GLOBALLY RESPECTED.

140 West 1st Street, St. George Island, FL 32328 200 Reid Avenue, Port St. Joe, FL 32456 www.SGI.BeachPropertiesFLA.com ©2019 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.

2018 | Forgotten Coast Market Report | Berkshire Hathaway HomeServices Beach Properties of FL  

Your invaluable guide to the market trends and key statistics for Forgotten Coast real estate in Apalachicola, Cape San Blas, St. George Isl...

2018 | Forgotten Coast Market Report | Berkshire Hathaway HomeServices Beach Properties of FL  

Your invaluable guide to the market trends and key statistics for Forgotten Coast real estate in Apalachicola, Cape San Blas, St. George Isl...

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