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MARKET REPORT | Q3 2018


2743 SCENI


#

1

BROKERAGE IN SOLD LISTINGS ON ST GEORGE ISLAND 2 018 Y TD

#

1

BROKERAGE IN APALACHICOLA 2 017 + 2 018 Y TD

#

1

TEAM ON ST GEORGE ISLAND 2 006 - 2017 + 2 018 Y TD

#

32

RANKING WITHIN 1,350+ BERKSHIRE HATHAWAY HOMESERVICES GLOBAL OFFICES Berkshire Elite Circle 2 016 + 2 017

#

502

RANKING ON SWANEPOEL MEGA 1000 LIST TOP PRODUCING NORTH AMERICAN BROKERAGES 2 017

VIRIDIAN C HIGHWAY 30A


HOW’S THE MARKET? Our third quarter data shows the strength of the Gulf Coast markets. We saw a reduction in inventory (fewer homes on the market) and a greater urgency in homebuyers’ purchasing timelines. Homebuyers sought to contract quickly, before prices rise and weaken their investment. Homeowners wanting to sell are faced with balancing their desire to maximize their return with a trend of decreasing average days on market. This trend makes quarterly reporting a valuable component to a thorough understanding of the current cycle. There are countless opportunities available to those interested in investing, full-time ownership or building new along the Gulf Coast. If you have questions about the market, trends or your goals, give us a call. We’d love to share our insight with you and help you make a wiser, more informed decision about investing in Florida’s Gulf Coast.

So… how’s the market?  Let’s take a look.


#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. PERCENTAGE OF LIST PRICE SOLD : The percentage of the home’s original list price compared to its final sold price. All reporting is based on sales data for Residential, Detached Single Family properties with the exception of Panama City Beach condos. All information is deemed to be reliable, but is not guaranteed.


FC


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


APALACHICOLA FC

94 5TH STREET

8

MARKET REPORT Q3 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


APALACHICOLA

9

15

16

8

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

Q4 2017

Q1 2018

Q2 2018

Q3 2018

$

128,111

$

318,435

$

285,053

$

204,125

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

Q4 2017

Q1 2018

Q2 2018

Q3 2018

168

$

$

81

$

171

$

140

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

Q4 2017

Q1 2018

Q2 2018

Q3 2018

323

102

186

72

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

ON MARKET

ON MARKET

ON MARKET

ON MARKET

Q4 2017

Q1 2018

Q2 2018

Q3 2018

89%

94%

98%

93%

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

Q4 2017

Q1 2018

Q2 2018

Q3 2018

MARKET REPORT Q3 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

9


ST. GEORGE ISLAND FC

1328 ACACIA DRIVE

10

MARKET REPORT Q3 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


ST. GEORGE ISLAND

14

31

29

26

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

Q4 2017

Q1 2018

Q2 2018

Q3 2018

$

660,607

$

729,316

$

562,294

$

775,807

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

Q4 2017

Q1 2018

Q2 2018

Q3 2018

$

296

$

310

$

266

$

316

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

Q4 2017

Q1 2018

Q2 2018

Q3 2018

155

172

123

191

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

ON MARKET

ON MARKET

ON MARKET

ON MARKET

Q4 2017

Q1 2018

Q2 2018

Q3 2018

91%

93%

94%

94%

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

Q4 2017

Q1 2018

Q2 2018

Q3 2018

MARKET REPORT Q3 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

11


CAPE SAN BLAS FC

198 CLUB DRIVE

12

MARKET REPORT Q3 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


CAPE SAN BLAS

15

20

22

18

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

Q4 2017

Q1 2018

Q2 2018

Q3 2018

$

626,600

$

574,738

$

693,609

$

718,055

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

Q4 2017

Q1 2018

Q2 2018

Q3 2018

$

314

$

295

$

320

$

373

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

Q4 2017

Q1 2018

Q2 2018

Q3 2018

228

139

100

119

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

ON MARKET

ON MARKET

ON MARKET

ON MARKET

Q4 2017

Q1 2018

Q2 2018

Q3 2018

94%

94%

96%

96%

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

Q4 2017

Q1 2018

Q2 2018

Q3 2018

MARKET REPORT Q3 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

13


MEXICO BEACH FC

8709 HIGHWAY 98

14

MARKET REPORT Q3 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


MEXICO BEACH | ST. JOE BEACH

27

19

37

35

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

Q4 2017

Q1 2018

Q2 2018

Q3 2018

$

321,688

$

416,987

$

343,767

$

316,985

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

Q4 2017

Q1 2018

Q2 2018

Q3 2018

$

196

$

260

$

237

$

220

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

Q4 2017

Q1 2018

Q2 2018

Q3 2018

97

67

82

60

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

ON MARKET

ON MARKET

ON MARKET

ON MARKET

Q4 2017

Q1 2018

Q2 2018

Q3 2018

94%

98%

97%

97%

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

Q4 2017

Q1 2018

Q2 2018

Q3 2018

MARKET REPORT Q3 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

15


PORT ST. JOE FC

104 GOLDFISH COURT

16

MARKET REPORT Q3 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


PORT ST. JOE

16

25

37

25

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

Q4 2017

Q1 2018

Q2 2018

Q3 2018

$

172,271

$

204,140

$

222,385

$

184,796

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

Q4 2017

Q1 2018

Q2 2018

Q3 2018

140

$

$

125

$

141

$

130

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

Q4 2017

Q1 2018

Q2 2018

Q3 2018

52

58

47

70

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

ON MARKET

ON MARKET

ON MARKET

ON MARKET

Q4 2017

Q1 2018

Q2 2018

Q3 2018

96%

98%

96%

95%

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

Q4 2017

Q1 2018

Q2 2018

Q3 2018

MARKET REPORT Q3 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

17


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140 West 1st Street, St. George Island, FL 32328 www.SGI.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.

2018 : Q3 | Forgotten Coast Market Report | Berkshire Hathaway HomeServices Beach Properties of FL  

2018 : Q3 | Forgotten Coast Market Report | Berkshire Hathaway HomeServices Beach Properties of FL  

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