MARKET REPORT | Q3 2018
2743 SCENI
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1
BROKERAGE IN SOLD LISTINGS ON ST GEORGE ISLAND 2 018 Y TD
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1
BROKERAGE IN APALACHICOLA 2 017 + 2 018 Y TD
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1
TEAM ON ST GEORGE ISLAND 2 006 - 2017 + 2 018 Y TD
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32
RANKING WITHIN 1,350+ BERKSHIRE HATHAWAY HOMESERVICES GLOBAL OFFICES Berkshire Elite Circle 2 016 + 2 017
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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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