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MARKET REPORT | Q1 2019


163 GULF SHORE DRIVE


BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

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1

BROKERAGE ON 30A 2018 *Volume

#

1

BROKERAGE ON 30A 2018 *Number of Transactions

TOP 10 BROKERAGE IN BAY COUNTY 2018 *Volume

TOP 3 BROKERAGE ON THE FORGOTTEN COAST 2018 *Volume

TOP 50 BROKERAGE WITHIN BERKSHIRE HATHAWAY HOMESERVICES 2016 +2017 + 2018 *Gross Commission Income

MARKET REPORT Q1 2019 | 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 latest 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.


30A

6

MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


30A 30A OVERALL ROSEMARY BEACH ALYS BEACH WATERSOUND BEACH SEASIDE WATERCOLOR SANTA ROSA BEACH


30A OVERALL 30A

118 SCRUB OAK CIRCLE

8

MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


30A OVERALL

289

236

288

201

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

Q2 2018

Q3 2018

Q4 2018

Q1 2019

1,250,950

$

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

Q2 2018

Q3 2018

Q4 2018

Q1 2019

$

$

454

1,190,065

$

423

$

1,149,817

$

454

$

1,158,545

$

416

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

Q2 2018

Q3 2018

Q4 2018

Q1 2019

175

142

165

164

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

ON MARKET

ON MARKET

ON MARKET

ON MARKET

Q2 2018

Q3 2018

Q4 2018

Q1 2019

96%

96%

96%

96%

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

Q2 2018

Q3 2018

Q4 2018

Q1 2019

MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

9


ROSEMARY BEACH 30A

63 JOHNSTOWN LANE

10

MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


ROSEMARY BEACH

$

10

11

12

6

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

Q2 2018

Q3 2018

Q4 2018

Q1 2019

2,169,550 $2,452,599 $2,535,667 $3,303,333

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

Q2 2018

Q3 2018

Q4 2018

Q1 2019

$

744

$

690

$

787

$

1,112

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

Q2 2018

Q3 2018

Q4 2018

Q1 2019

290

102

226

150

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

ON MARKET

ON MARKET

ON MARKET

ON MARKET

Q2 2018

Q3 2018

Q4 2018

Q1 2019

95%

95%

93%

95%

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

Q2 2018

Q3 2018

Q4 2018

Q1 2019

MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

11


ALYS BEACH 30A

11 MOONGATE COURT

12

MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


ALYS BEACH

7

6

7

1

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

Q2 2018

Q3 2018

Q4 2018

Q1 2019

$

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

Q2 2018

Q3 2018

Q4 2018

Q1 2019

$

921

4,014,167

2,888,382 $3,510,000

2,976,934

$

$

1,164

$

$

948

$

1,006

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

Q2 2018

Q3 2018

Q4 2018

Q1 2019

125

214

121

434

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

ON MARKET

ON MARKET

ON MARKET

ON MARKET

Q2 2018

Q3 2018

Q4 2018

Q1 2019

98%

92%

98%

86%

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

Q2 2018

Q3 2018

Q4 2018

Q1 2019

MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

13


WATERSOUND BEACH 30A

232 EAST YACHT POND LANE

14

MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


WATERSOUND BEACH

$

6

6

8

12

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

Q2 2018

Q3 2018

Q4 2018

Q1 2019

2,752,333 $1,364,833 $2,277,750 $2,884,583

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

Q2 2018

Q3 2018

Q4 2018

Q1 2019

$

788

$

683

$

714

$

740

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

Q2 2018

Q3 2018

Q4 2018

Q1 2019

138

309

118

123

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

ON MARKET

ON MARKET

ON MARKET

ON MARKET

Q2 2018

Q3 2018

Q4 2018

Q1 2019

96%

97%

95%

95%

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

Q2 2018

Q3 2018

Q4 2018

Q1 2019

MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

15


SEASIDE 30A

2418 EAST COUNTY HIGHWAY 30A

16

MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


SEASIDE

$

10

2

6

4

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

Q2 2018

Q3 2018

Q4 2018

Q1 2019

1,570,390 $1,562,000 $1,600,000 $1,660,000

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

Q2 2018

Q3 2018

Q4 2018

Q1 2019

$

959

$

689

$

756

$

1,021

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

Q2 2018

Q3 2018

Q4 2018

Q1 2019

175

457

108

51

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

ON MARKET

ON MARKET

ON MARKET

ON MARKET

Q2 2018

Q3 2018

Q4 2018

Q1 2019

96%

92%

93%

97%

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

Q2 2018

Q3 2018

Q4 2018

Q1 2019

MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

17


WATERCOLOR 30A

46 PINE NEEDLE WAY

18

MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


WATERCOLOR

$

29

27

19

6

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

Q2 2018

Q3 2018

Q4 2018

Q1 2019

1,745,310

$

1,693,048 $1,697,526

$

1,968,167

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

Q2 2018

Q3 2018

Q4 2018

Q1 2019

$

527

$

504

$

556

$

522

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

Q2 2018

Q3 2018

Q4 2018

Q1 2019

232

211

178

163

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

ON MARKET

ON MARKET

ON MARKET

ON MARKET

Q2 2018

Q3 2018

Q4 2018

Q1 2019

94%

96%

96%

93%

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

Q2 2018

Q3 2018

Q4 2018

Q1 2019

MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

19


SANTA ROSA BEACH 30A

28 BLUFF LANE

20

MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


SANTA ROSA BEACH

112

90

114

98

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

Q2 2018

Q3 2018

Q4 2018

Q1 2019

$

398,187

$

414,535

$

369,751

$

368,022

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

Q2 2018

Q3 2018

Q4 2018

Q1 2019

$

183

$

187

$

174

$

172

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

Q2 2018

Q3 2018

Q4 2018

Q1 2019

128

135

120

110

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

ON MARKET

ON MARKET

ON MARKET

ON MARKET

Q2 2018

Q3 2018

Q4 2018

Q1 2019

98%

98%

97%

98%

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

Q2 2018

Q3 2018

Q4 2018

Q1 2019

MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

21


NC

N


NEW CONSTRUCTION SOUTH WALTON


NEW CONSTRUCTION NC

565 FLATWOODS FOREST LOOP 24

MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


NEW CONSTRUCTION

159

99

89

96

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

Q2 2018

Q3 2018

Q4 2018

Q1 2019

$

894,805

$

794,948

$

1,004,320

$

754,576

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

Q2 2018

Q3 2018

Q4 2018

Q1 2019

$

306

$

292

$

316

$

258

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

Q2 2018

Q3 2018

Q4 2018

Q1 2019

187

145

175

144

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

ON MARKET

ON MARKET

ON MARKET

ON MARKET

Q2 2018

Q3 2018

Q4 2018

Q1 2019

99%

99%

98%

99%

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

Q2 2018

Q3 2018

Q4 2018

Q1 2019

MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

25


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49A WaterColor Way, WaterColor, FL 32459 www.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.

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