2019 : Q1 | Panama City Market Report | Berkshire Hathaway HomeServices Beach Properties of FL

MARKET REPORT | Q1 2019

163 GULF SHORE DRIVE

BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

TOP 10 BROKERAGE IN BAY COUNTY 2018 *Volume

#

1

BROKERAGE ON 30A 2018 *Volume

#

1

BROKERAGE ON 30A 2018 *Number of Transactions

TOP 3 BROKERAGE ON THE FORGOTTEN COAST 2018 *Volume

TOP 50 BROKERAGE WITHIN BERKSHIRE HATHAWAY HOMESERVICES 2016 + 2017 + 2018

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

3

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.

BC

BAY COUNTY PANAMA CITY BEACH CONDOS PANAMA CITY BEACH PANAMA CITY

PANAMA CITY BEACH CONDOS BC

11807 FRONT BEACH ROAD | 2204

8

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

PANAMA CITY BEACH CONDOS

489

424

242

312

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

Q2 2018

Q3 2018

Q4 2018

Q1 2019

$

261,972

$

272,780

$

305,613

$

277,695

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

Q2 2018

Q3 2018

Q4 2018

Q1 2019

$

232

$

233

$

247

$

236

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

98

97

63

73

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

ON MARKET

ON MARKET

ON MARKET

ON MARKET

Q2 2018

Q3 2018

Q4 2018

Q1 2019

97%

97%

97%

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

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PANAMA CITY BEACH BC

14106 MILLCOLE AVENUE

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

PANAMA CITY BEACH

248

255

176

212

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

Q2 2018

Q3 2018

Q4 2018

Q1 2019

$

359,856

$

378,293

$

359,955

$

344,679

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

Q2 2018

Q3 2018

Q4 2018

Q1 2019

$

186

$

196

$

200

$

191

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

70

81

89

68

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

ON MARKET

ON MARKET

ON MARKET

ON MARKET

Q2 2018

Q3 2018

Q4 2018

Q1 2019

97%

97%

97%

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

11

PANAMA CITY BC

2409 PRETTY BAYOU ISLAND DRIVE

12

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

PANAMA CITY

413

431

155

423

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

Q2 2018

Q3 2018

Q4 2018

Q1 2019

$

202,870

$

209,024

$

195,159

$

183,816

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

Q2 2018

Q3 2018

Q4 2018

Q1 2019

$

112

$

118

$

109

$

103

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

69

60

66

50

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

ON MARKET

ON MARKET

ON MARKET

ON MARKET

Q2 2018

Q3 2018

Q4 2018

Q1 2019

97%

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

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15750 Panama City Beach Pkwy., Unit 140 | Panama City Beach, FL 32459 www.PCB.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.