2019 : Q2 | Forgotten Coast Market Report | Berkshire Hathaway HomeServices Beach Properties of FL

MARKET REPORT | Q2 2019

BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

TOP 3 BROKERAGE ON THE FORGOTTEN COAST 2018 *Volume

TOP 10 BROKERAGE IN BAY COUNTY 2018 *Volume

#

1

BROKERAGE ON 30A 2018 *Volume

#

1

BROKERAGE ON 30A 2018 *Number of Transactions

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

MARKET REPORT Q2 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

3

HOW’S THE MARKET? Hot. And we don’t just mean the weather.

We’re seeing a continuation of growth across the Gulf Coast. Homes are being bought and sold in record numbers. Residences are selling quickly, many times they’re selling before they’ve even hit the market. And all area properties are selling closer to their list price, which makes for happy sellers.

But what does that really mean?

It means that demand for housing is high and there are limited homes to meet the demand. This quarter’s data also shows us that many buyers are preferring to build their dream home rather than wait for it. In certain areas, such as parts of Bay and Gulf Counties, we’ve seen an increase of ‘fixer-upper’ properties as a result of last year’s storm. Price points are very competitive and properties are moving fast - even when they require imagination, renovation and the financial strength to bring their buyers’ vision to life.

Whether you’re searching for your forever home, a vacation property or something somewhere in between, let us help you find the right residence for you. For more than a decade, we’ve helped families buy and sell property across the Florida Panhandle, we’d be honored to help you.

#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 except where noted..

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

207 BAY CITY ROAD

8

MARKET REPORT Q2 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

APALACHICOLA

8

11

9

9

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

Q3 2018

Q4 2018

Q1 2019

Q2 2019

$

204,125

$

285,409

$

177,170

$

213,778

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

Q3 2018

Q4 2018

Q1 2019

Q2 2019

$

140

$

100

$

147

$

153

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

Q3 2018

Q4 2018

Q1 2019

Q2 2019

72

276

142

127

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

ON MARKET

ON MARKET

ON MARKET

ON MARKET

Q3 2018

Q4 2018

Q1 2019

Q2 2019

93%

88%

91%

93%

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

Q3 2018

Q4 2018

Q1 2019

Q2 2019

MARKET REPORT Q2 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

9

ST. GEORGE ISLAND FC

2024 WHELK WAY

10

MARKET REPORT Q2 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

ST. GEORGE ISLAND

26

18

7

26

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

Q3 2018

Q4 2018

Q1 2019

Q2 2019

$

775,807

$

500,713

$

792,143

$

715,942

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

Q3 2018

Q4 2018

Q1 2019

Q2 2019

$

316

$

206

$

353

$

378

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

Q3 2018

Q4 2018

Q1 2019

Q2 2019

191

197

95

132

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

ON MARKET

ON MARKET

ON MARKET

ON MARKET

Q3 2018

Q4 2018

Q1 2019

Q2 2019

94%

89%

94%

95%

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

Q3 2018

Q4 2018

Q1 2019

Q2 2019

MARKET REPORT Q2 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

11

CAPE SAN BLAS FC

775 CAPE SAN BLAS ROAD

12

MARKET REPORT Q2 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

CAPE SAN BLAS

18

11

15

17

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

Q3 2018

Q4 2018

Q1 2019

Q2 2019

$

718,055

$

689,520

$

499,085

$

564,106

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

Q3 2018

Q4 2018

Q1 2019

Q2 2019

$

373

$

158

$

242

$

287

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

Q3 2018

Q4 2018

Q1 2019

Q2 2019

119

206

126

116

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

ON MARKET

ON MARKET

ON MARKET

ON MARKET

Q3 2018

Q4 2018

Q1 2019

Q2 2019

96%

94%

94%

90%

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

Q3 2018

Q4 2018

Q1 2019

Q2 2019

MARKET REPORT Q2 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

13

MEXICO BEACH | ST. JOE BEACH FC

8709 HWY 98 WEST

14

MARKET REPORT Q2 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

MEXICO BEACH | ST. JOE BEACH

35

10

37

33

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

Q3 2018

Q4 2018

Q1 2019

Q2 2019

$

316,985

$

324,891

$

240,760

$

379,884

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

Q3 2018

Q4 2018

Q1 2019

Q2 2019

$

220

$

146

$

155

$

189

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

Q3 2018

Q4 2018

Q1 2019

Q2 2019

60

146

61

49

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

ON MARKET

ON MARKET

ON MARKET

ON MARKET

Q3 2018

Q4 2018

Q1 2019

Q2 2019

97%

97%

90%

94%

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

Q3 2018

Q4 2018

Q1 2019

Q2 2019

MARKET REPORT Q2 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

15

PORT ST. JOE FC

2101 JUNIPER AVENUE

16

MARKET REPORT Q2 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

PORT ST. JOE

25

17

28

42

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

Q3 2018

Q4 2018

Q1 2019

Q2 2019

$

184,796

$

170,765

$

162,098

$

173,977

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

Q3 2018

Q4 2018

Q1 2019

Q2 2019

$

130

$

82

$

101

$

111

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

AVERAGE PRICE PER

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

SQUARE FOOT

Q3 2018

Q4 2018

Q1 2019

Q2 2019

70

94

56

47

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

AVERAGE DAYS

ON MARKET

ON MARKET

ON MARKET

ON MARKET

Q3 2018

Q4 2018

Q1 2019

Q2 2019

95%

89%

92%

92%

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

PERCENTAGE OF

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

LIST PRICE SOLD

Q3 2018

Q4 2018

Q1 2019

Q2 2019

MARKET REPORT Q2 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

17

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.