2020 | Forgotten Coast Annual Market Report | Berkshire Hathaway HomeServices

2020 ANNUAL MARKET REPORT

INSPIRE Living along the world’s most beautiful beaches, every day is filled with promise. It seems as though the Gulf of Mexico is an endless source of inspiration for many, bringing with it the courage, clarity and insight to bring about change and find innovative new avenues to explore.

Inspiration comes in many forms yet it carries over into every aspect of our lives. What inspires us professionally may give rise to a new change in our mindset that allows other areas of our lives to flourish. In the same regard, and what has happened to so many local residents, is that one trip to the beach inspires us to make our dream coastal lifestyle a reality.

As we reflect on the past decade, Inspire was the word that kept coming to mind. People were inspired to move to the coast and the numbers certainly reflect that! Families that only dreamed about living at their favorite beach found an opportunity to work remotely. Early retirement became a reality for couples seeking the warmth of the Florida panhandle. Investment-minded individuals made the decision to invest in rental properties, that would eventually become their full-time home.

This swell in population has given rise to influential changes across the board.

From design to architecture to the coastal lifestyle we all love here at the beach, there has a dramatic transformation over the past ten years and it’s exciting to witness. We are a collection of inspirations here along the coast - 30A, Destin, Panama City Beach, the Forgotten Coast - and the future looks just as impressive.

What inspires you? Is it the sound of crashing waves or the feel of the sugarwhite sand beneath your feet? Is it being able to leave the hustle and bustle of city life behind as you slip on your ‘fancy’ flip flops to wear to dinner? Is it the feeling of joy you experience at seeing your children love the Gulf of Mexico as you do? Or is the solitude of a quiet beach at sunrise as you start another spectacular day here on the coast?

Here at Berkshire Hathaway HomeServices Beach Properties of Florida, we find inspiration in our people - our clients, our colleagues and our local communities. We are eternally grateful for the opportunity to live where do and we’re passionate about sharing why our coastal towns are so extraordinary.

Let’s make 2021 the year we find your coastal inspiration.

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MARKET REPORT 2020 2018 || BERKSHIRE BERKSHIRE HATHAWAY HATHAWAY HOMESERVICES HOMESERVICES BEACH BEACH PROPERTIES PROPERTIES OF OF FLORIDA FLORIDA

BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA #

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LISTING BROKERAGE ON 30A 2020 *Transactions

TOP 5 LISTING BROKERAGE IN PANAMA CITY BEACH 2020 *Transactions & Volume

TOP 3 BROKERAGE ON THE FORGOTTEN COAST 2020 *Transactions & Volume

TOP 50 BROKERAGE WITHIN BERKSHIRE HATHAWAY HOMESERVICES WORLDWIDE 2016, 2017, 2018, 2019

OVER $1 BILLION IN ANNUAL SALES VOLUME 2020

MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

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FC

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

APALACHICOLA FC

82 6TH STREET

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MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

PERCENTAGE OF LIST PRICE SOLD

AVERAGE DAYS ON MARKET

AVERAGE PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

NUMBER OF SALES

APALACHICOLA

$

35

49

2019

2020

216,519

$

291,980 2020

2019

$

158

$

172

2019

2020

133

101

2019

2020

93%

92%

2019

2020

40%

35%

9%

24%

1%

MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

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ST. GEORGE ISLAND FC

1916 NAUTILUS DRIVE

10

MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

143

2019

2020

694,687

$

839,044 2020

2019

$

336

$

362

2019

2020

AVERAGE DAYS ON MARKET

$

75

131

143

2019

2020

PERCENTAGE OF LIST PRICE SOLD

AVERAGE PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

NUMBER OF SALES

ST. GEORGE ISLAND

95%

90%

2019

2020

91%

21%

8%

9%

5%

MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

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CAPE SAN BLAS FC

3537 CAPE SAN BLAS ROAD

12

MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

64

2019

2020

675,645

$

724,811 2020

2019

$

316

$

386

2019

2020

AVERAGE DAYS ON MARKET

$

36

126

89

2019

2020

PERCENTAGE OF LIST PRICE SOLD

AVERAGE PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

NUMBER OF SALES

CAPE SAN BLAS

94%

97%

2019

2020

78%

7%

22%

29%

3%

MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

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MEXICO BEACH | ST. JOE BEACH FC

400 LA SIESTA DRIVE

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MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

PERCENTAGE OF LIST PRICE SOLD

AVERAGE DAYS ON MARKET

AVERAGE PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

NUMBER OF SALES

MEXICO BEACH | ST. JOE BEACH

$

131

187

2019

2020

312,178

$

383,673 2020

2019

$

181

$

207

2019

2020

67

93

2019

2020

93%

97%

2019

2020

43%

23%

14%

39%

4%

MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

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PORT ST. JOE FC

103 PINWHEEL COURT

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MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

303

2019

2020

300,126

$

412,414 2020

2019

$

166

$

215

2019

2020

AVERAGE DAYS ON MARKET

$

209

71

93

2019

2020

PERCENTAGE OF LIST PRICE SOLD

AVERAGE PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

NUMBER OF SALES

PORT ST. JOE

93%

96%

2019

2020

45%

37%

30%

31%

3%

MARKET REPORT 2020 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

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LOCALLY KNOWN. NATIONALLY RECOGNIZED. GLOBALLY RESPECTED.

©2021 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 Columbia Insurance Company, a Berkshire Hathaway affiliate. Equal Housing Opportunity.