2021 | 30A + Destin Annual Market Report | Berkshire Hathaway HomeServices

Page 1

2021

annual market report


B

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


unprecedented | a year in review If one word can characterize the 2021 real estate market along the Northwest Florida Gulf Coast, we choose unprecedented. In a year still filled with much uncertainty and struggle, an unprecedented number of people are finding sanctuary along the Emerald Coast. A nationwide shift in the way we view work and lifestyle has resulted in a surge of interest in finding a place to live, whether part or full time, that feels welcoming and prosperous. Northwest Florida has become just that to many new homeowners. The past year has been an unprecedented year for real estate sales in our area. We experienced the highest priced single-family home to sell on our shores, a gulf front estate in Alys Beach at $16.9 million. Average sales prices soared in the majority of the communities we serve, up by as much as 38%. Average days on market decreased as demand rose higher than supply in many desirable areas. Our brokerage reached a once unimaginable goal, surpassing over $2.1 billion in annual sales volume. As we look ahead for 2022, we believe this unprecedented trend of high demand will continue as indicated in every community along our coast by historically low days on the market. We have not experienced this low of a length of time on the market since we began tracking it in 1993. Adding support to this prediction are the robust sales that the market has already experienced in the first weeks of 2022. Our agents are busy with strong buyer demand, and we continue to find off market opportunities for customers to purchase. With interest rates still favorable for buyers wishing to finance, it is a key time to make educated investment decisions. While we expect some potential headwinds if we do enter a rate-increasing environment, rates are still currently at historical lows and there may never have been a better time to acquire property in our market, provided you plan to hold it for the medium to long term. For those that may be considering selling, to leave the market or to reposition, we always recommend selling into strength. Therefore, due to what we are seeing in the current market conditions, our market has never been more favorable for sellers. As seasoned experts, our agents can help maximize the sale of your property. Now more than ever, having a trusted and knowledgeable real estate agent representing your best interests whether you are buying or selling property is essential. Established in 2007 to be a premier real estate company dedicated to extraordinary customer service, our agency became an affiliate of the Berkshire Hathaway HomeServices network in 2016 and wholly owned by HomeServices of America in 2022. Our brand is built on trust, integrity, stability, and innovation, and our customers benefit by being part of a firm that is an international leader in the sales and promotion of its properties. We look forward to another strong year for real estate sales along our coast and feel so blessed to have worked with all the incredible people that we encountered in 2021. We welcome the opportunity to serve you in 2022 and beyond.

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

1


office locations 1 Ft. Walton Beach

Choctawhatchee Bay 331

98

23

Destin Sandestin 4 Blue Mountain Beach WaterColor Seaside Seagrove WaterSound Beach Rosemary Beach

Northwest Florida Beaches Internationa Airport

79

Panama City Beach

2

1. destin

5. pier park

151 Regions Way, Suite 4A Destin, FL 32541 850.502.2120

15750 Panama City Beach Pkwy, #140 Panama City Beach, FL 32413 850.252.4160

2. watercolor main

6. port st. joe

28B WaterColor Way Santa Rosa Beach, FL 32459 850.534.3006

200 A Reid Ave Port St. Joe, FL 32456 850.227.3300

3. watercolor crossings

7. windmark beach

49A WaterColor Way Santa Rosa Beach, FL 32459 850.213.5450

101 Goodmorning Street Port St. Joe, FL 32456 850.296.3716

4. watersound beach

8. st. george island

6652 E Co Hwy 30A, Ste 110 WaterSound, FL 32461 850.213.5150

140 West 1st Street, Ste B St. George Island, FL 32328 850.927.6000

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

5

West Bay


al

20

20

231

Tallahassee

Lynn Haven Panama City Tyndall AFB

Mexico Beach

98

71

Apalachicola National Forest

6

Windmark Beach

7 Port St. Joe

Carrabelle

Apalachicola

Eastpoint

8 Cape San Blas

Gulf of Mexico

Apalachicola Bay

St. George Island

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

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2021 ACCOLADES

$2,131,251,941 2 0 2 1 C O M PA N Y S A L E S V O LU M E

#

1

B R O K E R AG E O N 3 0 A * T r a nsa c tio ns

TOP 6

B R O K E R AG E I N PA N A M A C I T Y B E AC H * T r a nsa c tio ns + Vo l um e

#

1

B R O K E R AG E O N S T. G E O R G E I S L A N D * T r a nsa c tio ns + Vo l um e

TOP 3

B R O K E R AG E O N T H E F O R G OT T E N C OA S T * T r a nsa c tio ns + Vo l um e

TOP 50

B R O K E R AG E W I T H I N B E R K S H I R E H AT H AWAY H O M E S E R V I C E S 2 0 1 6 , 2 0 1 7, 2 0 1 8 , 2 0 1 9, 2 0 2 0, 2 0 2 1 * Gr o ss Co mm i ssi o n I n co m e

4

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


TABLE OF CONTENTS

30a 30A OVERALL 10 R O S E M A R Y B E AC H 1 2 A LY S B E AC H 1 4 WAT E R S O U N D B E AC H 1 6 WAT E R S O U N D O R I G I N S 1 8 SEASIDE 20 WAT E R C O LO R 2 2 S A N TA R O S A B E AC H 2 4 30A WEST 26 N E W C O N S T R U C T I O N | S O U T H WA LTO N 2 8

emerald coast SANDESTIN 32 M I R A M A R B E AC H 3 4 DESTIN 36 N AVA R R E 3 8


30A OVERALL

AVERAGE SOLD PRICE

% GROWTH 2012 - 2021

130%

$2,000,000

$1,500,000

$945,777

$1,024,829

$1,111,652

$1,215,642

$1,223,457

$1,164,367

$1,482,849

$1,818,433

0

$857,791

$500,000

$789,753

$1,000,000

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

AVERAGE DAYS ON MARKET

80%

% GROWTH 2012 - 2021

400

300

200

6

167

155

159

139

140

124

115

108

42

0

217

100

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


30A OVERALL

PRICE PER SQUARE FOOT

% GROWTH 2012 - 2021

105%

$800

$600

$400

$330

$335

$383

$403

$426

$438

$433

$502

$632

0

$309

$200

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

NUMBER OF SALES

% GROWTH 2012 - 2021

214%

2,000

1,500

1,000

718

777

890

889

1,021

970

1,075

1,710

1,863

0

593

500

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

7


30A OVERALL

153 PELICAN CIRCLE UNIT A2 8

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


30A OVERALL SINGLE FAMILY HOMES

YEAR

NUMBER OF SALES

SOLD VOLUME

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE DAYS ON MARKET

% OF LIST PRICE SOLD

2020

1,710

$2,535,672,048

$1,482,849

$502

108

97%

2021

1,863

$3,387,740,019

$1,818,433

$632

42

98%

PERCENT CHANGE

26%

23%

34%

9%

1%

61%

9%

2021

26%

97% 2020

98% 2021

1%

AVERAGE DAYS ON MARKET

2020

PERCENTAGE OF LIST PRICE SOLD

632 $

502

2021

$

1,863

2020

AVERAGE SOLD PRICE PER SQUARE FOOT

1,710

NUMBER OF SALES

The 30A market has shown the lowest number of days on market that we have seen since we started tracking this statistic. This indicates demand for homes along 30A has never been stronger. We expect this trend to continue into 2022.

108 2020

42 2021

61%

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

9


ROSEMARY BEACH

143 WIGGLE LANE 10

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


ROSEMARY BEACH SINGLE FAMILY HOMES

YEAR

NUMBER OF SALES

SOLD VOLUME

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE DAYS ON MARKET

% OF LIST PRICE SOLD

2020

53

$129,590,450

$2,445,103

$798

159

94%

2021

67

$249,584,500

$3,725,142

$1,144

159

96%

43%

0%

2%

PERCENT CHANGE

52%

93%

26%

26%

2021

43%

94% 2020

96% 2021

2%

AVERAGE DAYS ON MARKET

2020

PERCENTAGE OF LIST PRICE SOLD

1,144 $

798

2021

$

67

2020

AVERAGE SOLD PRICE PER SQUARE FOOT

53

NUMBER OF SALES

The average sale price in Rosemary Beach has moved up quicker than any other location on 30A.

159 2020

159 2021

0%

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

11


ALYS BEACH

110 N CHARLES STREET 12

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


ALYS BEACH SINGLE FAMILY HOMES

YEAR

NUMBER OF SALES

SOLD VOLUME

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE DAYS ON MARKET

% OF LIST PRICE SOLD

2020

69

$277,259,647

$4,018,256

$1,145

65

98%

2021

60

$303,101,227

$5,051,687

$1,388

33

99%

PERCENT CHANGE

21%

26%

9%

13%

1%

49%

13%

2021

21%

98% 2020

99% 2021

1%

AVERAGE DAYS ON MARKET

2020

PERCENTAGE OF LIST PRICE SOLD

1,388 $

1,145

2021

$

60

2020

AVERAGE SOLD PRICE PER SQUARE FOOT

69

NUMBER OF SALES

Days on market in Alys Beach is about 20% lower than the average for 30A overall. This indicates that demand for Alys Beach homes may be just about the strongest on 30A.

65 2020

33 2021

49%

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

13


WATERSOUND BEACH

425 COOPERSMITH LANE 14

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


WATERSOUND BEACH SINGLE FAMILY HOMES

YEAR

NUMBER OF SALES

SOLD VOLUME

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE DAYS ON MARKET

% OF LIST PRICE SOLD

2020

71

$192,925,362

$2,717,259

$719

164

95%

2021

44

$155,595,500

$3,536,261

$946

44

97%

PERCENT CHANGE

32%

30%

19%

38%

2%

73%

38%

2021

32%

95% 2020

97% 2021

2%

AVERAGE DAYS ON MARKET

2020

PERCENTAGE OF LIST PRICE SOLD

946 $

719

2021

$

44

2020

AVERAGE SOLD PRICE PER SQUARE FOOT

71

NUMBER OF SALES

The number of WaterSound Beach sales decreased significantly during the last year, while the average price and price per square foot were above the 30A average. When properties do come available in this community, buyers should be prepared to move quickly!

164 2020

44 2021

73%

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

15


WATERSOUND ORIGINS

61 CATFACE DRIVE 16

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


WATERSOUND ORIGINS SINGLE FAMILY HOMES

YEAR

NUMBER OF SALES

SOLD VOLUME

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE DAYS ON MARKET

% OF LIST PRICE SOLD

2020

163

$112,554,698

$690,520

$288

72

99%

2021

209

$183,775,867

$879,310

$352

21

100%

PERCENT CHANGE

22%

27%

63%

28%

1%

71%

28%

2021

22%

99% 2020

100% 2021

1%

AVERAGE DAYS ON MARKET

2020

PERCENTAGE OF LIST PRICE SOLD

352 $

288

2021

$

209

2020

AVERAGE SOLD PRICE PER SQUARE FOOT

163

NUMBER OF SALES

The Watersound Origins community is (and has been) one to watch! It is quickly becoming the epicenter for sales in the 30A corridor. A dramatic increase in sold volume was driven by a healthy increase in both number of sales and average price.

72 2020

21 2021

71%

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

17


SEASIDE

202 RUSKIN PLACE 18

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


SEASIDE SINGLE FAMILY HOMES

YEAR

NUMBER OF SALES

SOLD VOLUME

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE DAYS ON MARKET

% OF LIST PRICE SOLD

2020

23

$53,293,655

$2,317,115

$1,307

129

96%

2021

23

$68,069,000

$2,959,522

$1,370

41

98%

PERCENT CHANGE

0%

5%

28%

28%

2%

68%

0%

2021

5%

96% 2020

98% 2021

2%

AVERAGE DAYS ON MARKET

2020

PERCENTAGE OF LIST PRICE SOLD

1,370 $

1,307

2021

$

23

2020

AVERAGE SOLD PRICE PER SQUARE FOOT

23

NUMBER OF SALES

While Seaside shows a flat number of sales year over year, the average price increase is just about in line with the 30A average, but the average price per square foot increase lagged behind 30A as a whole.

129 2020

41 2021

68%

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

19


WATERCOLOR

93 VERMILLION WAY 20

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


WATERCOLOR SINGLE FAMILY HOMES

YEAR

NUMBER OF SALES

SOLD VOLUME

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE DAYS ON MARKET

% OF LIST PRICE SOLD

2020

141

$298,043,255

$2,113,782

$643

98

103%

2021

145

$378,412,321

$2,609,740

$824

27

98%

PERCENT CHANGE

28%

23%

27%

3%

5%

72%

3%

2021

28%

103% 2020

98% 2021

5%

AVERAGE DAYS ON MARKET

2020

PERCENTAGE OF LIST PRICE SOLD

824 $

643

2021

$

145

2020

AVERAGE SOLD PRICE PER SQUARE FOOT

141

NUMBER OF SALES

WaterColor is experiencing very low days on market and demand is extremely strong in this community. If we do not see many homes come on the market in the next year, we expect a significant increase in home prices.

98 2020

27 2021

72%

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

21


SANTA ROSA BEACH

191 TYLER DRIVE 22

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


SANTA ROSA BEACH SINGLE FAMILY HOMES

YEAR

NUMBER OF SALES

SOLD VOLUME

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE DAYS ON MARKET

% OF LIST PRICE SOLD

2020

540

$262,241,085

$485,632

$208

81

98%

2021

551

$342,084,867

$620,844

$270

39

99%

PERCENT CHANGE

30%

28%

30%

2%

1%

52%

2%

2021

30%

98% 2020

99% 2021

1%

AVERAGE DAYS ON MARKET

2020

PERCENTAGE OF LIST PRICE SOLD

270 $

208

2021

$

551

2020

AVERAGE SOLD PRICE PER SQUARE FOOT

540

NUMBER OF SALES

The Santa Rosa Beach area (including Point Washington) experienced strong growth in 2021 with days on market, average price, and average price per square foot. These micro markets in South Walton are becoming increasingly desirable.

81 2020

39 2021

52%

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

23


30A WEST

31 LUPINE ROAD 24

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


30A WEST SINGLE FAMILY HOMES

YEAR

NUMBER OF SALES

SOLD VOLUME

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE DAYS ON MARKET

% OF LIST PRICE SOLD

2020

539

$561,847,493

$1,042,389

$394

116

97%

2021

587

$786,824,403

$1,340,416

$513

38

99%

PERCENT CHANGE

30%

27%

21%

9%

2%

67%

9%

2021

30%

97% 2020

99% 2021

2%

AVERAGE DAYS ON MARKET

2020

PERCENTAGE OF LIST PRICE SOLD

513 $

394

2021

$

587

2020

AVERAGE SOLD PRICE PER SQUARE FOOT

539

NUMBER OF SALES

The 30A West market moved at slightly above the larger 30A market average in 2021. We expect to see that trend continue in the first half of 2022.

116 2020

38 2021

67%

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

25


NEW CONSTRUCTION | SOUTH WALTON

115 KAIYA AVENUE 26

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


NEW CONSTRUCTION | SOUTH WALTON SINGLE FAMILY HOMES

YEAR

NUMBER OF SALES

SOLD VOLUME

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE DAYS ON MARKET

% OF LIST PRICE SOLD

2020

407

$422,702,722

$1,038,582

$342

80

94%

2021

366

$430,346,642

$1,175,810

$387

34

95%

PERCENT CHANGE

13%

13%

2%

10%

1%

58%

10%

2021

13%

99% 2020

100% 2021

1%

AVERAGE DAYS ON MARKET

2020

PERCENTAGE OF LIST PRICE SOLD

387 $

342

2021

$

366

2020

AVERAGE SOLD PRICE PER SQUARE FOOT

407

NUMBER OF SALES

While new homes may appear to be lagging behind the market, they are not. Closings represented in this data are a result of sales that occurred anywhere from 8 to 14 months in the past. The new construction market is very strong as completed home inventory has been so low.

80 2020

34 2021

58%

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

27


EMERALD COAST

DESTIN | SANDESTIN | MIRAMAR BEACH

AVERAGE SOLD PRICE

% GROWTH 2012 - 2021

146%

$2,000,000

$1,500,000

$480K

$581,208

$597,761

$613,561

$613,561

$622,779

$688,414

$766,078

$904,046

$1,184,270

$1,000,000

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

$500,000

0

AVERAGE DAYS ON MARKET

82%

% GROWTH 2012 - 2021

400

300

200

28

120

134

152

145

115

102

89

2012

2013

2014

2015

2016

2017

2018

2019

2020

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

36

154

0

197

100

2021


EMERALD COAST

PRICE PER SQUARE FOOT

% GROWTH 2012 - 2021

108%

$800

$600

$400

$217

$239

$239

$248

$261

$276

$288

$319

$412

0

$198

$200

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

NUMBER OF SALES

% GROWTH 2012 - 2021

150%

800

600

400

272

275

299

317

334

360

361

489

602

0

241

200

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

29


SANDESTIN

1536 W ISLAND GREEN LANE 30

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


SANDESTIN SINGLE FAMILY HOMES

YEAR

NUMBER OF SALES

SOLD VOLUME

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE DAYS ON MARKET

% OF LIST PRICE SOLD

2020

225

$210,234,494

$934,376

$331

81

96%

2021

238

$280,127,961

$1,177,008

$411

32

98%

PERCENT CHANGE

24%

26%

33%

6%

2%

61%

6%

2021

24%

96% 2020

98% 2021

2%

AVERAGE DAYS ON MARKET

2020

PERCENTAGE OF LIST PRICE SOLD

411 $

331

2021

$

238

2020

AVERAGE SOLD PRICE PER SQUARE FOOT

225

NUMBER OF SALES

Sandestin is experiencing very high demand for homes within its exclusive gates, indicated by the increase in average price and the considerable decrease in days on market. There very well could be untapped value in this community.

81 2020

32 2021

61%

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

31


MIRAMAR BEACH

285 TWISTED PINE TRAIL 32

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


MIRAMAR BEACH SINGLE FAMILY HOMES

YEAR

NUMBER OF SALES

SOLD VOLUME

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE DAYS ON MARKET

% OF LIST PRICE SOLD

2020

264

$231,844,164

$878,198

$308

96

98%

2021

364

$432,802,573

$1,189,018

$413

39

99%

PERCENT CHANGE

34%

35%

87%

38%

1%

59%

38%

2021

34%

98% 2020

99% 2021

1%

AVERAGE DAYS ON MARKET

2020

PERCENTAGE OF LIST PRICE SOLD

413 $

308

2021

$

364

2020

AVERAGE SOLD PRICE PER SQUARE FOOT

264

NUMBER OF SALES

Miramar Beach is yet another area that has seen considerable increase in demand demonstrated by a large increase in number of sales year over year and percentage increase in prices.

96 2020

39 2021

59%

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

33


DESTIN

4770 CALATRAVA COURT 34

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


DESTIN SINGLE FAMILY HOMES

YEAR

NUMBER OF SALES

SOLD VOLUME

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE DAYS ON MARKET

% OF LIST PRICE SOLD

2020

570

$470,077,525

$824,697

$279

99

96%

2021

620

$696,888,181

$1,124,013

$368

51

98%

PERCENT CHANGE

32%

36%

48%

9%

2%

49%

9%

2021

32%

96% 2020

98% 2021

2%

AVERAGE DAYS ON MARKET

2020

PERCENTAGE OF LIST PRICE SOLD

368 $

279

2021

$

620

2020

AVERAGE SOLD PRICE PER SQUARE FOOT

570

NUMBER OF SALES

2021 was a breakout year for Destin — showing a higher percentage increase in sold volume, average price, and average price per square foot than 30A!

99 2020

51 2021

49%

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

35


NAVARRE

9533 MONACO CIRCLE 36

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


NAVARRE SINGLE FAMILY HOMES

YEAR

NUMBER OF SALES

SOLD VOLUME

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE DAYS ON MARKET

% OF LIST PRICE SOLD

2020

1,652

$552,171,765

$334,244

$158

38

99%

2021

1,727

$704,500,859

$407,933

$194

20

101%

PERCENT CHANGE

23%

22%

28%

5%

2%

47%

5%

2021

23%

99% 2020

101% 2021

2%

AVERAGE DAYS ON MARKET

2020

PERCENTAGE OF LIST PRICE SOLD

194 $

158

2021

$

1,727

2020

AVERAGE SOLD PRICE PER SQUARE FOOT

1,652

NUMBER OF SALES

Navarre is lagging behind the broader Emerald Coast market slightly. This could be a prime opportunity to find some exceptional value. However, only 20 days on market proves there is still powerful demand for homes in this beach town.

38 2020

20 2021

47%

ANNUAL REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

37


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Get to know us at BeachPropertiesFLA.com EMERALD COAST | SOUTH WALTON | BAY COUNTY | FORGOTTEN COAST Market data for 2022 as of 1/6/22. Information reported is deemed reliable but is not guaranteed. ©2022 MLS and FBS. ©2022 BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate, and a 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.