2022 annual market report
Transition | a year in review
As we reflect on the 2022 real estate market along the Northwest Florida Gulf Coast, transition is the word that best describes the changes experienced in both the market and in the gulf side communities that compose this spectacular coastline. This year can best be described as “a tale of two halves” with the intense momentum of the past two years continuing through July and then sales activity beginning to transition during late summer in correlation with rising interest rates and inflation concerns.
2022 has brought a wealth of new homeowners as well as new full-time residents to our communities with the strong demand of the first two quarters met by increasing prices. We continued to have record low days on the market from January through July. Starting in late summer, the number of sales began to fall when compared to the year prior.
Prices have remained strong; however, we’ve seen indications that this may soften in conjunction with the number of sales over time. As we moved toward the end of the year, we saw a steady increase in the number of homes available for sale, yet sales remained at levels within historical norms.
With the growth of our local populations, there has been a transition in our communities to support new residents. More infrastructure is being put in place to better serve larger full-time populations including new businesses, additional housing options, and roadway improvements. The draw of the emerald green waters, sugar white sands, and welcoming Southern charm of this section of the Gulf Coast continues to have an undeniable appeal to homeowners.
Looking ahead to 2023, we expect that the market will continue to transition from what was a very robust seller’s market into one that is more in favor of the buyer. An increased amount of inventory coupled with a softening of sales should result in this with some pockets of strength and pockets of increased weakness remaining due to the exuberance of last year’s market. Depending on your overall goals, this could be a prime time to find your place along our shores.
Established in 2007 to be a premier real estate company dedicated to extraordinary customer service, our agency became an affiliate of 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. Our sales executives are experts in the market, and ready to guide you through any market conditions to the best possible outcome.
We look forward to a new year of brokering real estate sales along our coast and feel so blessed to have served all the extraordinary people that we encountered in 2022. We welcome the opportunity to serve you in 2023 and beyond.
1 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA 2 1. DESTIN 151 Regions Way, Suite 4A Destin, FL 32541 850.502.2120 2. WATERCOLOR MAIN 28B WaterColor Way Santa Rosa Beach, FL 32459 850.534.3006 3. WATERCOLOR CROSSINGS 49A WaterColor Way Santa Rosa Beach, FL 32459 850.213.5450 4. WATERSOUND BEACH 6652 E Co Hwy 30A, Ste 110 Watersound, FL 32461 850.213.5150 5. PIER PARK 15750 Panama City Beach Pkwy, #140 Panama City Beach, FL 32413 850.252.4160 6. WINDMARK BEACH 101 Goodmorning Street Port St. Joe, FL 32456 850.296.3716 7. ST. GEORGE ISLAND 140 West 1st Street, Ste B St. George Island, FL 32328 850.927.6000 NWFL Beaches International Airport Destin Ft. Walton Beach Sandestin Blue Mountain Beach Seaside WaterColor Seagrove WaterSound Beach Rosemary Beach Panama City Beach West Bay Choctawhatchee Bay 5 98 1 4 2 331 79 office locations 3 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA 2
3 Lynn Haven Mexico Beach WindMark Beach Cape San Blas Apalachicola National Forest St. George Island Port St. Joe Apalachicola Tyndall AFB Tallahassee Eastpoint Carrabelle Panama City Apalachicola Bay 6 71 98 231 20 20 7 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
# 1 BROKERAGE ON 30A *Transactions TOP 4 BROKERAGE IN PANAMA CITY BEACH *Volume # 1 BROKERAGE ON ST. GEORGE ISLAND + APALACHICOLA *Transactions + Volume TOP 3 BROKERAGE ON THE FORGOTTEN COAST *Transactions + Volume #21 GLOBALLY BROKERAGE WITHIN BERKSHIRE HATHAWAY HOMESERVICES *Gross Commission Income | 2021 Top 50 Brokerage Annually Since 2016 NEARLY $1.8 BILLION 2022 COMPANY SALES VOLUME 2022 ACCOLADES 4 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
emerald coast SANDESTIN 30 MIRAMAR BEACH 32 DESTIN 34 DESTIN CONDOS 36 NAVARRE 38 30A OVERALL 8 ROSEMARY BEACH 10 ALYS BEACH 12 WATERSOUND BEACH 14 WATERSOUND ORIGINS 16 SEASIDE 18 WATERCOLOR 20 SANTA ROSA BEACH 22 30A WEST 24 NEW CONSTRUCTION | SOUTH WALTON 26 30a TABLE OF CONTENTS ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA 5
$1,500,000
$1,000,000
$500,000 0
AVERAGE SOLD PRICE 2013
193% % GROWTH 2013 - 2022
$2,000,000 2015 2019 2016 2020 2014 2018 2017 2021 2022
$1,111,652 $857,791 $1,215,642 $945,777 $1,223,457 $1,482,849 $1,024,829 $1,164,367 $1,818,433 $2,310,881 AVERAGE DAYS ON MARKET
30A OVERALL
0
6 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
100
200 300 400 2015 2019 2013 2016 2020 2014 2018 2017 2021 2022 82% % GROWTH 2013 - 2022 139 167 140 155 124 108 159 115 42 40
30A OVERALL PRICE PER SQUARE FOOT $200 0 $400 $600
2015
2013 2016
2014
2017
$403 $330 $426 $335 $438 $502 $383 $433 $632 $766 NUMBER OF SALES 500 0 1,000 1,500 2,000 2015 2019 2013 2016 2020 2014 2018 2017 2021 2022
%
889 718 1,021 777 970 1,710 890 1,075 1,863 1,236 7 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
$800
2019
2020
2018
2021 2022 146% % GROWTH 2013 - 2021
108%
GROWTH 2013 - 2021
30A OVERALL 221 SAND CLIFFS DRIVE 8 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
42 2021 40 2022 98 % 2022 30A OVERALL 98 % 2021 SINGLE FAMILY HOMES 34% 21% 0% 5% NUMBER OF SALES AVERAGE SOLD PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE SOLD AVERAGE DAYS ON MARKET 2021 2021 2022 2022 1,863 $ 632 1,236 $ 766 NUMBER OF SALES YEAR SOLD VOLUME AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQ. FT. AVERAGE DAYS ON MARKET % OF LIST PRICE SOLD 2021 2022 PERCENT CHANGE 1,863 1,236 34% $3,387,740,019 $2,856,248,324 16% $1,818,433 $2,310,881 27% $632 $766 21% 42 40 5% 98% 98% 0%
9 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
Due to the continued strong activity of the first two quarters of 2022, average days on market remained historically low. As inventory increases moving into 2023 in most communities, we expect this trend to change during the new year
10 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES
ROSEMARY BEACH
BEACH PROPERTIES OF FLORIDA
SINGLE FAMILY HOMES 2021 2022 PERCENT CHANGE 67 50 25% $249,584,500 $278,005,600 11% $3,725,142 $5,560,112 49% $1,144 $1,576 38% 159 48 70% 96% 97% 1% 159 2021 48 2022 97 % 2022 96 % 2021 26% 38% 1% 70% NUMBER OF SALES AVERAGE SOLD PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE SOLD AVERAGE DAYS ON MARKET 2021 2021 2022 2022 67 $ 1,144 50 $ 1,576 NUMBER OF SALES YEAR SOLD VOLUME AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQ. FT. AVERAGE DAYS ON MARKET % OF LIST PRICE SOLD The
Beach market remained incredibly strong during 2022, with the highest increase in average sales price out of all the marquee 30A communities at 49% and boasted three properties closing at $20 million plus. 11 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
ROSEMARY BEACH
Rosemary
ALYS BEACH 29 LA GARZA COURT 12 ANNUAL REPORT 2022 | BERKSHIRE
HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
ALYS BEACH SINGLE FAMILY HOMES 2021 2022 PERCENT CHANGE 60 34 43% $303,101,227 $220,336,927 27% $5,051,687 $6,480,498 28% $1,388 $1,759 27% 33 13 61% 99% 100% 1% 33 2021 13 2022 100 % 2022 99 % 2021 43% 27% 1% 61% NUMBER OF SALES AVERAGE SOLD PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE SOLD AVERAGE DAYS ON MARKET 2021 2021 2022 2022 60 $ 1,388 34 $ 1,759 NUMBER OF SALES YEAR SOLD VOLUME AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQ. FT. AVERAGE DAYS ON MARKET % OF LIST PRICE SOLD Alys Beach continues to be a destination of choice for 30A’s
elite
with the highest average sales price at over $6.4 million, nearly a million more
its closest price competitor
13 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
most
homebuyers,
than
Rosemary Beach.
WATERSOUND BEACH 12 SHINGLE WAY 14 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
WATERSOUND BEACH SINGLE FAMILY HOMES 2021 2022 PERCENT CHANGE 44 26 41% $155,595,500 $109,880,000 29% $3,536,261 $4,226,154 20% $946 $1,137 20% 44 28 36% 97% 98% 1% 44 2021 28 2022 98 % 2022 97 % 2021 41% 20% 1% 36% NUMBER OF SALES AVERAGE SOLD PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE SOLD AVERAGE DAYS ON MARKET 2021 2021 2022 2022 44 $ 946 26 $ 1,137 NUMBER OF SALES YEAR SOLD VOLUME AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQ. FT. AVERAGE DAYS ON MARKET % OF LIST PRICE SOLD Activity decreased in WaterSound Beach during 2022, primarily due to a lack of inventory with average days on market falling and average sales price increasing. When properties come available, interested buyers need to move quickly! 15 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
WATERSOUND ORIGINS 200 SAWBUCK DRIVE 16 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
WATERSOUND ORIGINS SINGLE FAMILY HOMES 2021 2022 PERCENT CHANGE 209 148 29% $183,775,867 $167,149,053 9% $879,310 $1,129,385 28% $352 $439 25% 21 15 29% 100% 99% 1% 21 2021 15 2022 99 % 2022 100 % 2021 29% 25% 1% 29% NUMBER OF SALES AVERAGE SOLD PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE SOLD AVERAGE DAYS ON MARKET 2021 2021 2022 2022 209 $ 352 148 $ 439 NUMBER OF SALES YEAR SOLD VOLUME AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQ. FT. AVERAGE DAYS ON MARKET % OF LIST PRICE SOLD The Watersound Origins community continues to be a highly coveted location for full-time residents. This community experienced one of the lowest decreases in sold volume for the year with average sales prices still experiencing a healthy increase. 17 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
SEASIDE 18 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
SEASIDE SINGLE FAMILY HOMES 2021 2022 PERCENT CHANGE 23 12 48% $68,069,000 $39,842,000 41% $2,959,522 $3,320,167 12% $1,370 $1,723 26% 41 23 44% 98% 98% 0% 41 2021 23 2022 98 % 2022 98 % 2021 48% 26% 0% 44% NUMBER OF SALES AVERAGE SOLD PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE SOLD AVERAGE DAYS ON MARKET 2021 2021 2022 2022 23 $ 1,370 12 $ 1,723 NUMBER OF SALES YEAR SOLD VOLUME AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQ. FT. AVERAGE DAYS ON MARKET % OF LIST PRICE SOLD
19 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
The Seaside market was one of the slowest along Scenic Highway 30A for number of sales, with both sold volume and number of sales decreasing nearly 50%. Less available inventory affects the overall data with this community still being a popular niche for specific buyers.
WATERCOLOR 116 WIREGRASS WAY 20 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
WATERCOLOR SINGLE FAMILY HOMES 2021 2022 PERCENT CHANGE 145 72 50% $378,412,321 $254,709,786 33% $2,609,740 $3,537,636 36% $824 $1,078 31% 27 40 48% 98% 98% 0% 27 2021 40 2022 98 % 2022 98 % 2021 50% 31% 0% 48% NUMBER OF SALES AVERAGE SOLD PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE SOLD AVERAGE DAYS ON MARKET 2021 2021 2022 2022 145 $ 824 72 $ 1,078 NUMBER OF SALES YEAR SOLD VOLUME AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQ. FT. AVERAGE DAYS ON MARKET % OF LIST PRICE SOLD
experienced a significant increase in days on market
of
days on market in years past due to an increase in available inventory.
sales price
increased
rate
21 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
WaterColor
during 2022, reversing a trend
extremely low
Despite this, the average
still
at a higher
than 30A overall.
22 ANNUAL REPORT 2022 | BERKSHIRE
SANTA ROSA BEACH
HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
SANTA ROSA BEACH SINGLE FAMILY HOMES 2021 2022 PERCENT CHANGE 551 514 7% $342,084,867 $397,717,286 16% $620,844 $773,769 25% $270 $327 21% 39 45 15% 99% 98% 1% 39 2021 45 2022 98 % 2022 99 % 2021 7% 21% 1% 15% NUMBER OF SALES AVERAGE SOLD PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE SOLD AVERAGE DAYS ON MARKET 2021 2021 2022 2022 551 $ 270 514 $ 327 NUMBER OF SALES YEAR SOLD VOLUME AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQ. FT. AVERAGE DAYS ON MARKET % OF LIST PRICE SOLD The Santa Rosa Beach area (including Point Washington) continued to experience growth with days on market, average sales price, and average price per foot with a very low decrease in sales likely due to the rising popularity of South Walton for full-time residents. 23 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
30A WEST 277 BARTONS WAY 24 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
30A WEST SINGLE FAMILY HOMES 2021 2022 PERCENT CHANGE 587 438 25% $786,824,403 $706,863,448 10% $1,340,416 $1,613,843 20% $513 $608 19% 38 46 21% 99% 98% 1% 38 2021 46 2022 98 % 2022 99 % 2021 25% 19% 1% 21% NUMBER OF SALES AVERAGE SOLD PRICE PER SQ.UARE FOOT PERCENTAGE OF LIST PRICE SOLD AVERAGE DAYS ON MARKET 2021 2021 2022 2022 587 $ 513 438 $ 608 NUMBER OF SALES YEAR SOLD VOLUME AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQ. FT. AVERAGE DAYS ON MARKET % OF LIST PRICE SOLD The 30A West market experienced data very similar to 30A overall in regard to number of sales, sold volume, average sales price, and days on market. We expect to see this trend continue into the new year. 25 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
NEW CONSTRUCTION | SOUTH WALTON
BEACH RESORT 26 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
KAIYA
NEW CONSTRUCTION | SOUTH WALTON SINGLE FAMILY HOMES 2021 2022 PERCENT CHANGE 366 323 12% $430,346,642 $507,407,212 18% $1,175,810 $1,570,920 34% $387 $488 26% 34 44 29% 95% 99% 4% 34 2021 44 2022 99 % 2022 95 % 2021 12% 26% 4% 29% NUMBER OF SALES AVERAGE SOLD PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE SOLD AVERAGE DAYS ON MARKET 2021 2021 2022 2022 366 $ 387 323 $ 488 NUMBER OF SALES YEAR SOLD VOLUME AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQ. FT. AVERAGE DAYS ON MARKET % OF LIST PRICE SOLD Closings represented in new homes are a result of sales that occurred anywhere from 8 to 14 months in the past. New Homes was among the few categories that experienced an increase in sold volume and continued to be a strong market segment. 27 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
AVERAGE
0
EMERALD COAST DESTIN | SANDESTIN | MIRAMAR BEACH
131 146 129 122 113 95 137 98 44 36 28 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
AVERAGE DAYS ON MARKET
SOLD PRICE 2013 $500,000 100 0
$1,000,000 200 $1,500,000 300 $2,000,000 400 2015 2015 2019 2019 2013 2016 2016 2020 2020 2014 2014 2018 2018 2017 2017 2021 2022 2021 2022 75% 153% % GROWTH 2013 - 2022 % GROWTH 2013 - 2022
$600,739 $557,252 $646,260 $524,493 $718,754 $861,337 $567,575 $692,547 $1,153,106 $1,407,840
NUMBER OF SALES PRICE PER SQUARE FOOT $200 600 0 0 $400 800 $600 1,000 $800 1,200 2015 2015 2019 2019 2013 2013 2016 2016 2020 2020 2014 2014 2018 2018 2017 2017 2021 2022 2021 2022 16% 138% % GROWTH 2013 - 2022 % GROWTH 2013 - 2022
$224 758 $202 686 $242 788 $208 662 $257 811 $297 1,059 $214 714 $262 872 $390 $481 1,225 795 29 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
EMERALD COAST
SANDESTIN 1507 E ISLAND GREEN DRIVE 30 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
SANDESTIN SINGLE FAMILY HOMES 2021 2022 PERCENT CHANGE 238 169 29% $280,127,961 $254,640,214 9% $1,177,008 $1,506,747 28% $411 $540 31% 32 29 9% 98% 97% 1% 32 2021 29 2022 97 % 2022 98 % 2021 29% 31% 1% 9% NUMBER OF SALES AVERAGE SOLD PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE SOLD AVERAGE DAYS ON MARKET 2021 2021 2022 2022 238 $ 411 169 $ 540 NUMBER OF SALES YEAR SOLD VOLUME AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQ. FT. AVERAGE DAYS ON MARKET % OF LIST PRICE SOLD Sandestin experienced sales within the norms for the rest of the area with both average sales price and price per foot increasing while sold volume and number of sales both decreased. As a gated resort community, Sandestin still appeals to a specific buyer segment. 31 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
MIRAMAR BEACH 32 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
MIRAMAR BEACH SINGLE FAMILY HOMES 2021 2022 PERCENT CHANGE 364 214 41% $432,802,573 $312,708,722 46% $1,189,018 $1,461,256 23% $413 $506 23% 39 41 5% 99% 98% 1% 39 2021 41 2022 98 % 2022 99 % 2021 41% 23% 1% 5% NUMBER OF SALES AVERAGE SOLD PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE SOLD AVERAGE DAYS ON MARKET 2021 2021 2022 2022 364 $ 413 214 $ 506 NUMBER OF SALES YEAR SOLD VOLUME AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQ. FT. AVERAGE DAYS ON MARKET % OF LIST PRICE SOLD Despite average sales price and average price per foot increasing at area norms, Miramar Beach experienced a larger decline in number of sales and overall volume than most areas and an increase in days on market. 33 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
DESTIN 34 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
DESTIN SINGLE FAMILY HOMES 2021 2022 PERCENT CHANGE 620 412 34% $696,888,181 $551,884,162 26% $1,124,013 $1,339,525 19% $368 $443 20% 51 37 27% 98% 97% 1% 51 2021 37 2022 97 % 2022 98 % 2021 34% 20% 1% 27% NUMBER OF SALES AVERAGE SOLD PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE SOLD AVERAGE DAYS ON MARKET 2021 2021 2022 2022 620 $ 368 412 $ 443 NUMBER OF SALES YEAR SOLD VOLUME AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQ. FT. AVERAGE DAYS ON MARKET % OF LIST PRICE SOLD
price,
35 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
The Destin market had a breakout year in 2021 passing 30A overall in many data categories but experienced a leveling in 2022 with market trends mirroring what was experienced across the coast in volume,
and days on market.
DESTIN CONDOS 36 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
DESTIN CONDOS 2021 2022 PERCENT CHANGE 871 723 17% $487,877,585 $474,173,748 3% $560,135 $655,842 17% $415 $516 24% 66 48 27% 98% 98% 0% 66 2021 48 2022 98 % 2022 98 % 2021 17% 24% 0% 27% NUMBER OF SALES AVERAGE SOLD PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE SOLD AVERAGE DAYS ON MARKET 2021 2021 2022 2022 871 $ 415 723 $ 516 NUMBER OF SALES YEAR SOLD VOLUME AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQ. FT. AVERAGE DAYS ON MARKET % OF LIST PRICE SOLD The Destin Condo market didn’t experience as large of a drop in number of sales or sold volume as the Destin single family homes market as condos are still at a premium with limited inventory in this popular vacation destination. 37 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
NAVARRE 38 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
NAVARRE SINGLE FAMILY HOMES 2021 2022 PERCENT CHANGE 1,727 1,370 21% $704,500,859 $666,761,329 5% $407,933 $486,687 19% $194 $231 19% 20 23 15% 101% 100% 1% 20 2021 23 2022 100 % 2022 101 % 2021 21% 19% 1% 15% NUMBER OF SALES AVERAGE SOLD PRICE PER SQUARE FOOT PERCENTAGE OF LIST PRICE SOLD AVERAGE DAYS ON MARKET 2021 2021 2022 2022 1,727 $ 194 1,370 $ 231 NUMBER OF SALES YEAR SOLD VOLUME AVERAGE SOLD PRICE AVERAGE SOLD PRICE PER SQ. FT. AVERAGE DAYS ON MARKET % OF LIST PRICE SOLD While Navarre lagged behind much of the Emerald Coast during 2021, 2022 brought a leveling of this trend for home sales with less notable changes than other communities. An average of 23 days on the market proves there is still a powerful demand for homes in this beach town. 39 ANNUAL REPORT 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
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Affiliates,
of
Affiliates, LLC.
For You For Life EMERALD COAST | SOUTH WALTON | BAY COUNTY | FORGOTTEN COAST Get to know us at BeachPropertiesFLA.com
Market data for 2022 as of 1/10/23. Infromation reported is deemed reliable but is not guaranteeed.
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LLC. An independently operated subsidiary
HomeServices of America, Inc., a Berkshire Hathaway affiliate, and a franchisee of BHH
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