Northwest Florida 2023 Annual Market Report | Berkshire Hathaway HomeServices Beach Properties of FL

2023

Annual Report

NORTHWEST FLORIDA

B

MARKET REPORT 2021 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

Resilience | a year in review Resilience can be defined as the power or ability of a material to return to its original form or position after being bent or stretched. After the extreme highs of the postpandemic market to the inevitable slowdown during 2023, the Northwest Florida real estate market has certainly proved its ability to withstand unpredictable market conditions such as climbing interest rates while still maintaining value for buyers with average sales prices remaining consistent or even rising in many market sectors.

Similarly, our real estate professionals at Berkshire Hathaway HomeServices Beach Properties of Florida have shown an unflappable resilience for navigating changing market conditions while still successfully servicing the needs of both buyers and sellers. Over 900 families were served by our agency in 2023, allowing us to remain at the forefront of real estate sales along the entire stretch of the Northwest Florida coastline from St. George Island to Navarre Beach.

In the same vein, the resilience of this unique slice of Florida is proven again and again. While adjusting to ever-increasing full time populations along with the continued steady stream of visitors to our beachside communities, the Northwest Florida coast has continued to thrive, steadily adding new infrastructure, businesses, and services to make life along the Gulf of Mexico better than ever.

Anticipating the trajectory of the 2024 real estate market, we foresee a landscape shaped by continued resilience and adaptation. As we delve into the new year, the market is expected to further shift, reflecting an equilibrium between buyers and sellers. With the lessons learned from the challenges of 2023, we anticipate a more stabilized environment, offering opportunities for both buyers and sellers to make informed decisions. The influx of inventory is likely to persist, creating a dynamic market with diverse options for prospective homeowners. While certain areas may exhibit pockets of strength, others may experience increased flexibility, fostering a balanced and sustainable market.

Established in 2007 and affiliated with Berkshire Hathaway HomeServices since 2016, our agency became wholly owned by HomeServices of America in 2022. Our brand is built on trust, integrity, stability, and innovation. As an international leader in property sales and promotion, we are well positioned to guide you through any market conditions. Our experienced sales executives are ready to help you achieve the best possible outcome.

As we look forward to brokering real estate sales along our coast in the new year, we feel blessed to have served so many extraordinary people in 2023. We eagerly welcome the opportunity to serve you in 2023 and beyond, navigating this resilient real estate landscape together.

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

1

OFFICE LOCATIONS

1 Ft. Walton Beach

Choctawhatchee Bay 331

98

23

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

Northwest Florida Beaches Internationa Airport

79

6

West Bay

Panama City Beach

Gulf of Mexico 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. watersound community discovery center 34 Origins Main Street, Suite 101 Watersound, FL 32461 850.213.5170

6. pier park 15750 Panama City Beach Pkwy, #140 Panama City Beach, FL 32413 850.252.4160

7. windmark beach 101 Goodmorning Street Port St. Joe, FL 32456 850.296.3716

8. st. george island 140 West 1st Street, Ste B St. George Island, FL 32328 850.990.0020

al

20

20

231

Tallahassee

Lynn Haven Panama City Tyndall AFB

Mexico Beach

98

71

Apalachicola National Forest

7

WindMark Beach

Port St. Joe

Carrabelle

Apalachicola

Eastpoint

8 Cape San Blas

Apalachicola Bay

St. George Island

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

2023 ACCOLADES

#

1

B R O K E R AG E O N 3 0 A *Tran s ac t i o n s

#1

B R O K E R AG E I N S O U T H WA LTO N *Tran s ac t i o n s

#2

B R O K E R AG E O N S T. G E O R G E I S L A N D + A PA L AC H I C O L A *Tran s ac t i o n s + Vo lu m e

TOP 4

B R O K E R AG E I N PA N A M A C I T Y B E AC H *Tran s ac t i o n s & Vo lu m e

#23

G LO B A L LY

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 N E T W O R K *2 022 G ro s s Co m m is s io n I n co m 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 *A n n u al l y Si n c e 2 0 1 6

4

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

TABLE OF CONTENTS

30a 30A OVERALL 8 30A EAST 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 DESTIN CONDOS 38 F O R T WA LTO N B E AC H 4 0 N AVA R R E B E AC H 4 2 N AVA R R E B E AC H C O N D O S 4 4

bay county PA N A M A C I T Y B E AC H 4 8 PA N A M A C I T Y B E AC H C O N D O S 5 0 PA N A M A C I T Y 5 2 N E W C O N S T R U C T I O N | B AY C O U N T Y 5 4

forgotten coast S T. G E O R G E I S L A N D 5 8 A PA L AC H I C O L A 6 0 CAPE SAN BLAS 62 P O R T S T. J O E 6 4 M E X I C O B E AC H / S T. J O E B E AC H 6 6 ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

30A OVERALL

AVERAGE SOLD PRICE

% GROWTH 2014 - 2023

147%

$2,000,000

$1,500,000

$1,111,652

$1,215,642

$1,223,457

$1,164,367

$1,482,849

$1,818,433

$2,310,881

$2,331,860

0

$1,024,829

$500,000

$945,777

$1,000,000

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

AVERAGE DAYS ON MARKET

55%

% GROWTH 2014 - 2023

400

300

200

6

159

139

140

124

115

108

42

40

69

0

155

100

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

30A OVERALL

PRICE PER SQUARE FOOT

138%

% GROWTH 2014 - 2023

$800

$600

$400

$383

$403

$426

$438

$433

$502

$632

$766

$798

0

$335

$200

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

NUMBER OF SALES

% GROWTH 2014 - 2023

18%

2,000

1,500

1,000

890

889

1,021

970

1,075

1,710

1,863

1,236

920

0

777

500

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

7

30A OVERALL

8

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

30A OVERALL SINGLE FAMILY HOMES

1,236

$2,856,248,324

$2,310,881

$766

40

98%

2023

920

$2,145,311,527

$2,331,860

$798

69

96%

PERCENT CHANGE

26%

25%

1%

4%

73%

2%

26%

$

2023

$

2022

2022

2023

4%

98% 2022

96% 2023

2%

AVERAGE DAYS ON MARKET

2022

PERCENTAGE OF LIST PRICE SOLD

% OF LIST PRICE SOLD

798

AVERAGE DAYS ON MARKET

766

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

920

SOLD VOLUME

1,236

NUMBER OF SALES

NUMBER OF SALES

YEAR

40 2022

69 2023

73%

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

9

30A EAST

208 PARADISE BY THE SEA BLVD 10

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

30A EAST SINGLE FAMILY HOMES

799

$2,150,125,177

$2,691,020

$851

36

98%

2023

655

$1,685,278,063

$2,572,944

$864

63

97%

PERCENT CHANGE

18%

22%

4%

1%

75%

1%

18%

$

2023

$

2022

2022

2023

1%

98% 2022

97% 2023

1%

AVERAGE DAYS ON MARKET

2022

PERCENTAGE OF LIST PRICE SOLD

% OF LIST PRICE SOLD

865

AVERAGE DAYS ON MARKET

851

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

655

SOLD VOLUME

799

NUMBER OF SALES

NUMBER OF SALES

YEAR

36 2022

63 2023

75%

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

11

ROSEMARY BEACH

10 TRIMINGHAM LANE ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

ROSEMARY BEACH SINGLE FAMILY HOMES

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE DAYS ON MARKET

% OF LIST PRICE SOLD

2022

50

$278,005,600

$5,560,112

$1,576

48

97%

2023

22

$115,385,000

$5,244,773

$1,762

49

96%

58%

6%

12%

2%

1%

56%

$

2023

$

2022

AVERAGE SOLD PRICE PER SQUARE FOOT

22

56%

50

NUMBER OF SALES

PERCENT CHANGE

2022

2023

12%

97% 2022

96% 2023

1%

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

PERCENTAGE OF LIST PRICE SOLD

SOLD VOLUME

1,762

NUMBER OF SALES

1,576

YEAR

48 2022

49 2023

2%

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

13

ALYS BEACH

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

ALYS BEACH SINGLE FAMILY HOMES

34

$220,336,927

$6,480,498

$1,759

13

100%

2023

33

$209,924,445

$6,361,347

$1,781

39

98%

PERCENT CHANGE

3%

5%

2%

1%

200%

2%

3%

$

2023

$

2022

2022

2023

1%

100% 2022

98% 2023

2%

AVERAGE DAYS ON MARKET

2022

PERCENTAGE OF LIST PRICE SOLD

% OF LIST PRICE SOLD

1,781

AVERAGE DAYS ON MARKET

1,759

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

33

SOLD VOLUME

34

NUMBER OF SALES

NUMBER OF SALES

YEAR

13 2022

39 2023

200%

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

15

WATERSOUND BEACH

85 N WATCH TOWER LANE 16

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

WATERSOUND BEACH SINGLE FAMILY HOMES

26

$109,880,000

$4,226,154

$1,137

28

98%

2023

28

$128,764,000

$4,598,714

$1,356

82

95%

PERCENT CHANGE

8%

17%

9%

19%

193%

3%

8%

$

2023

$

2022

2022

2023

19%

98% 2022

95% 2023

3%

AVERAGE DAYS ON MARKET

2022

PERCENTAGE OF LIST PRICE SOLD

% OF LIST PRICE SOLD

1,356

AVERAGE DAYS ON MARKET

1,137

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

28

SOLD VOLUME

26

NUMBER OF SALES

NUMBER OF SALES

YEAR

28 2022

82 2023

193%

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

17

WATERSOUND ORIGINS

21 JACK KNIFE DRIVE 18

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

WATERSOUND ORIGINS SINGLE FAMILY HOMES

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE DAYS ON MARKET

% OF LIST PRICE SOLD

2022

148

$167,149,053

$1,129,385

$439

15

99%

2023

169

$212,108,610

$1,255,081

$470

37

100%

27%

11%

7%

147%

1%

14%

$

2023

$

2022

AVERAGE SOLD PRICE PER SQUARE FOOT

169

14%

148

NUMBER OF SALES

PERCENT CHANGE

2022

2023

7%

99% 2022

100% 2023

1%

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

PERCENTAGE OF LIST PRICE SOLD

SOLD VOLUME

470

NUMBER OF SALES

439

YEAR

15 2022

37 2023

147%

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

19

SEASIDE

20

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

SEASIDE SINGLE FAMILY HOMES

12

$39,842,000

$3,320,167

$1,723

23

98%

2023

12

$48,228,000

$4,019,000

$2,441

17

99%

PERCENT CHANGE

0%

21%

21%

42%

26%

1%

0%

$

2023

$

2022

2022

2023

42%

98% 2022

99% 2023

1%

AVERAGE DAYS ON MARKET

2022

PERCENTAGE OF LIST PRICE SOLD

% OF LIST PRICE SOLD

2,441

AVERAGE DAYS ON MARKET

1,723

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

12

SOLD VOLUME

12

NUMBER OF SALES

NUMBER OF SALES

YEAR

23 2022

17 2023

26%

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

21

WATERCOLOR

668 E ROYAL FERN WAY 22

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

WATERCOLOR SINGLE FAMILY HOMES

72

$254,709,786

$3,537,636

$1,078

40

98%

2023

54

$193,477,500

$3,582,917

$1,095

83

96%

PERCENT CHANGE

25%

24%

1%

2%

108%

2%

25%

$

2023

$

2022

2022

2023

2%

98% 2022

96% 2023

2%

AVERAGE DAYS ON MARKET

2022

PERCENTAGE OF LIST PRICE SOLD

% OF LIST PRICE SOLD

1,095

AVERAGE DAYS ON MARKET

1,078

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

54

SOLD VOLUME

72

NUMBER OF SALES

NUMBER OF SALES

YEAR

40 2022

83 2023

108%

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

23

SANTA ROSA BEACH

215 WOOD BEACH DRIVE 24

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

SANTA ROSA BEACH SINGLE FAMILY HOMES

514

$397,717,286

$773,769

$327

45

98%

2023

388

$308,037,314

$793,911

$330

83

97%

PERCENT CHANGE

25%

23%

3%

1%

84%

1%

25%

$

2023

$

2022

2022

2023

1%

98% 2022

97% 2023

1%

AVERAGE DAYS ON MARKET

2022

PERCENTAGE OF LIST PRICE SOLD

% OF LIST PRICE SOLD

330

AVERAGE DAYS ON MARKET

327

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

388

SOLD VOLUME

514

NUMBER OF SALES

NUMBER OF SALES

YEAR

45 2022

83 2023

84%

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

25

30A WEST

114 LOON LAKE DRIVE 26

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

30A WEST SINGLE FAMILY HOMES

438

$706,863,448

$1,613,843

$608

46

98%

2023

265

$460,033,463

$1,735,975

$636

85

96%

PERCENT CHANGE

39%

35%

8%

5%

85%

2%

39%

$

2023

$

2022

2022

2023

5%

98% 2022

96% 2023

2%

AVERAGE DAYS ON MARKET

2022

PERCENTAGE OF LIST PRICE SOLD

% OF LIST PRICE SOLD

636

AVERAGE DAYS ON MARKET

608

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE SOLD PRICE PER SQ.UARE FOOT

AVERAGE SOLD PRICE

265

SOLD VOLUME

438

NUMBER OF SALES

NUMBER OF SALES

YEAR

46 2022

85 2023

85%

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

27

NEW CONSTRUCTION | SOUTH WALTON

KAIYA BEACH RESORT 28

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

NEW CONSTRUCTION | SOUTH WALTON SINGLE FAMILY HOMES

323

$507,407,212

$1,570,920

$488

44

99%

2023

234

$413,881,955

$1,768,726

$545

46

99%

PERCENT CHANGE

28%

18%

13%

12%

5%

0%

28%

$

2023

$

2022

2022

2023

12%

99% 2022

99% 2023

0%

AVERAGE DAYS ON MARKET

2022

PERCENTAGE OF LIST PRICE SOLD

% OF LIST PRICE SOLD

545

AVERAGE DAYS ON MARKET

488

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

234

SOLD VOLUME

323

NUMBER OF SALES

NUMBER OF SALES

YEAR

44 2022

46 2023

5%

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

29

EMERALD COAST

DESTIN | SANDESTIN | MIRAMAR BEACH

AVERAGE SOLD PRICE

% GROWTH 2014 - 2023

156%

$2,000,000

$1,500,000

$600,739

$646,260

$718,754

$692,547

$861,337

$1,153,106

$1,407,840

$1,343,427

0

$567,575

$500,000

$524,493

$1,000,000

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

AVERAGE DAYS ON MARKET

% GROWTH 2014 - 2023

39%

400

300

200

30

113

98

95

2016

2017

2018

2019

2020

75

129

2015

36

131

2014

44

137

0

122

100

2021

2022

2023

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

EMERALD COAST

PRICE PER SQUARE FOOT

126%

% GROWTH 2014 - 2023

$800

$600

$400

$214

$224

$242

$257

$262

$297

$390

$481

$471

0

$208

$200

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

NUMBER OF SALES

11%

% GROWTH 2014 - 2023

1,200

1,000

800

714

758

788

811

872

1,059

1,225

795

586

0

662

600

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

31

SANDESTIN

32

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

SANDESTIN SINGLE FAMILY HOMES

169

$254,640,214

$1,506,747

$540

29

97%

2023

118

$204,079,247

$1,729,485

$584

62

95%

PERCENT CHANGE

30%

20%

15%

8%

114%

2%

30%

$

2023

$

2022

2022

2023

8%

97% 2022

95% 2023

2%

AVERAGE DAYS ON MARKET

2022

PERCENTAGE OF LIST PRICE SOLD

% OF LIST PRICE SOLD

584

AVERAGE DAYS ON MARKET

540

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

118

SOLD VOLUME

169

NUMBER OF SALES

NUMBER OF SALES

YEAR

29 2022

62 2023

114%

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

33

MIRAMAR BEACH

1871 BOARDWALK DRIVE 34

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

MIRAMAR BEACH SINGLE FAMILY HOMES

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE DAYS ON MARKET

% OF LIST PRICE SOLD

2022

214

$312,708,722

$1,461,256

$506

41

98%

2023

160

$206,827,469

$1,292,672

$467

97

96%

34%

12%

8%

137%

2%

25%

$

2023

$

2022

AVERAGE SOLD PRICE PER SQUARE FOOT

160

25%

214

NUMBER OF SALES

PERCENT CHANGE

2022

2023

8%

98% 2022

96% 2023

2%

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

PERCENTAGE OF LIST PRICE SOLD

SOLD VOLUME

467

NUMBER OF SALES

506

YEAR

41 2022

97 2023

137%

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

35

DESTIN

36

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

DESTIN SINGLE FAMILY HOMES

412

$551,884,162

$1,339,525

$443

37

97%

2023

308

$376,341,501

$1,221,888

$430

69

96%

PERCENT CHANGE

25%

32%

9%

3%

86%

1%

25%

$

2023

$

2022

2022

2023

3%

97% 2022

96% 2023

1%

AVERAGE DAYS ON MARKET

2022

PERCENTAGE OF LIST PRICE SOLD

% OF LIST PRICE SOLD

430

AVERAGE DAYS ON MARKET

443

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

308

SOLD VOLUME

412

NUMBER OF SALES

NUMBER OF SALES

YEAR

37 2022

69 2023

86%

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

37

DESTIN CONDOS

1080 HIGHWAY 98 804 38

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

DESTIN CONDOS

723

$474,173,748

$655,842

$516

48

98%

2023

491

$381,226,738

$776,429

$562

72

97%

PERCENT CHANGE

32%

20%

18%

9%

50%

1%

32%

$

2023

$

2022

2022

2023

9%

98% 2022

97% 2023

1%

AVERAGE DAYS ON MARKET

2022

PERCENTAGE OF LIST PRICE SOLD

% OF LIST PRICE SOLD

562

AVERAGE DAYS ON MARKET

516

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

491

SOLD VOLUME

723

NUMBER OF SALES

NUMBER OF SALES

YEAR

48 2022

72 2023

50%

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

39

FORT WALTON BEACH

40

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

FORT WALTON BEACH SINGLE FAMILY HOMES

1,207

$482,909,999

$400,091

$219

23

99%

2023

903

$369,971,182

$409,713

$225

37

98%

PERCENT CHANGE

25%

23%

2%

3%

61%

1%

25%

$

2023

$

2022

2022

2023

3%

99% 2022

98% 2023

1%

AVERAGE DAYS ON MARKET

2022

PERCENTAGE OF LIST PRICE SOLD

% OF LIST PRICE SOLD

225

AVERAGE DAYS ON MARKET

219

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

903

SOLD VOLUME

1,207

NUMBER OF SALES

NUMBER OF SALES

YEAR

23 2022

37 2023

61%

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

41

NAVARRE BEACH

42

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

NAVARRE BEACH SINGLE FAMILY HOMES

AVERAGE DAYS ON MARKET

% OF LIST PRICE SOLD

2022

45

$59,260,500

$1,316,900

$617

39

97%

2023

36

$50,440,248

$1,401,118

$619

110

95%

PERCENT CHANGE

20%

6%

0%

182%

2%

20%

619 $

617 $

2023

AVERAGE SOLD PRICE PER SQUARE FOOT

2022

15%

2022

2023

0%

97% 2022

95% 2023

2%

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE PER SQ. FT.

PERCENTAGE OF LIST PRICE SOLD

AVERAGE SOLD PRICE

36

SOLD VOLUME

45

NUMBER OF SALES

NUMBER OF SALES

YEAR

39 2022

110 2023

182%

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

43

NAVARRE BEACH CONDOS

8499 GULF BLVD 23 44

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

NAVARRE BEACH CONDOS

AVERAGE DAYS ON MARKET

% OF LIST PRICE SOLD

2022

82

$53,388,900

$651,084

$509

55

98%

2023

60

$41,775,210

$696,254

$550

61

96%

PERCENT CHANGE

27%

7%

8%

11%

2%

27%

550 $

509 $

2023

AVERAGE SOLD PRICE PER SQUARE FOOT

2022

22%

2022

2023

8%

98% 2022

96% 2023

2%

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE PER SQ. FT.

PERCENTAGE OF LIST PRICE SOLD

AVERAGE SOLD PRICE

60

SOLD VOLUME

82

NUMBER OF SALES

NUMBER OF SALES

YEAR

55 2022

61 2023

11%

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

45

PANAMA CITY BEACH

AVERAGE SOLD PRICE

% GROWTH 2013 - 2023

194%

$300,000 $200,000

2014

2015

2016

2017

2018

AVERAGE DAYS ON MARKET

2019

$441,294

$357,241

$312,780

$294,692

$400,000

$249,000

$500,000

$272,069

$600,000

$374,667

$700,000

2020

$529,645

$800,000

2021

$633,559

$900,000

2022

$733,207

$1,000,000

2023

39%

% GROWTH 2014 - 2023

200

150

100

46

107

97

100

79

66

68

44

36

69

0

114

50

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

PRICE PER SQUARE FOOT

447%

% GROWTH 2014 - 2023

$800

$744

PANAMA CITY BEACH

$700

$600

$327

$500

2016

2018

NUMBER OF SALES

2019

2020

$261

2017

$218

2015

$186

2014

$170

$161

$100

$147

$200

$136

$300

$194

$400

2021

% GROWTH 2014 - 2023

2022

2023

39%

1,500

1,250

1,000

872

931

940

918

1,027

1,139

1,287

1,103

1,028

500

742

750

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

47

PANAMA CITY BEACH

422 BAY POINT ROAD 48

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

PANAMA CITY BEACH SINGLE FAMILY HOMES

1,103

$698,815,030

$633,559

$327

36

98%

2023

1,028

$753,737,126

$733,207

$744

69

97%

PERCENT CHANGE

7%

8%

16%

127%

92%

1%

7%

$

2023

$

2022

2022

2023

127%

98% 2022

97% 2023

1%

AVERAGE DAYS ON MARKET

2022

PERCENTAGE OF LIST PRICE SOLD

% OF LIST PRICE SOLD

744

AVERAGE DAYS ON MARKET

327

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

1,028

SOLD VOLUME

1,103

NUMBER OF SALES

NUMBER OF SALES

YEAR

36 2022

69 2023

92%

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

49

PANAMA CITY BEACH CONDOS

50

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

PANAMA CITY BEACH CONDOS

1,644

$771,633,856

$469,364

$429

39

98%

2023

1,157

$555,950,107

$480,510

$440

70

96%

PERCENT CHANGE

30%

28%

2%

3%

79%

2%

30%

$

2023

$

2022

2022

2023

3%

98% 2022

96% 2023

2%

AVERAGE DAYS ON MARKET

2022

PERCENTAGE OF LIST PRICE SOLD

% OF LIST PRICE SOLD

440

AVERAGE DAYS ON MARKET

429

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

1,157

SOLD VOLUME

1,644

NUMBER OF SALES

NUMBER OF SALES

YEAR

39 2022

70 2023

79%

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

51

PANAMA CITY

526 BUNKERS COVE 52

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

PANAMA CITY SINGLE FAMILY HOMES

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE DAYS ON MARKET

% OF LIST PRICE SOLD

2022

2,129

$702,666,865

$330,045

$175

39

98%

2023

1,724

$579,032,427

$335,866

$183

59

98%

18%

2%

4%

51%

0%

19%

$

2023

$

2022

AVERAGE SOLD PRICE PER SQUARE FOOT

1,724

19%

2,129

NUMBER OF SALES

PERCENT CHANGE

2022

2023

4%

98% 2022

98% 2023

0%

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

PERCENTAGE OF LIST PRICE SOLD

SOLD VOLUME

183

NUMBER OF SALES

175

YEAR

39 2022

59 2023

51%

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

53

NEW CONSTRUCTION | BAY COUNTY

BREAKFAST POINT EAST 54

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

NEW CONSTRUCTION | BAY COUNTY SINGLE FAMILY HOMES

501

$231,319,022

$461,715

$224

39

100%

2023

598

$354,064,910

$592,082

$955

51

100%

PERCENT CHANGE

19%

53%

28%

326%

31%

0%

19%

$

2023

$

2022

2022

2023

326%

100% 2022

100% 2023

0%

AVERAGE DAYS ON MARKET

2022

PERCENTAGE OF LIST PRICE SOLD

% OF LIST PRICE SOLD

955

AVERAGE DAYS ON MARKET

224

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

598

SOLD VOLUME

501

NUMBER OF SALES

NUMBER OF SALES

YEAR

39 2022

51 2023

31%

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

55

FORGOTTEN COAST CAPE SAN BLAS | ST. GEORGE ISLAND

AVERAGE SOLD PRICE

% GROWTH 2014 - 2023

154%

$1,000,000

$800,000

$570,107

$617,147

$672,758

$654,059

$790,518

$1,071,145

$1,246,885

$1,203,200

$200,000

$563,336

$400,000

$489,459

$600,000

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

AVERAGE DAYS ON MARKET

% GROWTH 2014 - 2023

66%

400

300

200

56

218

176

207

356

121

127

64

57

82

0

244

100

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

FORGOTTEN COAST

PRICE PER SQUARE FOOT

% GROWTH 2014 - 2023

124%

$600

$500

$400

$300

$268

$277

$298

$307

$311

$366

$485

$573

$550

$100

$245

$200

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

NUMBER OF SALES

% GROWTH 2014 - 2023

16%

300

250

200

158

155

165

169

144

269

323

261

171

100

147

150

2014

2015

2016

2017

2018

2019

2020

2021

2022

2023

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

57

ST. GEORGE ISLAND

1248 E GULF BEACH DRIVE 58

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

ST. GEORGE ISLAND SINGLE FAMILY HOMES

AVERAGE DAYS ON MARKET

% OF LIST PRICE SOLD

2022

120

$153,697,348

$1,280,811

$589

77

95%

2023

88

$114,853,600

$1,305,155

$596

98

95%

PERCENT CHANGE

27%

2%

1%

27%

0%

27%

596 $

589 $

2023

AVERAGE SOLD PRICE PER SQUARE FOOT

2022

25%

2022

2023

1%

95% 2022

95% 2023

0%

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE PER SQ. FT.

PERCENTAGE OF LIST PRICE SOLD

AVERAGE SOLD PRICE

88

SOLD VOLUME

120

NUMBER OF SALES

NUMBER OF SALES

YEAR

77 2022

98 2023

27%

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

59

APALACHICOLA

28 7TH STREET 60

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

APALACHICOLA SINGLE FAMILY HOMES

AVERAGE DAYS ON MARKET

% OF LIST PRICE SOLD

2022

46

$17,687,505

$384,511

$234

121

94%

2023

42

$15,746,500

$374,917

$253

122

93%

9%

11%

2%

8%

1%

1%

2023

9%

$

42

2022

$

46

NUMBER OF SALES

PERCENT CHANGE

2022

2023

8%

94% 2022

93% 2023

1%

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE PER SQ. FT.

PERCENTAGE OF LIST PRICE SOLD

AVERAGE SOLD PRICE

253

SOLD VOLUME

234

NUMBER OF SALES

AVERAGE SOLD PRICE PER SQUARE FOOT

YEAR

121 2022

122 2023

1%

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

61

CAPE SAN BLAS

952 INDIAN PASS ROAD 62

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

CAPE SAN BLAS SINGLE FAMILY HOMES

141

$171,739,729

$1,218,012

$559

40

97%

2023

83

$90,893,675

$1,202,253

$500

65

95%

PERCENT CHANGE

41%

47%

1%

11%

63%

2%

41%

$

2023

$

2022

2022

2023

11%

97% 2022

95% 2023

2%

AVERAGE DAYS ON MARKET

2022

PERCENTAGE OF LIST PRICE SOLD

% OF LIST PRICE SOLD

500

AVERAGE DAYS ON MARKET

559

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE SOLD PRICE PER SQUARE FOOT

AVERAGE SOLD PRICE

83

SOLD VOLUME

141

NUMBER OF SALES

NUMBER OF SALES

YEAR

40 2022

65 2023

63%

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

63

PORT ST. JOE

64

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

PORT ST. JOE SINGLE FAMILY HOMES

AVERAGE SOLD PRICE PER SQ. FT.

AVERAGE DAYS ON MARKET

% OF LIST PRICE SOLD

2022

112

$39,265,573

$350,585

$233

43

96%

2023

86

$32,446,530

$377,285

$234

63

95%

17%

8%

0%

47%

1%

23%

$

2023

$

2022

AVERAGE SOLD PRICE PER SQUARE FOOT

86

23%

112

NUMBER OF SALES

PERCENT CHANGE

2022

2023

0%

96% 2022

95% 2023

1%

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

PERCENTAGE OF LIST PRICE SOLD

SOLD VOLUME

234

NUMBER OF SALES

233

YEAR

43 2022

63 2023

47%

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

65

MEXICO BEACH | ST. JOE BEACH

8105 HWY 98 66

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

MEXICO BEACH | ST. JOE BEACH SINGLE FAMILY HOMES

AVERAGE DAYS ON MARKET

% OF LIST PRICE SOLD

2022

166

$102,395,361

$616,840

$329

46

93%

2023

217

$136,220,671

$627,745

$323

112

97%

PERCENT CHANGE

31%

2%

2%

143%

5%

31%

323 $

329 $

2023

AVERAGE SOLD PRICE PER SQUARE FOOT

2022

33%

2022

2023

2%

93% 2022

97% 2023

5%

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE PER SQ. FT.

PERCENTAGE OF LIST PRICE SOLD

AVERAGE SOLD PRICE

217

SOLD VOLUME

166

NUMBER OF SALES

NUMBER OF SALES

YEAR

46 2022

112 2023

143%

ANNUAL REPORT 2023 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

67

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Get to know us at BeachPropertiesFLA.com EMERALD COAST | SOUTH WALTON | BAY COUNTY | FORGOTTEN COAST Market data for 2023 as of 1/8/24. Infromation reported is deemed reliable but is not guaranteeed. ©2024 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.