2019 : Q4 | Northwest Florida Market Report | Berkshire Hathaway HomeServices Beach Properties of FL

Page 1

2019 MARKET REPORT


MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


INSPIRE Living along the world?s most beautiful beaches, every day is filled with promise. I t 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. I nspiration 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. I n 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, I nspire 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. I nvestment-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? I s it the sound of crashing waves or the feel of the sugar-white sand beneath your feet? I s 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? I s 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 on the coast? 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 2020 the year we find your coastal inspiration.

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

#1 BROKERAGE ON 30A 2019 *Transactions

#1 BROKERAGE ON 30A EAST 2019 *Volume & Transactions

#1 BROKERAGE ON ST GEORGE ISLAND 2019 *Volume

TOP 3 BROKERAGE ON THE FORGOTTEN COAST 2019 *Volume

TOP 50 BROKERAGE WITHIN BERKSHIRE HATHAWAY HOMESERVICES 2016 & 2017 & 2018 *Gross Commission I ncome

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


30A AVERAGE SOLD PRICE $2,000,000

$1,500,000

$1,000,000

$500,000

61%

% GROWTH 2010 - 2019

0

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

AVERAGE DAYS ON MARKET 400

300

200

100

-63%

% GROWTH 2010 - 2019

0

2010

2011

2012

2013

2014

2015

2016

2017

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

2018

2019


30A PRICE PER SQUARE FOOT $400

$300

$200

$100

51%

% GROWTH 2010 - 2019

0

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

NUMBER OF SALES 1,000

750

500

250

178%

% GROWTH 2010 - 2019

0

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


DESTIN | SANDESTIN | MIRAMAR AVERAGE SOLD PRICE $800,000

$600,000

$400,000

$200,000

49%

% GROWTH 2010 - 2019

0

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

AVERAGE DAYS ON MARKET 400

300

200

100

-55%

% GROWTH 2010 - 2019

0

2010

2011

2012

2013

2014

2015

2016

2017

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

2018

2019


DESTIN | SANDESTIN | MIRAMAR PRICE PER SQUARE FOOT $400

$300

$200

$100

50%

% GROWTH 2010 - 2019

0

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

NUMBER OF SALES 800

600

400

200

84%

% GROWTH 2010 - 2019

0

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


PANAMA CITY BEACH AVERAGE SOLD PRICE $400,000

$300,000

$200,000

$100,000

65%

% GROWTH 2010 - 2019

0

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

AVERAGE DAYS ON MARKET 400

300

200

100

-60%

% GROWTH 2010 - 2019

0

2010

2011

2012

2013

2014

2015

2016

2017

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

2018

2019


PANAMA CITY BEACH PRICE PER SQUARE FOOT $200

$150

$100

$50

63%

% GROWTH 2010 - 2019

0

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

NUMBER OF SALES 1,000

750

500

250

115%

% GROWTH 2010 - 2019

0

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


FORGOTTEN COAST AVERAGE SOLD PRICE $400,000

$300,000

$200,000

$100,000

20%

% GROWTH 2010 - 2019

0

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

AVERAGE DAYS ON MARKET 400

300

200

100

-65%

% GROWTH 2010 - 2019

0

2010

2011

2012

2013

2014

2015

2016

2017

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

2018

2019


FORGOTTEN COAST PRICE PER SQUARE FOOT $200

$150

$100

$50

31%

% GROWTH 2010 - 2019

0

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

NUMBER OF SALES 600

500

400

300

0

112%

% GROWTH 2010 - 2019

200

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


30A

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


30A 30A OVERALL ROSEMARY BEACH ALYS BEACH WATERSOUND BEACH SEASI DE WATERCOLOR SANTA ROSA BEACH POI NT WASHI NGTON 30A WEST


30A OVERALL 30A

165 VERMILION WAY

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


30A OVERALL

970

1,074

2018

2019

$ 1,287,593

$ 1,165,036

2018

2019

$ 438

$ 433

2018

2019

159

150

11%

10%

1%

2018

2019

6%

96 %

97%

1%

2018

2019

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


ROSEMARY BEACH 30A

143 WIGGLE LANE

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


ROSEMARY BEACH

38

32

2018

2019

$ 2,455,371

$ 2,268,516

2018

2019

$ 748

$ 820

2018

2019

236

190

2018

2019

94 %

94 %

2018

2019

16%

8%

10%

19%

0%

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


ALYS BEACH 30A

11 MOONGATE COURT

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


ALYS BEACH

24

19

2018

2019

$ 3,332,294

$ 3,312,234

2018

2019

1%

$ 991

$ 992

2018

2019

1%

147

121

2018

2019

97%

97%

2018

2019

21%

18%

0%

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


WATERSOUND BEACH 30A

425 COOPERSMITH LANE

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


WATERSOUND BEACH

19

34

2018

2019

$ 2,629,842

$ 2,617,206

2018

2019

$ 711

$ 689

2018

2019

194

191

79%

1%

3%

2018

2019

2%

94 %

95 %

2018

2019

1%

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


SEASIDE 30A

2314 EAST COUNTY HWY 30A

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


SEASIDE

22

24

2018

2019

$ 1,580,473

$ 2,369,250

2018

2019

$ 991

$ 1,102

2018

2019

194

119

2018

2019

95 %

94 %

2018

2019

9%

50%

11%

39%

1%

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


WATERCOLOR 30A

165 VERMILION WAY

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


WATERCOLOR

98

80

2018

2019

$ 1,705,467

$ 1,857,667

2018

2019

$ 520

$ 546

2018

2019

202

142

2018

2019

95 %

96 %

2018

2019

18%

9%

5%

30%

1%

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


30A WEST 30A

31 LUPINE ROAD

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


30A WEST

291

344

2018

2019

$ 955,578

$ 872,427

2018

2019

9%

$ 356

$ 341

2018

2019

4%

125

138

2018

2019

97%

97%

2018

2019

18%

10%

0%

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


SANTA ROSA BEACH | POINT WASHINGTON 30A

251 TURQUOISE BEACH DRIVE

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


SANTA ROSA BEACH | POINT WASHINGTON

414

433

2018

2019

$ 383,170

$ 402,281

2018

2019

5%

$ 178

$ 182

2018

2019

2%

133

108

2018

2019

98 %

98 %

2018

2019

5%

19%

0%

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


NC


NEW CONSTRUCTION SOUTH WALTON


NEW CONSTRUCTION NC

LOT 50 SOUTH COMPASS POINT WAY

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


NEW CONSTRUCTION

273

315

2018

2019

$ 876,765

$ 811,990

2018

2019

$ 299

$ 295

2018

2019

122

89

2018

2019

99 %

99 %

2018

2019

15%

7%

1%

27%

0%

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


EC


EMERALD COAST SANDESTI N MI RAMAR BEACH DESTI N NAVARRE


SANDESTIN EC

2941 PINE VALLEY DRIVE

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


SANDESTIN

154

160

2018

2019

$ 783,277

$ 772,184

2018

2019

1%

$ 287

$ 297

2018

2019

3%

165

145

2018

2019

95 %

96 %

2018

2019

4%

12%

1%

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


MIRAMAR BEACH EC

226 NORTH ST FRANCIS DRIVE

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


MIRAMAR BEACH

207

201

2018

2019

$ 696,432

$ 762,636

2018

2019

$ 267

$ 280

2018

2019

139

128

2018

2019

96 %

96 %

2018

2019

3%

10%

5%

8%

0%

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


DESTIN EC

71 VISTA BLUFFS

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


DESTIN

450

511

2018

2019

$ 706,941

$ 640,043

2018

2019

9%

$ 242

$ 244

2018

2019

1%

149

134

2018

2019

96 %

97%

2018

2019

14%

10%

1%

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


NAVARRE EC

8477 GULF BLVD UNIT 1603

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


NAVARRE

1,282

1,165

2018

2019

$ 271,974

$ 298,222

2018

2019

$ 133

$ 143

2018

2019

58

59

2018

2019

99 %

99 %

2018

2019

9%

10%

8%

2%

0%

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


BC


BAY COUNTY PANAMA CI TY BEACH CONDOS PANAMA CI TY BEACH PANAMA CI TY


PANAMA CITY BEACH CONDOS BC

11347 FRONT BEACH ROAD UNIT #1206

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


PANAMA CITY BEACH CONDOS

1,575

1,553

2018

2019

$ 273,143

$ 280,090

2018

2019

3%

$ 236

$ 240

2018

2019

2%

93

77

2018

2019

97%

97%

2018

2019

1%

17%

0%

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


PANAMA CITY BEACH BC

14208 FRONT BEACH ROAD

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


PANAMA CITY BEACH

918

1,027

2018

2019

$ 357,242

$ 374,512

2018

2019

$ 186

$ 196

2018

2019

81

67

2018

2019

97%

97%

2018

2019

12%

5%

4%

17%

0%

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


PANAMA CITY BC

211 SHOREVIEW DRIVE

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


PANAMA CITY

1,353

1,797

2018

2019

$ 207,578

$ 201,764

2018

2019

3%

$ 116

$ 114

2018

2019

2%

70

44

2018

2019

97%

97%

2018

2019

33%

37%

0%

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


FC


FORGOTTEN COAST APALACHI COLA ST. GEORGE I SLAND CAPE SAN BLAS MEXI CO BEACH / ST. JOE BEACH PORT ST. JOE


APALACHICOLA FC

154 BAY AVE

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


APALACHICOLA

48

35

2018

2019

$ 289,042

$ 216,519

2018

2019

$ 159

$ 158

2018

2019

237

133

2018

2019

93 %

93 %

2018

2019

27%

25%

1%

44%

0%

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


ST. GEORGE ISLAND FC

1552 SEASIDE DRIVE

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


ST. GEORGE ISLAND

98

75

2018

2019

$ 677,879

$ 694,687

2018

2019

$ 296

$ 336

2018

2019

236

131

2018

2019

94 %

92 %

2018

2019

23%

2%

14%

44%

2%

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


CAPE SAN BLAS FC

131 TURTLE WALK

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


CAPE SAN BLAS

71

72

2018

2019

$ 665,689

$ 599,270

2018

2019

10%

$ 323

$ 284

2018

2019

12%

230

106

2018

2019

92 %

94 %

2018

1%

54%

1%

2019

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


MEXICO BEACH | ST. JOE BEACH FC

8709 HIGHWAY 98 WEST

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


MEXICO BEACH | ST. JOE BEACH

102

132

2018

2019

$ 346,230

$ 310,817

2018

2019

$ 231

$ 181

2018

2019

137

67

2018

2019

96 %

87%

2018

2019

29%

10%

22%

51%

8%

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


PORT ST. JOE FC

127 HUNTER CIRCLE

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


PORT ST. JOE

75

103

2018

2019

$ 200,525

$ 173,463

2018

2019

13%

$ 133

$ 113

2018

2019

15%

102

56

2018

2019

93 %

95 %

2018

2019

37%

45%

2%

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


LOCALLY KNOWN.

NATIONALLY RECOGNIZED.

GLOBALLY RESPECTED.

28 B WaterColor Way WaterColor, Florida 32459 www.BeachPropertiesFLA.com ©2020 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.