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.