2017 | Market Report | Beach Properties of Florida

MARKET REPORT | 2017

Ten Years.

A decade is a significant chapter in any story. For us, this past decade was a period of humble beginnings, exceptional growth and the realization of dreams for our clients, our agents and ourselves.

When we established Beach Properties of Florida ten years ago, our primary goal was to deliver a higher standard of service to our clients throughout the home purchasing process. To this day, that singular goal drives us. Every listing we take, every transaction we close, every strategic initiative we employ, all is driven by our commitment to exceeding expectations for each and every client.

Our core values represent our team both personally and professionally: We are customer focused, we respect each other, we are collaborators, we act with integrity, communication is paramount and our professionalism, enthusiasm and dedication deliver successful results.

In 2016, we joined Berkshire Hathaway HomeServices because we identified with their commitment to innovation, their growth strategy and the significance of aligning ourselves with one of the world’s most admired brands. We saw an opportunity to blend our expertise and client-centric approach to real estate with an internationally respected company renowned for its sound business practices and commitment to excellence.

Over the past ten years, Beach Properties of Florida has grown substantially, with offices across the Florida Panhandle. So whether you’re looking for a Gulf-front townhouse in Panama City Beach, a rental-ready home along 30A or a quiet family respite on St. George Island, we have the perfect agent to help you find the perfect home.

Ten years. Our first chapter is complete, but we have more stories to tell.

Thank You for an Incredible Decade.

Hunter Harman

Price Rainer

John David Sullivan

BROKER/OWNER

OWNER

OWNER

CUSTOMER FOCUSED RESPECT COLLABORATORS INTEGRITY PROFESSIONALISM ENTHUSIASM DEDICATION SUCCESSFUL RESULTS COMMITMENT TO INNOVATION

4

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

#

1

BROKERAGE ON 30A 2017 *Transactions and Volume

#

1

BROKERAGE IN SOUTH WALTON FROM SANDESTIN TO INLET BEACH 2017 *Volume

#

1

TEAM ON ST. GEORGE ISLAND 2017 *Volume

28% YEAR OVER YEAR GROWTH 2016 - 2017 *Volume

TOP 50 BROKERAGE WITHIN BERKSHIRE HATHAWAY HOMESERVICES 2016 & 2017 *Gross Commission Income

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

5

HOW’S THE MARKET? We hear that question daily.

We analyze the market. We look for trends. We compare changes in key market statistics month over month and year over year.

We look for evidence of sustained growth, or loss, and look for examples of inflated growth. We take into account national and regional events that can account for changes in our local market, such as natural disasters or political events.

The real estate market has seen dramatic changes over the past ten years, but the data for Northwest Florida’s coastal markets is encouraging. Steady growth rates show a strengthening market, as evidenced by the growing average prices and the reduction in days on the market.

So… how’s the market?

Let Us Show You.

#GOODTOKNOW AVERAGE SOLD PRICE : The average sold price of a property.

PRICE PER SQUARE FOOT : The average sold price per square foot.

AVERAGE DAYS ON MARKET : An average of a property’s cumulative days on the market prior to its sale.

NUMBER OF SALES : Total number of residential home sales.

All reporting is based on sales data for Residential, Detached Single Family properties.

All information is deemed to be reliable, but is not guaranteed.

30A AVERAGE SOLD PRICE

AVERAGE DAYS ON MARKET

8

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

30A PRICE PER SQUARE FOOT

NUMBER OF SALES

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

9

DESTIN | SANDESTIN | MIRAMAR AVERAGE SOLD PRICE

AVERAGE DAYS ON MARKET

10

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

DESTIN | SANDESTIN | MIRAMAR PRICE PER SQUARE FOOT

NUMBER OF SALES

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

11

PANAMA CITY BEACH AVERAGE SOLD PRICE

AVERAGE DAYS ON MARKET

12

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

PANAMA CITY BEACH PRICE PER SQUARE FOOT

NUMBER OF SALES

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

13

ST. GEORGE ISLAND AVERAGE SOLD PRICE

AVERAGE DAYS ON MARKET

14

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

ST. GEORGE ISLAND PRICE PER SQUARE FOOT

NUMBER OF SALES

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

15

30A

“Price is what you pay.

Value is what you get.”

WARREN BUFFET CEO, BERSHIRE HATHAWAY INC.

16

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

30A 30A OVERALL ROSEMARY BEACH ALYS BEACH WATERSOUND BEACH SEASIDE WATERCOLOR SANTA ROSA BEACH

30A OVERALL 30A

18

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

30A OVERALL

889

1,018

NUMBER OF SALES 20 1 6

NUMBER OF SALES 2017

$

1,111,652

AVERAGE SOLD PRICE 20 1 6

$

403

$

1,216,649

AVERAGE SOLD PRICE 2017

$

426

AVERAGE PRICE PER SQUARE FOOT 20 1 6

AVERAGE PRICE PER SQUARE FOOT 2017

168

164

AVERAGE DAYS ON MARKET 20 1 6

AVERAGE DAYS ON MARKET 2017

96%

96%

PERCENTAGE OF LIST PRICE SOLD 20 1 6

PERCENTAGE OF LIST PRICE SOLD 2017

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

19

ROSEMARY BEACH 30A

20

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

ROSEMARY BEACH

$

48

47

NUMBER OF SALES 20 1 6

NUMBER OF SALES 2017

2,864,562 AVERAGE SOLD PRICE 20 1 6

$

840

$

2,675,913 AVERAGE SOLD PRICE 2017

$

848

AVERAGE PRICE PER SQUARE FOOT 20 1 6

AVERAGE PRICE PER SQUARE FOOT 2017

266

209

AVERAGE DAYS ON MARKET 20 1 6

AVERAGE DAYS ON MARKET 2017

93%

93%

PERCENTAGE OF LIST PRICE SOLD 20 1 6

PERCENTAGE OF LIST PRICE SOLD 2017

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

21

ALYS BEACH 30A

22

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

ALYS BEACH

$

21

25

NUMBER OF SALES 20 1 6

NUMBER OF SALES 2017

2,626,569 AVERAGE SOLD PRICE 20 1 6

$

793

$

2,631,051

AVERAGE SOLD PRICE 2017

$

900

AVERAGE PRICE PER SQUARE FOOT 20 1 6

AVERAGE PRICE PER SQUARE FOOT 2017

113

163

AVERAGE DAYS ON MARKET 20 1 6

AVERAGE DAYS ON MARKET 2017

96%

97%

PERCENTAGE OF LIST PRICE SOLD 20 1 6

PERCENTAGE OF LIST PRICE SOLD 2017

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

23

WATERSOUND BEACH 30A

24

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

WATERSOUND BEACH

$

35

40

NUMBER OF SALES 20 1 6

NUMBER OF SALES 2017

2,188,352

AVERAGE SOLD PRICE 20 1 6

$

612

$

2,792,550 AVERAGE SOLD PRICE 2017

$

686

AVERAGE PRICE PER SQUARE FOOT 20 1 6

AVERAGE PRICE PER SQUARE FOOT 2017

137

200

AVERAGE DAYS ON MARKET 20 1 6

AVERAGE DAYS ON MARKET 2017

96%

95%

PERCENTAGE OF LIST PRICE SOLD 20 1 6

PERCENTAGE OF LIST PRICE SOLD 2017

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

25

WATERCOLOR 30A

26

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

WATERCOLOR

$

108

101

NUMBER OF SALES 20 1 6

NUMBER OF SALES 2017

1,551,315

AVERAGE SOLD PRICE 20 1 6

$

488

$

1,777,021

AVERAGE SOLD PRICE 2017

$

526

AVERAGE PRICE PER SQUARE FOOT 20 1 6

AVERAGE PRICE PER SQUARE FOOT 2017

181

230

AVERAGE DAYS ON MARKET 20 1 6

AVERAGE DAYS ON MARKET 2017

95%

95%

PERCENTAGE OF LIST PRICE SOLD 20 1 6

PERCENTAGE OF LIST PRICE SOLD 2017

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

27

SEASIDE 30A

28

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

SEASIDE

$

12

12

NUMBER OF SALES 20 1 6

NUMBER OF SALES 2017

1,937,500

AVERAGE SOLD PRICE 20 1 6

$

841

$

1,878,583 AVERAGE SOLD PRICE 2017

$

1076

AVERAGE PRICE PER SQUARE FOOT 20 1 6

AVERAGE PRICE PER SQUARE FOOT 2017

272

171

AVERAGE DAYS ON MARKET 20 1 6

AVERAGE DAYS ON MARKET 2017

93%

93%

PERCENTAGE OF LIST PRICE SOLD 20 1 6

PERCENTAGE OF LIST PRICE SOLD 2017

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

29

SANTA ROSA BEACH 30A

30

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

SANTA ROSA BEACH

406

417

NUMBER OF SALES 20 1 6

NUMBER OF SALES 2017

$

308,438

AVERAGE SOLD PRICE 20 1 6

$

152

$

375,587

AVERAGE SOLD PRICE 2017

$

172

AVERAGE PRICE PER SQUARE FOOT 20 1 6

AVERAGE PRICE PER SQUARE FOOT 2017

114

121

AVERAGE DAYS ON MARKET 20 1 6

AVERAGE DAYS ON MARKET 2017

98%

97%

PERCENTAGE OF LIST PRICE SOLD 20 1 6

PERCENTAGE OF LIST PRICE SOLD 2017

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

31

NC

N

NEW CONSTRUCTION SOUTH WALTON

NEW CONSTRUCTION NC

34

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

NEW CONSTRUCTION

268

322

NUMBER OF SALES 20 1 6

NUMBER OF SALES 2017

$

661,807

AVERAGE SOLD PRICE 20 1 6

$

252

$

824,212

AVERAGE SOLD PRICE 2017

$

294

AVERAGE PRICE PER SQUARE FOOT 20 1 6

AVERAGE PRICE PER SQUARE FOOT 2017

109

122

AVERAGE DAYS ON MARKET 20 1 6

AVERAGE DAYS ON MARKET 2017

99%

99%

PERCENTAGE OF LIST PRICE SOLD 20 1 6

PERCENTAGE OF LIST PRICE SOLD 2017

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

35

EC

EMERALD COAST SANDESTIN MIRAMAR BEACH DESTIN

SANDESTIN EC

38

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

SANDESTIN

140

149

NUMBER OF SALES 20 1 6

NUMBER OF SALES 2017

$

695,230

AVERAGE SOLD PRICE 20 1 6

$

265

$

744,936

AVERAGE SOLD PRICE 2017

$

272

AVERAGE PRICE PER SQUARE FOOT 20 1 6

AVERAGE PRICE PER SQUARE FOOT 2017

210

199

AVERAGE DAYS ON MARKET 20 1 6

AVERAGE DAYS ON MARKET 2017

94%

95%

PERCENTAGE OF LIST PRICE SOLD 20 1 6

PERCENTAGE OF LIST PRICE SOLD 2017

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

39

MIRAMAR BEACH EC

40

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

MIRAMAR BEACH

177

187

NUMBER OF SALES 20 1 6

NUMBER OF SALES 2017

$

565,472

AVERAGE SOLD PRICE 20 1 6

$

235

$

639,613

AVERAGE SOLD PRICE 2017

$

251

AVERAGE PRICE PER SQUARE FOOT 20 1 6

AVERAGE PRICE PER SQUARE FOOT 2017

163

171

AVERAGE DAYS ON MARKET 20 1 6

AVERAGE DAYS ON MARKET 2017

96%

96%

PERCENTAGE OF LIST PRICE SOLD 20 1 6

PERCENTAGE OF LIST PRICE SOLD 2017

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

41

DESTIN EC

42

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

DESTIN

441

452

NUMBER OF SALES 20 1 6

NUMBER OF SALES 2017

$

584,897

AVERAGE SOLD PRICE 20 1 6

$

207

$

616,481

AVERAGE SOLD PRICE 2017

$

228

AVERAGE PRICE PER SQUARE FOOT 20 1 6

AVERAGE PRICE PER SQUARE FOOT 2017

155

170

AVERAGE DAYS ON MARKET 20 1 6

AVERAGE DAYS ON MARKET 2017

96%

96%

PERCENTAGE OF LIST PRICE SOLD 20 1 6

PERCENTAGE OF LIST PRICE SOLD 2017

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

43

BC

BAY COUNTY PANAMA CITY BEACH PANAMA CITY

PANAMA CITY BEACH BC

46

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

PANAMA CITY BEACH

939

964

NUMBER OF SALES 20 1 6

NUMBER OF SALES 2017

286,628

$

$

AVERAGE SOLD PRICE 20 1 6

$

155

311,591

AVERAGE SOLD PRICE 2017

$

169

AVERAGE PRICE PER SQUARE FOOT 20 1 6

AVERAGE PRICE PER SQUARE FOOT 2017

112

115

AVERAGE DAYS ON MARKET 20 1 6

AVERAGE DAYS ON MARKET 2017

96%

97%

PERCENTAGE OF LIST PRICE SOLD 20 1 6

PERCENTAGE OF LIST PRICE SOLD 2017

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

47

PANAMA CITY BC

48

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

PANAMA CITY

1,252

1,397

NUMBER OF SALES 20 1 6

NUMBER OF SALES 2017

$

172,089

AVERAGE SOLD PRICE 20 1 6

$

94

$

196,774

AVERAGE SOLD PRICE 2017

$

107

AVERAGE PRICE PER SQUARE FOOT 20 1 6

AVERAGE PRICE PER SQUARE FOOT 2017

94

85

AVERAGE DAYS ON MARKET 20 1 6

AVERAGE DAYS ON MARKET 2017

97%

97%

PERCENTAGE OF LIST PRICE SOLD 20 1 6

PERCENTAGE OF LIST PRICE SOLD 2017

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

49

FC

FORGOTTEN COAST APALACHICOLA ST. GEORGE ISLAND

APALACHICOLA FC

52

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

APALACHICOLA

44

47

NUMBER OF SALES 20 1 6

NUMBER OF SALES 2017

$

193,353

AVERAGE SOLD PRICE 20 1 6

$

123

$

211,819

AVERAGE SOLD PRICE 2017

$

139

AVERAGE PRICE PER SQUARE FOOT 20 1 6

AVERAGE PRICE PER SQUARE FOOT 2017

135

218

AVERAGE DAYS ON MARKET 20 1 6

AVERAGE DAYS ON MARKET 2017

95%

93%

PERCENTAGE OF LIST PRICE SOLD 20 1 6

PERCENTAGE OF LIST PRICE SOLD 2017

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

53

ST. GEORGE ISLAND FC

54

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

ST. GEORGE ISLAND

92

88

NUMBER OF SALES 20 1 6

NUMBER OF SALES 2017

$

578,747

AVERAGE SOLD PRICE 20 1 6

$

283

$

672,363

AVERAGE SOLD PRICE 2017

$

308

AVERAGE PRICE PER SQUARE FOOT 20 1 6

AVERAGE PRICE PER SQUARE FOOT 2017

115

154

AVERAGE DAYS ON MARKET 20 1 6

AVERAGE DAYS ON MARKET 2017

96%

93%

PERCENTAGE OF LIST PRICE SOLD 20 1 6

PERCENTAGE OF LIST PRICE SOLD 2017

MARKET REPORT 2017 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

55

LOCALLY KNOWN. NATIONALLY RECOGNIZED. GLOBALLY RESPECTED.

49A WaterColor Way, WaterColor, FL 32459 www.BeachPropertiesFLA.com ©2018 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.