Q3 2016 Home Market Report for 30A

QUARTERLY MARKET REPORT FOR YTD 9/30/16

Erin Oden is the principal broker and owner of Coastal Luxury. Erin maintains a strong emphasis on intimate market knowledge and a high level of investment in focused niche marketing. Staying closely attuned to the trends to keep clients aligned with the market for peak opportunity, as well as strategically marketing clients’ properties above the expectation and the competition has proven successful and rewarding.

Having consistently ranked as a top producer in

the top 1% of agents, and known for selling many of our area's record highest sales, Erin has closed $43 million in residential area sales this past year, continuing to represent the successful sales of our coast's finest residences.

I F YO U A R E L O O K I N G TO S UCC E S S F U L LY S E L L YO UR LUX URY P RO P E RTY TH I S SE A SO N , I WO ULD L OV E TH E P L E ASURE O F HE A R I N G F RO M YO U!

Call Erin Oden Directly at 850.502.1220 Erin@CoastalLuxury.com

CONSIDERING SELLING? OR LOOKING TO BUY? CoastalLuxury.com

SCE N IC H W Y 30A COR R I DOR

A quick review of the overall 30A home market

Erin Oden continues to rank in the Top 1% of Producers, with Focus and Proven Expertise in The Luxury and Gulf-front Market Segments.

CONSIDERING SELLING?

Call Erin Oden Directly at 850.502.1220 Erin@CoastalLuxury.com

Erin Oden • closed $133 million in recent residential sales from 2011 to 2015 • closed $43 million in residential sales in 2015 • remains in the top 1% of ECAR agents • lends proven expertise in the luxury market, with 84% of 2015 sales closing at +$1 million Statistics for local residential sales. Statistics according to data gathered from FLEX MLS. Deemed reliable but not guaranteed.

Pg. 2 - Quarterly Market Report for Y TD 9/31/16

928

913

7.9

30A CORRIDOR

8.7

M A R K E T R E P O R T F O R Y T D 9/ 3 0/ 1 6

MARKET REPORT FOR YTD 9/30/16

CURRENT AVAILABILITYTransactions & SUPPLY Statistics for detached residences, attached units, and condos only; EXCLUDES vacant land.

928913

928

928 9/30/15

Volume % of List Price

913

7.9

7.9

913

9/30/15

PROPERTIES ON MARKET

8.7

$921,429,522

$884,480,818

8.7

7.9

9/30/16

8.7

*What does this mean?

If no other homes were to enter the market, it would 4%+ take just 8.7 months for the 1,002 95% 95% current inventory to sell out at the current rate of sales.

1,005 9/30/16

2015

MONTHS OF INVENTORY

2016

SALES & AVERAGE SALES PRICES Statistics for detached residences, attached units, and condos only; EXCLUDES vacant land.

Transactions Transactions CLOSED TRANSACTIONS & CLOSED SALES VOLUMES Volume Volume of List Price % of List% Price Transactions

AVERAGE SALES PRICES

Volume $921,429,522 $921,429,522 $884,480,818 $884,480,818 % of List Price

$884,480,818

$921,429,522 4%+

1,005 1,005

4%+

4%+ 1,002

1,002 1,005 95% 95% 1,002 95%

2015 2015YTD2015 9/30/15

95% 95%

880,080 80

2016

2016 2016 YTD 9/30/16

Average Sales Price Average Sales Price Average Days on Market Price perFoot Square Foot Price per Square $919,590 Average Days on Market Average Days on Market

$919,590 $919,590

$377

95%

The 30A corridor home and condo dollar sales volume approached near a billion dollars for the first 9 months of 2016. This was up 4% from 2015 commensurate with an increase in average sales price as the number of transactions was flat. Q3 was up 9% propelled by:

• a 4% increase in transactions and Average Sales Price

• a 5% average sales price increase Price per Square Foot

$880,080

$919,590

$880,080

$392

183 4%+

2015 YTD 9/30/15

Average Sales Price Price per Square Foot Average Days on Market

4%+

155 15%-

YTD 2016 9/30/16

The average dollar per square foot of sold properties is up 4% for the year. We saw the average days on the market at 142 for Q3, down 19% from Q3 2015.

We were somewhat surprised to see the inventory slightly down at the end of Q3 versus prior year. This gives us confidence that the enthusiasm for our market is continuing through 2016.

30A Corridor - Pg. 3

WAT ER SOU N D BEACH

The number of sales transactions for WaterSound Beach is down YTD as well as Q3. However, the average sales price and dollar per square foot are up 5% and 4% respectively for the year.

This has generally been the recent trend for WaterSound Beach.

At the end of September, 49 homes were on the market ranging from a condo offered at $865 thousand to a luxury beach home offered at $ 7.0 million. As in years past, I have recently had the pleasure to personally represent a number of exceptional transactions in this lovely community.

WaterSound Beach certainly defines the coastal elements and lifestyle of 30A. We anticipate values and demand to remain strong in 2016.

Pg. 4 - Quarterly Market Report for Y TD 9/31/16

~ Erin Oden

49 41

12 8.2

WATERSOUND BEACH M A R K E T R E P O R T F O R Y T D 9/ 3 0/ 1 6

CURRENT AVAILABILITY & SUPPLY Transactions Statistics for detached residences, attached units, and condos only; EXCLUDES vacant land.

Volume % of List Price

49 49

41 41

$77,628,500

$72,046,125 *What does this mean?

49 9/30/15

41 9/30/16

8.2 8.2 9/30/15

PROPERTIES ON MARKET

12.312.3 42

9/30/16

12.3 MONTHS8.2 OF INVENTORY

If no other homes were to enter the market, it would take 12.3 months for the current inventory to sell out 95% 96% at the current 37 rate of sales.

12%-

7%-

2014

2015

Access and Search WaterSound Beach Properties at CoastalLuxury.com/WaterSoundBeach

SALES & AVERAGE SALES PRICES Statistics for detached residences, attached units, and condos only; EXCLUDES vacant land.

Transactions Transactions CLOSED TRANSACTIONS & CLOSED SALES VOLUMES Volume Volume of Price List Price % of% List Transactions $77,628,500 $77,628,500 Volume

$77,628,500

95% 95% 42

20142014

Average Sales Price Price per Square Foot Average Days on Market

$72,046,125 $72,046,125

% of List Price

42 42

AVERAGE SALES PRICES

$72,046,125

37 37 95%

96% 96%

377%12%-12%7%12%2015 7%2015

YTD2014 9/30/15

96%

2015 YTD 9/30/16

$1,947,193

$1,848,298 $600

$627

176 5%+

4%+

149 15%-

2014 YTD 9/30/15

2015 YTD 9/30/16

Stay on Top of WaterSound Beach Sales Activity!

View ALL WaterSound Beach new listings AND sales transactions LIVE as they hit the market!

And receive comprehensive market updates in your inbox. Drop the enclosed response card in the mail and we will keep you informed on YOUR market!

$1,848,298

Average Sales Price CoastalLuxury.com/WaterSoundBeach

Average Sales Price Foot Price per Square Average Sales Price Statistics according to data gathered from Price combined properties (detached homes, attached units and condos). Deemed reliable but not guaranteed. perforSquare Foot Average Daysresidential on Market PriceFLEX per MLS Square Foot Average on Market Average DaysDays on Market WaterSound Beach - Pg. 5 $1,947,193

WAT ERCOLOR

WaterColor continues to have a very vibrant 2016 with the number of YTD sales transactions up 17% over prior year. We continue to see a slight trend of fewer properties on the market and lower inventories plus a decrease in time on the market for sold properties.

WaterColor’s charm continues to attract homeowners.

At the end of September, 86 homes were on the market.

The average sale price for sold properties continues to be around $1.5 million with current listed properties ranging from a $729 thousand condo to a $6.0 million luxury home. We anticipate the market will continue its vibrancy in 2016.

~ Erin Oden

Pg. 6 - Quarterly Market Report for Y TD 9/31/16

94

86 13.4

WATERCOLOR

M A R K E T R E P O R T F O R Y T D 9/ 3 0/ 1 6

CURRENT AVAILABILITY & SUPPLY Transactions Statistics for detached residences, attached units, and condos only; EXCLUDES vacant land.

94 94

Volume % of List Price

86 86 13.413.4 94

9/30/15

86 9/30/15

9/30/16

13.4

$135,705,500 *What does this mean? $114,639,000 If no other homes were to enter the market, it would take 10.8 months for 18%+ the current inventory to sell out at the 94% 91 94% 78 current rate of sales.

10.810.8 9/30/16

17%+

10.8 MONTHS OF INVENTORY

PROPERTIES ON MARKET

2014

2015

Access and Search WaterColor Properties at CoastalLuxury.com/WaterColor

SALES & AVERAGE SALES PRICES Statistics for detached residences, attached units, and condos only; EXCLUDES vacant land.

Transactions ransactions CLOSED TRANSACTIONS & CLOSED SALES VOLUMES Volume olume % of List % of List PricePrice Transactions Volume % of List Price

$114,639,000 $114,639,000

AVERAGE SALES PRICES Average Sales Price Price per Square Foot Average Days on Market

$135,705,500 $135,705,500 $135,705,500

$114,639,000

$1,491,269

$1,469,731

18%+ 18%+

78 78

94% 91 91 94% 78

20142014

18%+ 94% 94%

94% 91 17%+17%+ 17%+ 20152015

2014 YTD 9/30/15

$494

94%

2015 YTD 9/30/16

249

$480 1%+

YTD2014 9/30/15

3%-

170 32%-

2015 YTD 9/30/16

Stay on Top of WaterColor Sales Activity!

View ALL WaterColor new listings AND sales transactions LIVE as they hit the market!

And receive comprehensive market updates in your inbox. Drop the enclosed response card in the mail and we will keep you informed on YOUR market!

1,469,731

Average Sales Price CoastalLuxury.com/WaterColor

PriceSales per Square Average Price Foot Average Sales Price Average Days on Market Statistics according to data gathered from Price combined properties (detached homes, attached units and condos). Deemed reliable but not guaranteed. perforSquare Foot PriceFLEX per MLS Square Footresidential Average Days on Market Average Days on Market WaterColor - Pg. 7 $1,491,269

10

ROSEMARY BCH

Even though Rosemary’s number of transactions is somewhat down for the first three quarters, dollar sales volume is up significantly. This is on the strength of the dollar per square foot of sold properties increasing to $800 for the year and $834 for the 3rd quarter. Clearly, this has captured the attention of potential sellers as we have seen a ramp up of properties on the market and an increase in inventory. Also notable is that the number of transactions for Q3 were up 8% over the same prior year period.

Pg. 8 - Quarterly Market Report for Y TD 9/31/16

Construction of new condos, along with commercial space, continues to progress on the south side of town center and is expected to begin soon in north town center. At the end of Q3, there were 70 properties on the market with an average list price at $3.0 million. Prices ranged from an $835 thousand home to a $14.5 million beachfront property. This year, I have had the pleasure to personally represent several exceptional transactions in this lovely community. We anticipate Rosemary’s market to remain vibrant in the months ahead.

- Erin Oden

70

49

9.8

17.5

ROSEMARY BCH

M A R K E T R E P O R T F O R Y T D 9/ 3 0/ 1 6

CURRENT AVAILABILITY & SUPPLY Statistics for detached residences, attached units, and condos only; EXCLUDES vacant land.

Transactions

70 49

49

Volume % of List Price

70

$117,327,000

$100,827,45017.5 17.5 9.8

9.8 70

49 9/30/15

9/30/16

57

17.5

9.8 PROPERTIES ON MARKET

9/30/15

92% 9/30/16

92%

46

19%MONTHS OF INVENTORY

16%+

2015

2016

Access and Search Rosemary Bch Properties at CoastalLuxury.com/RosemaryBch

SALES & AVERAGE SALES PRICES Statistics for detached residences, attached units, and condos only; EXCLUDES vacant land.

Transactions Transactions AVERAGE SALES PRICES CLOSED TRANSACTIONSVolume & CLOSED SALES VOLUMES Volume % of List Price % of List Price

Transactions Volume % of List Price

Average Sales Price Price per Square Foot Average Days on Market

$117,327,000$117,327,000 $100,827,450 $100,827,450

$100,827,450

92% 2015 YTD2015 9/30/15

$2,550,587 $1,768,903

92% 57

57 57

$117,327,000

46

92%

92% 46 19%- 16%+ 19%- 2015 16%+ 2016

92%

92% 46 19%- 16%+

$651

$800

150

2016 YTD 9/30/15 YTD 9/30/15 2015

YTD2016 9/30/16

44%+

23%+

238 58%+

YTD2016 9/30/16

Stay on Top of Rosemary Bch Sales Activity!

View ALL Rosemary Bch new listings AND sales transactions LIVE as they hit the market!

And receive comprehensive market updates in your inbox. Drop the enclosed response card in the mail and we will keep you informed on YOUR market!

CoastalLuxury.com/RosemaryBch Average Sales Price Average Sales Price Average Sales Price Price per Square Foot Price per Square Statistics according to data gathered from FLEX MLS for combined properties (detached homes, attachedFoot units and condos). Deemed reliable but not guaranteed.

Price per Square Foot Average Days onresidential Market $2,550,587

Average Days on Average Market Days on Market

$2,550,587

Rosemary Bch - Pg. 9

Erin Oden is the principal broker and owner of Coastal

Luxury. Erin maintains a strong emphasis on intimate market knowledge and a high level of investment in focused niche marketing. Staying closely attuned to the trends to keep clients aligned with the market for peak opportunity, as well as strategically marketing clients’ properties above the expectation and the competition has proven successful and rewarding.

Having consistently ranked as a top producer in the top

1% of agents, and known for selling many of our area's record highest sales, Erin has closed $43 million in residential area sales this past year, continuing to represent the successful sales of our coast's finest residences.

I F YO U A RE L O O KIN G TO S U C C E S S F U L LY SE L L YO UR L UXURY P RO P E RTY TH I S SE ASO N , I WO UL D L OVE TH E P L E A S U R E O F H E ARIN G FRO M YO U!

Call Erin Oden Directly at 850.502.1220 Erin@CoastalLuxury.com

CoastalLuxury.com

Pg. 10 - Quarterly Market Report for Y TD 9/31/16

CONSIDERING SELLING? OR LOOKING TO BUY?