Q2 2022 market report
If there is one word to describe the real estate market over the last two years, it would be unprecedented. Our coastal market in particular has experienced dramatic growth in home value for our ever desirable location, low interest rates, and limited inventory. Demand for homes at the beach increased significantly beginning in the summer of 2020 and the supply of available real estate has been selling incredibly quickly, driving prices up. That high level of demand has continued since then to today, where we are beginning to see some slight changes in the real estate market.
unprecedented | Q2 in review AMIN DELAWALLA Founder ARIF DELAWALLA CHRIS STOB DIANA GRAVES ED
KEITH MAUGHON
AMIN@BESTOFEMERALDCOAST.COM BESTOFEMERALDCOAST.COM
The premium pricing strategies we have seen over the past 18 months have reached a point in which the market is steadily leveling out, or returning to a more normal pace for our region. The number of transactions have decreased in the second quarter of 2022 compared to the second quarter of 2021. Despite fewer sales, average prices increased year over year, although we expect this trend to gradually temper in the next several Demandmonths.
The Delawalla Group represents the region’s finest properties with exceptional skill using the most innovative technologies available. We offer ultimate privacy and security, speed, and efficiency. Our many years of full-time experience have given us a clear understanding of the mindset of home buyers and sellers and a thorough knowledge of the regional marketplace. We look forward to the opportunity to serve you and help you accomplish your real estate goals. DENEAU 850.225.9899
remains incredibly high in our beach markets and the intrinsic value of our most priceless asset, the white sand beaches and emerald green waters, remains constant. Pricing to the market, rather than pricing beyond the market will be key going forward this year. Now more than ever, working with an experienced real estate professional that is studying the market is imperative whether you are buying or selling.
2022 ACCOLADES # 1 TEAM AT BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA *Volume | 2021 $96 MILLION SALES VOLUME *2021 TOP 1/2% OF THE GLOBAL BERKSHIRE HATHAWAY HOMESERVICES NETWORK *2021 # 1 BROKERAGE ON 30A *Transactions | Q2 2022 # 21 GLOBALLY BROKERAGE WITHIN BERKSHIRE HATHAWAY HOMESERVICES NETWORK *Gross Commission Income | 2021 Top 50 Brokerage Annually Since 2016 $2,131,251,941 2021 COMPANY SALES VOLUME GROUPDELAWALLA HOMESERVICESHATHAWAYBERKSHIRE FLORIDAOFPROPERTIESBEACH TOP 10 SMALL TEAMS IN THE GLOBAL BERKSHIRE HATHAWAY HOMESERVICES NETWORK *GCI | YTD 2022
30a 30A OVERALL 4 ROSEMARY BEACH 6 ALYS BEACH 8 WATERSOUND BEACH 10 WATERSOUND WEST BEACH 12 WATERSOUND ORIGINS 14 PROMINENCE 16 SEACREST 18 SEASIDE 20 WATERCOLOR 22 30A WEST 24 SANTA ROSA BEACH 26 NEW CONSTRUCTION | SOUTH WALTON 28 TABLE OF CONTENTS
BlueSandestinMountain Beach WaterColorSeasideSeagrove Choctawhatchee Bay 331 DestinFt. Walton Beach Navarre Santa Rosa IslandPensacola 98 87 northwest florida map Santa Rosa Sound Navarre Beach MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA4
Northwest Florida BeachesAirportInternational HavenLynn BeachRosemary MexicoBeachWindmark Beach Cape San Blas NationalApalachicolaForest St.PortJoe Apalachicola Tyndall AFBPanama City Beach PanamaCity West Bay ApalachicolaBay 7123198 20 79 20 BeachWaterSound 5MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
30A OVERALL 897 SANDGRASS BLVD LISTED BY THE DELAWALLA GROUP AND SOLD FOR $1,525,000 MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA6
34 Q2 2021 25 Q2 2022 99 % Q2 2022 30A OVERALL 99 % Q2 2021 SINGLE FAMILY HOMES 33% 33% 0% 26% SALESOFNUMBER FOOTSQUAREPERPRICESOLDAVERAGE SOLDPRICELISTOFPERCENTAGE MARKETONDAYSAVERAGE Q1 2021Q2 2021 Q2 2022 546 $624364 $828 Q2 2021 Q2 PERCENT2022CHANGE 54636433% $973,208,007$931,660,1694% $2,559,506$1,782,43244% $828$62433% 253426% 99%99%0% OFNUMBERSALESYEAR VOLUMESOLD SOLDAVERAGEPRICE AVERAGEPRICESF AVERAGEDAYSONMARKET % OF LIST PRICE SOLD Q2 2022 7MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
ROSEMARY BEACH MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA8
ROSEMARY BEACH SINGLE FAMILY HOMES 115 Q2 2021 39 Q2 2022 98 % Q2 2022 98 % Q2 2021 38% 48% 0% 66% SALESOFNUMBER FOOTSQUAREPERPRICESOLDAVERAGE SOLDPRICELISTOFPERCENTAGE MARKETONDAYSAVERAGE24 $1,10015 $1,626 Q2 2021 Q2 PERCENT2022CHANGE 241538% $84,869,600$81,124,0005% $5,657,973$3,380,16767% $1,626$1,10048% 66%11539 98%98%0% OFNUMBERSALESYEAR VOLUMESOLD SOLDAVERAGEPRICE AVERAGEPRICESF AVERAGEDAYSONMARKET % OF LIST PRICE SOLD Q2 2021Q2 2021 Q2 2022Q2 2022 9MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
ALYS BEACH MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA10
ALYS BEACH SINGLE FAMILY HOMES 21 Q2 2021 20 Q2 2022 99 % Q2 2022 99 % Q2 2021 13% 57% 0% 5% SALESOFNUMBER FOOTSQUAREPERPRICESOLDAVERAGE SOLDPRICELISTOFPERCENTAGE MARKETONDAYSAVERAGE15 $1,17913 $1,853 Q2 2021 Q2 PERCENT2022CHANGE 13%1513 $85,128,944$62,613,46136% $6,548,380$4,174,23157% $1,853$1,17957% 20215% 99%99%0% OFNUMBERSALESYEAR VOLUMESOLD SOLDAVERAGEPRICE AVERAGEPRICESF AVERAGEDAYSONMARKET % OF LIST PRICE SOLD Q2 2021Q2 2021 Q2 2022Q2 2022 11MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
WATERSOUND BEACH MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA12
WATERSOUND BEACH SINGLE FAMILY HOMES 10% 38% 2% 43% SALESOFNUMBER FOOTSQUAREPERPRICESOLDAVERAGE SOLDPRICELISTOFPERCENTAGE MARKETONDAYSAVERAGE10 $88611 $1,223 101110% $46,380,000$37,295,00024% $4,216,364$3,174,23113% $1,223$88638% 281643% 100%98%2% OFNUMBERSALESYEAR VOLUMESOLD SOLDAVERAGEPRICE AVERAGEPRICESF AVERAGEDAYSONMARKET % OF LIST PRICE SOLD 28 Q2 2021 16 Q2 2022 100 % Q2 2022 98 % Q2 2021 Q2 2021 Q2 PERCENT2022CHANGE Q2 2021Q2 2021 Q2 2022Q2 2022 13MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
WATERSOUND WEST BEACH MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA14
WATERSOUND WEST BEACH SINGLE FAMILY HOMES 233% 30% 3% 733% SALESOFNUMBER FOOTSQUAREPERPRICESOLDAVERAGE SOLDPRICELISTOFPERCENTAGE MARKETONDAYSAVERAGE3 $71710 $931 233%103 $24,802,900$5,135,000383% $2,480,290$1,711,66745% $931$71730% 253733% 99%96%3% OFNUMBERSALESYEAR VOLUMESOLD SOLDAVERAGEPRICE AVERAGEPRICESF AVERAGEDAYSONMARKET % OF LIST PRICE SOLD 3 Q2 2021 25 Q2 2022 99 % Q2 2022 96 % Q2 2021 Q2 2021 Q2 PERCENT2022CHANGE Q2 2021Q2 2021 Q2 2022Q2 2022 15MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
141 SANDCHASE CIRCLE LISTED BY THE DELAWALLA GROUP AND SOLD FOR $2,125,000 WATERSOUND ORIGINS MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA16
WATERSOUND ORIGINS SINGLE FAMILY HOMES 37% 31% 0% 100% SALESOFNUMBER FOOTSQUAREPERPRICESOLDAVERAGE SOLDPRICELISTOFPERCENTAGE MARKETONDAYSAVERAGE54 $34034 $447 37%5434 $38,248,655$45,843,64517% $1,124,960$849,81732% $340$44731% 100%120 100%100%0% OFNUMBERSALESYEAR VOLUMESOLD SOLDAVERAGEPRICE AVERAGEPRICESF AVERAGEDAYSONMARKET % OF LIST PRICE SOLD 12 Q2 2021 0 Q2 2022 100 % Q2 2022 100 % Q2 2021 Q2 2021 Q2 PERCENT2022CHANGE Q2 2021Q2 2021 Q2 2022Q2 2022 17MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PROMINENCE MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA18
PROMINENCE SINGLE FAMILY HOMES 75% 17% 0% 1,011% SALESOFNUMBER FOOTSQUAREPERPRICESOLDAVERAGE SOLDPRICELISTOFPERCENTAGE MARKETONDAYSAVERAGE16 $5404 $752 16475% $25,659,446$9,658,35062% $2,414,588$1,603,71551% $540$75239% 200181,011% 99%99%0% OFNUMBERSALESYEAR VOLUMESOLD SOLDAVERAGEPRICE AVERAGEPRICESF AVERAGEDAYSONMARKET % OF LIST PRICE SOLD 18 Q2 2021 200 Q2 2022 99 % Q2 2022 99 % Q2 2021 Q2 2021 Q2 PERCENT2022CHANGE Q2 2021Q2 2021 Q2 2022Q2 2022 19MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
SEACREST MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA20
SEACREST SINGLE FAMILY HOMES 44% 40% 2% 300% SALESOFNUMBER FOOTSQUAREPERPRICESOLDAVERAGE SOLDPRICELISTOFPERCENTAGE MARKETONDAYSAVERAGE27 $60615 $846 271544% $38,355,000$37,198,9993% $2,557,000$1,377,74186% $606$84640% 300%246 100%98%2% OFNUMBERSALESYEAR VOLUMESOLD SOLDAVERAGEPRICE AVERAGEPRICESF AVERAGEDAYSONMARKET % OF LIST PRICE SOLD 6 Q2 2021 24 Q2 2022 98 % Q2 2022 100 % Q2 2021 Q2 2021 Q2 PERCENT2022CHANGE Q2 2021Q2 2021 Q2 2022Q2 2022 21MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
SEASIDE MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA22
SEASIDE SINGLE FAMILY HOMES 64% 31% 4% 80% SALESOFNUMBER FOOTSQUAREPERPRICESOLDAVERAGE SOLDPRICELISTOFPERCENTAGE MARKETONDAYSAVERAGE11 $1,0784 $1,408 64%114 $27,222,000$11,533,00058% $2,883,250$2,474,72717% $1,408$1,07831% 45980% 101%97%4% OFNUMBERSALESYEAR VOLUMESOLD SOLDAVERAGEPRICE AVERAGEPRICESF AVERAGEDAYSONMARKET % OF LIST PRICE SOLD 45 Q2 2021 9 Q2 2022 101 % Q2 2022 97 % Q2 2021 Q2 2021Q2 2021 Q2 2022Q2 2022 Q2 2021 Q2 PERCENT2022CHANGE 23MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
WATERCOLOR MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA24
WATERCOLOR SINGLE FAMILY HOMES 55% 38% 2% 39% SALESOFNUMBER FOOTSQUAREPERPRICESOLDAVERAGE SOLDPRICELISTOFPERCENTAGE MARKETONDAYSAVERAGE51 $83223 $1,145 235155% $94,849,600$131,810,22828% $2,584,514$4,123,89660% $1,145$83238% 231439% 100%98%2% OFNUMBERSALESYEAR VOLUMESOLD SOLDAVERAGEPRICE AVERAGEPRICESF AVERAGEDAYSONMARKET % OF LIST PRICE SOLD 23 Q2 2021 14 Q2 2022 100 % Q2 2022 98 % Q2 2021 Q2 2021Q2 2021 Q2 2022Q2 2022 Q2 2021 Q2 PERCENT2022CHANGE 25MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
30A WEST MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA26
28 Q2 2021 26 Q2 2022 98 % Q2 2022 30A WEST 99 % Q2 2021 SINGLE FAMILY HOMES 29% 30% 1% 7% SALESOFNUMBER FOOTSQUAREPERPRICESOLDAVERAGE SOLDPRICELISTOFPERCENTAGE MARKETONDAYSAVERAGE Q2 2021Q2 2021 Q2 2022Q2 2022 172 $483123 $629 Q2 2021 Q2 PERCENT2022CHANGE 12317229% $219,043,483$209,937,2194% $1,273,509$1,706,80734% $629$48330% 26287% 99%98%1% OFNUMBERSALESYEAR VOLUMESOLD SOLDAVERAGEPRICE AVERAGEPRICESF AVERAGEDAYSONMARKET % OF LIST PRICE SOLD 27MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
SANTA ROSA BEACH 44 BAYOU BREEZE COURT LISTED BY THE DELAWALLA GROUP AND SOLD FOR $980,000 MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA28
SANTA ROSA BEACH SINGLE FAMILY HOMES 5% 21% 1% 19% SALESOFNUMBER FOOTSQUAREPERPRICESOLDAVERAGE SOLDPRICELISTOFPERCENTAGE MARKETONDAYSAVERAGE154 $277147 $335 1541475% $104,809,733$113,047,9778% $680,583$769,03413% $335$27721% 263219% 99%98%1% OFNUMBERSALESYEAR VOLUMESOLD SOLDAVERAGEPRICE AVERAGEPRICESF AVERAGEDAYSONMARKET % OF LIST PRICE SOLD 32 Q2 2021 26 Q2 2022 98 % Q2 2022 99 % Q2 2021 Q2 2021Q2 2021 Q2 2022Q2 2022 Q2 2021 Q2 PERCENT2022CHANGE 29MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
CHURCHILL OAKS NEW CONSTRUCTION | SOUTH WALTON MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA30
NEW CONSTRUCTION | SOUTH WALTON SINGLE FAMILY HOMES 29% 41% 2% 65% SALESOFNUMBER FOOTSQUAREPERPRICESOLDAVERAGE SOLDPRICELISTOFPERCENTAGE MARKETONDAYSAVERAGE104 $38174 $538 1047429% $133,082,861$134,137,4311% $1,279,643$1,812,66842% $538$38141% 371365% 101%99%2% OFNUMBERSALESYEAR VOLUMESOLD SOLDAVERAGEPRICE AVERAGEPRICESF AVERAGEDAYSONMARKET % OF LIST PRICE SOLD 37 Q2 2021 13 Q2 2022 99 % Q2 2022 101 % Q2 2021 Q2 2021Q2 2021 Q2 2022Q2 2022 Q2 2021 Q2 PERCENT2022CHANGE 31MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PROPERTIES SOLD BY THE DELAWALLA GROUP 141 SANDCHASE CIRCLE | WATERSOUND ORIGINS SOLD FOR $2,125,000 286 N SPLASH DRIVE | WATERSOUND ORIGINS SOLD FOR $1,875,000 44 BAYOU BREEZE COURT | SANTA ROSA BEACH SOLD FOR $1,450,000 265 ARTESIAN WAY | WATERSOUND ORIGINS SOLD FOR $949,000 15 ASHER WAY | BLUE MOUNTAIN BEACH SOLD FOR $870,000 274 JACK KNIFE DRIVE | WATERSOUND ORIGINS SOLD FOR $865,000 MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA32
157 ANCHOR RODE CIRCLE | WATERSOUND WEST BEACH SOLD FOR $1,850,000 897 SANDGRASS BLVD | NATUREWALK AT SEAGROVE SOLD FOR $1,525,000 92 MILESTONE DRIVE, A | PROMINENCE NORTH SOLD FOR $897,000 409 MEDLEY STREET | WATERSOUND ORIGINS SOLD FOR $895,000 74 TRIGGERFISH STREET | BLUE MOUNTAIN BEACH SOLD FOR $849,000 LOT 12 MONTIGO AVENUE | SEAGROVE BEACH SOLD FOR $800,000 33MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
FEATURED LISTINGS BY THE DELAWALLA GROUP 105 SIASCONSET LANE | PROMINENCE SOUTH CLICK FOR DETAILS MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA34
3730 PRESERVE BAY BOULEVARD | PRESERVE ON THE BAY CLICK FOR DETAILS VIEW ALL FEATURED LISTINGS 35MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
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