Q2 2022 market report
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.
AMIN DELAWALLA Founder ARIF DELAWALLA CHRIS STOB DIANA GRAVES ED DENEAU KEITH MAUGHON
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.
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.
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.
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.
unprecedented | Q2 in review 850.225.9899 AMIN@BESTOFEMERALDCOAST.COM BESTOFEMERALDCOAST.COM
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
navarre NAVARRE BEACH 6 NAVARRE GULF FRONT 8 NAVARRE GULF FRONT | CONDOS 10 NAVARRE BAY FRONT 12 NAVARRE SOUND FRONT | MAINLAND 14 NAVARRE SOUND FRONT | MAINLAND | CONDOS 16 NAVARRE SOUND FRONT | ISLAND | CONDOS 18 HIDDEN CREEK 20 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
NAVARRE BEACH MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA6
NAVARRE BEACH SINGLE FAMILY HOMES 6% 39% 1% 35% SALESOFNUMBER FOOTSQUAREPERPRICESOLDAVERAGE SOLDPRICELISTOFPERCENTAGE MARKETONDAYSAVERAGE18 $46817 $650 18176% $23,399,500$19,175,50022% $1,065,306$1,376,44129% $650$46839% 406235% 99%98%1% OFNUMBERSALESYEAR VOLUMESOLD SOLDAVERAGEPRICE AVERAGEPRICESF AVERAGEDAYSONMARKET % OF LIST PRICE SOLD 62 Q2 2021 40 Q2 2022 98 % Q2 2022 99 % Q2 2021 Q2 2021 Q2 PERCENT2022CHANGE Q2 2021Q2 2021 Q2 2022Q2 2022 7MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
NAVARRE GULF FRONT 8263 GULF BOULEVARD LISTED BY THE DELAWALLA GROUP AND SOLD FOR $2,350,000 MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA8
NAVARRE GULF FRONT SINGLE FAMILY HOMES 0% 38% 3% 86% SALESOFNUMBER FOOTSQUAREPERPRICESOLDAVERAGE SOLDPRICELISTOFPERCENTAGE MARKETONDAYSAVERAGE3 $6863 $945 0%33 $6,600,000$5,160,00028% $2,200,000$1,720,00028% $686$94538% 911386% 101%98%3% OFNUMBERSALESYEAR VOLUMESOLD SOLDAVERAGEPRICE AVERAGEPRICESF AVERAGEDAYSONMARKET % OF LIST PRICE SOLD 91 Q2 2021 13 Q2 2022 98 % Q2 2022 101 % Q2 2021 Q2 2021 Q2 PERCENT2022CHANGE Q2 2021Q2 2021 Q2 2022Q2 2022 9MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
NAVARRE GULF FRONT CONDOS MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA10
NAVARRE GULF FRONT CONDOMINIUMS 34% 21% 0% 28% SALESOFNUMBER FOOTSQUAREPERPRICESOLDAVERAGE SOLDPRICELISTOFPERCENTAGE MARKETONDAYSAVERAGE29 $44919 $544 291934% $19,807,800$13,775,70030% $683,028$725,0216% $544$44921% 574128% 99%99%0% OFNUMBERSALESYEAR VOLUMESOLD SOLDAVERAGEPRICE AVERAGEPRICESF AVERAGEDAYSONMARKET % OF LIST PRICE SOLD 57 Q2 2021 41 Q2 2022 99 % Q2 2022 99 % Q2 2021 Q2 2021 Q2 PERCENT2022CHANGE Q2 2021Q2 2021 Q2 2022Q2 2022 11MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
NAVARRE BAY FRONT MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA12
NAVARRE BAY FRONT SINGLE FAMILY HOMES 67% 4% 2% 59% SALESOFNUMBER FOOTSQUAREPERPRICESOLDAVERAGE SOLDPRICELISTOFPERCENTAGE MARKETONDAYSAVERAGE9 $3203 $332 67%93 $8,819,265$3,710,00058% $1,236,667$979,91826% $320$3324% 391659% 99%97%2% OFNUMBERSALESYEAR VOLUMESOLD SOLDAVERAGEPRICE AVERAGEPRICESF AVERAGEDAYSONMARKET % OF LIST PRICE SOLD 39 Q2 2021 16 Q2 2022 99 % Q2 2022 97 % Q2 2021 Q2 2021 Q2 PERCENT2022CHANGE Q2 2021Q2 2021 Q2 2022Q2 2022 13MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
NAVARRE SOUND FRONT | MAINLAND MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA14
NAVARRE SOUND FRONT | MAINLAND SINGLE FAMILY HOMES 150% 25% 1% 27% SALESOFNUMBER FOOTSQUAREPERPRICESOLDAVERAGE SOLDPRICELISTOFPERCENTAGE MARKETONDAYSAVERAGE2 $3515 $439 150%52 $6,499,900$1,744,000273% $1,299,980$872,00049% $439$35125% 221627% 96%97%1% OFNUMBERSALESYEAR VOLUMESOLD SOLDAVERAGEPRICE AVERAGEPRICESF AVERAGEDAYSONMARKET % OF LIST PRICE SOLD 22 Q2 2021 16 Q2 2022 97 % 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
NAVARRE SOUND FRONT | MAINLAND MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA16
NAVARRE SOUND FRONT | MAINLAND CONDOMINIUMS 33% 8% 1% 1,700% SALESOFNUMBER FOOTSQUAREPERPRICESOLDAVERAGE SOLDPRICELISTOFPERCENTAGE MARKETONDAYSAVERAGE3 $3112 $285 33%23 $1,183,900$654,00045% $394,633$327,00017% $285$3118% 1,700%905 100%101%1% OFNUMBERSALESYEAR VOLUMESOLD SOLDAVERAGEPRICE AVERAGEPRICESF AVERAGEDAYSONMARKET % OF LIST PRICE SOLD 5 Q2 2021 90 Q2 2022 100 % Q2 2022 101 % Q2 2021 Q2 2021 Q2 PERCENT2022CHANGE Q2 2021Q2 2021 Q2 2022Q2 2022 17MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
NAVARRE SOUND FRONT | ISLAND MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA18
NAVARRE SOUND FRONT | ISLAND CONDOMINIUMS 25% 23% 5% 21% SALESOFNUMBER FOOTSQUAREPERPRICESOLDAVERAGE SOLDPRICELISTOFPERCENTAGE MARKETONDAYSAVERAGE4 $4203 $516 25%43 $1,633,900$1,128,50031% $408,475$376,1678% $420$51623% 141121% 100%105%5% OFNUMBERSALESYEAR VOLUMESOLD SOLDAVERAGEPRICE AVERAGEPRICESF AVERAGEDAYSONMARKET % OF LIST PRICE SOLD 14 Q2 2021 11 Q2 2022 105 % Q2 2022 100 % Q2 2021 Q2 2021 Q2 PERCENT2022CHANGE Q2 2021Q2 2021 Q2 2022Q2 2022 19MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
HIDDEN CREEK 2872 PGA BOULEVARD LISTED BY THE DELAWALLA GROUP AND SOLD FOR $949,000 MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA20
HIDDEN CREEK SINGLE FAMILY HOMES 0% 18% 3% 115% SALESOFNUMBER FOOTSQUAREPERPRICESOLDAVERAGE SOLDPRICELISTOFPERCENTAGE MARKETONDAYSAVERAGE6 $1886 $221 0%66 $4,372,900$3,719,90018% $619,983$728,81718% $221$18818% 2813115% 100%103%3% OFNUMBERSALESYEAR VOLUMESOLD SOLDAVERAGEPRICE AVERAGEPRICESF AVERAGEDAYSONMARKET % OF LIST PRICE SOLD 13 Q2 2021 28 Q2 2022 100 % Q2 2022 103 % Q2 2021 Q2 2021 Q2 PERCENT2022CHANGE Q2 2021Q2 2021 Q2 2022Q2 2022 21MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PROPERTIES SOLD BY THE DELAWALLA GROUP 8263 GULF BLVD | NAVARRE BEACH SOLD FOR $2,350,000 7817 GULF BLVD | NAVARRE BEACH SOLD FOR $2,300,000 1467 CARIBE DRIVE | NAVARRE BEACH SOLD FOR $1,450,000 7709 GULF BLVD | NAVARRE BEACH SOLD FOR $1,250,000 7697 GULF BLVD | NAVARRE BEACH SOLD FOR $925,000 1419 SONATA COURT | NAVARRE BEACH SOLD FOR $815,000 MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA22
9533 MONACO CIRCLE | RIVIERA BEACH SOLD FOR $1,600,000 1457 ARKANSAS STREET | NAVARRE BEACH SOLD FOR $1,595,000 2825 PGA BLVD | HIDDEN CREEK SOLD FOR $1,050,000 2872 PGA BLVD | HIDDEN CREEK SOLD FOR $949,000 8525 GULF BLVD, APT 509 | NAVARRE BEACH SOLD FOR $650,000 8573 GULF BLVD, UNIT 803 | NAVARRE BEACH SOLD FOR $615,000 23MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
FEATURED LISTINGS BY THE DELAWALLA GROUP 7339 GRAND NAVARRE BOULEVARD | NAVARRE BEACH CLICK FOR DETAILS MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA24
7347 SPINNAKER COURT | NAVARRE BEACH CLICK FOR DETAILS VIEW ALL FEATURED LISTINGS 25MARKET REPORT Q2 2022 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
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