2018 : Q1 | 30A Market Report | Beach Properties of Florida

MARKET REPORT | Q1 2018

155 BANNERMA

SOLD F

AN BEACH LANE

FOR $10,100,000

#

1

BROKERAGE ON 30A Q1 2 018

#

1

BROKERAGE FROM SANDESTIN TO INLET BEACH Q1 2 018

#

1

HIGHEST PRICED SALE OF THE YEAR $ 10,100,000

#

1

BROKERAGE IN APALACHICOLA Q1 2 018

$

145,000,000 SALES VOLUME Q1 2 018

#

32

RANKING WITHIN 1,350+ BERKSHIRE HATHAWAY HOMESERVICES GLOBAL OFFICES Berkshire Elite Circle 2 016 + 2 017

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

Reviewing the past six years on the Gulf Coast shows a growth-oriented market reflecting national trends.

For this report, side-by-side comparisons have been made showing the fourth quarter of 2017 against the first quarter of 2018.

The market has changed a great deal over the last twelve months, but quarterly gains are especially noteworthy. Steady growth is evidenced by the increase in average prices, rising percentage of listing price sold and the reduction in days on the market. This steady growth is occurring on an almost daily basis, making quarterly reporting a priority to get the best sense of our current cycle.

Minor fluctuations can be seen, but the market data shows the strength and stability of Northwest Florida real estate. Interest in coastal homes is at all time high; demand exceeds supply and that drives the growth of our local 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.

PERCENTAGE OF LIST PRICE SOLD : The percentage of the home’s original list price compared to its final sold price.

All reporting is based on sales data for Residential, Detached Single Family properties with the exception of Panama City Beach condos.

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

30A

“Price is what you pay.

Value is what you get.”

WARREN BUFFET CEO, BERSHIRE HATHAWAY INC.

6

MARKET REPORT Q1 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

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

30A OVERALL 30A

522 EAST ROYAL FERN WAY

8

MARKET REPORT Q1 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

30A OVERALL

$

228

203

NUMBER OF SALES Q4 20 1 7

NUMBER OF SALES Q1 2018

1,067,742

AVERAGE SOLD PRICE Q4 20 1 7

$

383

$

1,223,571

AVERAGE SOLD PRICE Q1 2018

$

450

AVERAGE PRICE PER SQUARE FOOT Q 4 20 1 7

AVERAGE PRICE PER SQUARE FOOT Q1 2018

153

172

AVERAGE DAYS ON MARKET Q4 20 1 7

AVERAGE DAYS ON MARKET Q1 2018

97%

97%

PERCENTAGE OF LIST PRICE SOLD Q4 20 1 7

PERCENTAGE OF LIST PRICE SOLD Q1 2018

MARKET REPORT Q1 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

9

ROSEMARY BEACH 30A

114 EAST KINGSTON ROAD

10

MARKET REPORT Q1 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

ROSEMARY BEACH

$

7

7

NUMBER OF SALES Q4 20 1 7

NUMBER OF SALES Q1 2018

2,277,129

AVERAGE SOLD PRICE Q4 20 1 7

$

675

$

2,616,286 AVERAGE SOLD PRICE Q1 2018

$

840

AVERAGE PRICE PER SQUARE FOOT Q 4 20 1 7

AVERAGE PRICE PER SQUARE FOOT Q1 2018

193

349

AVERAGE DAYS ON MARKET Q4 20 1 7

AVERAGE DAYS ON MARKET Q1 2018

93%

94%

PERCENTAGE OF LIST PRICE SOLD Q4 20 1 7

PERCENTAGE OF LIST PRICE SOLD Q1 2018

MARKET REPORT Q1 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

11

ALYS BEACH 30A

89 SOUTH CHARLES STREET

12

MARKET REPORT Q1 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

ALYS BEACH

$

5

5

NUMBER OF SALES Q4 20 1 7

NUMBER OF SALES Q1 2018

3,082,778 AVERAGE SOLD PRICE Q4 20 1 7

$

879

$

3,357,568 AVERAGE SOLD PRICE Q1 2018

$

931

AVERAGE PRICE PER SQUARE FOOT Q 4 20 1 7

AVERAGE PRICE PER SQUARE FOOT Q1 2018

181

51

AVERAGE DAYS ON MARKET Q4 20 1 7

AVERAGE DAYS ON MARKET Q1 2018

97%

99%

PERCENTAGE OF LIST PRICE SOLD Q4 20 1 7

PERCENTAGE OF LIST PRICE SOLD Q1 2018

MARKET REPORT Q1 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

13

WATERSOUND BEACH 30A

36 FOUNDERS LANE

14

MARKET REPORT Q1 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

WATERSOUND BEACH

$

6

5

NUMBER OF SALES Q4 20 1 7

NUMBER OF SALES Q1 2018

2,724,167

AVERAGE SOLD PRICE Q4 20 1 7

$

669

$

2,193,200 AVERAGE SOLD PRICE Q1 2018

$

576

AVERAGE PRICE PER SQUARE FOOT Q 4 20 1 7

AVERAGE PRICE PER SQUARE FOOT Q1 2018

219

342

AVERAGE DAYS ON MARKET Q4 20 1 7

AVERAGE DAYS ON MARKET Q1 2018

96%

94%

PERCENTAGE OF LIST PRICE SOLD Q4 20 1 7

PERCENTAGE OF LIST PRICE SOLD Q1 2018

MARKET REPORT Q1 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

15

SEASIDE 30A

46 TUPELO STREET

16

MARKET REPORT Q1 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

SEASIDE

$

2

5

NUMBER OF SALES Q4 20 1 7

NUMBER OF SALES Q1 2018

1,775,750

AVERAGE SOLD PRICE Q4 20 1 7

$

997

$

1,677,500

AVERAGE SOLD PRICE Q1 2018

$

1,397

AVERAGE PRICE PER SQUARE FOOT Q 4 20 1 7

AVERAGE PRICE PER SQUARE FOOT Q1 2018

269

225

AVERAGE DAYS ON MARKET Q4 20 1 7

AVERAGE DAYS ON MARKET Q1 2018

92%

95%

PERCENTAGE OF LIST PRICE SOLD Q4 20 1 7

PERCENTAGE OF LIST PRICE SOLD Q1 2018

MARKET REPORT Q1 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

17

WATERCOLOR 30A

99 POND CYPRESS LANE

18

MARKET REPORT Q1 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

WATERCOLOR

$

19

22

NUMBER OF SALES Q4 20 1 7

NUMBER OF SALES Q1 2018

1,515,463

AVERAGE SOLD PRICE Q4 20 1 7

$

482

$

1,630,114

AVERAGE SOLD PRICE Q1 2018

$

514

AVERAGE PRICE PER SQUARE FOOT Q 4 20 1 7

AVERAGE PRICE PER SQUARE FOOT Q1 2018

240

190

AVERAGE DAYS ON MARKET Q4 20 1 7

AVERAGE DAYS ON MARKET Q1 2018

95%

96%

PERCENTAGE OF LIST PRICE SOLD Q4 20 1 7

PERCENTAGE OF LIST PRICE SOLD Q1 2018

MARKET REPORT Q1 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

19

SANTA ROSA BEACH 30A

20 DEER LAKE BEACH DRIVE

20

MARKET REPORT Q1 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

SANTA ROSA BEACH

87

87

NUMBER OF SALES Q4 20 1 7

NUMBER OF SALES Q1 2018

$

365,323

AVERAGE SOLD PRICE Q4 20 1 7

$

167

$

325,382

AVERAGE SOLD PRICE Q1 2018

$

167

AVERAGE PRICE PER SQUARE FOOT Q 4 20 1 7

AVERAGE PRICE PER SQUARE FOOT Q1 2018

119

126

AVERAGE DAYS ON MARKET Q4 20 1 7

AVERAGE DAYS ON MARKET Q1 2018

97%

97%

PERCENTAGE OF LIST PRICE SOLD Q4 20 1 7

PERCENTAGE OF LIST PRICE SOLD Q1 2018

MARKET REPORT Q1 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

21

NC

N

NEW CONSTRUCTION SOUTH WALTON

NEW CONSTRUCTION NC

24 BLUESTEM LANE 24

MARKET REPORT Q1 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

NEW CONSTRUCTION

113

107

NUMBER OF SALES Q4 20 1 7

NUMBER OF SALES Q1 2018

$

787,548

AVERAGE SOLD PRICE Q4 20 1 7

$

286

$

879,211

AVERAGE SOLD PRICE Q1 2018

$

310

AVERAGE PRICE PER SQUARE FOOT Q 4 20 1 7

AVERAGE PRICE PER SQUARE FOOT Q1 2018

133

148

AVERAGE DAYS ON MARKET Q4 20 1 7

AVERAGE DAYS ON MARKET Q1 2018

99%

98%

PERCENTAGE OF LIST PRICE SOLD Q4 20 1 7

PERCENTAGE OF LIST PRICE SOLD Q1 2018

MARKET REPORT Q1 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

25

EC

EMERALD COAST SANDESTIN MIRAMAR BEACH DESTIN

SANDESTIN EC

9100 BAYTOWNE WHARF BOULEVARD

28

MARKET REPORT Q1 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

SANDESTIN

45

39

NUMBER OF SALES Q4 20 1 7

NUMBER OF SALES Q1 2018

$

755,139

AVERAGE SOLD PRICE Q4 20 1 7

$

272

$

703,286

AVERAGE SOLD PRICE Q1 2018

$

276

AVERAGE PRICE PER SQUARE FOOT Q 4 20 1 7

AVERAGE PRICE PER SQUARE FOOT Q1 2018

172

160

AVERAGE DAYS ON MARKET Q4 20 1 7

AVERAGE DAYS ON MARKET Q1 2018

96%

96%

PERCENTAGE OF LIST PRICE SOLD Q4 20 1 7

PERCENTAGE OF LIST PRICE SOLD Q1 2018

MARKET REPORT Q1 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

29

MIRAMAR BEACH EC

42 OVERLOOK DRIVE

30

MARKET REPORT Q1 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

MIRAMAR BEACH

37

39

NUMBER OF SALES Q4 20 1 7

NUMBER OF SALES Q1 2018

$

658,094

AVERAGE SOLD PRICE Q4 20 1 7

$

256

$

708,491

AVERAGE SOLD PRICE Q1 2018

$

260

AVERAGE PRICE PER SQUARE FOOT Q 4 20 1 7

AVERAGE PRICE PER SQUARE FOOT Q1 2018

187

190

AVERAGE DAYS ON MARKET Q4 20 1 7

AVERAGE DAYS ON MARKET Q1 2018

97%

94%

PERCENTAGE OF LIST PRICE SOLD Q4 20 1 7

PERCENTAGE OF LIST PRICE SOLD Q1 2018

MARKET REPORT Q1 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

31

DESTIN EC

114 SANDPRINT CIRCLE

32

MARKET REPORT Q1 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

DESTIN

104

100

NUMBER OF SALES Q4 20 1 7

NUMBER OF SALES Q1 2018

$

578,660

AVERAGE SOLD PRICE Q4 20 1 7

$

225

$

703,258

AVERAGE SOLD PRICE Q1 2018

$

233

AVERAGE PRICE PER SQUARE FOOT Q 4 20 1 7

AVERAGE PRICE PER SQUARE FOOT Q1 2018

137

171

AVERAGE DAYS ON MARKET Q4 20 1 7

AVERAGE DAYS ON MARKET Q1 2018

96%

96%

PERCENTAGE OF LIST PRICE SOLD Q4 20 1 7

PERCENTAGE OF LIST PRICE SOLD Q1 2018

MARKET REPORT Q1 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

33

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.