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.