2018 : Q1 | St. George Island Market Report | Beach Properties of Florida

MARKET REPORT | Q1 2018

155 BANNERMA

SOLD F

AN BEACH LANE

FOR $10,100,000

#

1

BROKERAGE IN APALACHICOLA Q1 2 018

#

1

TEAM IN APALACHICOLA + ST. GEORGE ISLAND Q1 2 018

#

1

BROKERAGE FROM SANDESTIN TO INLET BEACH Q1 2 018

#

1

HIGHEST PRICED SALE OF THE YEAR IN NORTHWEST FLORIDA $ 10,100,000

$

145,000,000 BROKERAGE 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 Forgotten 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.

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

FC

FORGOTTEN COAST APALACHICOLA ST. GEORGE ISLAND

APALACHICOLA FC

171 12TH STREET

8

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

APALACHICOLA

9

15

NUMBER OF SALES Q4 20 1 7

NUMBER OF SALES Q1 2018

$

128,111

AVERAGE SOLD PRICE Q4 20 1 7

$

81

$

318,435

AVERAGE SOLD PRICE Q1 2018

$

168

AVERAGE PRICE PER SQUARE FOOT Q 4 20 1 7

AVERAGE PRICE PER SQUARE FOOT Q1 2018

323

102

AVERAGE DAYS ON MARKET Q4 20 1 7

AVERAGE DAYS ON MARKET Q1 2018

89%

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

9

ST. GEORGE ISLAND FC

2148 SEA FERN WAY

10

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

ST. GEORGE ISLAND

14

31

NUMBER OF SALES Q4 20 1 7

NUMBER OF SALES Q1 2018

$

660,607

AVERAGE SOLD PRICE Q4 20 1 7

$

296

$

729,316

AVERAGE SOLD PRICE Q1 2018

$

310

AVERAGE PRICE PER SQUARE FOOT Q 4 20 1 7

AVERAGE PRICE PER SQUARE FOOT Q1 2018

155

172

AVERAGE DAYS ON MARKET Q4 20 1 7

AVERAGE DAYS ON MARKET Q1 2018

91%

93%

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

LOCALLY KNOWN. NATIONALLY RECOGNIZED. GLOBALLY RESPECTED.

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