2018 : Q2 | Forgotten Coast Market Report | Berkshire Hathaway HomeServices Beach Properties of FL

Page 1

MARKET REPORT | Q2 2018


20 DEER LAK SOLD


#

1

TEAM ON ST GEORGE ISLAND Q1 + Q2 2 018

#

1

BROKERAGE IN APALACHICOLA Q1 + Q2 2018

TOP 10 TEAM IN CAPE SAN BLAS HOME SALES Q1 + Q2 2 018

$

350,000,000+ SALES VOLUME Q1 + Q2 2 018

#

32

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

#

502

RANKING ON SWANEPOEL MEGA 1000 LIST OF TOP PRODUCING NORTH AMERICAN BROKERAGES

KE BEACH DRIVE FOR $8,925,000

2 017


HOW’S THE MARKET? That question always comes up when discussing Florida real estate. The Forgotten Coast is known for its spectacular beaches and laid back lifestyle, but it’s also a growth-oriented market recognized nationally for its investment potential. For this report, side-by-side comparisons of the past three quarters have been made. You’ll see some interesting changes taking place. Significant gains can be seen in coastal communities, such as Cape San Blas, but it is the steady growth of all Northwest Florida regions that‘s of particular interest. The market is changing in a consistent manner. We’re seeing a reduction in inventory (fewer homes on the market) and a greater urgency to purchase quickly with homebuyers looking to maximize their investment before prices rise. This trend makes 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 an all time high; with demand exceeding supply, it’s an exciting chapter for the Forgotten Coast.

So… how’s the market?  Let’s take a look.


#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.


FC


FORGOTTEN COAST APALACHICOLA ST. GEORGE ISLAND CAPE SAN BLAS MEXICO BEACH /ST. JOE BEACH PORT ST. JOE


APALACHICOLA FC

ONE BATTERY PARK LANE

8

MARKET REPORT Q2 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


APALACHICOLA

9

15

16

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

Q4 2017

Q1 2018

Q2 2018

$

$

128,111

AVERAGE SOLD PRICE Q4 2017

$

81

318,435

$

285,053

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

Q1 2018

Q2 2018

168

$

$

171

AVERAGE PRICE PER SQUARE FOOT

AVERAGE PRICE PER SQUARE FOOT

AVERAGE PRICE PER SQUARE FOOT

Q4 2017

Q1 2018

Q2 2018

323

102

186

AVERAGE DAYS ON MARKET

AVERAGE DAYS ON MARKET

AVERAGE DAYS ON MARKET

Q4 2017

Q1 2018

Q2 2018

89%

94%

98%

PERCENTAGE OF LIST PRICE SOLD PERCENTAGE OF LIST PRICE SOLD PERCENTAGE OF LIST PRICE SOLD Q4 2017

Q1 2018

Q2 2018

MARKET REPORT Q2 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

9


ST. GEORGE ISLAND FC

2148 SEA FERN WAY

10

MARKET REPORT Q2 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


ST. GEORGE ISLAND

14

31

29

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

Q4 2017

Q1 2018

Q2 2018

$

660,607

$

729,316

$

562,294

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

Q4 2017

Q1 2018

Q2 2018

$

296

$

310

$

266

AVERAGE PRICE PER SQUARE FOOT

AVERAGE PRICE PER SQUARE FOOT

AVERAGE PRICE PER SQUARE FOOT

Q4 2017

Q1 2018

Q2 2018

155

172

123

AVERAGE DAYS ON MARKET

AVERAGE DAYS ON MARKET

AVERAGE DAYS ON MARKET

Q4 2017

Q1 2018

Q2 2018

91%

93%

94%

PERCENTAGE OF LIST PRICE SOLD PERCENTAGE OF LIST PRICE SOLD PERCENTAGE OF LIST PRICE SOLD Q4 2017

Q1 2018

Q2 2018

MARKET REPORT Q2 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

11


CAPE SAN BLAS FC

2131 TURTLE WALK

12

MARKET REPORT Q2 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


CAPE SAN BLAS

$

15

20

22

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

Q4 2017

Q1 2018

Q2 2018

626,600

$

574,738

$

693,609

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

Q4 2017

Q1 2018

Q2 2018

$

314

$

295

$

320

AVERAGE PRICE PER SQUARE FOOT

AVERAGE PRICE PER SQUARE FOOT

AVERAGE PRICE PER SQUARE FOOT

Q4 2017

Q1 2018

Q2 2018

228

139

100

AVERAGE DAYS ON MARKET

AVERAGE DAYS ON MARKET

AVERAGE DAYS ON MARKET

Q4 2017

Q1 2018

Q2 2018

94%

94%

96%

PERCENTAGE OF LIST PRICE SOLD PERCENTAGE OF LIST PRICE SOLD PERCENTAGE OF LIST PRICE SOLD Q4 2017

Q1 2018

Q2 2018

MARKET REPORT Q2 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

13


MEXICO BEACH FC

2197 STATE ROAD 30A

14

MARKET REPORT Q2 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


MEXICO BEACH | ST. JOE BEACH

27

19

37

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

Q4 2017

Q1 2018

Q2 2018

$

321,688

$

416,987

$

343,767

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

Q4 2017

Q1 2018

Q2 2018

$

196

$

260

$

237

AVERAGE PRICE PER SQUARE FOOT

AVERAGE PRICE PER SQUARE FOOT

AVERAGE PRICE PER SQUARE FOOT

Q4 2017

Q1 2018

Q2 2018

97

67

82

AVERAGE DAYS ON MARKET

AVERAGE DAYS ON MARKET

AVERAGE DAYS ON MARKET

Q4 2017

Q1 2018

Q2 2018

94%

98%

97%

PERCENTAGE OF LIST PRICE SOLD PERCENTAGE OF LIST PRICE SOLD PERCENTAGE OF LIST PRICE SOLD Q4 2017

Q1 2018

Q2 2018

MARKET REPORT Q2 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

15


PORT ST. JOE FC

1027 MCCLELLAND AVENUE

16

MARKET REPORT Q2 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


PORT ST. JOE

16

25

37

NUMBER OF SALES

NUMBER OF SALES

NUMBER OF SALES

Q4 2017

Q1 2018

Q2 2018

$

172,271

$

204,140

$

222,385

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

AVERAGE SOLD PRICE

Q4 2017

Q1 2018

Q2 2018

$

125

$

140

$

141

AVERAGE PRICE PER SQUARE FOOT

AVERAGE PRICE PER SQUARE FOOT

AVERAGE PRICE PER SQUARE FOOT

Q4 2017

Q1 2018

Q2 2018

52

58

47

AVERAGE DAYS ON MARKET

AVERAGE DAYS ON MARKET

AVERAGE DAYS ON MARKET

Q4 2017

Q1 2018

Q2 2018

96%

98%

96%

PERCENTAGE OF LIST PRICE SOLD PERCENTAGE OF LIST PRICE SOLD PERCENTAGE OF LIST PRICE SOLD Q4 2017

Q1 2018

Q2 2018

MARKET REPORT Q2 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

17


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.


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