MARKET REPORT | Q3 2018
2743 SCENI
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1
BROKERAGE ON 30A 2 012 + 2 013 + 2 014 + 2 015 2 016 + 2 017 + 2018 Y TD
5 CLIENTS REPRESENTED IN THE TOP 10 HIGHEST PRICED SALES 2 018
$
500,000,000+ SALES VOLUME 2 018
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32
RANKING WITHIN 1,350+ BERKSHIRE HATHAWAY HOMESERVICES GLOBAL OFFICES Berkshire Elite Circle 2 016 + 2 017
#
502
RANKING ON SWANEPOEL MEGA 1000 LIST TOP PRODUCING NORTH AMERICAN BROKERAGES 2 017
VIRIDIAN C HIGHWAY 30A
HOW’S THE MARKET? Our third quarter data shows the strength of the Gulf Coast markets. We saw a reduction in inventory (fewer homes on the market) and a greater urgency in homebuyers’ purchasing timelines. Homebuyers sought to contract quickly, before prices rise and weaken their investment. Homeowners wanting to sell are faced with balancing their desire to maximize their return with a trend of decreasing average days on market. This trend makes quarterly reporting a valuable component to a thorough understanding of the current cycle. There are countless opportunities available to those interested in investing, full-time ownership or building new along the Gulf Coast. If you have questions about the market, trends or your goals, give us a call. We’d love to share our insight with you and help you make a wiser, more informed decision about investing in Florida’s Gulf 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.
30A
6
MARKET REPORT Q3 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
871 SANDGRASS BLVD
8
MARKET REPORT Q3 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
30A OVERALL
$
228
203
289
236
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
Q4 2017
Q1 2018
Q2 2018
Q3 2018
1,067,742
$
1,223,571 $1,250,950 $1,190,065
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
Q4 2017
Q1 2018
Q2 2018
Q3 2018
$
383
$
450
$
454
$
423
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
Q4 2017
Q1 2018
Q2 2018
Q3 2018
153
172
175
142
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
ON MARKET
ON MARKET
ON MARKET
ON MARKET
Q4 2017
Q1 2018
Q2 2018
Q3 2018
97%
97%
96%
96%
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
Q4 2017
Q1 2018
Q2 2018
Q3 2018
MARKET REPORT Q3 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
9
ROSEMARY BEACH 30A
101 ROUND ROAD
10
MARKET REPORT Q3 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
ROSEMARY BEACH
$
7
7
10
11
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
Q4 2017
Q1 2018
Q2 2018
Q3 2018
2,277,129 $2,616,286 $2,169,550 $2,452,599
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
Q4 2017
Q1 2018
Q2 2018
Q3 2018
$
675
$
840
$
744
$
690
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
Q4 2017
Q1 2018
Q2 2018
Q3 2018
193
349
290
102
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
ON MARKET
ON MARKET
ON MARKET
ON MARKET
Q4 2017
Q1 2018
Q2 2018
Q3 2018
93%
94%
95%
95%
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
Q4 2017
Q1 2018
Q2 2018
Q3 2018
MARKET REPORT Q3 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
11
ALYS BEACH 30A
29 LAGARZA COURT
12
MARKET REPORT Q3 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
ALYS BEACH
$
5
5
7
6
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
Q1 2018
Q1 2018
Q2 2018
Q3 2018
3,082,778 $3,357,568 $2,976,934 $4,014,167
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
Q4 2017
Q1 2018
Q2 2018
Q3 2018
$
879
$
931
$
921
$
1,164
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
Q4 2017
Q1 2018
Q2 2018
Q3 2018
181
51
125
214
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
ON MARKET
ON MARKET
ON MARKET
ON MARKET
Q4 2017
Q1 2018
Q2 2018
Q3 2018
97%
99%
98%
92%
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
Q4 2017
Q1 2018
Q2 2018
Q3 2018
MARKET REPORT Q3 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
13
WATERSOUND BEACH 30A
36 FOUNDERS LANE
14
MARKET REPORT Q3 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
WATERSOUND BEACH
$
6
5
6
6
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
Q4 2017
Q1 2018
Q2 2018
Q3 2018
2,724,167 $2,193,200 $2,752,333 $1,364,833
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
Q4 2017
Q1 2018
Q2 2018
Q3 2018
$
669
$
576
$
788
$
683
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
Q4 2017
Q1 2018
Q2 2018
Q3 2018
219
342
138
309
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
ON MARKET
ON MARKET
ON MARKET
ON MARKET
Q4 2017
Q1 2018
Q2 2018
Q3 2018
96%
94%
96%
97%
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
Q4 2017
Q1 2018
Q2 2018
Q3 2018
MARKET REPORT Q3 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
15
SEASIDE 30A
2418 EAST COUNTY HIGHWAY30A
16
MARKET REPORT Q3 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
SEASIDE
$
2
5
10
2
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
Q4 2017
Q1 2018
Q2 2018
Q3 2018
1,775,750
$
1,677,500 $1,570,390 $1,562,000
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
Q4 2017
Q1 2018
Q2 2018
Q3 2018
$
997
$
1,397
$
959
$
689
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
Q4 2017
Q1 2018
Q2 2018
Q3 2018
269
225
175
457
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
ON MARKET
ON MARKET
ON MARKET
ON MARKET
Q4 2017
Q1 2018
Q2 2018
Q3 2018
92%
95%
96%
92%
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
Q4 2017
Q1 2018
Q2 2018
Q3 2018
MARKET REPORT Q3 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
17
WATERCOLOR 30A
170 ROYAL FERN WAY
18
MARKET REPORT Q3 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
WATERCOLOR
$
19
22
29
27
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
Q4 2017
Q1 2018
Q2 2018
Q3 2018
1,515,463
$
1,630,114
$
1,745,310 $1,693,048
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
Q4 2017
Q1 2018
Q2 2018
Q3 2018
$
482
$
514
$
527
$
504
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
Q4 2017
Q1 2018
Q2 2018
Q3 2018
240
190
232
211
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
ON MARKET
ON MARKET
ON MARKET
ON MARKET
Q4 2017
Q1 2018
Q2 2018
Q3 2018
95%
96%
94%
96%
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
Q4 2017
Q1 2018
Q2 2018
Q3 2018
MARKET REPORT Q3 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
19
SANTA ROSA BEACH 30A
95 ANSLEY FOREST DRIVE
20
MARKET REPORT Q3 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
SANTA ROSA BEACH
87
87
112
90
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
Q4 2017
Q1 2018
Q2 2018
Q3 2018
$
365,323
$
325,382
$
398,187
$
414,535
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
Q4 2017
Q1 2018
Q2 2018
Q3 2018
$
167
$
167
$
183
$
187
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
Q4 2017
Q1 2018
Q2 2018
Q3 2018
119
126
128
135
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
ON MARKET
ON MARKET
ON MARKET
ON MARKET
Q4 2017
Q1 2018
Q2 2018
Q3 2018
97%
97%
98%
98%
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
Q4 2017
Q1 2018
Q2 2018
Q3 2018
MARKET REPORT Q3 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
21
NC
N
NEW CONSTRUCTION SOUTH WALTON
NEW CONSTRUCTION NC
24 BLUESTEM LANE 24
MARKET REPORT Q3 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
NEW CONSTRUCTION
113
107
159
99
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
Q4 2017
Q1 2018
Q2 2018
Q3 2018
$
787,548
$
879,211
$
894,805
$
794,948
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
Q4 2017
Q1 2018
Q2 2018
Q3 2018
$
286
$
310
$
306
$
292
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
Q4 2017
Q1 2018
Q2 2018
Q3 2018
133
148
187
145
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
ON MARKET
ON MARKET
ON MARKET
ON MARKET
Q4 2017
Q1 2018
Q2 2018
Q3 2018
99%
98%
99%
99%
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
Q4 2017
Q1 2018
Q2 2018
Q3 2018
MARKET REPORT Q3 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
25
EC
EMERALD COAST SANDESTIN MIRAMAR BEACH DESTIN
SANDESTIN EC
2097 OLDE TOWNE AVE
28
MARKET REPORT Q3 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
SANDESTIN
45
39
29
44
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
Q4 2017
Q1 2018
Q2 2018
Q3 2018
$
755,139
$
703,286
$
729,333
$
813,239
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
Q4 2017
Q1 2018
Q2 2018
Q3 2018
$
272
$
276
$
288
$
290
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
Q4 2017
Q1 2018
Q2 2018
Q3 2018
172
160
127
220
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
ON MARKET
ON MARKET
ON MARKET
ON MARKET
Q4 2017
Q1 2018
Q2 2018
Q3 2018
96%
96%
96%
95%
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
Q4 2017
Q1 2018
Q2 2018
Q3 2018
MARKET REPORT Q3 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
29
MIRAMAR BEACH EC
1875 SCENIC GULF DRIVE
30
MARKET REPORT Q3 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
MIRAMAR BEACH
37
39
55
56
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
Q4 2017
Q1 2018
Q2 2018
Q3 2018
$
658,094
$
708,491
$
681,152
$
720,321
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
Q4 2017
Q1 2018
Q2 2018
Q3 2018
$
256
$
260
$
248
$
304
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
Q4 2017
Q1 2018
Q2 2018
Q3 2018
187
190
105
126
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
ON MARKET
ON MARKET
ON MARKET
ON MARKET
Q4 2017
Q1 2018
Q2 2018
Q3 2018
97%
94%
97%
96%
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
Q4 2017
Q1 2018
Q2 2018
Q3 2018
MARKET REPORT Q3 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
31
DESTIN EC
15 SAINT MARTIN CIRCLE
32
MARKET REPORT Q3 2018 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
DESTIN
104
100
131
108
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
Q4 2017
Q1 2018
Q2 2018
Q3 2018
$
578,660
$
703,258
$
707,701
$
769,795
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
Q4 2017
Q1 2018
Q2 2018
Q3 2018
$
225
$
233
$
249
$
256
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
Q4 2017
Q1 2018
Q2 2018
Q3 2018
137
171
148
126
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
ON MARKET
ON MARKET
ON MARKET
ON MARKET
Q4 2017
Q1 2018
Q2 2018
Q3 2018
96%
96%
97%
96%
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
Q4 2017
Q1 2018
Q2 2018
Q3 2018
MARKET REPORT Q3 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.