2019 Annual Market Report

Page 1

2019 MARKET REPORT


MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


INSPIRE Living along the world?s most beautiful beaches, every day is filled with promise. It seems as though the Gulf of Mexico is an endless source of inspiration for many, bringing with it the courage, clarity and insight to bring about change and find innovative new avenues to explore. Inspiration comes in many forms yet it carries over into every aspect of our lives. What inspires us professionally may give rise to a new change in our mindset that allows other areas of our lives to flourish. In the same regard, and what has happened to so many local residents, is that one trip to the beach inspires us to make our dream coastal lifestyle a reality. As we reflect on the past decade, Inspire was the word that kept coming to mind. People were inspired to move to the coast and the numbers certainly reflect that! Families that only dreamed about living at their favorite beach found an opportunity to work remotely. Early retirement became a reality for couples seeking the warmth of the Florida Panhandle. Investment-minded individuals made the decision to invest in rental properties that would eventually become their full-time home. This swell in population has given rise to influential changes across the board. From design to architecture to the coastal lifestyle we all love here at the beach, there has a dramatic transformation over the past ten years, and it?s exciting to witness. We are a collection of inspirations here along the coast - 30A, Destin, Panama City Beach, the Forgotten Coast and the future looks just as impressive. What inspires you? Is it the sound of crashing waves or the feel of the sugar-white sand beneath your feet? Is it being able to leave the hustle and bustle of city life behind as you slip on your ?fancy?flip flops to wear to dinner? Is it the feeling of joy you experience at seeing your children love the Gulf of Mexico as you do? Or is the solitude of a quiet beach at sunrise as you start another spectacular day on the coast? At Berkshire Hathaway HomeServices Beach Properties of Florida, we find inspiration in our people - our clients, our colleagues and our local communities. We are eternally grateful for the opportunity to live where do, and we?re passionate about sharing why our coastal towns are so extraordinary. Let?s make 2020 the year we find your coastal inspiration.

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

#1 BROKERAGE ON 30A 2019 *Transactions

#1 BROKERAGE ON 30A EAST 2019 *Volume & Transactions

#1 BROKERAGE ON ST GEORGE ISLAND 2019 *Volume

TOP 3 BROKERAGE ON THE FORGOTTEN COAST 2019 *Volume

TOP 50 BROKERAGE WITHIN BERKSHIRE HATHAWAY HOMESERVICES 2016 & 2017 & 2018 *Gross Commission I ncome

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


30A AVERAGE SOLD PRICE $2,000,000

$1,500,000

$1,000,000

$500,000

61%

% GROWTH 2010 - 2019

0

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

AVERAGE DAYS ON MARKET 400

300

200

100

-63%

% GROWTH 2010 - 2019

0

2010

2011

2012

2013

2014

2015

2016

2017

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA

2018

2019


30A PRICE PER SQUARE FOOT $400

$300

$200

$100

51%

% GROWTH 2010 - 2019

0

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

NUMBER OF SALES 1,000

750

500

250

178%

% GROWTH 2010 - 2019

0

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


30A

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


30A 30A OVERALL ROSEMARY BEACH ALYS BEACH WATERSOUND BEACH SEASI DE WATERCOLOR SANTA ROSA BEACH POI NT WASHI NGTON 30A WEST


30A OVERALL 30A

165 VERMILION WAY

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


30A OVERALL

970

1,074

2018

2019

$ 1,287,593

$ 1,165,036

2018

2019

$ 438

$ 433

2018

2019

159

150

11%

10%

1%

2018

2019

6%

96 %

97%

1%

2018

2019

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


ROSEMARY BEACH 30A

143 WIGGLE LANE

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


ROSEMARY BEACH

38

32

2018

2019

$ 2,455,371

$ 2,268,516

2018

2019

$ 748

$ 820

2018

2019

236

190

2018

2019

94 %

94 %

2018

2019

16%

8%

10%

19%

0%

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


ALYS BEACH 30A

11 MOONGATE COURT

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


ALYS BEACH

24

19

2018

2019

$ 3,332,294

$ 3,312,234

2018

2019

1%

$ 991

$ 992

2018

2019

1%

147

121

2018

2019

97%

97%

2018

2019

21%

18%

0%

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


WATERSOUND BEACH 30A

425 COOPERSMITH LANE

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


WATERSOUND BEACH

19

34

2018

2019

$ 2,629,842

$ 2,617,206

2018

2019

$ 711

$ 689

2018

2019

194

191

79%

1%

3%

2018

2019

2%

94 %

95 %

2018

2019

1%

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


SEASIDE 30A

2314 EAST COUNTY HWY 30A

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


SEASIDE

22

24

2018

2019

$ 1,580,473

$ 2,369,250

2018

2019

$ 991

$ 1,102

2018

2019

194

119

2018

2019

95 %

94 %

2018

2019

9%

50%

11%

39%

1%

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


WATERCOLOR 30A

165 VERMILION WAY

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


WATERCOLOR

98

80

2018

2019

$ 1,705,467

$ 1,857,667

2018

2019

$ 520

$ 546

2018

2019

202

142

2018

2019

95 %

96 %

2018

2019

18%

9%

5%

30%

1%

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


30A WEST 30A

31 LUPINE ROAD

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


30A WEST

291

344

2018

2019

$ 955,578

$ 872,427

2018

2019

9%

$ 356

$ 341

2018

2019

4%

125

138

2018

2019

97%

97%

2018

2019

18%

10%

0%

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


SANTA ROSA BEACH | POINT WASHINGTON 30A

251 TURQUOISE BEACH DRIVE

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


SANTA ROSA BEACH | POINT WASHINGTON

414

433

2018

2019

$ 383,170

$ 402,281

2018

2019

5%

$ 178

$ 182

2018

2019

2%

133

108

2018

2019

98 %

98 %

2018

2019

5%

19%

0%

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


NC


NEW CONSTRUCTION SOUTH WALTON


NEW CONSTRUCTION NC

LOT 50 SOUTH COMPASS POINT WAY

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


NEW CONSTRUCTION

273

315

2018

2019

$ 876,765

$ 811,990

2018

2019

$ 299

$ 295

2018

2019

122

89

2018

2019

99 %

99 %

2018

2019

15%

7%

1%

27%

0%

MARKET REPORT 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA


LOCALLY KNOWN.

NATIONALLY RECOGNIZED.

GLOBALLY RESPECTED.

ANN MOSELY Realtor 850.830.2574 ann@bpfla.com www.30abeach.com ©2020 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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