MARKET REPORT | Q1 2019
163 GULF SHORE DRIVE
BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
#
1
BROKERAGE ON 30A 2018 *Volume
#
1
BROKERAGE ON 30A 2018 *Number of Transactions
TOP 10 BROKERAGE IN BAY COUNTY 2018 *Volume
TOP 3 BROKERAGE ON THE FORGOTTEN COAST 2018 *Volume
TOP 50 BROKERAGE WITHIN BERKSHIRE HATHAWAY HOMESERVICES 2016 +2017 + 2018 *Gross Commission Income
MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
3
HOW’S THE MARKET? In demand. Looking at this past year’s data we’ve seen a continuation of several trends. Across all Gulf Coast markets, demand for housing is high. Residential properties are selling quickly and many times with multiple offers on the table. The demand for housing exceeds supply and with that, price points continue to rise. The turn-key readiness of a home is more appealing to buyers, but properties requiring improvement still command competitive prices but may sit longer on the market. Premium homes, fixer-uppers and houses sustaining damage are all in demand across the coast. We have carefully analyzed trends across the entire Gulf Coast and have outlined these results for you in our latest market review. This analysis shows key metrics for our markets, but you may have additional questions about specific communities, properties and projections for the coming year. For more than a decade, we’ve helped families buy and sell property across the Florida Panhandle and would be honored to assist you with your real estate needs.
#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.
All reporting is based on sales data for Residential, Detached Single Family properties. New construction data is based on homes built between 2017-2018 and sold in 2018. All information is deemed to be reliable, but is not guaranteed.
30A
6
MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
30A 30A OVERALL ROSEMARY BEACH ALYS BEACH WATERSOUND BEACH SEASIDE WATERCOLOR SANTA ROSA BEACH
30A OVERALL 30A
118 SCRUB OAK CIRCLE
8
MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
30A OVERALL
289
236
288
201
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
Q2 2018
Q3 2018
Q4 2018
Q1 2019
1,250,950
$
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
Q2 2018
Q3 2018
Q4 2018
Q1 2019
$
$
454
1,190,065
$
423
$
1,149,817
$
454
$
1,158,545
$
416
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
Q2 2018
Q3 2018
Q4 2018
Q1 2019
175
142
165
164
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
ON MARKET
ON MARKET
ON MARKET
ON MARKET
Q2 2018
Q3 2018
Q4 2018
Q1 2019
96%
96%
96%
96%
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
Q2 2018
Q3 2018
Q4 2018
Q1 2019
MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
9
ROSEMARY BEACH 30A
63 JOHNSTOWN LANE
10
MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
ROSEMARY BEACH
$
10
11
12
6
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
Q2 2018
Q3 2018
Q4 2018
Q1 2019
2,169,550 $2,452,599 $2,535,667 $3,303,333
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
Q2 2018
Q3 2018
Q4 2018
Q1 2019
$
744
$
690
$
787
$
1,112
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
Q2 2018
Q3 2018
Q4 2018
Q1 2019
290
102
226
150
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
ON MARKET
ON MARKET
ON MARKET
ON MARKET
Q2 2018
Q3 2018
Q4 2018
Q1 2019
95%
95%
93%
95%
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
Q2 2018
Q3 2018
Q4 2018
Q1 2019
MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
11
ALYS BEACH 30A
11 MOONGATE COURT
12
MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
ALYS BEACH
7
6
7
1
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
Q2 2018
Q3 2018
Q4 2018
Q1 2019
$
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
Q2 2018
Q3 2018
Q4 2018
Q1 2019
$
921
4,014,167
2,888,382 $3,510,000
2,976,934
$
$
1,164
$
$
948
$
1,006
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
Q2 2018
Q3 2018
Q4 2018
Q1 2019
125
214
121
434
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
ON MARKET
ON MARKET
ON MARKET
ON MARKET
Q2 2018
Q3 2018
Q4 2018
Q1 2019
98%
92%
98%
86%
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
Q2 2018
Q3 2018
Q4 2018
Q1 2019
MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
13
WATERSOUND BEACH 30A
232 EAST YACHT POND LANE
14
MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
WATERSOUND BEACH
$
6
6
8
12
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
Q2 2018
Q3 2018
Q4 2018
Q1 2019
2,752,333 $1,364,833 $2,277,750 $2,884,583
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
Q2 2018
Q3 2018
Q4 2018
Q1 2019
$
788
$
683
$
714
$
740
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
Q2 2018
Q3 2018
Q4 2018
Q1 2019
138
309
118
123
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
ON MARKET
ON MARKET
ON MARKET
ON MARKET
Q2 2018
Q3 2018
Q4 2018
Q1 2019
96%
97%
95%
95%
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
Q2 2018
Q3 2018
Q4 2018
Q1 2019
MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
15
SEASIDE 30A
2418 EAST COUNTY HIGHWAY 30A
16
MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
SEASIDE
$
10
2
6
4
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
Q2 2018
Q3 2018
Q4 2018
Q1 2019
1,570,390 $1,562,000 $1,600,000 $1,660,000
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
Q2 2018
Q3 2018
Q4 2018
Q1 2019
$
959
$
689
$
756
$
1,021
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
Q2 2018
Q3 2018
Q4 2018
Q1 2019
175
457
108
51
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
ON MARKET
ON MARKET
ON MARKET
ON MARKET
Q2 2018
Q3 2018
Q4 2018
Q1 2019
96%
92%
93%
97%
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
Q2 2018
Q3 2018
Q4 2018
Q1 2019
MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
17
WATERCOLOR 30A
46 PINE NEEDLE WAY
18
MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
WATERCOLOR
$
29
27
19
6
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
Q2 2018
Q3 2018
Q4 2018
Q1 2019
1,745,310
$
1,693,048 $1,697,526
$
1,968,167
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
Q2 2018
Q3 2018
Q4 2018
Q1 2019
$
527
$
504
$
556
$
522
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
Q2 2018
Q3 2018
Q4 2018
Q1 2019
232
211
178
163
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
ON MARKET
ON MARKET
ON MARKET
ON MARKET
Q2 2018
Q3 2018
Q4 2018
Q1 2019
94%
96%
96%
93%
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
Q2 2018
Q3 2018
Q4 2018
Q1 2019
MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
19
SANTA ROSA BEACH 30A
28 BLUFF LANE
20
MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
SANTA ROSA BEACH
112
90
114
98
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
Q2 2018
Q3 2018
Q4 2018
Q1 2019
$
398,187
$
414,535
$
369,751
$
368,022
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
Q2 2018
Q3 2018
Q4 2018
Q1 2019
$
183
$
187
$
174
$
172
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
Q2 2018
Q3 2018
Q4 2018
Q1 2019
128
135
120
110
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
ON MARKET
ON MARKET
ON MARKET
ON MARKET
Q2 2018
Q3 2018
Q4 2018
Q1 2019
98%
98%
97%
98%
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
Q2 2018
Q3 2018
Q4 2018
Q1 2019
MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
21
NC
N
NEW CONSTRUCTION SOUTH WALTON
NEW CONSTRUCTION NC
565 FLATWOODS FOREST LOOP 24
MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
NEW CONSTRUCTION
159
99
89
96
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
Q2 2018
Q3 2018
Q4 2018
Q1 2019
$
894,805
$
794,948
$
1,004,320
$
754,576
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
Q2 2018
Q3 2018
Q4 2018
Q1 2019
$
306
$
292
$
316
$
258
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
AVERAGE PRICE PER
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
SQUARE FOOT
Q2 2018
Q3 2018
Q4 2018
Q1 2019
187
145
175
144
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
ON MARKET
ON MARKET
ON MARKET
ON MARKET
Q2 2018
Q3 2018
Q4 2018
Q1 2019
99%
99%
98%
99%
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
PERCENTAGE OF
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
LIST PRICE SOLD
Q2 2018
Q3 2018
Q4 2018
Q1 2019
MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
25
LOCALLY KNOWN. NATIONALLY RECOGNIZED. GLOBALLY RESPECTED.
49A WaterColor Way, WaterColor, FL 32459 www.BeachPropertiesFLA.com ©2019 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.