MARKET REPORT | Q1 2019
163 GULF SHORE DRIVE
BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
TOP 10 BROKERAGE IN BAY COUNTY 2018 *Volume
#
1
BROKERAGE ON 30A 2018 *Volume
#
1
BROKERAGE ON 30A 2018 *Number of Transactions
TOP 3 BROKERAGE ON THE FORGOTTEN COAST 2018 *Volume
TOP 50 BROKERAGE WITHIN BERKSHIRE HATHAWAY HOMESERVICES 2016 + 2017 + 2018
MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
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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.
BC
BAY COUNTY PANAMA CITY BEACH CONDOS PANAMA CITY BEACH PANAMA CITY
PANAMA CITY BEACH CONDOS BC
11807 FRONT BEACH ROAD | 2204
8
MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PANAMA CITY BEACH CONDOS
489
424
242
312
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
Q2 2018
Q3 2018
Q4 2018
Q1 2019
$
261,972
$
272,780
$
305,613
$
277,695
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
Q2 2018
Q3 2018
Q4 2018
Q1 2019
$
232
$
233
$
247
$
236
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
98
97
63
73
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
ON MARKET
ON MARKET
ON MARKET
ON MARKET
Q2 2018
Q3 2018
Q4 2018
Q1 2019
97%
97%
97%
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
9
PANAMA CITY BEACH BC
14106 MILLCOLE AVENUE
10
MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PANAMA CITY BEACH
248
255
176
212
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
Q2 2018
Q3 2018
Q4 2018
Q1 2019
$
359,856
$
378,293
$
359,955
$
344,679
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
Q2 2018
Q3 2018
Q4 2018
Q1 2019
$
186
$
196
$
200
$
191
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
70
81
89
68
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
ON MARKET
ON MARKET
ON MARKET
ON MARKET
Q2 2018
Q3 2018
Q4 2018
Q1 2019
97%
97%
97%
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
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PANAMA CITY BC
2409 PRETTY BAYOU ISLAND DRIVE
12
MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PANAMA CITY
413
431
155
423
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
Q2 2018
Q3 2018
Q4 2018
Q1 2019
$
202,870
$
209,024
$
195,159
$
183,816
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
Q2 2018
Q3 2018
Q4 2018
Q1 2019
$
112
$
118
$
109
$
103
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
69
60
66
50
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
ON MARKET
ON MARKET
ON MARKET
ON MARKET
Q2 2018
Q3 2018
Q4 2018
Q1 2019
97%
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
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