MARKET REPORT | Q1 2019
163 GULF SHORE DRIVE
BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
TOP 3 BROKERAGE ON THE FORGOTTEN COAST 2018 *Volume
#
1
BROKERAGE ON 30A 2018 *Volume
#
1
BROKERAGE ON 30A 2018 *Number of Transactions
TOP 10 BROKERAGE IN BAY COUNTY 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.
FC
FORGOTTEN COAST APALACHICOLA ST. GEORGE ISLAND CAPE SAN BLAS MEXICO BEACH / ST. JOE BEACH PORT ST. JOE
APALACHICOLA FC
207 AVENUE E
8
MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
APALACHICOLA
16
8
11
9
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
Q2 2018
Q3 2018
Q4 2018
Q1 2019
$
285,053
$
204,125
$
285,409
$
177,170
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
Q2 2018
Q3 2018
Q4 2018
Q1 2019
$
171
$
140
$
100
$
147
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
186 AVERAGE DAYS
72
276
142
AVERAGE DAYS
AVERAGE DAYS
AVERAGE DAYS
ON MARKET
ON MARKET
ON MARKET
ON MARKET
Q2 2018
Q3 2018
Q4 2018
Q1 2019
98%
93%
88%
91%
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
ST. GEORGE ISLAND FC
1419 DOVE LANE
10
MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
ST. GEORGE ISLAND
29
26
18
7
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
Q2 2018
Q3 2018
Q4 2018
Q1 2019
$
562,294
$
775,807
$
500,713
$
792,143
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
Q2 2018
Q3 2018
Q4 2018
Q1 2019
$
266
$
316
$
206
$
353
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
123
191
197
95
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%
94%
89%
94%
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
CAPE SAN BLAS FC
121 PARKSIDE CIRCLE
12
MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
CAPE SAN BLAS
22
18
11
15
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
Q2 2018
Q3 2018
Q4 2018
Q1 2019
$
693,609
$
718,055
$
689,520
$
499,085
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
Q2 2018
Q3 2018
Q4 2018
Q1 2019
$
320
$
373
$
158
$
242
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
100
119
206
126
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%
94%
94%
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
MEXICO BEACH | ST. JOE BEACH FC
244 WATERMARK WAY
14
MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
MEXICO BEACH | ST. JOE BEACH
37
35
10
37
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
Q2 2018
Q3 2018
Q4 2018
Q1 2019
$
343,767
$
316,985
$
324,891
$
240,760
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
Q2 2018
Q3 2018
Q4 2018
Q1 2019
$
237
$
220
$
146
$
155
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
82
60
146
61
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%
90%
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
PORT ST. JOE FC
2101 JUNIPER AVENUE
16
MARKET REPORT Q1 2019 | BERKSHIRE HATHAWAY HOMESERVICES BEACH PROPERTIES OF FLORIDA
PORT ST. JOE
37
25
17
28
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
NUMBER OF SALES
Q2 2018
Q3 2018
Q4 2018
Q1 2019
$
222,385
$
184,796
$
170,765
$
162,098
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
AVERAGE SOLD PRICE
Q2 2018
Q3 2018
Q4 2018
Q1 2019
$
141
$
130
$
82
$
101
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
47
70
94
56
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%
95%
89%
92%
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
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140 West 1st Street, St. George Island, FL 32328 200 Reid Avenue, Port St. Joe, FL 32456 www.SGI.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.